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In Caddis Haley Estates, D.R. Horton (NYSE: DHI) acquired 16 finished lots for[mepr-show rules="58038"]$304,000, or $19,000 per finished lot as part of a rolling option for 161 lots, from Caddis Bridge, LLC (Greg Anderson, manager). Caddis Haley is located west of Tucson near Star Valley, close to Casino del Sol. D.R. Horton offers five models there ranging in price from $127,900 to $160,000. Average lot size is 5,128 sq. ft. Dan Feig and Aaron Mendenhall of Chapman Lindsey represented the seller.
In Sahuarita Highlands, D.R. Horton took down an additional 15 lots for $645,000, or $43,000 per finished lot from Red Point Development, Inc. (Daniel Leung, President) as part of a rolling option agreement for 153 total lots. Sahuarita Highlands offers five floor models that range in price from $187,900 to $206,900. Dan Feig of Chapman Lindsey represented the seller.
In a new agreement, D.R. Horton purchased 16 lots in Sonoran Ranch II for $562,000, or $35,125 per finished lot from Son.Land Company (John Agresti, manager). This is the first takedown of 52 lots there. Sonoran Ranch is located west ofTucsonnearStarValleyand offers six models ranging in price from $141,900 to $193,900. The average lot is about 5,000 sq. ft.
D.R. Horton, a Texas based company is one of the largest homebuilding companies in theUnited States, operating in 26 states and 77 metropolitan markets. Homes generally range in size from 1,000 to 4,000 sq. ft. and in price from $100,000 to $600,000. For the year ended September 30, 2012, D.R. Horton closed 18,890 homes nationally with an average price of approximately $223,300.
To contact D.R. Horton’s executive office (817) 390-8200. Dan Feig and Aaron Mendenhall can be reached at (520) 747-4000.