Estrella Partners LP, comprised of Harvard Investments, Toll Brothers, and Värde Partners, announced that Taylor Morrison closed on 20.37 acres in Lucero at Estrella. Greg Vogel, Ryan Semro and Bret Rinehart of Land Advisors Organization facilitated the transaction.

“Since our purchase of Estrella in October 2021, Harvard Investments and our partners at Toll Brothers and Värde Partners have been actively planning the future of this incredible master-planned community,” said Tim Brislin, vice president of Harvard Investments. “This latest addition to Lucero at Estrella represents the first of many new neighborhoods as we aim to make Estrella the true heart of the West Valley. We believe in Taylor Morrison’s vision and know they will continue elevating the level of quality and unique designs homebuyers seek in the West Valley today.” 

READ ALSO: 18,000 acres in Estrella master-planned community sold for $212.5M

The Taylor Morrison transaction includes 67 final platted lots that will be available to buyers at the end of 2022.  Taylor Morrison, which already offers homes in Lucero and CantaMia 55+ at Estrella, has plans to include one of their new series of floorplans in this second phase of Lucero at Estrella.

Located just 17 miles west of Phoenix, the Estrella master-planned community is already home to more than 7,000 families and includes multiple Residents’ Clubs, resort-style pools and a waterpark, 72 acres of lakes, 50-plus miles of paths and trails, the Yacht Club of Estrella, the award-winning Nicklaus Design course at the Golf Club of Estrella, community welcome center Casa Lucero, and more than 40 signature and neighborhood parks. 

“We were honored to complete this exciting transaction for Estrella,” said Bret Rinehart, residential land and lot advisor for Land Advisors Organization. “The partnership group of Harvard Investments, Toll Brothers and Värde Partners have big plans for the future of one of the West Valley’s most amenity rich master-planned developments and our residential land team at Land Advisors is thrilled to be a part of its continued growth.” 

“We are excited to bring Taylor Morrison back to Lucero at Estrella further exemplifying our continued investment in the Estrella community.  Lucero will complement CantaMia, our award-winning 55+ community already within Estrella,” said Steven Hahn, senior vice president of land for Taylor Morrison.

To learn more about Estrella, visit estrella.com