Meritage reloads at La Estancia / Richmond continues acquisition surge this time at Dove Mountain

MeritageBy Karen Schutte | Real Estate Daily News

Meritage Homes acquired 142 SFR lots at La Estancia having almost completed its first phase of 195 lots in this new master planned community since opening in June 2016.

The seller, SBH La Estancia, an affiliate of Sunbelt Holdings, sold the lots for $6.25 million, or $44,000 per finished lot and $1,100 per front foot. Meritage homes range from 1,612- to 2,917-square-feet.

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