During Belfiore Real Estate Consulting’s most recent survey in its I-17 and 101 Submarket, Taylor Morrison’s Desert Wind Discovery Collection had sold out. Located off 20th Street and Bell Road, Taylor Morrison started pre-selling these 27 – 45’ x 115’ lots on February 1, 2014. Most of the homes in this area are built on small lots or are attached units, and Taylor Morrison benefited by being the only active builder providing a traditional single-family detached community in this submarket.
According to public record, Taylor Morrison purchased these partially improved lots on April 30, 2013 for $1,155,044 (Click here to view affidavit). This subdivision’s starting base prices on Belfiore’s February survey ranged from $199,990 – $247,990 and this most recent survey ranged from $213,990 – $262,990.