Ahwatukee State Trust Land on the block May 26

The State Trust Land parcel in Ahwatukee is largely zoned for single-family residential construction with a maximum 3.5 homes per acre. The lower right corner is zoned for multifamily and commercial. State Land Department

By Paul Maryniak | Ahwatukee Foothills News

The state Land Department has set May 26 for an auction of 373 acres along Chandler Boulevard between 19th and 27th avenues, paving the way for the eventual construction of as many as 1,050 new houses as well as an undetermined number of apartment or condo units and some commercial development.

While the starting price is $105 million, the department is hoping for a robust turnout at the live auction that will drive up the price.

That’s not an unrealistic expectation, given three factors: the critically low inventory of homes for sale, the parcel’s ideal location in a high-quality community abutting the South Mountain Freeway and the required zoning for homes, multifamily units and commercial already in place.

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