Strong demand continues at La Estancia as Meritage Homes closes on second deal

By Karen Schutte | Real Estate Daily News

Meritage Homes closed on 105 additional lots at La Estancia for $5,788,125 ($55,125 per finished lot) or $1,225 per finished front foot. This is the second purchase for Meritage there in less than 30 days. The lots are 45’x115’ an located on the opposite side of the community from Meritage’s earlier purchases.

In September, Meritage acquired 47 lots of 40’x115’ in size and at $1,208 per finished front foot or $2,257,040 ($48,022 per lot). La Estancia is a 565-acre residential community located along the I-10 corridor between Wilmot Road and Kolb Road, and offers residents access to the nearby Julian Wash trail system.

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