DR Horton bought 33.75 acres of land in Maricopa for $12,834,000, , according to the commercial real estate tracking website Vizzda. The seller was Harvard Investments.

The land is located near the northeast corner of John Wayne Parkway and Smith Enke Road in Maricopa. The land is part of the Lakes at Rancho El Dorado residential community and the plan is divide the land into residential lots.

Lakes at Rancho El Dorado offers not only exceptional homes but also exciting amenities, including a lake for fishing, a variety of sports courts, playgrounds, trails, skate and dog parks, a fitness center and more.

DR Horton, Inc. is a home construction company incorporated in Delaware and headquartered in Arlington, Texas. Since 2002, the company has been the largest homebuilder by volume in the United States. The company ranked number 194 on the 2019 Fortune 500 list of the largest United States corporations by revenue.