Meritage Homes Completes Purchase of 271 New Home Lots in Buckeye, Ariz. for $10.1M
Land Advisors Organization facilitated the sale of 70 acres on behalf of the seller, expanding Meritage Homes’ presence in the Southwest Valley.
Scottsdale, Ariz. (June 29, 2023) – Land Advisors Organization recently facilitated the sale of 70 acres of land in Buckeye, Ariz. to Meritage Homes of Arizona for $10,111,000. The 70-acre parcel, which is preliminary platted for 271 new home lots, is located at the SWC of Apache Road and Southern Avenue.
Ben Heglie, Bret Rinehart and Ryan Semro with Land Advisors Organization’s homebuilding team represented the seller MPC Mystic in the transaction. This project marks Meritage’s fifth new home community in Buckeye. They have been building in the area since 2017.
“Over the past two years, Buckeye has announced nearly 3.7 million square feet of commercial development with major employers establishing themselves in the area and driving a growing need for workforce housing,” said Bret Rinehart of Land Advisors Organization. “Meritage is well-known across the Valley as an exceptional builder and with this project they will make new, much-needed, homes to Buckeye’s growing employment sector. It’s very rewarding to be part of expanding Meritage Homes’ presence in the area.”
Meritage will be offering single family homes ranging from 1,239 to 2,110 square feet with pricing starting in the low $300’s, providing buyers seeking in the area with a wide range of options. Meritage Homes’ new South Buckeye community is in close proximity to employment centers, shopping, dining, and Youngker High School. Construction is expected to begin in mid to late 2023 with the first new homes completing in early 2025.
“The economic environment in Buckeye continues to provide opportunities for homebuilders as more and more jobs come to the area,” said Scott Loncki, director of land acquisition for Meritage. “We are excited to deliver a unique community that will provide attainable ownership offerings to homebuyers as affordability remains an issue across the valley.”
About Meritage Homes Corporation
Meritage Homes is the fifth-largest public homebuilder in the United States, based on homes closed in 2022. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.
Meritage Homes has delivered over 165,000 homes in its 37-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, a ten-time recipient of the U.S. Environmental Protection Agency’s (“EPA”) ENERGY STAR® Partner of the Year for Sustained Excellence Award since 2013 for innovation and industry leadership in energy-efficient homebuilding, and the recipient of the EPA’s 2023 Market Leader Award for Certified Homes as well as the EPA’s 2022 Indoor airPLUS Leader Award. For more information, visit www.meritagehomes.com.
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, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; Kansas City, Kansas; and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
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Media Contact: Patty Johnson, Connections Marketing & Communications
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