Tucson, ARIZONA — Lennar AZ closed on another 164 lots in the Rocking K MPC in Vail. The paper lots were purchased for $11,726,000 ($71,500/Lot). The land was purchased from Rocking K Development Co. (Diamond Ventures, David Goldstein, President)
The lots are 55’ X 120’ and located in the Mountain View neighborhood. The new lot size will add an additional lot size segment for Lennar. The latest purchase also positions them as one of the largest homebuilders in the master-plan. Lennar currently is building on 45’ lots in the gated Silver Ridge and 65’ lots in Wildflower Estates, which will include homes with RV garages. All three Lennar neighborhoods within the master-plan offer incredible views of the Rincon Mountains.
The Rocking K Master Plan includes almost 5,000 acres both south of Old Spanish Trail and north abutting the Rincon Mountains and Saguaro National Park. It’s located within the award-winning Vail School District and close to southeast Tucson’s employment, retail and services. Rocking K is home to several different homebuilders and residential product types. The project has become well known by the region’s homebuilders as a first- class master-planned community, which is evidenced by the strong sales pace and pricing power.
Rocking K is extremely well positioned to provide residential land and lots to builders and buyers for years to come. The Rocking K community design philosophy is to connect neighborhoods to nature. Rocking K, “Designed by Nature,” integrates its builder neighborhoods with natural and recreational open space within the community and encourages outdoor engagement throughout the Rincon Valley and Vail. This summer, families that live at Rocking K will have the opportunity to participate in a full offering of outdoor events and programs.
Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction.
“Rocking K continues to be the most sought-after address in Vail. With so much demand from homebuilders, available lots are being secured before they go to market. We expect that trend to continue for some time as the master-plan continues to outperform all of the metrics”