8 November 2017, TUCSON, Arizona – Sunbelt Holdings, the developer of La Estancia, a 556-acre, 2,500-lot master planned community, has sold 350 lots in 2017 with Meritage, Richmond and now Lennar Homes there.
La Estancia has sold more lots than any master planned community in metro Tucson, making it the best performing community for lot sales this year. Residents benefit from community amenities including a sparkling pool, splash pad, shaded ramadas and play equipment, ready for use. Future plans include sports fields and more.
Lennar closed on 112-lots for $6.16 million, or $55,000 per finished lot and $1,100 per front foot.
Senior Vice President at Sunbelt Holdings, Bob Bambauer* who oversees the La Estancia project told us that due to the increased demand for the 50-wides, they intend to replat the 65-foot wides to 45-foot wide lots.
“With the recent lots sales and the replatting of the larger lots, we are now focused on planning the southern half of the site,” said Bambauer. “We will have a variety of lot sizes ready for development throughout 2018 and beyond.”
- Bambauer came to one of our HOA meetings to tell us we were getting tipped-off by the prior majority lot owners.