By Real Estate Daily News
KB Home closed on 8.31 infill acres for a new subdivision called Cielo Reserve near Valencia & Campbell in Tucson. The purchase price for the property was $1,700,000 ($33,333 per lot). The City of Tucson approved a tentative plat and grading plan on December 20, 2024. The approved tentative plat allows for 51 homesites, 40’x110’ in size.
The transaction closed on January 14, 2025.
Alan Murdock, a licensed broker with Realty Executives who represented himself in the transaction, was the seller. Michelle Alarid, KB Home VP, Regional Counsel, and Bobbi Raymond at Fidelity National Title managed the purchase and sale agreement for the buyer and seller.
In the last 45 days, KB Home has successfully completed three (3) land transactions in Vail, Sahuarita, and now Tucson.