33 lots in North Phoenix sell for more than $5M

33 lots in North Phoenix sell for more than $5M

Article originally posted on AzBigMedia on April 4, 2021
 
 
 
 
Taylor Morrison, the nation’s fifth largest homebuilder and developer based in Scottsdale, bought 17 lots in North Phoenix for $2,858,095, according to the commercial real estate tracking website Vizzda. The cost of the land, located at the northeast corner of Cave Creek Road and Deer Valley Drive in Phoenix, breaks down to $168,123.24 per lot.
 

In a separate transaction, Pulte Homes, the third-largest home construction company in the United States based on the number of homes closed, bought 16 lots in the same North Phoenix area for $2,173,421, according to Vizzda. The cost of the land, located at the northeast corner of Cave Creek Road and Deer Valley Drive in Phoenix, breaks down to $135,838.81 per lot.

The seller of all 33 lots was Cave Buttes Development Partners.

The lots are all part of the Sky Crossing development.

Taylor Morrison Home Corporation has been recognized as America’s Most Trusted Home Builder for six years running (2016-2021). Operating under a family of brands including Taylor Morrison, Darling Homes, William Lyon Signature Home and Christopher Todd Communities built by Taylor Morrison, the company serves consumer groups coast to coast, from first-time to move-up, luxury and 55-plus buyers.