Landsea Homes Acquires 156 Lots In North Fontana For $47.72M From Arroyo Capital

Landsea Homes has purchased a development site consisting of 156 lots in North Fontana for $47.72 million. The address of the property is 4785 Habitat Drive. Each lot was acquired at an average price of approximately $305,897. This transaction is part of the Narra Hills master-planned community, which offers a diverse range of home styles, including single-family homes and townhomes of various sizes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $47,720,000
• Address: 4785 Habitat Drive
• Market: North Fontana

John Ho, representing Landsea Homes, and Leigh Austin, representing Arroyo Capital, were the key individuals involved in this deal. Landsea Homes acted as the buyer, while Arroyo Capital served as the seller.