November 24, 2024 7:24 pm
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DR Horton plans 177 new homes in Vail

By Karen Schutte | Real Estate Daily News

TUCSON, ARIZONA – The Estates at Old Spanish Trail closed out its final lots to DR Horton. Cornerstone Homes at Old Spanish Trail (Buddy Parks, manager) sold its final lots in this Vail subdivision in two transactions.

DR Horton bought 8 SFR lots from Cornerstone Homes at Old Spanish Trail for $700,000 ($87,500 per lot). The lots were finished and sold directly to DR Horton ready to build.

Another 35 partially developed lots with common area sold to Forestar (USA) Real Estate Group for $1.1 million ($31,428 per lot). Forestar will finish these and land bank for DR Horton in this 115-lot subdivision.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.