Maracay Homes Purchases 93 Lots in Goodyear for $3.8 Million

Maracay Pinnacle Model (source Maracay Homes)

Neighborhood with all-new floor plans scheduled to open in late 2017

GOODYEAR, Ariz. –  Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), closed on a $3.8 million purchase of 93 homesites for courtyard cluster single-family detached homes in the Rio Paseo Cottages community on West Encanto Boulevard, north of Interstate 10, in Goodyear, Arizona.

David Cornwall, Chris Barr and Joseph Schram of Quantum Holdings, LLC, were the sellers’ representive, WQC Rio Paseo Investors IV, LLC. Phil Clark was the broker who brought the opportunity to Maracay.

Rio Paseo Cottages was orignially developed prior to the recession and already has 75 completed homes within the community. Although Maracay took an assignment of the original floor plans, the Arizona homebuilder is designing a completely new floor plan series to appeal to the unique preferences of today’s Millennials, Gen-Xers and Baby Boomers, who prefer open concept, indoor-outdoor living and trendy finishes.

Ranging from 1,650 to 1,950-square-feet and priced from the mid $200,000s, the fresh and current floor plans will provide affordable, single-family detached homes below the FHA loan limits while at the same time, featuring spacious great rooms, walk-in kitchen pantries and front courtyards. Maracay’s Rio Paseo Cottages will also offer FlexDesign® options tailored to meet each family’s individual needs. All homes are Energy Star® certified and include Maracay Homes’ Living Smart® program for high performance and energy efficiency. The community is scheduled to open for sales in the fall of 2017.