Land Advisors Organization’s Homebuilding Team announced the closing of nearly 80 acres of land in Coolidge to Richmond America Homes and Oakwood Homes for nearly $27.5 million.
The sale delivers 372 finished residential home lots and is the second of a two-phase sale to these builders in the Cross Creek Ranch community, located in Coolidge, Arizona. The first phase, which closed in January of 2021 for just over $16 million, included 309 finished lots in the same development.
READ ALSO: 5 Arizona housing market predictions for 2021
Cross Creek Ranch is located south of AZ-87 and just east of NEC West Vah Ki Inn Road and North Skousen Road, adjacent to the Casa Grand National Monument, in Pinal County. This month’s closing of these 372 finished lots marks the sale of the last investor-owned finished lots available in the city of Coolidge.
Land Advisors Organization’s Homebuilding Team of Ben Heglie, Bret Rinehart and Ryan Semro represented the buyer in the transaction.
“It’s very rewarding to be part of the growth that Pinal County is experiencing,” Heglie said. “With this purchase of the last remaining investor-owned finished lots in the city of Coolidge, builders will have to shift their focus towards securing unimproved land to meet demand as our growth corridor expands further southeast of metro Phoenix. It’s exciting to see builders returning to Coolidge.”
Land Advisors Organization’s Arizona Homebuilding team facilitates sales on behalf of landowners with virtually every major home builder in the market. The team specializes in home builder developments, multi-family communities and master-planned communities across Arizona.
