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Bullhead City, AZ Laughlin Ranch 1,115 Acres Foreclosure Investment Property
DISCOUNTED: 56%APPRAISED VALUE:
OFFERING PRICE: $39,000,000
FORECLOSURE
INVESTMENT OFFERING
1,115.65+/- ACRES VACANT LAND
FUTURE PART OF LAUGHLIN RANCH MASTER PLANNED COMMUNITY
BULLHEAD CITY, ARIZONA
MIXED USE RAW LAND, BANK OWNED
Appraised Value/BPO: $89,000,000 (January 2007)
Discounted Offering Price: $39,000,000
Offered at 44% of Appraised Value
PROPERTY OVERVIEW
PROPERTY DESCRIPTION 1,115.65+/- Acres Vacant LandPROPERTY LOCATION Section 33 and Portion of Section 28, Bullhead City, Mohave County,
Arizona 86429
COUNTY Mohave
ASSESSOR’S PARCEL NUMBERS (APN)
- 213-13-047
- 213-13-096
- 213-13-032
LAND/AREA 3 Tracts
- 640+/- Acres
- 160+/- Acres
- 315.65+/- Acres
- 1,115.65+/- Total Acres
TOPOGRAPHY Level to Sloping
SHAPE Irregular
CONDITION Desert Terrain
ZONING RE-10A, Residential Recreational, 10 Acre Minimum Lot Size
PROPOSED LAND USES
- Future Part of Laughlin Ranch Master Planned Community
- Low to Medium High Density Residential
- Commercial Retail and Office
OFFERING HIGHLIGHTS
- LAUGHLIN RANCH
- 12,500 ACRE MASTER PLAN GOLF COMMUNITY
- CHAMPIONSHIP 18-HOLE GOLF COURSE
- $50 MILLION COUNTRY CLUB AND WORLD CLASS DAY SPA
- LOCATED IN MOHAVE COUNTY, THE FASTEST GROWING COUNTY IN ARIZONA
- 44,000 PLANNED DWELLING UNITS WITH SUPPORTING COMMERCIAL MIXED-USE VILLAGE CENTERS
- PROJECTED 25 YEAR BUILD OUT
- 3,000 ACRES OF COMMUNITY OPEN SPACE
- PHASE I IN DEVELOPMENT – 1,200 ACRES – 638 RESIDENTIAL LOTS
- PLANS INCLUDE OFFICES, MEDICAL FACILITIES, FLAGSHIP MALL, EMPLOYMENT DEVELOPMENT, EQUESTRIAN FACILITIES, PRIVATE BEACH WITH BOAT LAUNCH, SHOOTING RANGE, BIKE PATHS AND BALL FIELDS
- LOCATED ON THE EASTERN BORDER OF BULLHEAD CITY
SUBJECT PROPERTY
- FUTURE USE FOR LOW TO MEDIUM HIGH DENSITY RESIDENTIAL AND COMMUNITY COMMERCIAL AND OFFICE DEVELOPMENT
- BREATHTAKING PANORAMIC VIEWS OF MOHAVE DESERT AND BLACK MOUNTAINS
- QUIET PEACEFUL SURROUNDINGS
- INFRASTRUCTURE TO EXTEND FROM BULLHEAD CITY
- MINUTES FROM COLORADO RIVER, LAKE MOHAVE AND LAUGHLIN, NEVADA
- SHORT DRIVE TO LAKE HAVASU, GRAND CANYON AND FABULOUS LAS VEGAS
- SURROUNDED BY BLM LAND AND OVER 60 ACRES OF NATURAL TRAILS
- JUST WEST OF FUTURE HIGHWAY 95
- CLOSE TO INTERSTATE 40
PROPERTY SUMMARY
OFFERING DESCRIPTION
Laughlin Ranch is a 12,500 acre master planned community nestled between the Colorado
River and the Black Hills of the Mohave Desert in western Arizona. The community is part of
Bullhead City in Mohave County. Surrounding the development on three sides are public
lands managed by the Bureau of Land Management. Laughlin Ranch is currently under
development with Phase I nearing completion. The premier golfing community features a
championship 18-hole golf course, driving range and a $50 million country club with
swimming pool, gourmet restaurant, banquet and meeting rooms and world class day spa.
When complete, after an estimated 25-year build-out, Laughlin Ranch will feature 44,000
residential units, 3,000 acres of community open space, a private beach on the Colorado River
with boat launch, equestrian center, shooting range and access to over 60 miles of natural
trails. Supporting the community within the development will be mixed-use village centers
containing medical facilities, offices, service stations, marketplaces and specialty shops.
OFFERING DESCRIPTION
Laughlin Ranch will also contain commercial and industrial employment developments and a flagship shopping mall. This new southwestern town is the first of it’s kind in Mohave County. The subject property consists of Section 33 containing 640 acres and the majority of Section 28 containing 475.65 acres. The tract is part of future Phase III of Laughlin Ranch. The site has a level to sloping topography, irregular shape and desert terrain. The acreage will have access from Silver Creek Road, which extends west to east just north of the property. As Laughlin Ranch is developed, the property has a planned mixed use of low to medium high density residential and neighborhood office and commercial uses. In addition, as Phase III is developed infrastructure will be extended from Bullhead City. With the approval of a Community Facilities District Bond, the financing mechanisms will be in place to provide funding for infrastructure to the property.
The acreage is in foreclosure and is being exclusively offered by DLG Realty and Investments. The property has not been actively marketed. The lender is currently accepting a limited number of pre-market offers and is amenable to a direct sale to investors. The offering price of the property will be increased after the real estate is conferred to the open market.
Contact Person's Name: James JarrellContact Phone Number: +1 702-882-8657
Contact E-mail address: jjarrelldlgrealty@yahoo.com
Brokerage Name: DLG Realty and Investments
Submitted by: admin
Property ID Number: 11
Property ID Name: Bullhead 1117
Added: Mon Apr 21 2008
Last Modified: Wed Apr 30 2008
