Meritage Homes snags 90.87 acres in Parker for $7.25 million

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Douglas County

Property Location: Northeast corner CrowfootValley Road & E. Richlawn Drive (7010 Crowfoot Valley Road), Parker

Property Description: Vacant land, 267 detached homes planned

Land Size: 90.87 acre

Sales Price: $7.25M, or $79,784 per acre, or $27,153 per buildable lot

Reception No.: 2018066166

Closing Date: 6/4

Grantor: Cherry Creek Project Water Authority

Grantee: Meritage Homes of Colorado, Richard Cross, 303-406-4342

Financing: Cash

Comments: See APN: 2349-041-00-022. First phase is Meadowlark Filing No. 1, which contains 18.79 acres. Plans are to build 46 single-family homes. The 90.87-acre site contains 18 acres of open space and 6.5 acres of park area. The property has not been fully entitled, but a preliminary plat has been ratified.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or [email protected]

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