Aggregate sales of $6.21 Million closed in Southwest Submarket for Tucson Home Builders from March 25-April 1, 2014
Richmond American Homes of Arizona (James Gaulin, Director of Land Acquisition) closed on 114 SFR lots at Westview Pointe for slightly more than $2.9 million ($25,458 per lot). The lots were partially complete having been started in 2000 by Red Point Development then halted in 2008; property sold with re-approval of plat needed.
Located at Ajo & Camino de Oeste, Westview Pointe has 70’x 115’ lots, and mountain vista views of the Tucson Mountains. Richmond will be building their Brittania and Thomas models here, both two-story homes to take full advantage of the views.
Gaulin told us Richmond American has 12 active communities in Tucson and he anticipates Westview to start building in June, for an August opening, along with Sycamore Canyon making 14 Richmond American communities in the Tucson area.
Dan Feig and Aaron Mendenhall of Chapman Lindsey Commercial Real Estate handled the sale for the seller while the buyer was self-represented.
Rancho Sahuarita VIII, LLC an affiliate of Sharpe & Associates (Bob Sharpe, manager) sold 65- finished SFR lots to KB Home Tucson, Inc. at The Presidios at Rancho Sahuarita for $2.86 million ($44,000 per lot). The lots are 40’x 110’ and part of the Rancho Sahuarita master planned community.
Ted Herman with Sharpe & Associates of Tucson represented the seller in the transaction.
D.R. Horton took down a final option in a rolling option for 10-finished SFR lots at Sahuarita Highlands for $446,402 ($44,640 per lot). This concluded a total of 153-SFR lots for D.R. Horton in this subdivision that started in 2013 with Red Point Development as the seller.
Home models are 2-stories ranging in size from 2,000 t0 4,000 square-feet on oversized one acre lots.
Dan Feig and Aaron Mendenhall of Chapman Lindsey Commercial Real Estate represented the seller in the transaction while buyer was self-represented.
Feig and Mendenhall at Chapman Lindsey should be contacted at (520) 747-4000. Hermann with Sharpe & Associates can be reached at (520) 299-8766.
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Sale date on Westview Point: 3/25/2014. All cash deal. Lots 1 thru 114 and Common Areas A & B Westview Pointe bk 61 pg 31. APN: 119-45-023 thru 138.
Sale date on The Presidios at Rancho Sahuarita: 4/1/2014. All cash deal. Lots 863 thru 927 The Presidios at Rancho Sahaurita bk 60 pg 25, easements, rights, benefits and obligations. APN: 305-77-863 thru 927.
Sale date on Sahaurita Highlands: 3/28/2014. All cash. Lots 20-25, 134-136 & 141 Sahuarita Highlands bk 59 pg 90. APN: 303-54-044 – 049, 158-160, & 165.
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