Land Advisors Organization Phoenix Closes a 38.4 Acre Site Located in Scottsdale, Arizona to Camelot Homes for $5.4M

The new development will bring 31 estate lots to the prestigious north Scottsdale area.

Phoenix, Arizona (October 26, 2020) – Land Advisors Organization’s Metropolitan Phoenix office is pleased to announce the sale of The Asteria Highlands project, a 38.4-acre development site in north Scottsdale. The site is situated on the north side of the McDowell Mountains with views of Tom’s Thumb and Pinnacle Peak and is planned for 31 estate lots which will range from 0.5 to 1.25 acres. The property was sold by Hines who is a leader in all aspects of real estate services including land development, office, industrial and multifamily. Camelot Homes acquired the property and is planning to build homes that will complement their other successful projects in North Scottsdale including White Horse and Bronco along Pima Road.

“This will be a stunning project for Camelot Homes and we are excited to see them continue their success in north Scottsdale,” said Bret Rinehart of Land Advisors Organization’s Metropolitan Phoenix office. “This prime location with access to the McDowell Mountain Regional Park within walking distance coupled with the panoramic views are sure to attract home buyers to this property.”

Bret Rinehart, Ryan Semro, and Ben Heglie, who specialize in home builder developments and master-planned communities throughout Arizona for Land Advisors Organization’s Metropolitan Phoenix office, represented the seller in the transaction. The firm continues to advise clients on this product type and is working on several similar projects in the area.

Read more at AZ Big Media.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Tampa, and Jacksonville, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIN.

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Media Contact: Patty Johnson, Connections Marketing & Communications

PattyJohnson@Connections-marcom.com or 602.402.2965