New Communities Update

New Communities Update

Posted 07/10/2017

Three new Maracay Homes neighborhoods will be coming to the fast-growing submarkets of Gilbert and South Mountain in the next couple years, thanks to land purchases last month that reinforce our commitment to building in the best locations in the Valley. The purchases further fuel Maracay’s growth trajectory, which has more than tripled the company’s size and closing volume over the past five years. “We’ve taken more of a tortoise than a hare approach to our growth, every year carefully selecting the best locations that resonate with our premium homebuyers,” said Maracay Homes President Andy Warren. “Then, we bring a combination of phenomenal home plans and our highly regarded FlexDesign program to these high-demand locations, and meticulously develop each community to the highest standards.”

Vistal at South Mountain

In Phoenix, Maracay plans to develop the 83-acre, former Vistal golf course into an upscale, gated community to be marketed as Vistal at South Mountain. The community’s location at the base of South Mountain Park provides panoramic views of the downtown Phoenix skyline, Camelback Mountain, Piestewa Peak, the Estrella Mountains and the Valley floor. Maracay purchased 204 homesites in the first phase of what will eventually be a 650-home, master-planned community. Home sales are expected to begin in early 2019. “This first phase of Vistal will present homebuyers a phenomenal opportunity to get in on the ground floor of a new master-planned community that marries the convenience of an infill location with the natural recreational opportunities of having South Mountain Park – the largest municipal park in the United States – as their own personal playground,” said Warren. “For anyone who values a healthy, outdoor-oriented lifestyle, plus access to big-city amenities and major employers, this site is unparalleled.”

Lakes at Annecy

Meanwhile, in Gilbert, Maracay purchased 216 homesites zoned for 170 three-story duplex units and 46 three-story single-family detached homes at the Lakes at Annecy community. First developed in the mid-2000s with resort-like amenities, including lakes, three pool complexes, tot-lots, sports courts and tree-lined streets, the Lakes at Annecy is a gated residential community located within walking distance of the rapidly emerging San Tan Village area north of the Loop 202, east of Val Vista Drive. The partially developed master plan calls for a total of 930 homes, featuring a mix of single-family detached homes, duplexes, triplexes and townhouses. Maracay intends to open for sales in the fall of 2018, when it will unveil all new floor plans ranging from approximately 1,500 to 2,000 square feet. The new community’s location near San Tan Village puts it within easy reach of dozens of retail and dining options, as well as highly rated schools and major Valley freeways.

Lakeview Trails at Morrison Ranch

The Lakeview Trails at Morrison Ranch purchase comprises 92 single-family homesites in Gilbert. The parcel represents Maracay’s third purchase at this tremendously popular master-planned community. Based on the success of its two existing Morrison Ranch neighborhoods in Warner Groves – including Marquis at Morrison Ranch, which sold out in just one year – Maracay plans to offer a brand-new series of spacious, one- and two-story floor plans, ranging from 3,000 to 4,800 square feet. Home sales are expected to begin in fall of 2018. “Once Lakes at Annecy and Lakeview Trails at Morrison Ranch open to the public next year, Maracay will have unveiled four new neighborhoods in Gilbert in just over a year,” said Maracay Homes Vice President of Land Acquisitions and Development Tom Lemon. “Gilbert is among the fastest growing cities in the country, and for good reason. Fueled by a thriving economy, top-rated schools, and an array of high quality lifestyle options and leisure activities, Gilbert continues to attract some of America’s top innovative companies in the areas of oncology, regenerative medicine, algae technologies and biofuels, medical devices, stem cell research and cardiovascular science.”