Phoenix Business Journal: Developer Breaks Ground on 700-acre Custom Gated Community in Prescott
A developer of a $100 million, 700-acre master-planned community five miles north of downtown Prescott has broken ground on the first phase of a project that borders Prescott National Forest.
Stringfield at Granite Mountain will feature 300 custom home lots, with 65 lots in the first phase ranging between one to three acres, with prices starting at $250,000.
Buyers of these lots will be responsible for finding their own architects and general contractors to build their dream homes, said Jeff Davis, managing partner of Stringfield Development Co. Ltd.
Governed by a community association, architectural design guidelines are flexible, he said.
"Each individual property owner can design their dream home and put their personal touch on it," he said.
Of the 65 lots of the first phase, about 80% have been reserved, said Davis, who secured four lots to build a family compound.
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The buyers so far are a mix of owners who will use their new homes as primary residences or as second homes to escape the summer heat on land that sits 6,400 feet above sea level.
"It's minutes away from the regional hospital and the historic downtown square," Davis said.
