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Lot Sales at Enclave, Starr Ridge, Eagle Point & Red Colt Ranch

Stone Canyon Fairfield photo450x250Mattamy Homes bought 15 SFR lots at The Enclave at Stone Canyon V for $2.775 million ($185,000 per lot) from Enclave Construction & Sales (David Williamson, manager).

Located in Stone Canyon at Rancho Vistoso, north of Tortolita Mountain Circle and east of Hohokam Village Place in Oro Valley, the property is also known as the Stone Canyon Donut Hole due to its vicinity to Stone Canyon Golf Course. Surrounded by the Stone Canyon Golf Course, the subdivision sits on approximately 28 acres of vacant property and feature single-story homes on lot sizes ranging from 10,000 to 15,000-square-feet and 80’ frontage. Mattamys’ lots are situated on holes 1, 2, 3 and 4.

To learn more, see RED Comp #3433.

Starr RidgeRichmond American, a subsidiary of M.D.C. Holdings, purchased 37 SFR lots in Starr Ridge for $1.76 million ($47,500 per lot) and will be joining John Herder Building in this community.

Starr Ridge consists of 105 home sites, located just 15 minutes from downtown, and offers some of the most spectacular mountains and valley views at the base of the beautiful Tucson Mountains, on the far west side of Tucson. Surrounded by miles of trails and breathtaking desert landscape, this exceptional community also offers easy access to popular schools, shopping and dining. Being located on the gate way to the Arizona Sonoran Desert Museum and Old Tucson Studios is just added proof that there are some big desert and mountains views here.

M.D.C. Holdings, Inc.’s homebuilding subsidiaries have been operating under the Richmond American Homes name for many years with homebuilding operations in 9 states across the country.

To learn more, see RED Comp #3339.

At Eagle Point Estates, in the western submarket of Tucson, DR Horton purchased 6-SFR lots for $225,000 ($37,500 per lot). This was a part of a rolling option agreement for 83-lots at Eagle Point Estates. The seller, Tierra Valencia of Tucson is an affiliate of the Estes Companies (Bill Estes III, manager).

Dan Feig and Aaron Mendenhall of Chapman Lindsey represented DR Horton in the transaction.

To learn more, see RED Comp #3406.

A.F. Sterling Home Builders of Tucson (Peter Aronoff, director) has purchased a new community, Red Colt Ranch, with 21 platted lots for $420,000 ($20,000 per lot). Located at the northwest corner of 22nd Street and Bonanza Avenue on the eastside of Tucson the community is expected to be ready to build Spring 2016 by A.F. Sterling for its semi-custom and custom homes.

The final plat was approved back in 2008 by Tucson Mayor and Council. The seller was Prosperity Loop of Tucson.

To learn more, see RED Comp #3332.




Homebuilders take 37 More Lots in January for $2.9 Million

Insight Home photo
Photo courtesy of Custom Homebuilder Insight Homes

Homebuilders enthusiastic for more lots last month were DR Horton, Maracay Homes and Insight Homes. In three separate transactions, only 37 lots sold during the month of January in the Tucson metro area with half in the Northwest and half in the Westerly submarket of Tucson.

NORTHWEST SUBMARKET
Insight Homes of Tucson (Mike Jones, manager) purchased 12-SFR lots at the new La Canada Ridge for $1.23 million ($102,000 per lot). The lots were platted and engineered and buyer had an option for an additional 21-lots from Sharpe & Associates of Tucson (Bob Sharpe, manager) Insight Homes is a custom home builder in Tucson, Oro Valley, Marana and Dove Mountain. La Canada Ridge is a 33-SFR development, located southwest of Moore Road and La Canada. Ted Herman with Sharpe & Associates represented the seller and Ben Becker with CBRE in Tucson represented the homebuilder. For more information see RED Comp #2401.

Maracay Homes took down an additional 6 finished lots at Tortolita Vistas as part of a 54-lot rolling option with Ready Eight Corporation, an affiliate of Cottonwood Properties (David Mehl, manager) for $945,765 ($157,628 per lot). With this purchase, Maracay has taken down 19-lots in this gated community since October 2013 when the option began. These over-sized one acre home sites feature lush desert open space. Conveniently located just north of Tangerine Road on Thornydale Road in Marana, the Tortolita Vistas community is set in the foothills of the Tortolita mountain range, surrounded by stunning views. Will White and John Carroll of Land Advisors Organization in Tucson represented Maracay in the transaction. For more information see RED Comp #2397.

WESTERLY SUBMARKET
Tierra Valencia of Tucson, an affiliate of the Estes Companies (Bill Estes III, manager) sold 19-SFR lots at Eagle Point Estates to D.R. Horton in Tucson (Brent Davis, Division President) for $712,000 ($37,500 per lot). This is the first takedown of an 83-lot option agreement at Eagle Point Estates, located to the Northwest of Valencia and Vahalla Roads in the West Tucson submarket. The 19 finished lots total 4.96 acres. Dan Feig and Aaron Mendenhall of Chapman Lindsey represented D.R. Horton.  For more information see RED Comp #2407.

To learn more Ted Herman can be reached at 520.299.8766. Ben Becker is at 520.323.5100 and Will White and John Carroll should be contacted 520.514.7454.

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