May 4, 2024 11:40 pm
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See what a builder is doing with prime land in North Scottsdale

Wikicommons/Nicholas Hartman/Phoenix Business Journal

By Mike Sunnucks | Phoenix Business Journal

Toll Brothers Inc. (NYSE: TOL) has some pricey plans for land it just bought in North Scottsdale.

The home builder recently bought 40 acres of land in North Scottsdale.

The sale price was $5.5 million and the land is at 118th Street and Jomax Road.

That is near Troon North, the McDowell Sonoran Preserve and the McDowell Mountain Regional Park in a prime area of North Scottsdale.

Kari Laszlo, senior marketing manager for Toll Brothers, said the Pennsylvania-based builder plans on developing homes on 1 acre lots or more.

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