National homebuilder Lennar has opened sales for a trio of new floor plans in a Goodyear, Arizona community.
The builder is now selling 264 of 359 planned homes in Montecito, a village within the 20,000-acre Estrella master-planned community. Montecito will feature Lennar's new The Premier, Summit and Discovery collections, which Lennar says will meet the needs of a diverse buyer pool.
Discovery, the most expensive of the three, is a "NextGen" home from Lennar. These homes feature a main residence in addition to a private suite that comes with its own living space, complete with a bedroom, bathroom, laundry and kitchen.
Lennar purchased 359 lots within Montecito in 2024; it plans to open the remaining 95 homesites in May of next year. Richmond American Homes owns 149 additional homesites in Montecito.
Prices range from $368,990 to $454,990, which trails the average home value of $549,082 in the Estrella Mountain neighborhood, according to Homes.com.
“With the West Valley’s booming economy, coupled with Estrella’s well-planned infrastructure and vibrant community spirit, we’re confident this is an ideal place for families to call home,” said Jeff Gunderson, Lennar's senior vice president of land operations, in a statement.
Models are expected to open Dec. 19.
Lennar's opening of Montecito comes on the heels of the Miami-based builder applying to bid on 470 acres of state trust land near Mesa.
Lennar is the nation's second-largest homebuilder based on 80,210 total closings in 2024, according to Builder Magazine.
Master-planned development sees more communities open
Estrella Development is owned by a joint venture between Harvard Investments Inc., Toll Brothers and Varde Partners Inc. Estrella, located in the city of Goodyear, west of Phoenix, is already home to more than 8,000 families and is expected to reach 20,000 homes when fully built out.
Earlier this year, Richmond American opened 92 homes within Estrella.
Other single-family builders with a presence in Estrella include Beazer Homes, Brightland Homes, Taylor Morrison, Landsea Homes, Toll Brothers and William Ryan Homes.
The developers behind Estrella retooled plans for a 1,500-acre chunk within the community's boundaries to reduce the future housing density.
Estrella also has more than 500 acres of open space, 50 parks and 72 acres of lakes used for kayaking, sailing and catch-and-release fishing. The community also has a resort, pools, two fitness centers and the Golf Club of Estrella.
As more villages open within Estrella, Harvard Investments is getting ready to start on another major project nearby.
The Goodyear Planning and Zoning Commission recently recommended approval for Rio 1900. This venture by Harvard Investments could bring more than 5,500 residences across a mix of single-family homes, build-to-rent townhouses and garden-style apartments.