Pulte’s 135-home private enclave at Mariposa in Rio Rancho, New Mexico will be open for sales in late 2018. It’s anticipated that models will be complete by early 2019 in this master-planned community 30 minutes north of Albuquerque.
PulteGroup Begins Construction of New Gated 135-Home Neighborhood in Mariposa Master Planned Community North of Albuquerque. Private Enclave Will Be Open For Sales Late 2018, with Models Completed Early 2019
(Albuquerque, N.M.) June 2018 – Real estate investment and development company Mariposa East, LP, an affiliate of Harvard Investments, Inc. is proud to announce PulteGroup has begun the development this month on a new private neighborhood within Mariposa Master Planned Community in Rio Rancho, New Mexico. The 135-home neighborhood will feature single- and two-story homes built around the stunning views and lifestyle Mariposa offers just 30 minutes north of Albuquerque.
“We congratulate Pulte on breaking ground on this signature collection of homes that embrace the spirit of Mariposa. They are thoughtfully designed to allow future homeowners to fully enjoy the community and our breathtaking natural backdrop,” shared Tim Brislin, Vice President for Mariposa East, LP. “Their experience understanding the needs of the Rio Rancho community – from empty nesters looking for a lock and leave home, to growing families wanting to be close to the park, to active individuals needing quick access to Mariposa’s unparrelled trail system – means this exclusive Pulte neighborhood will deliver the quality and lifestyle people expect when they think about Mariposa.”
The 31.6-acre acquisition, named Redondo at Mariposa, includes 135 single-family residential home sites with homes ranging between 1,700 and 3,000 square feet. Every home will be constructed with the latest in smart home technology and energy efficiency. The gated neighborhood will be completed in two phases. Redondo has immediate proximity to the Mariposa Community Center, park, restaurant and pools as part of the larger 6,500-acre Mariposa Master Planned Community.
“Mariposa is a fabulous community, and is one of the most active in the metro area. Its location is in high demand with our buyers,” shared David Newell, Director of Land Acquisition for PulteGroup in New Mexico. “The opportunity to design this intimate, private neighborhood, with views of the surrounding mountain ranges, and within walking distance to all the amenities people love in Mariposa, means we’ll be creating something really special in a remarkable community for future Pulte homeowners.”
Mariposa is a 6,500-acre master planned community in picturesque Rio Rancho, New Mexico that includes a large portion that will never be developed. This area is known as the Mariposa Preserve. It is owned by The Albuquerque Academy, consists of 2,200 acres of dedicated open space within the heart of Mariposa, and is protected in perpetuity. Additionally, Mariposa includes a Silver LEED- certified residents’ Community Center with indoor and outdoor pools, fitness center, movement studio for yoga and other classes, café and social area. Adjacent to the community center is the Mariposa park including various ball courts, a playground, an expansive grass area, ramadas and picnic areas, pop jet fountain, and renowned monumental sculptural art. Within Mariposa East you’ll also find The Point Grill restaurant as well as a LEED-certified office complex.
“There are so many reasons to be excited about this neighborhood, but access to never-ending hiking and biking trails, four seasons of outdoor adventure, and views of our surrounding wilderness and mountain ranges are what top the list,” added Newell. We’ve designed Redondo at Mariposa to maximize homeowners ability to create indoor/outdoor living spaces that will more fully connect them to the beauty of northern New Mexico.”
PulteGroup will begin to presell lots late 2018, with models anticipated completion by early 2019. 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.
Mariposa East, LP, an affiliate of Harvard Investments, purchased the 1,465 acre portion of the Mariposa master planned community called Mariposa East in 2014. Mariposa East has approximately 500 homes built to date with residents enjoying the community’s many amenities. Over time Mariposa East will grow to reach a total of 2,500 homes.
Find out more about Mariposa and what makes it the premier master planned community in Northern New Mexico by visiting www.liveinmariposa.com
PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in approximately 50 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods, the Company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup conducts extensive research to provide homebuyers with innovative solutions and consumer inspired homes and communities to make lives better.
For more information about PulteGroup, Inc. and PulteGroup brands, go to www.pultegroupinc.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com and www.jwhomes.com.
About Maricopa East, LP
Mariposa East, LP, an affiliate of Harvard Investments, Inc. purchased Mariposa East in 2014. Harvard Investments is the US subsidiary of The Hill Companies; a family-owned company based in western Canada. The Hill Companies has roots that go back to 1903, when it specialized in real estate development and insurance. More diversified today, Hill Companies continues to develop real estate, and has added other businesses, including oil and gas production and distribution, broadcasting, manufacturing, and more. To learn more about Harvard Investments, visit www.harvardinvestments.com.