April 25, 2024 4:50 am
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Three big Oro Valley land parcels sold; valued at $9.2 million

By Roger Yohem

Inside Tucson Business

Rancho“This is the year of the resurgent homebuilders market,” insists land broker Will White in light of three large land sales that closed in recent weeks.  Together, the deals are valued at $9.2 million.

The surge in land acquisitions was led by national builders Lennar Arizona, Richmond American Homes and Maracay Homes. Plus, a California-based investment company increased its holdings in the Rancho Vistoso master-planned community that is located in Oro Valley.

A partnership of Lennar and Richmond American made the largest purchase: 165 platted lots at Mountain Vail Estates on Mary Ann Cleveland Way for $4.3 million. The seller was MC 140 LLC, an affiliate of Diamond Ventures Inc.

For $2.4 million, Richmond bought 88 lots and for $1.9 million, Lennar bought 77 lots. The 135-acre master-planned community in Vail has about 500 home sites overall.

Continued: 

Also: Gladden Farms sold to NY developers

If you’d like to discuss real estate matters, contact RLG founder Jordan Rose, jrose@roselawgroup.com

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