By Karen Schutte | Real Estate Daily News
MARANA, ARIZONA — DR Horton, Inc. purchased the balance of the lots at The Village at Barnett. The second phase consisted of 146 platted and engineered lots that were purchased for $5,000,000 ($34,246/platted lot). The seller in the transaction was RB Land Barnett Partners, LLC (Randy Bury, Manager). DR Horton purchased phase one of the project in September of 2020.
Bury comments, “The continuing strong demand for new housing in North Marana has depleted the number of new buildable communities. I expect this to continue in this sub-market for the next 3-4 years as interest rates remain low, people increasingly work from home and discover the wonderful lifestyle available in Southern Arizona.”
The transaction was handled by Will White and John Carroll of Land Advisors Organization in Tucson.
