CRVI H-AZCO, LLC, an affiliate of Cypress Real Estate Advisors of Austin, TX sold 125 residential lots to Richmond American Homes of Arizona (Michael Del Castillo, Regional Vice President), for $1.86 million, or $14,840 per lot in Eagle Crest Ranch V in Pinal County. The lots were a mixture of improvements: 33 finished lots and 92 platted and in various stages of being finished lots.
Eagle Crest Ranch is a community of 640+ homes in northwest Tucson. Located 6 miles north of Tangerine Road on Oracle Rd., it offers spectacular Catalina Mountain Views with acres of state land to the north and east providing a natural desert buffer with all kinds of wildlife. Richmond will be joining Lennar Homes at Eagle Crest see https://realestatedaily-news.com/lennar-homes-acquires-45-lots-at-eagle-crest-ranch-pinal-county/ that closed 30 days earlier.
Richmond American Homes is a home builder serving markets in Arizona, California, Colorado, Florida, Illinois, Maryland, Nevada, New Jersey, Pennsylvania, Utah and Virginia. The home builder is a subsidiary of M.D.C. Holdings, Inc.'s™ of Delaware (NYSE:MDC). Subsidiaries have been building quality new homes under the name "Richmond American Homes" for 40 years.
Other communities where Richmond American is active in Northwest Tucson include the Arbors at Gladden Farms, Encore at Tangerine Crossing, Palisades at San Lucas, Premier at Tangerine Crossing, and The Preserve at Dove Mountain, all in Marana and Torreno at Rancho Vistoso in Oro Valley.
The buyer and seller were self-represented in the transaction.
To reach Cypress Real Estate Advisors call (512) 494-8510. Del Castillo can be reached at (520) 229-5454