Buckeye’s rapid growth isn’t slowing down. One of Arizona’s largest master-planned communities just recorded the state’s biggest residential lot sale of 2026, signaling continued confidence from major homebuilders in the West Valley.
Key Highlights
- DMB Associates sold 308 finished residential lots within Verrado to land banker Kennedy Lewis Investment Management, on behalf of Tri Pointe Homes, for $44.5 million.
- The transaction is the largest residential lot sale in Arizona so far in 2026 and the biggest land sale at Verrado in more than a decade.
- The lots are located in Phase III of Verrado’s Highlands District, near the White Tank Mountains and adjacent to parks, trails, and open space.
- Tri Pointe is expected to build homes on the property but could also sell portions of the lots to other builders, subject to DMB approval.
Verrado Continues to Expand
Verrado has become one of Arizona’s premier master-planned communities and continues to attract both homebuyers and builders.
Current community highlights include:
- 8,800-acre master-planned community.
- Nearly 8,000 homes sold.
- More than 18,500 residents.
- Over 85 neighborhood parks.
- 27 miles of trails and pathways.
- Two golf courses.
- Five schools.
- Community swim park, fitness center, and dog parks.
According to DMB, Verrado has become one of the top-selling master-planned communities in the West Valley, continuing to outperform many neighboring developments despite a more selective housing market.
More Homes Are Already on the Way
The momentum doesn’t stop with this transaction.
DMB also announced it currently has another 375 residential lots under contract with homebuilders that are expected to close next year, including future phases in Regent Hills and the Victory active adult community.
Current starting home prices in Verrado include:
- Duplex homes starting around $384,000.
- Detached single-family homes starting around $520,000.
- Luxury estate homes approaching $1 million.
- Victory active-adult homes beginning around $350,000 for duplexes and $430,000 for detached homes.
Why This Matters for Arizona Affordability
Every large land transaction like this represents future housing supply—and that’s good news for Arizona.
For years, demand has outpaced the number of homes being built, driving prices and rents higher across the Phoenix metro. While 308 lots won’t solve the housing shortage by themselves, every new neighborhood helps.
More homes mean:
- More choices for buyers.
- Increased competition among builders.
- Better opportunities for families entering the housing market.
- More inventory to help moderate long-term price appreciation.
- Additional rental housing opportunities as the community grows.
Arizona’s affordability challenges won’t be solved by limiting development—they’ll be solved by building more homes.
What This Means for Real Estate Investors
Large lot sales are one of the strongest indicators of where builders expect future demand.
Several trends stand out:
- National builders continue investing heavily in the West Valley.
- Buckeye remains one of the fastest-growing communities in metro Phoenix.
- Continued residential development supports future retail, restaurants, schools, and infrastructure.
- Population growth will continue creating demand for professionally managed rental housing.
More construction doesn’t hurt Arizona’s housing market. It strengthens it. Healthy growth creates healthier communities and provides opportunities for both homeowners and long-term investors.
Bottom Line
Even with higher mortgage rates and a more balanced market, builders continue making long-term investments in Arizona.
A $44.5 million purchase of more than 300 finished lots demonstrates confidence in Buckeye’s future. As communities like Verrado continue to expand, they bring exactly what Arizona needs most: more housing supply.