KB Homes Reving Up in Tucson
KB Homes was down to one active subdivision, Sycamore Vista, before opening Cantabria at Rancho Valencia (located near Swan and Valencia Roads) in January of 2014 and appears to be starting to rev up in Tucson.
According to KB’s website, 5 more subdivisions are set to open this year. Two of these subdivisions, Gladden Farms (located west of I-10 in Marana) as well as Rancho Sahuarita (located east of I-19 in Sahuarita) are building model homes.
KB Homes also purchased recently La Cima Esplendora, located on the Southwest corner of Houghton and Escalante Roads.
The Real Estate Daily News reported this latest subdivision on March 4th after KB Home Tucson purchased 57 P&E lots at the new La Cima Esplendora subdivision, 23.51 acres located on the southwest corner of Houghton Road and Escalante, for $1.6 million ($27,500 per lot). The new residential cluster project has southeast Tucson high elevation lots that provide views of Tucson from this elevation and Rincon Mountains views to the east, and $400,000 homes sold just east of this across the road from this subdivision.
Lots have engineered plans approved needing utilities to start build.
Will White with Arizona Land Advisors in Tucson represented Landmark Title Trust #18,174-T, a group of individual sellers, and the builder in this transaction. White can be reached at (520) 514-7454.