Here are the 10 biggest land deals from May

Real Estate | 4 Jun |

Here’s how hot the Arizona land market is right now: Mangat Group, a Glendale-based land development group, bought a parcel of land in Buckeye valued at $2.5 million at the beginning of March. By the end of the month, that same piece of land was in escrow for $5.6 million. The Metro Phoenix commercial real estate sector continues to stay red hot in 2021, as evidenced by the biggest land deals from May, according to data collected by the commercial real estate tracking website Vizzda.


READ ALSO: Here’s the outlook for land and housing in 2021


Here are the 10 biggest land deals from May:

1. Stonehaven Phases 2 & 3 (proposed): $29,500,000

Size: 165.78 acres

Location: NEC of 91st Ave. and Camelback Rd., Glendale

Buyer: Taylor Morrison

Seller: Jacob F. Long

Broker: Land Advisors

2. Lagoon Water Park (proposed): $27,000,000

Size: 48.38 acres

Location: SEC Loop 101 and Bethany Home Rd., Glendale

Buyer: Epic Adventures

Seller: Seldin Real Estate

Broker: Nathan & Associates

3. Madera West Estates (proposed): $25,417,725.75

Size: 73.91 acres

Location: SEC Queen Creek and Crismon roads, Queen Creek

Buyer: Richmond American Homes

Seller: Communities Southwest

Broker: Nathan & Associates

4. SEC Estrella Pkwy. and Yuma Rd.: $23,000,000

Size: 155.79 acres

Location: Goodyear

Buyer: Fulton Homes

Seller: SunChase Holdings

Broker: Land Advisors

5. SEC Thompson Road and Hunt Highway: $20,312,797

Size: 85.36 acres

Location: San Tan Valley

Buyer: Mattamy Homes

Seller: McRae Group of Companies

Broker: Nathan & Associates

6. 23742 N. Central Ave.: $16,156,404

Size: 37.1 acres

Location: Phoenix

Buyer: Copart

Seller: Domres Grading Inc.

7. NEC 163rd Avenue and Happy Valley Road: $14,375,000

Size: 125 acres

Location: Surprise

Buyer: Meritage Homes

Seller: Wittrock Land 1 LLC

8. Mystic at Lake Pleasant Heights: $14,186,250

Size: 126 lots

Location: Peoria

Buyer: Lennar Homes

Seller: Avanti Properties Group

Broker: Land Advisors

9. Taylor Morrison at Ellsworth Ranch Phase 1 (proposed): $12,412,200

Size: 98.57 acres (287 platted and engineered lots)

Location: NWC of S. Ellsworth Rd. and E. Chandler Heights Blvd., Queen Creek

Buyer: Taylor Morrison

Seller: EIP Ellsworth Feedlot LLC

Skyview (Tempe): $12,200,000

Size: 2.64 acres

Location: 855 South Rural Road, Tempe

Buyer: American Campus Communities

Seller: Golub Real Estate Investments

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