The Residences At Ritz-Carlton In Dove Mountain

With the Accenture Match Play Championship concluding this week, I thought it would be interesting to point out some super luxury homes being developed by the super luxury hotel. Ritz-Carlton has just a handful of these homes, called “The Residences,” at its more than 100 worldwide locations. These properties are developed with convenience and super luxury in mind for the owners, who receive access to everything the hotel has to offer. However, residents will be required to join the golf club. Those member ships cost $100,000 plus annual fees, which have yet to be determined. The price of these homes will “start” at $2.25M (which includes a home site at the lower range of the spectrum) and go up to prices that will be in excess of $4.3M. These properties will be on the very high end of the market, especially for the Marana area. The actual neighborhoods are Amolillo, Seven Saguaros and Rockpoint Ridge. The Amolillo and Seven Saguaros neighborhoods feature highly customized homes, with a choice of 5 floorplans. Rockpoint Ridge will have custom home sites ranging from approximately 1.5 acres to almost 7 acres. The thinking is that many second, third, and fourth home owners will want a desert location in the spectacular Dove Mountain area complete with vistas of the entire Tucson Valley. Prospective buyers of “The Residences at Ritz-Carlton” within the Dove Mountain area will very willing to pay for a premium name in a premium area.

From what I have heard from the real estate community (and I believe to be true), the Ritz-Carlton development will be successful. Having this very posh community built in Marana will validate the fact that within the past 10-15 years, Marana, especially the Dove Mountain area, has become a multi-million dollar housing district. There are several large developments with million dollar plus price tags. Buyers who want to differentiate themselves from the Catalina Foothills or even Oro Valley have come to Marana to purchase mostly modern contemporary custom-built homes, ranging in size from 3000 square feet to in excess of 7000 square feet. My personal opinion is that “The Residences,” as noted earlier, does stamp a huge seal of approval on the area for super luxury buyers. The word is out, “Marana is the place to move to if you’re looking for super luxury homes and amenities.” With a name like Ritz-Carlton saying it, it is impossible to argue. Look for prices of land, homes and shopping (high-end) to rise as more Tucsonans and buyers from other parts of the world choose Marana. The demand is high for this area of town, as it has now become the “hot spot” to shop and live within. If you’re not in the million-dollar price range, Dove Mountain does still offer less expensive options for relatively average Tucson prices. As a plus, you will have the same access to shopping and high-end retailers/services that the high-end homes will continue to bring into the region.

This entry was posted on Monday, February 25th, 2008 at 12:58 pm and is filed under Marana. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.