Richmond American buys 19.08 acres in Maricopa for $11.2M

Real Estate | 14 Jun, 2021 |

Richmond American Homes bought 19.08 acres of land in Maricopa for $11,162,500, according to the commercial real estate tracking website Vizzda. The price breaks down to $585,036.69 per acre.

The land is located at the northeast corner of John Wayne Parkway and Smith Enke Road in Maricopa.

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The seller was Harvard Investments.

The broker was Nate Nathan of Nathan & Associates.

The land is part of the Rancho El Dorado Phase III development in Maricopa. The 19.08 acres of land is divided into 95 lots, with a sale price that corresponds to $117,500 per lot.

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