(Disclosure: Rose Law Group represents Meritage Homes.)
By Karen Schutte | Real Estate Daily News
MARANA, ARIZONA (September 15th, 2023) — Meritage Homes closed on the 150-lot Summerstone plat in the infill area of Continental Ranch. Meritage paid $4,500,000 ($30,000 per lot). Coachline 2020, LLC, an affiliate of Crown West Land Group – Dean Wingert, President, sold the lots. The transaction closed on September 11, 2023.
The new community of Summerstone consists of 41 acres fronting Coachline Boulevard, close to the Continental Ranch master-planned community in the northwest submarket. The lots are less than two miles from major retail services and less than three miles from Interstate 10 and the Tucson Premium Outlets. The project sold partially graded and platted for 150 – 40’x120’ residential lots. It also features an extraordinary amount of open space, with over 11 acres planned for pocket parks and walking trails.
Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction.
