By Real Estate Daily News
Insight Investment Company, c/o Insight Homes, purchased approximately 36.44 acres of vacant residential land at the southwest corner of North La Cañada Drive and West Moore Road in Oro Valley for $3,525,000.
The sale equated to approximately $96,734 per acre or $117,500 per lot, based on a preliminary plat for 30 single-family residential lots. The property is located at 12701 N. La Cañada Drive in Oro Valley’s northwest submarket.
The seller was The Estate of Dewanne D. Hopson. The buyer was Insight Investment Company, c/o Insight Homes, located at 3561 E. Sunrise Drive, Suite 201, Tucson.
According to the broker, the property was annexed into Oro Valley, master-planned, rezoned, and engineered with a preliminary plat over approximately three and a half years, beginning in September 2022, at the buyer’s cost and expense. The preliminary plat includes 30 lots on the 36-acre site.
