ARIZONA NEWS

National homebuilders buy over 700 West Valley homesites in Estrella community

Oct 16, 2024, 5:00 AM | Updated: 6:09 am

Estrella master-planned community in Goodyear...

Developers announced the sale of 719 homesites to three national homebuilders in two of Estrella's villages on Oct. 7, 2024. (Estrella Development Company Photo)

(Estrella Development Company Photo)

PHOENIX — In a significant development for the Estrella master-planned community in Goodyear, national homebuilders have purchased a total of 719 homesites across two villages.

Three national builders bought the homesites in Montecito and Lucero: Richmond American Homes, Lennar and Brightland Homes.

Richmond American Homes has purchased lots in both Montecito and Lucero villages.

In Montecito, Richmond American and Lennar both bought a total of 508 homesites. The sales, which closed on Sept. 30, include lots ranging in width from 47 to 65 feet.

In Lucero, Brightland Homes and Richmond American acquired a total of 211 homesites, with housing models expected to open in early 2025.

What does Estrella master-planned community in Goodyear offer?

Jeff Zimmerman, the Estrella Development Company’s vice president of development, said this is good news for the region.

“The West Valley booms with quality employment and more commercial, entertainment and retail offerings than ever before,” Zimmerman said in a news release.

This makes it prime real estate for buyers and builders, he added.

“Homebuilders have definitely turned their attention to the neighborhoods Estrella can offer,” Zimmerman said.

The Montecito and Lucero villages are two of eight total neighborhoods within the Estrella community. The other six neighborhoods are:

  • Acacia Foothills I.
  • Acacia Foothills II.
  • Solvida.
  • Vidrio.
  • Beacon.
  • Cantamia 55+.

“We have great schools from pre-K through high school within Estrella,” Zimmerman said. “With tons of amenities already in place, it makes Estrella’s new homes even more attractive to homebuyers.”

Where exactly is the Estrella master-planned community in Goodyear?

The massive development is in the foothills of the Sierra Estrella Mountains, which are south of the Interstate 10 in Goodyear.

It’s also adjacent to the 19,000-acre Estrella Regional Park.

The managing partner of Estrella is Harvard Investments.

“We have invested millions of dollars into the community to improve the experience in every way,” Tim Brislin, the president of Harvard Investments, said in the release. “We’ve added new parks, improved signage, upgraded the golf experience and contributed significantly to refreshing the club experiences, to name a few.”

The Estrella community is home to more than 8,200 families.

It has 72 acres of lakes, a yacht club, two clubs with pools, fitness centers, restaurants and a water park area for kids to play in. There are also over 50 community parks and 65 miles of hiking and biking trails.

“These significant new lot purchases confirm the builders’ confidence in Estrella today, and further cement Estrella’s reputation as a sought-after development that builders can invest in,” Brislin said.

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National homebuilders buy over 700 West Valley homesites in Estrella community