Another chunk of Arizona state trust land is up for sale just East of North Scottsdale in an area currently known as Rio Verde Foothills (an equestrian neighborhood with wide open spaces and a more laid back lifestyle).
At least four major home builders are interested in developing a 2 square mile area of state trust land north of Fountain Hills.
The 1,312 acres of trust land will be auctioned off in June to the highest bidder. MCO Properties, SunCor Development, Pulte Homes and Toll Brothers Homes have all expressed interest in this land.
Residents of Rio Verde, the unincorporated county island in North Scottsdale (one of Central Arizona’s last true equestrian communities) are looking to maintain the area’s rural character and hope they can continue to fend off mass, cookie cuuter type development as urban sprawl moves its way over the next 15 years. The Rio Verde Community started as a horse owners paradise and residents do not want to see this change now change, or in the future.