By Brian Petersheim
KHovnanian Homes, known also as KHov, has recently purchased the 86 empty lots in Maricopa Meadows to build six new floor plans.
According to tax records, KHov paid $4.5 million dollars for the lots and is ready to build the first homes in the subdivision since 2007.
The current plan is to build single-story homes on all of the 86 lots. The homes will start at 1,351 square feet and go up to 2,242 square feet. All of the homes will come standard with a two-car garage, but a three-car garage is optional.
The most unique feature about the homes is that the larger floor plans will be highly customized, especially with the bedrooms. The 2,242-square-foot home can be built with a “mother-in-law suite” aka “multi-generational home,” the name may vary depending on the part of the country you come from.
The “mother-in-law/multi gen home” features a separate living area, kitchenette, bedroom and bathroom with a separate entrance from the outside of the home being optional. This set-up could be perfect for relatives or generating income for investors. This set up can only be done in the largest floor plan(s).
Model home pricing has not been determined and floor plans are subject to change.
The last time a builder was in Maricopa Meadows was just before the market crashed when builders Turner-Dunn, Elite, Brown Family and Homelife occupied the Meadows along with several other builders. While KHovnanian is based out of New Jersey, this won’t be their first subdivision in Maricopa. KHov used to have model homes and built many houses in Alterra in 2005-06.
KHovnanian joins Richmond American homes as being the latest additions to the Maricopa new home scene where one-third of the homes currently listed for sale are brand new.
Brian Petersheim- Realtor Homesmart Success