November 21, 2024 10:38 pm
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Richmond American nabs another 117 home sites at Mountain Vail Estates for $3.99 Million

 

By Karen Schutte | Real Estate News Daily

TUCSON, Arizona — Richmond American Homes, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC) purchased 41-platted and engineered lots at Mountain Vail Estates in southeast Tucson for $1.25 million ($30,482 per lot). Richmond has been open and selling homes here since March, after closing on the first 50-lots. This was phase two of the option agreement.

The seller had re-platted the lots and were reported to be about 80 percent 50’x 115’ and 10-15 percent 60’ wide lots in Mountain Vail Estates, a 155-acre community in southeast Tucson with a 7.5-acre park and Esmond Station K-8 school in the award-winning Vail School District, that opened in 2014. Richmond has two models it is offering here.

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