November 5, 2024 12:51 am
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Pulte Homes buys big in Rancho Vistoso

By Real Estate Daily News (Submitted Photo)

ORO VALLEY, ARIZONA — Pulte Homes closed on 227 lots (50’X120’, 60’X125’ and 70 X125′) in the Rancho Vistoso Master Planned Community for $12.5 million ($55,066 per lot). The platted and engineered lots were purchased from JEN Arizona 34, LLC (Terrawest Communities, Mike Jesberger).

The plat, known as Tranquilo, is located directly off Rancho Vistoso Boulevard and surrounded by expansive open space, with panoramic views of Pusch Ridge and the Catalina Mountains. The master-plan has been a top performing community in the Oro Valley area for decades.

This closing represents one of the top bulk purchases of 2021 for the Tucson market and is a continuing example of the strength of the housing market. The lots were completely approved, and Rancho Vistoso is widely considered a top tier location.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.