A new home in Saguaro Ranch that was listed for $5,950,000 sold last week for $4,950,000. And while $1,000,000 is quite a discount off the list price, and probably a record in it's own right, the sale set a new price record for a home sold through the Tucson Association of Realtors Multiple Listing Service. Although 14 lots in Saguaro Ranch have sold through the Tucson MLS, this is the first home that has been sold through the Tucson MLS.
Saguaro Ranch, on the far Northwest side of Tucson, is a unique ultra-luxury home community that's been in development since 2003. On 1035 acres of breathtakingly beautiful desert in the Tortolita Mountains, when completed, Saguaro Ranch will have a total of 180 homes on 4 acre (approximately) lots.
Last year I had a client who was interested in buying some lots in Saguaro Ranch as an investment, so I spent quite a bit of time looking around in there. I was very impressed.
While they're developing the land as an ultra-luxury home community with all the amenities and services you'd expect- and some you wouldn't- the developers of Saguaro Ranch have taken great pains to minimize the visual impact of the development on this pristine desert environment. And they've been very successful at it.
Visit the Saguaro Ranch web site for the Saguaro Ranch story.