By InBusiness Phoenix
Luxury builder Camelot Homes has started work on two of Scottsdale’s newest upscale neighborhoods. The company intends to build 75 homes across two developments: the Edge at Joy Ranch and Villas II at Desert Mountain. The communities, located about 4 miles apart, are expected to add to the luxury housing stock in the Desert Mountain area — a neighborhood with a large concentration of high-end homes.
More than 80% of homes within Desert Mountain carry a value of $2.4 million or greater, according to Homes.com data. The price point for both the Edge at Joy Ranch and Villas II will be right at that mark; Camelot is offering floor plans that start at $2.3 million.
The Edge at Joy Ranch is planned to have 52 lots on nearly 78 acres near Lone Mountain Parkway and Joy Ranch Road, just outside the Desert Mountain boundaries in Scottsdale.
Villas II, meanwhile, is the second phase of Camelot’s development near Cave Creek and Pima roads. The first 49 lots in the first phase have sold out. The focal point of the Villas community, which it describes as a “lock and leave golf community,” is the No. 7 at Desert Mountain golf course. The 23 homes, as part of the second phase, will back the golf course.
Building permits were issued by the city of Scottsdale in July for a handful of homes in each community. Those homes are “field models” or spec homes for a buyer looking to move in sooner, Leela Smith, Camelot’s director of sales, told Homes.com in an interview.
