Record Land Sale
Hi,
There is so much going on that we forgot to tell you about a record land sale last week in the Desert Ridge Master Planned community. Gray Development, which held the previous per acre price record, paid over $1million per acre for a 32 acre site at the NE corner of 56th Street and Loop 101. The site is zoned multi-family, and Gray is expected to build condos on it, with construction possibly starting by the end of the year. The previous record was $780,000 per acre for a parcel near the JW Marriott Desert Ridge Resort. Based on the land price, it is expected that the condos will start around the $500,000 mark.
Whether you are looking for single family, or condos like this, feel free to give us a call. We will be happy to assist you.
Adam Tarr, ePRO, Associate Broker
Sharon Kotula, ABR
Your Phoenix Area Real Estate Source
RE/MAX Excalibur
Scottsdale, AZ
info@WeAreAZRealEstate.com