(Disclosure: Rose Law Group represents Meritage.)
By Real Estate Daily News
Tucson, Arizona (October 6, 2023) — Meritage Homes has successfully closed the Tucson region’s most significant lot acquisition in 2023 comprising of 172 platted and engineered lots within the Rocking K Master Planned Community (MPC) in Vail. These paper lots in the Mountain View neighborhood were secured at a purchase price of $10,225,500. averaging $59,450 per lot. The seller in the transaction was Rocking K Development Co., led by Diamond Ventures, Inc., David Goldstein, President.
These newly acquired lots, measuring 45′ X 120′, represent Meritage Homes’ inaugural entry into the Rocking K project, solidifying their presence alongside a robust roster of esteemed homebuilders, including Lennar, Richmond American, KB Home, Pulte, Del Webb, and Moderne homes for rent. Furthermore, this addition introduces a new lot size segment to complement the existing offerings. Rocking K currently commands one of the region’s most diverse master-planned communities in product type and offerings.
Spanning nearly 5,000 acres, the Rocking K Master Plan stretches south of Old Spanish Trail and borders the Rincon Mountains and Saguaro National Park to the north. Notably, it falls within the renowned Vail School District and enjoys close proximity to employment, retail, and services in southeast Tucson. The Rocking K community is home to a diverse array of homebuilders and residential product types, and it has garnered recognition among the region’s homebuilders for its exceptional master-planned community attributes, evident through robust sales and pricing.
