ARIZONA NEWS

Scottsdale developer sells lots to homebuilders at $2.1B Pinal County project

Dec 27, 2023, 4:05 AM

Another big chunk of land in northern Pinal County has been sold to three homebuilders. (Photo by B...

Another big chunk of land in northern Pinal County has been sold to three homebuilders. (Photo by Brian Snider)

(Photo by Brian Snider)

El Dorado Holdings Inc. just closed on a major transaction, selling 461 lots to homebuilders at its massive $2.1B master-planned community in Pinal County, south of Phoenix.

The Scottsdale-based developer sold the finished lots within Bella Vista Farms in San Tan Valley for a total of $55.7 million.

Scottsdale’s Meritage Homes Corp. (NYSE: MTH) bought the largest chunk of lots on three parcels, while The New Home Co. and Atlanta-based Beazer Homes each bought a single parcel.

Nate Nathan, Courtney Buck, Ryan Duncan, and Dan Baldwin from Nathan & Associates represented the buyers and seller.

“Bella Vista lies directly in the path of the future growth of the southeast Valley,” said Nathan, president and designated broker for Nathan & Associates. “As Mesa builds out, the San Tan Valley has become a very important part of future growth. It will be serving housing for all the new employment popping up north and south of San Tan Valley.”

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

Mesa man smiles for picture!...

KTAR.com

Silver Alert issued for Mesa man with cognitive disability

A silver alert was issued Sunday night for a Mesa man with a cognitive disability last seen in Mesa, authorities said.

52 minutes ago

The Grand Canyon Railway returns on March 2. (Grand Canyon Railway)...

David Veenstra

Grand Canyon Railway to run train pulled by steam engine on select dates this year

The Grand Canyon Railway is set to return on March 2 and continue for the first Saturday of each month through October.

2 hours ago

Downtown Chandler BBQ festival 2024...

Serena O'Sullivan

Downtown Chandler BBQ Festival bringing beer, music, games, smoked meats this weekend

Whiskey, beer, live music and games are in store for the Downtown Chandler BBQ Festival at the Dr. A.J. Chandler Park East on March 2 and 3.

2 hours ago

The Tempe Gateway building at 222 S. Mill Ave. will be home to some new tenants. (Kevin Korczyk Pho...

Ron Davis/Phoenix Business Journal

Ports America signs lease at Tempe Gateway following renovations

Activity is picking up following a significant renovation of the common area spaces at Tempe Gateway, including Ports America.

3 hours ago

Water conservation rebate program expanding in city of Surprise...

Serena O'Sullivan

City of Surprise offering new water rebates for turf removal, landscapes and irrigation controllers

The city of Surprise is expanding its water conservation rebate program. These rebates are available through May 1, 2026.

11 hours ago

Fatal Phoenix hit-and-run still at large, MCSO says...

Serena O'Sullivan

Truck driver who struck jogger in fatal hit-and-run still at large, MCSO says

A jogger died after a hit-and-run in New River on Saturday at around 10 a.m. Officials have found the vehicle but not the suspect.

13 hours ago

Sponsored Articles

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

...

Collins Comfort Masters

Avoid a potential emergency and get your home’s heating and furnace safety checked

With the weather getting colder throughout the Valley, the best time to make sure your heating is all up to date is now. 

...

Canvas Annuity

Interest rates may have peaked. Should you buy a CD, high-yield savings account, or a fixed annuity?

Interest rates are the highest they’ve been in decades, and it looks like the Fed has paused hikes. This may be the best time to lock in rates for long-term, low-risk financial products like fixed annuities.

Scottsdale developer sells lots to homebuilders at $2.1B Pinal County project