A national homebuilder is growing its presence in one of Arizona's largest master-planned developments.
Richmond American Homes announced it will open a 92-lot subdivision called Portfolio at Lucero at the Estrella community in the city of Goodyear. Estrella comprises 20,000 acres and is home to over 8,000 families across different villages.
The development 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.
Seven of the 92 homes are currently under construction, ranging from 1,940 square feet to 3,070 square feet. Prices start in the low $600,000s, above the average home value of the Estrella Mountain neighborhood, according to Homes.com
Prospective buyers can choose homes with three to five bedrooms, two to three bathrooms, and two-or three-car garages.
A community grand opening is scheduled for Sept. 26.
“Portfolio at Lucero represents the next chapter in our commitment to building homes that reflect the way people live today — flexible, stylish and rooted in community," said Rick Morris, division president of Richmond American Homes, in a statement.
West Valley growth
Richmond American is one of several homebuilders with homes in Estrella. The community has subdivisions from Beazer Homes, Brightland Homes, Taylor Morrison, Landsea Homes, Toll Brothers and William Ryan Homes.
Portfolio at Lucero will build on Seasons at Lucero, a 53-home subdivision that Richmond American opened in March. Later this year, Richmond American is expected to open two additional communities within Estrella, according to a news release.
“As the West Valley booms with quality employment, and more commercial, entertainment, and retail offerings than ever before, homebuilders have turned their attention to the neighborhoods Estrella offers,” said Jeff Zimmerman, vice president of development for Estrella Development, in a statement.
Estrella Development is owned by a joint venture between Harvard Investments Inc., Toll Brothers and Varde Partners Inc.