Tucson, Arizona (October 6, 2023) — Meritage Homes has successfully closed the Tucson region’s most significant lot acquisition in 2023 comprising of 172 platted and engineered lots within the Rocking K Master Planned Community (MPC) in Vail. These paper lots in the Mountain View neighborhood were secured at a purchase price of $10,225,500. averaging $59,450 per lot. The seller in the transaction was Rocking K Development Co., led by Diamond Ventures, Inc., David Goldstein, President.
These newly acquired lots, measuring 45' X 120', represent Meritage Homes' inaugural entry into the Rocking K project, solidifying their presence alongside a robust roster of esteemed homebuilders, including Lennar, Richmond American, KB Home, Pulte, Del Webb, and Moderne homes for rent. Furthermore, this addition introduces a new lot size segment to complement the existing offerings. Rocking K currently commands one of the region’s most diverse master-planned communities in product type and offerings.
Spanning nearly 5,000 acres, the Rocking K Master Plan stretches south of Old Spanish Trail and borders the Rincon Mountains and Saguaro National Park to the north. Notably, it falls within the renowned Vail School District and enjoys close proximity to employment, retail, and services in southeast Tucson. The Rocking K community is home to a diverse array of homebuilders and residential product types, and it has garnered recognition among the region's homebuilders for its exceptional master-planned community attributes, evident through robust sales and pricing.
Rocking K's core philosophy revolves around seamlessly connecting neighborhoods with nature. Rocking K is themed "Designed by Nature," and the community harmoniously integrates builder neighborhoods with expansive natural and recreational open spaces, encouraging outdoor engagement throughout the Rincon Valley and Vail. Rocking K residents enjoy a full calendar of adult, family and children’s events throughout the year, ensuring neighbors quickly become friends. can look forward to an exciting array of outdoor events and programs designed to enrich their living experience.
Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction.
According to White, "Meritage Homes' substantial investment into the best-in-class master-planned community of Rocking K underscores the appeal and potential of this remarkable project. Rocking K is at the forefront of the market with its diverse product offerings, iconic foothills location, adjacency to a national park, and access to one of Arizona’s top school districts. Rocking K will continue to command a significant portion of the Tucson region's market share."
White and Carroll should be reached at 520.514.7454 for more information.
To learn more, see RED Comp #10909.