Lennar acquires 232 home sites for $17.6M

Lennar has renewed sales at its master planned Asante community in northwest Surprise almost a year ago. /Submitted photo

AZBigMedia

Land Advisors Organization Scottsdale team of Ryan Semro, Bret Rinehart, Ben Heglie, Greg Vogel and Mike Schwab represented the Sellers, HE Capital Phase 1 Property LLC (Dallas, TX) in the recent cash transaction completing the purchase of 232 home sites in Surprise, AZ to Lennar Arizona for $17.6+ million.

Of the 232 lots, 112 average 7,200 sq. ft. (60×120) and 120 of the home sites average 8,750 sq. ft. (70×125). Lennar intends to build on the smaller home sites to continue the 212-lot neighborhood called Horizon at Asante. Current pricing in the Horizon subdivision is from the mid-$200,000’s to the low $300,000’s. The larger lots, or a portion of the larger lots, may be sold.

READ ON:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories