April 20, 2024 8:59 am
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Builder pays $4M to bring luxury residences to Cave Creek

Cave Creek

Cave CreekBy Business Real Estate Weekly

Richmond American Homes of Arizona LLC in Scottsdale (David Viger, regional pres.) plans to build 17 luxury residences within the Canyon Ridge Estates community in Cave Creek.

The builder paid just under $4.073 million ($239,583 per lot) to acquire the finished lots, which range from 1 + to 7.2 acres.

The home sites encompass 37.94 acres of land located northwest of Cave Creek Road and Carefree Highway. The seller was Proffitt Investment Holdings LLC in Fountain Hills (Kathryn Proffitt, principal).

Continued:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.