Maracay Homes, an Arizona-based home builder took down the first of 54-lots at Tortolita Vistas this week. This first takedown was for 7 lots at $160,000 per lot, or $1.12 million. The lots are oversized lots and will allow Maracay to have a model ready here for early next year.
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[mepr-show rules="58038"]Maracay will join A.F. Sterling at Tortolita Vistas, who is wrapping up with only a few homes remaining to finish.
When we spoke with Tom Lemmon, VP of Land Acquisition at Maracay Homes to discuss the recent closing of the 122 acres at Rancho Vistoso “Donut Hole” he mentioned with excitement the opening of Tortolita Vistas. “It is an extraordinary community and Maracay plans to take full advantage of the opportunity,” Lemmon said.
Meanwhile, the home builder continues construction and takedowns at the Preserve at Dove Mountain, taking down an additional 7-finished lots in September for $395,500 ($56,500 per lot) following four lots in August from Miramonte at Dove Mountain. All takedowns were at the option price for finished lots.
To read the full story on the $23 million Rancho Vistoso sale click here.
Will White with Land Advisors Organization of Tucson represented Maracay Homes on these transactions and all the Maracay communities in the Tucson area.
White can be contacted at (520) 514-7454. Visit also www.maracayhomes.com for more information on Maracay Homes’ new communities opening 2014.
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Sale date 10/4/2013 for $1,120,000, (980,000 down) for first phase of 54 lots at Tortolita Vistas. Options at the Preserve at Dove Mountain: 9/16/2031, 4 lots. 9/30/2013, 3 lots. 8/30/2013, 4 lots. All were $56,500 per finished lot. [/mepr-show]