CRVI H-AZCO, LLC, an affiliate of Cypress Real Estate Advisors of Austin, TX sold 45 finished residential lots to Lennar Homes of Arizona, a subsidiary of Lennar Corporation of Florida (NYSE:LEN), for $2.25 million, or $50,000 per lot in Eagle Crest Ranch V. Eagle Crest Ranch is a community of 640+ homes in northwest Tucson. Located 6 miles north of Tangerine Road on Oracle Rd., it offers spectacular Catalina Mountain Views with acres of state land to the north and east that provide a natural desert buffer with all kinds of wildlife.
Lennar Corporation (Stuart Miller, CEO) was founded in 1954, is headquartered in Miami, Florida and is one of the nation’s leading builders of affordable, move-up and retirement homes in communities that cater to almost any lifestyle, urban, golf course, Active Adult or suburban. Lennar offers “everything included” homes in select communities.
Will White of Arizona Land Advisors in Tucson represented the seller in the transaction.
To reach Cypress Real Estate Advisors call (512) 494-8510. White can be reached at (520) 514-7454.