SCOTTSDALE, AZ (August, 2020) – Scottsdale-based Harvard Investments announces the re-launch of The Lakes at Rancho El Dorado residential community in Maricopa, AZ. The community is featuring new builder partners, lakeside and interior homesites, and park amenities.
“What started out at a bank auction on the Pinal County courthouse steps in 2008 during a very difficult time,” said Tim Brislin, Vice President of Harvard Investments, “has evolved into a one of a kind opportunity for new homebuyers to live in a very unique and well-priced lakefront community.”
At the 2008 auction, Harvard Investments and Meritage Homes jointly acquired the community’s remaining lots and undeveloped land. The parties divvied up the lots with Meritage Homes receiving the finished lots and Harvard Investments receiving the balance of the community. Meritage Homes sold homes on its finished lots throughout the Great Recession.
During Harvard’s holding period, they studied the market, adjusting lot sizes, auditing amenities and waited for the right time to bring The Lakes to the market. Over the past 10 months, Harvard Investments has closed new parcel sales to Meritage Homes, Richmond American, Gehan, and DR Horton totaling 606 lots. Nathan & Associates handled the community’s builder transactions. “We are excited to represent the only Lake community in Maricopa and Pinal County.” said Nate Nathan, Founder & President.
There will be premium lake lots with attached RV garage options, multiple floor plans, as well as off lake neighborhoods with great park amenities. In addition, Harvard Investments is adding a new, two-acre lakeside park with this phase.
“This community’s prime Maricopa location, close proximity to I-10, great schools, the award-winning Copper Sky Recreational Complex, nearby top statewide golf courses, the City’s reputation for being one of the safest cities in the state, along with other value-added amenities make it the ideal home destination,” said City Of Maricopa Mayor Christian Price. “Harvard investments’ foresight and development leadership fully aligns with our city’s continued commitment to offering quality, sustainable, and affordable residential communities.”
Meritage Homes has been a homebuilder at The Lakes at Rancho El Dorado since 2002. Meritage Homes recently acquired an additional parcel including 179 finished homesites through Harvard Investments.
“We are excited to extend our footprint within The Lakes at Rancho El Dorrado community,” said Steve Hahn, Vice President Land – Phoenix Division. “We have recently started selling new homes and plan on opening our new models this September. Our current home pricing starts in the $220,000s and will offer one- and two-story options with up to 2,280 square feet.”
About Lakes at Rancho El Dorado
The Lakes at Rancho El Dorado is an established and affordable master planned residential community located in Maricopa, AZ just south of Phoenix. Maricopa offers residents small town charm with plenty of nearby hiking, biking, and camping access. The community is located down the street from The Duke at Rancho El Dorado Golf Club, as well as near the Copper Sky Recreation Complex. It offers exceptional homes and amenities including parks, sports courts, and a central lake. Those looking for more information as plans develop on new community homesites, should visit www.meritagehomes.com, www.gehanhomes.com, www.richmondamerican.com, and http://www.drhorton.com.
About Harvard Investments
Harvard Investments has over 35 years’ experience in community and property development throughout The Southwest and specializes in building award-winning, fully planned communities–each one committed to the principles of quality, longevity and sustainability. Harvard Investments is the U.S. subsidiary of The Hill Companies; a family-owned company based in western Canada. The Hill Companies has roots that go back to 1903, when it specialized in real estate development and insurance. More diversified today,
The Hill Companies continues to develop real estate and has added other businesses over more than a century, including oil and gas production and distribution, broadcasting, manufacturing, and more. To learn more about Harvard Investments, visit http://www.harvardinvestments.com.
About Nathan & Associates, Inc.
Nathan & Associates is the oldest and largest land brokerage firm in Arizona. Now in its 40th year, the company focuses solely on brokering land acquisitions for master-planned communities, commercial, retail and multi-family projects in Arizona, California, Nevada, Colorado, Texas, Idaho, and Hawaii. For more information, visit www.nathanlandaz.com.
About Meritage Homes
Meritage Homes is the seventh-largest public homebuilder in the United States, based on homes closed in 2019. Meritage offers a variety of homes that are designed with a focus on first-time and first move-up buyers in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee. The Company has designed and built over 125,000 homes in its 35-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. Meritage is the industry leader in energy-efficient homebuilding and has received the U.S. Environmental Protection Agency’s ENERGY STAR Partner of the Year for Sustained Excellence Award every year since 2013 for innovation and industry leadership in energy efficient homebuilding. For more information, visit www.meritagehomes.com.