52.8-Acre Phase Three of Morrison Ranch Conveys

Subject Property Loacted West of the Southwest Corner of Sossaman & Guadalupe

Phase Three of Desert Place at Morrison Ranch, a 199-lot project in Mesa, sold yesterday in two sales. Pulte Homes purchased 50 lots, while Lennar purchased 149. After the sale, Lennar optioned 57 lots of their purchase to Ashton Woods. Morrison Ranch was the seller in these sales, and is the master developer of the 52.80-acre project.

Pulte Homes purchased their portion of the platted and engineered lots for $2,225,213 or $44,504 per lot. Lennar acquired their lots for $6,570,407 or $44,096 per lot. 

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