Mortgage And Real Estate News

Sunday, July 7, 2013

Sterling’s DC Ranch villas nearly sold out


Sterling at Silverleaf, a small development of villas in the Silverleaf section of DC Ranch, has sold 14 of 16 homes in its first phase, with 12 more planned in a subsequent phase.

The project, a revival of a previous effort by Scottsdale architect Bing Hu, was sold in a foreclosure auction in 2008. The new developer is the Sterling Collection Development Group.

Construction got under way on the Sterling Collection’s efforts in April 2011.

The two homes remaining are models priced at a little more than $1.7 million. Both have 3,439 square feet with four bedrooms and 41/2 baths.

Read more: Sterling’s DC Ranch villas nearly sold out

Reuters: Business News

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