Lennar Homes Purchases 191 Large Lots in Green Valley, CA
Washingtoner/10235101

RIVERSIDE, Calif. - Washingtoner -- Land Advisors Organization's West Riverside County team represented the seller in the sale of nearly 50 acres within the Green Valley master-planned community's (MPC), Planning Area 12 to Lennar Homes. The parcel provides Lennar with 191 single-family detached lots, which will have the minimum size of 6,500 square feet. Lennar plans to build two product types in the community.

The sale was facilitated by Brian Carricaburu and Andrew Sinderhoff with Land Advisors Organization, who represented the seller Cross Lake Partners/Raintree Investment Corporation. Sales within Lennar's new community are expected to begin in October 2024.

"We are delighted to welcome Lennar as the newest guest builder at Green Valley," said Brian Carricaburu. "The partnership between Cross Lake Partners/Raintree Investment Corporation and the City of Perris has produced an exceptional master-planned community, and with Lennar joining in, the best is yet to come."

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The Green Valley MPC is the gateway into the City of Perris and in proximity to major employment areas, including Riverside, Orange County, Los Angeles, Long Beach, and San Diego. The community provides home buyers with difficult to find attainable housing options and is the only active master-planned community with new home sales in the city of Perris. There are additional builder opportunities available within Green Valley, which include approximately 600 remaining single-family lots, 111 townhome lots, and 236 future apartment units that have been approved within Phase 1 of the Green Valley MPC.

"Having sold over 700 lots to guest builders, Green Valley has cemented itself as a premier destination for homebuilders on the 215 corridor," said Sinderhoff. "We are excited to see the continued growth of the community, all the while delivering much-needed new attainable housing choices for California home buyers."

In addition to the community's attainable housing options, Green Valley MPC boasts open space, community parks, proximity to shopping and dining. Residents also enjoy area attractions such as the Perris auto speedway, hot air balloon rides, skydiving and the popular railway museum. Green Valley also sits at the border of the City of Menifee, California.

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Founded in 1987, Land Advisors Organization is the nation's largest land brokerage firm specializing in deep market insights for the most comprehensive and effective evaluation of land in markets across the U.S. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Tampa, and Jacksonville, Florida; Boise, Idaho; Kansas City, Kansas; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington.