Land Advisors Organization Scottsdale announced the sale of 154 partially-improved lots within the master-planned community of Tortosa, which is located in Maricopa, Arizona. The property sold for $4.95 million to KB Home and is near the NEC of Hartman Road and Bowlin Road.
The sale was arranged on behalf of the seller by Bret Rinehart, Ryan Semro, Ben Heglie and Greg Vogel, who specialize in home builder developments and master-planned communities throughout Arizona for Land Advisors Organization’s Metro Phoenix office. The firm continues to advise clients on this product type and is working on several similar projects in the area.
“It was our pleasure assisting the seller in the sale of these lots to KB Home,” Semro said. “We expect KB Home to be a wonderful addition to an already stout builder lineup at Tortosa, which already includes Ashton Woods, Starlight Homes, and DR Horton.”
Approximately 40 miles from Downtown Phoenix, the Tortosa master-planned community is ideally located minutes from State Route 347 with shopping and dining nearby. The family-friendly community also offers residents lifestyle amenities including playgrounds, bike trails, basketball and volleyball courts, as well as several parks.