State Trust Land Up For Sale

Another chunk of Arizona state trust land is up for sale just East of North Scottsdale in an area currently known as Rio Verde Foothills (an equestrian neighborhood with wide open spaces and a more laid back lifestyle).

At least four major home builders are interested in developing a 2 square mile area of state trust land north of Fountain Hills.

The 1,312 acres of trust land will be auctioned off in June to the highest bidder. MCO Properties, SunCor Development, Pulte Homes and Toll Brothers Homes have all expressed interest in this land.

Fountain Hills plans to annex the acreage in the coming months. A proposed agreement between the state and Fountain Hills would allow a developer to build no more than 1,750 homes, while keeping at least 700 acres as open space and still having room for a 42-acre park and a 12-acre commercial/resort area.

State Trust Land East Of Rio Verde Foothills

I’ve been saying for years now that Scottsdale had better get its act together and annex further East than 136th Street and Dynamite. It is projected that Scottsdale will be residentially built out within the next five years if they do not annex some more land. And, soon before other city’s do.

Currently, everything East of 136th Street (on Dynamite Road – which turns into Rio Verde Drive out there) is Maricopa County Land, Tonto National Forest Land and some Arizona State Trust Land. Fountain Hills has no where to grow other than towards the North, towards Rio Verde Foothills, since they are surrounded by Indian Reservations. So, in my opinion, Scottsdale had better get it together before Fountain Hills annexe’s all the way West to 136th Street.  Either way, the two towns will meet again – currently they only meet up on Shea Blvd.

Comments

One Response to “State Trust Land Up For Sale”

  1. Scott Fails (2 comments) on March 17th, 2006 4:52 pm:

    It’s the lack of new land for residential use that is helping to drive the prices in Scottsdale up so high. I agree with your comments at the end that the city of Scottsdale needs to annex Rio Verde and soon.

    Good article!