Walton Global comes to Maricopa
Maricopa’s landscape is set to evolve with the inception of a promising residential venture.
Scottsdale-based real estate powerhouse, Walton Global, has set its sights on the burgeoning potential of Maricopa, acquiring a sprawling 111.4-acre parcel of land named Elena Trails, nestled elegantly on the southeast corner of Farrell and Murphy Road.
This acquisition marks the genesis of a transformative residential project, envisaged to grace the Maricopa skyline with an estimated 450 homes. Walton Global’s vision extends beyond mere structures; they aspire for this development to epitomize diversity, boasting an array of housing options across varying lot sizes—an ambitious plan aimed at catering to the dynamic needs of prospective residents.
Distinctive to this venture is the assurance that each home will reside in areas untouched by floodplain constraints, a significant feat considering the challenges often associated with the Maricopa submarket.
In a bid to ensure inclusivity, Walton Global is keen on offering an expansive array of housing choices, catering to a wide spectrum of buyers, including first-time homeowners. With an attractive starting price point in the low $300,000s, the project aims to open doors to homeownership for diverse demographics.
This strategic land acquisition stands as a pivotal component of Walton Global’s Builder Land Financing program, a forward-thinking initiative designed to support homebuilders nationwide in navigating the complexities of land acquisition and development.
Expressing confidence and anticipation, Paul Bae, Vice President of Portfolio Management at Walton Global, emphasized the significance of the Elena Trails acquisition within the trajectory of this pioneering business line. Bae articulated a forward-looking perspective, envisioning a future where this program would not only yield opportunities for investors and homebuilders but ultimately translate into meaningful prospects for prospective homebuyers in the forthcoming year, 2024.
