Real estate investment and development company Mariposa East, LP, an affiliate of Harvard Investments, Inc. is proud to announce Price Land & Development Group has purchased 10 acres of the Mariposa Master Planned Community outside Rio Rancho, New Mexico 30 minutes north of Albuquerque.
“We congratulate Price Land & Development on this acquisition and are delighted to partner with a local firm on the next phase of Mariposa,” shared Tim Brislin, vice president for Mariposa East, LP. “Their experience understanding the needs of the Rio Rancho community, having developed nearby communities for more than two decades, is especially valuable as we create this new neighborhood in the heart of Mariposa.”
The 10-acre acquisition includes 41 single-family residential lots to comprise the Jemez Vista neighborhood as part of the larger 6,500-acre Mariposa Master Planned Community. It is the newly formed Price Land & Development firm’s first acquisition.
“Mariposa is a premier community in this region, and has been gaining increased attention for its balance of wide open spaces and connected, fully-amenitized living,” shared Garret Price, president of Price Land & Development. “Given Mariposa’s sophistication and consumer-oriented attributes, we felt confident that Jemez Vista is the perfect first investment and sets the standard for our future partnerships.”
Price Land & Development plans to prepare the 41 lots for two local homebuilders to begin building Jemez Vista in September 2018. Mariposa currently has ten neighborhoods available, including five award-wining builders and custom home neighborhoods with estate-sized home sites. Homes are designed for retirees, couples, single individuals and families of every size and type. Both seasonal and full-time residents call Mariposa home. Homes range from approximately 1,500 square feet to approximately 4,500 square feet. Prices currently range from the low $200,000s to the $400,000s.
“Jemez Vista is in a prime location within a desirable, lifestyle oriented community featuring views, open space, access to top performing schools, 10 miles of trails and a stunning community center with a multitude of recreation amenities,” explained Price. “Plus Jemez Vista will be just minutes to the 550 and all that Rio Rancho has to offer.”
Find out more about Mariposa and what makes it the premier master planned community in Northern New Mexico by visiting https://www.liveinmariposa.com/