An 81-acre parcel of land in Troon has been purchased by Toll Brothers for the construction of new luxury homes. The site sits along 118th Street on Pinnacle Vista Drive, slightly north of Jomax Road. The surrounding area is mainly undeveloped, meaning the community will be bordered almost entirely by open land. The sale price for the land was $5 million.
The new development project, called Atalon, was originally approved by the Scottsdale City Council in 2004 to be a 17-lot residential community. It was rezoned in 2011, the new design allowing for 33 single-family units on 62 acres with a density of 0.53 units per acre. The remaining 19 acres would be zoned for natural area open space, including boulder outcroppings, washes and a 150-foot buffer between homes and the surrounding areas and roads. Entitlements were originally set to expire in 2014 but have been extended through January 1, 2015. The final plat for the site must still be approved before construction can begin.
Early in 2011, the project received some criticism by existing homeowners, who believed that the higher density of homes would obstruct desert views. However, buyers who have been waiting for new construction in what is now a highly competitive market are welcoming new luxury home developments, especially in the affluent region of Troon in North Scottsdale.
If you are one of those buyers interested in new construction Troon homes for sale, call me at (602) 791-0536 or email Carmen@TopScottsdaleHomes.com for additional information or to schedule a viewing of homes.
Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TroonRealEstate.com