Home buyers are seeking out Pinal County’s premier master-planned community, The Lakes at Rancho El Dorado. Each year, industry leader RCLCO Real Estate Advisors conducts a national survey identifying the top-selling master-planned communities in each major metropolitan area. According to their January 4, 2023, year-end report, home sales at The Lakes at Rancho El Dorado in 2022 were the highest of any Arizona master-planned community (MPC). The Lakes at Rancho Eldorado was also the 29th fastest selling MPC in the nation for 2022. Harvard Investments, an Arizona-based real estate investment and development company is the developer of the 640-acre master-planned community in the thriving city of Maricopa, south of Phoenix.
“We’re proud to be a leader in Arizona home sales, but it is even more gratifying to see the incredible individuals and families that have chosen to call The Lakes at Rancho El Dorado home,” said Tim Brislin, Senior Vice President of Harvard Investments. “Early on we recognized its tremendous potential as a rare lake community in the Phoenix, AZ MSA, ideally located near the I-10 freeway, top-ranked schools, Copper Sky Recreational Complex and close to key employers in Chandler, Gilbert and Phoenix. We also saw the City of Maricopa as an incredible place to live.”
According to the report, as of December 31, 2022, recorded home sales at the two top-selling Arizona master-planned communities are as follows:
1. The Lakes at Rancho El Dorado (Maricopa, Ariz.) – 457 sales
2. Eastmark (Mesa, Ariz.) – 363 sales
The Lakes at Rancho El Dorado in Maricopa features a 40-acre lake amenity allowing the community to offer premium lake lots, some with attached RV garage options and multiple floor plans. Off-lake neighborhoods feature parks with amenities including sport courts, playgrounds and walking paths. The Lakes offers new homes from Richmond American Homes, Meritage, Gehan, K. Hovnanian and DR Horton.
RCLCO shared, “Every year since 1994, RCLCO Real Estate Consulting has conducted a national survey identifying the top-selling MPCs through a rigorous search of high-performing communities in each state. This initiative exists not only as a way to commend the most successful communities in the country, but also as a tool for monitoring the overall health of the for-sale housing industry, a means of locating markets with the most significant residential momentum, a process for highlighting the trends affecting communities large and small, and a medium through which to learn development best practices and pass along lessons learned from the MPCs that have pioneered their way into the top ranks. The ranking of top communities is based on total home sales as reported by each community.”
For 2022, RCLCO surveyed MPCs throughout the country to establish the updated rankings (following the past release of The Top-Selling Master-Planned Communities of Mid-Year 2022). Read the full, detailed report of The Top-Selling Master-Planned Communities of 2022 online at https://www.rclco.com/publication/the-top-selling-master-planned-communities-of-2022/
In addition to The Lakes at Rancho El Dorado, Harvard Investments’ current master planned residential communities include Estrella in Goodyear, Verde Trails in Avondale, Desert Oasis in Surprise, Fox Creek in Bullhead City, Mariposa located near Albuquerque, NM, and Gregg Ranch outside Austin, TX. Harvard’s FirstStreet™ single-family rental properties currently include FirstStreet™ at Happy Valley in Phoenix, FirstStreet™ at the Ballpark in Goodyear, AZ, and Quarter on Simmons in North Las Vegas, with several more in the planning pipeline. Additional Class A office, investment properties and commercial real estate projects are found in Arizona, Colorado, Nevada, New Mexico and Texas. Learn more about Harvard Investments at: https://www.harvardinvestments.com