Michael Corcoran

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Corcoran Report

EQUESTRIAN CENTER PROPERTY AT 56TH STREET & LONE MOUNTAIN SELLS TO PULTE HOMES

Posted On: May 21st, 2019 5:20PM

Pulte Homes Santolina

 

A twenty-acre parcel located at the northwest corner of 56th Street and Lone Mountain has recently undergone plant salvage and is being graded in preparation for a new home subdivision by Pulte called Santolina.

 

The site plan depicts a 39-unit gated subdivision with 80 x 130 ft. lots (roughly ¼ acre) and about 25% open space. Primary ingress and egress will be provided along 56th Street, with secondary egress provided along Lone Mountain.

 

PulteGroup Inc. is a home construction company based in Atlanta, Georgia. In 2016 it was the third largest home builder in the United States, in number of homes closed.

 

Pulte has a track record in Cave Creek, having constructed Dove Valley Estates in the late 1990’s, and more recently a neighborhood in the Lone Mountain subdivision at 60th Street and Lone Mountain.

 

Pulte is not releasing any information on the new development until 2020, but judging by the lot sizes, they are likely to be their larger series homes, starting at over 2500 square feet.

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