ARIZONA NEWS

Mike Lafferty to develop 25-acre ranch with racetrack, apartments on former Arizona gold mine

Nov 4, 2023, 8:00 PM

This 25-acre vacant land parcel will be home to a residential ranch project designed by Valley deve...

This 25-acre vacant land parcel will be home to a residential ranch project designed by Valley developer Mike Lafferty. (Lafferty Development Photo)

(Lafferty Development Photo)

Mike Lafferty, founder of Phoenix-based Lafferty Development, has big plans for a 25-acre parcel in Prescott.

Lafferty, who paid $1.1 million for the vacant land in December 2021 after a bank had foreclosed on the property, plans to build his 4,000-square-foot forever home on what he named Lafferty Ranch, which backs up to more than 100 acre of open space.

The property features a seasonal creek that attracts deer, coyotes, lynx, bobcats, mountain lions and black bears, all of which have been sighted in the area.

The land at 3910 SR 69 highway is five miles from the historical downtown area of Prescott.

“The property has been set up as a dynasty trust property including both of my daughters, Kennedy Lafferty Phillips and Isabella Lafferty, and my niece Patty Lafferty Peagler,” Lafferty said.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

This rendering shows what the Mesa Grandview Business Park will look like upon completion. (Photo v...

Serena O'Sullivan

Construction starts on 270,000-square-foot industrial development in Mesa’s Falcon District

Several companies related to the Mesa Grandview Business Park gathered with city officials for the groundbreaking of the industrial development.

2 hours ago

CarMax, the nation’s largest used vehicle seller, is hiring after announcing a new reconditioning...

David Veenstra

CarMax hiring for new West Valley reconditioning and auction center

CarMax, the nation’s largest used vehicle seller, is hiring after announcing a new reconditioning and auction center in the West Valley on Thursday.

3 hours ago

Emergency air medical base opens at Abrazo West Campus Goodyear...

Serena O'Sullivan

New emergency helicopter base opens at West Valley hospital

A new emergency air medical base in Goodyear will expand the presence of life-saving care provider Air Methods, the company said on Wednesday.

5 hours ago

DOGE access lawsuit...

KTAR.com

Arizona to sue over DOGE access to government payment systems containing personal data

Arizona is about 12 states that plan to sue over DOGE access to government payment systems containing personal data

6 hours ago

Arizona Gov. Katie Hobbs called for increased state firefighter pay on Thursday during an event to ...

Kevin Stone

Arizona governor calls for pay raise for firefighters while honoring those who battled LA wildfires

Arizona Gov. Katie Hobbs called for increased state firefighter pay while honoring the task force members who helped battle the Los Angeles wildfires.

8 hours ago

free wigs...

Kevin Stone

Arizona cancer support group opening free wig salon in Phoenix

An Arizona cancer support organization is launching an initiative to provide patients and survivors experiencing hair loss with free wigs.

10 hours ago

Sponsored Articles

...

Collins Comfort Masters

Collins Comfort Masters: Your go-to plumbing experts in Arizona

Collins Comfort Masters, a trusted name in HVAC, water and plumbing since 1985, is you go-to plumbers for the residents of Phoenix and the Valley.

...

Bright Wealth Management

How IRAs are a helpful tool in retirement planning

When it comes to retirement planning, individual retirement accounts (IRAs) can be a great tool for income growth.

...

Schwartz Laser Eye Center

Don’t miss the action with this game-changing procedure

PHOENIX -- The clear lens exchange procedure has emerged as a popular alternative to LASIK eye surgery.

Mike Lafferty to develop 25-acre ranch with racetrack, apartments on former Arizona gold mine