Richmond American Homes of Arizona, a subsidiary of MDC Holdlings, Inc. (NYSE: MDC), is buying 56-SFR lots at Madera Highlands Villages in the Town of Sahuarita and recently closed on the first six lots for $483,000 ($80,500 per lot). The roughly one-acre lots were originally developed by the Toll Brothers for luxury home construction and resold to MK Company Southwest of Scottsdale (Keith Holben, principal) during the market downturn.

MK Company Southwest is the seller for the rolling option to Richmond American.

The Madera Highlands Villages at Madera Highlands, Richmond American’s newest community in this established masterplanned community, will offer a distinctive collection of single and two-story floor plans. New homes will showcase beautifully appointed exteriors and open, inviting layouts with exceptional included features, such as tile flooring, stainless-steel appliances and granite kitchen countertops.

Since 1972, MDC’s subsidiary companies have built and financed the American dream for more than 175,000 homebuyers. MDC’s commitment to customer satisfaction, quality and value is reflected in each home its subsidiaries build. MDC is one of the largest homebuilders in the United States. Its subsidiaries have homebuilding operations across the country, including the metropolitan areas of Denver, Colorado Springs, Salt Lake City, Las Vegas, Phoenix, Tucson, Riverside-San Bernardino, Los Angeles, San Francisco Bay Area, Washington D.C., Baltimore, Philadelphia, Orlando, Jacksonville, South Florida and Seattle. The Company’s subsidiaries also provide mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company, respectively.

Will White of Land Advisors Organization in Tucson handled the transaction and had this to say, “After the dismantling of the market over the past few years, this transaction shows signs the market is coming back to where it was before the downturn.”

White should be reached at (520) 514.7454 for more information. Richmond American can be contacted at (520) 544.2700.

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[mepr-show rules=”58038″]Sale price: $483,000. Sale date: 5/16/2014. Al cash. APN: 304-31-554, 576, 577, 588, 590 & 591. Legal: Lots 13, 35, 36, 47, 49, & 50 Village 22 Madera Highlands: Villages 11 thru 14 and 16 thru 23 bk 59 pg 65.[/mepr-show]

M.D.C. Holdings, Inc. (NYSE: MDC) has announced that its Richmond American Homes of Arizona subsidiary is opening a brand new community in the Tucson area. Eagle Crest Ranch is planned to officially open for sales on September 6, 2013, and will offer a variety of new single- and two-story homes ranging from approximately 1,700 to 2,700 finished square feet. Planned home features include beautifully appointed exteriors, spacious, open living spaces and ample closet space.

Located north of Oro Valley off Oracle Road, Eagle Crest Ranch boasts a beautiful setting nestled in the foothills of the Santa Catalina Mountains. The community is scheduled to feature a combined total of 125 homesites. Interested homebuyers are encouraged to act quickly to be one of the first to choose a homesite within this neighborhood.

The Eagle Crest Community is in addition to the four other land purchases in the Tucson area by Richmond American Homes.

The first land purchase, in Marana, is a 36-homesite extension of Richmond American’s current property in the master-planned community of Gladden Farms. The new development, Flor de Algodon at the Arbors, is scheduled to offer many of the same floor plans available at the Gladden Farms location, which includes both single- and two-story homes with approximately 1,645 to 2,720 finished square feet. Planned features include beautifully appointed exteriors and open, spacious living spaces with plenty of closet space. Residents will enjoy Gladden Farms’ many amenities, such as miles of walking trails, parks and twelve playgrounds. The location is also near Marana’s recreational facilities, including a sparkling pool and dog park.

The second land purchase, also in Marana, is The Village at Twin Peaks, with an opening date scheduled for the first quarter 2014. The community will offer 40 homesites with an assortment of new single- and two-story homes ranging from approximately 1,720 to 2,701 finished square feet. Attention to detail and storage space are top priorities for these floor plans. The location is conveniently located with easy access to the Marana School District, shopping, dining, and I-10.

The third land purchase is in the popular city of Vail, Arizona. The community of Mountain Vail Ranch is scheduled to open the first quarter of 2014 with a total of 87 homesites and a sophisticated collection of new single- and two-story homes with up to approximately 2,900 finished square feet, priced from the low $200s. The homes will feature spacious interiors and Richmond American’s signature attention to detail. The neighborhood will be within the popular Vail School District and close to national parks, with easy access to I-10.

The final land purchase announcement is located in the city of Tucson. With a total of 86 homesites, Sycamore Point is scheduled to open during the fourth quarter of 2013. The builder plans to offer two-story floor plans with up to 2,150 finished square feet. Like Mountain Vail Ranch, the location of Sycamore Point will sit within the Vail School District in convenient proximity to I-10 with easy access to Davis Monthan Air Force Base and the airport. Homes will start in the upper $100s.

Anyone considering a future purchase at Eagle Crest Ranch or any of these new communities will want to join the community’s interest list at www.RichmondAmerican.com to stay updated on grand openings, model home openings and more.

Richmond American Homes of Arizona (James Gaulin, Director of Land Acquisition) acquired 36 SFR lots at Gladden Farms Block 17 for $1.3 million ($36,500 per lot) in Marana, a community in Northwest Tucson. The finished lots are 65’ x 112’ in this partially built out community. Richmond has constructed 47-homes in Block 8 at Gladden Farms, known as Arbors at Gladden Farms, and with only six lots remaining in that subdivision, moved over to Block 17 to continue building its popular models. The seller was Bell Hollow, LLC (Steve Russo, managing member) of Tucson.

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[mepr-show rules=”58038″]Meanwhile in the South of Tucson, Richmond American bought 39-lots at Sycamore Point for $1.35 million ($34,500 per lot) in Tucson. Located at the southwest corner of I-10 and Kolb Road, Sycamore Point is a new community for Richmond American Homes that will be joining D.R. Horton there. This transaction is the first phase of a two-part option for 84 finished SFR lots. The lots are 40’ x 110’. The developer and seller is West Kolb, LLC and affiliate of R.B. Price Company (Richard B. Price, managing member) of Tucson.

Dan Feig and Aaron Mendenhall with Chapman Lindsey of Tucson handled both of these transactions.

Richmond American is a wholly owned subsidiary of M.D.C. Holdings, Inc., (NYSE:MDC) a Delaware Corporation based in Colorado since 1972. The homebuilding operations are comprised of many homebuilding subdivisions. Its Financial Services segment consists of HomeAmerican Mortgage Corporation, which originates mortgage loans mainly for its homebuyers, American Home Insurance Agency, Inc., which offers third-party insurance products to its homebuyers, and American Home Title and Escrow Company, which provides title agency services to the Company and its homebuyers in Colorado, Florida, Maryland, Nevada, Virginia and West Virginia. The Company builds and sells mainly single-family detached homes that are designed and built to meet local customer preferences. The Company is a general contractor for all of its projects and retains subcontractors for land development and home construction.

Richmond American ranked 11 in the top 100 homebuilders for 2012, with 3,740 closing for the year.

Gaulin can be reached at (520) 544-2700. Feig and Mendenhall should be contacted at (520) 747-4000.[/mepr-show]

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[ismember] Sale date on Gladden Farms was 8/6/2013. Sale date on Sycamore Point was 8/13/2013.  [/ismember]