Tucson SFR lot sales heat up in July
TUCSON, ARIZONA — DR Horton purchased 56 partially completed lots at Farm Field Five for $2.72 million ($48,568 per lot). DR Horton will be joining LGI Homes at Farm Field Five in North Marana, a 224-lot subdivision, a portion of Vanderbilt Farms. Dolphin Partners of Irvine, California was the seller.
KB Home, Lennar, Richmond American, and Meritage all continue to build at Gladden Farms. DR Horton has also started at Fianchetto Farms in North Marana.
There were no brokers involved in this transaction.
A.F. Sterling Home Builders, Ltd purchased four semi-custom home lots from Diamond Ventures at Stone House in Sahuarita for $267,000 ($66,750 per lot). Each are half-acre + lots. A.F. Sterling has purchased 19 lots to-date in this community.
Two rolling option closings occurred on August 1, 2018 at the Sahuarita subdivision of Santa Cruz Meadows. The seller on both was Tucson Land, LLC of Chicago.
Richmond American Homes completed a 50-lot purchase by closing on the final 10 finished lots at a price of $525,000 ($52,500 per lot) on an agreement to purchased 49 lots at Santa Cruz Meadows. Randy Emerson of GRE Partners, LLC represented the Seller and the buyer was self-represented.
DR Horton also closed on an additional six lots under its rolling option at a price of $306,000 ($51,000 per lot).
Randy Emerson of GRE Partners, LLC represented the Seller and Dan Feig of Chapman Lindsey represented the Buyer.
For more information, Randy Emerson can be reached at 520.777.4949, Dan Feig is at 520.747.4000, and Pete Arnold should be contacted for more information on Stone House Development at 520.305.5037.