THE OPPORTUNITY
A vested subdivision, re-planned as one-acre homesites.
Chaparral Heights is an approximately 104-acre residential subdivision in Dewey-Humboldt, Arizona, along State Route 69. The property is vested under subdivision approvals granted in the late 2000s for 34 lots of about two acres each. Since then, the Town has adopted higher-density residential standards, creating the opportunity to make better use of the land without changing its residential character. The property came to us through a long-standing relationship with the landowner, before it was broadly marketed.
DEVELOPMENT STRATEGY
Our design replats the existing subdivision from about two-acre lots to about one-acre lots, increasing the plan from 34 to 56 homesites while keeping the same residential subdivision use. Curving local streets and cul-de-sacs follow the terrain, and floodplain areas remain open space. Horizontal improvements, including an off-site water-main extension and on-site water distribution, electric and dry utilities, roads, grading, and drainage, will deliver finished lots. We plan to sell most lots to local homebuilders and build the remainder ourselves. The project is held through Arid Development LLC, our Arizona subsidiary.
CURRENT PHASE
Feasibility
Completed
Design
In progress
Entitlements
In progress
Construction
Operate / Sell
Schematic design complete for a 56-lot replat under the Town's current standards. Acquisition and financing are being arranged, with replat engineering and approvals to follow.
GALLERY
Bird's-eye view of the site with parcel lines, Dewey-Humboldt, Arizona. Imagery: Google Earth.
Existing 34 lot plat.
Site context, view from east to west. Property lines approximate. Imagery: Google Earth.
Existing 34-lot subdivision, outlined in blue. Source: Yavapai County Assessor.
Key facts
Location:
Dewey-Humboldt, AZ, along State Route 69, outside of Prescott Valley
Development type:
Pipeline: schematic design complete; acquisition in progress
Status:
Residential subdivision replat
Scale:
~104 acres; 34 vested lots (~2 acres each) replatted to 56 lots (~1 acre each)
TMD role:
Developer through TMD Arizona subsidy, Arid Development. New design by Arid Design
Zoning:
Vested residential subdivision; replat under the Town’s current higher-density standards - Town updated zoning from a 2-acre minimum lot size to a 25,000 SF minimum
Intended use:
One-acre single-family homesites, sold to local builders and built by affiliated entity
Major approvals:
Existing subdivision approvals (vested); 56-lot replat and engineering approvals with the Town of Dewey-Humboldt (to be filed)
Plans, renderings, and project details are conceptual and subject to change.