New Meritage Community Coming To Marana

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Scottsdale-based Meritage Homes (NYSE: MTH) Steve Hilton, chairman and CEO continues to grow with its best year since 2008 last year as the housing market in Arizona and around the U.S. came back to life. Silverbell West, a newly platted 42-lot subdivision, at the northwest corner of Ina and Silverbell Roads in Marana was recently bought by Meritage for[mepr-show rules=”58038″]$1.68 million ($40,000 per lot).

The seller of Silverbell West, Birkdale Properties, LLC and Prestwick Properties, LLC of Tucson (Douglas Kennedy, manager) sold the property with a final plat approval dated March 2013. The 25.34 acre subdivision has a minimum lot size of 10,000 sq.ft. and average lot dimensions of 84′ x 145′ or 11,628 sq. ft. Meritage has four other communities underway in Marana: Solara, Sky Ranch Estates, Tangerine North and Los Saguaros at Dove Mountain. Solara is wrapping up soon with only six homes remaining.

Meritage Homes Corporation, founded in 1985, engages in designing and building single-family detached homes. It offers a range of homes for various homebuyers, including first-time, move-up, active adult, and luxury. The company provides its homes under the Meritage Homes and Monterey Homes names. It also offers title insurance and closing/settlement services for its homebuyers. The company operates in 158 communities in Arizona, Texas, California, Nevada, Colorado, Florida, and the Carolinas.

Bob Solfisburg of Tucson Realty and Trust Company in Tucson handled the transaction. Meritage’s Corporate office should be contacted at (480) 515-8100. Solfisburg at Tucson Realty & Trust can be reached at (520) 577-7000.[/mepr-show]