I swore we wouldn’t be seeing any of these for a while, but today a fearless builder listed a new ‘to be built’ spec home in the Foothills. To be completed in 2010.
And while that may seem like a crazy thing to do, this home is priced at just $675,000 ($239/sf) – a few hundred thou below any spec I’ve seen in the foothills in years.
So if they can pull it off, and I don’t see how they can, maybe it’s not so crazy – 1 acre mountain view lot/Catalina Foothills Est 2/2828 sf/3 Beds/3 Baths/3 Car/w- top of the line finishes: granite, cherry cabinets, tile floors in all common areas. High efficiency HVAC and upgraded insulation.
I just wonder how and where a builder is able to get financing for a spec project these days.
more here>4334 N Camino Del Obispo
see thefoothillsToday.com
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