Meritage Homes of Arizona (Jeff Grobstein, President Desert Region) purchased approximately 150 acres for $2,526,480 ($57,420 per lot) for a new, gated community in Oro Valley. Located within one of Tucson’s most prestigious areas, Sanctuary at Silverhawke will feature 44 new, energy-efficient homes on large homesites, coming in 2017.
The new community is located southeast of Palisades and First Avenue in Oro Valley and will be a cluster project with development around a floodplain and Environmentally Sensitive Land (ESL) requirements for the property.
Meritage hopes to break ground in December on this new gated community with plans to build 3,000-4,000 square-feet semi-custom homes for sale by July 2017.
Greg Wexler with Wexler & Associates represented the seller, Capri Company LLC (Herb Kai, manager).
For additional information, Wexler can be reached at 520.744.8500.
To learn more, see Red Comp #4149.
The Retreats at Vistoso Condominiums, platted for 124 condominiums, was purchased by Mattamy Tucson (Jimmy Gaulin, Land Acquisitions) for $1.075 million to replat for 42 homesites ($25,595 per lot). The approximately 14-acres is located at the southeast corner of Moore Road and Rancho Vistoso Blvd in Oro Valley.
Mattamy plans it will take 14-months to replat before ground breaking and another a year after that before selling in this new subdivision that hasn’t been named yet.
Mike Carlier and Jim Vincent with the Carlier Company in Tucson represented the seller, Keith G3 of Tempe, AZ (Charles Keith, manager).
For more information, Carlier and Vincent can be reached at 520.548.0216.
To learn more, see RED Comp #4108.