By Karen Schutte | Real Estate Daily News
TUCSON, ARIZONA — Ocotillo Ridge (Tucson) ASLI IX, LLC along with Mark Voigt and Dave Rogers of Voyager Investment Properties in Phoenix closed on 217 acres in the Santa Rita foothills area of southeast Tucson for $2.85 million($13,134 per acre).
The seller in the transaction was H&A LLC, (Charlie Trayers, Manager). Located on south Houghton Road at the base of the Santa Rita mountains, the property is in The Corona de Tucson submarket and home to several active projects, including Santa Rita Ranch, Sycamore Vista, and Sycamore Canyon.
The new group is underway with a new subdivision plat that will maximize the property, planning for more traditional production lot widths and depths. The project will be named Ocotillo Ridge and is estimated to have over 600 lots ready near the end of 2021. Located in the foothills of the Santa Ritas, the property’s elevation provides for panoramic views of the city and large corridors of open space. This redesign will produce lots at a time when the Tucson lot supply, especially in the southeast, Vail submarket is rapidly decreasing.