Mattamy Homes Acquires 174 Lots at Covena Pointe at Rocking K

TUCSON, AZ (March 26, 2025)—Mattamy Homes acquired 117.66 acres with 174 platted lots in Covena Pointe at Rocking K Master-Planned Community for $12.4 million ($71,052 per lot), in addition to the 30 SFR lots already reported. Both transactions closed on March 18, 2025. See Real Estate Daily News.

Mattamy Homes is the newest builder to join Rocking K.’s home builder lineup. Mattamy prides itself on its attention to detail, design, and distinctive architecture.

The Rocking K Masterplan sits at the base of the Rincon Mountains, with a beautiful 19-acre community park and VUSD’s newest K-8 school, Saguaro Creek, which opens this Summer. Covena Pointe consists of (93) 50’ lots and (81) 60’ lots. Next year, new Mattamy’s product will launch in this highly acclaimed Vail submarket. The Mattamy team is kicking off development and expects to break ground on model homes next Summer 2026.

“This acquisition represents Mattamy’s further commitment to the Rocking K Masterplan and Vail submarket.  Diamond Ventures has continually produced high-quality land planning and design, and this investment showcases the alignment of our two brands,”  said Briana Rader, Director of Land Acquisition for Mattamy Tucson. “We are truly pleased to bring this community to future homebuyers and cannot wait to bring new home options to buyers at Rocking K.”

The seller, Rocking K Development Company, an affiliate of Diamond Ventures, was represented by Will White and John Carroll with Land Advisors Organization in Tucson.