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Dorado Master Planned Community, Golden Valley, Arizona, Bank-Owned
DISCOUNTED: 26%APPRAISED VALUE:
OFFERING PRICE: $25,900,000
DORADO MASTER PLANNED COMMUNITY
1,747.49+/- ACRES VACANT LAND
APPROVED FOR MIXED USE DEVELOPMENT
GOLDEN VALLEY, AZ
PRE-FORECLOSURE INVESTMENT OFFERING NEAR KINGMAN, AZ
MIXED USE RAW LAND, BANK OWNED
Appraised Value: $35,000,000
Discounted Offering Price: $25,900,000
Offered at 74% of Appraised Value
Property Details
1,747 ACRE MASTER PLANNED COMMUNITY NEAR KINGMAN, ARIZONA
Location
N. Teddy Roosevelt Rd.
Golden Valley, Arizona
Marketed Exclusively by:
DLG REALTY AND INVESTMENTS
LAS VEGAS,NEVADA
PHYSICAL LOCATION North Teddy Roosevelt Road, West Agua Fria Drive and West Chinle Drive, Golden Valley, Mohave County, Arizona 86413
COUNTY Mohave
ASSESSOR’S PARCEL NUMBERS (APN)
339-04-059 (1,277.49+/- Acres)
339-15-174 (160.00+/- Acres)
339-04-031 (310.00+/- Acres)
TOTAL LAND/AREA 1,747.49+/- Acres
ROAD FRONTAGE North Teddy Roosevelt Road, West Agua Fria Drive, Estrella Road, West Zuni Drive, North Laguna Road and West Chinle Drive
TOPOGRAPHY Desert Terrain
SHAPE Irregular
ZONING
Suburban Development Area (SDA) (800+/-Acres)
Rural Development Area (RDA) (947.49+/- Acres)
APPROVED LAND USES Planned Unit Development (PUD)
Low Density Residential (987+/- Acres)
Medium Density Residential (159+/- Acres)
Light Industrial (20+/- Acres)
Public Facilities (20-24+/- Acres)
Open Areas/Drainage (+/-342 Acres)
Roadways (+/-88 Acres)
UTILITIES Electricity Available to Site
DORADO MASTER PLANNED COMMUNITY
- 1,747.49+/- ACRES
- BREATHTAKING PANORAMIC VIEWS OF MOHAVE DESERT AND HUALAPAI
MOUNTAINS - QUIET PEACEFUL SURROUNDINGS
- EXCELLENT VISIBILITY AND ACCESS
- COUNTY MAINTAINED PAVED ROADS SURROUNDING PROPERTY
- APPROVED LAND USE FOR MASTER PLANNED COMMUNITY
- 987 ACRES - UP TO 3,440 SINGLE-FAMILY RESIDENTIAL UNITS
- 159 ACRES – UP TO 1,330 PATIO HOMES, DUPLEXES AND MULTI-FAMILY UNITS
- 95 ACRES OF NEIGHBORHOOD RETAIL AND OFFICE LAND
- SOUTHEAST OF LEGEND RANCH MASTER PLANNED COMMUNITY
- ONE-HALF MILE NORTH OF STATE HIGHWAY 68
- CLOSE TO INTERSTATE 40 AND U S HIGHWAY 93
- LOCATED IN MOHAVE COUNTY, THE FASTEST GROWING COUNTY IN ARIZONA
- MINUTES FROM KINGMAN, BULLHEAD CITY, COLORADO RIVER, LAKE MOHAVE
AND LAUGHLIN, NEVADA - SHORT DRIVE TO LAKE HAVASU, GRAND CANYON, LAKE MEAD NATIONAL
RECREATIONAL AREA AND FABULOUS LAS VEGAS
DLG Realty & Investments is pleased to offer a +/-1,747.49 acre mixed-use site located one-half mile north of Highway 68 in Golden Valley, Arizona. The property has been approved for development as a Master Planned Community called Dorado. The acreage offers excellent visibility, access and spectacular views of the surrounding desert landscape. County maintained roads surround the offering on all sides. Sacramento Wash extends through the western side of the acreage providing natural drainage to the property. The property is level at street grade with a level to sloping topography. On the northwestern side of the property is Legend Ranch. This Master Planned Community encompasses +/-15,000 acres with all of the units being sold.
As Dorado is developed, the property has a planned mixed use of low to medium density residential, neighborhood office and commercial, light industrial, public facilities and parks and open spaces. There are +/-987 acres approved for 3,440 low density single-family residential units and +/-159 acres approved for 1,330 medium density residential units including patio homes, duplexes and multi-family dwellings. In addition, there are approximately +/-95 acres planned for neighborhood commercial uses, +/-20 acres for a light industrial and research park, +/-20 acres for two schools and +/-372 acres for parks, open areas and natural drainage.
The property has the advantage of offering a peaceful picturesque setting yet is convenient to employment centers, hospitals, schools, retail centers, transportation facilities, and cultural and recreational venues. The main thoroughfares extending through the area include Interstate 40, U.S. Highway 93 and Highway 68. These roads not only provide direct access to the nearby cities of Kingman and Bullhead City but also afford convenient access to the Grand Canyon, Colorado River, Phoenix, Lake Mohave, Laughlin, Nevada and fabulous Las Vegas.
The acreage is in pre-foreclosure and is being exclusively offered by DLG Realty and Investments through OneCap Mortgage. 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.
DORADO
THE WAY THE WEST SHOULD BE
Dorado’s location puts families and residences close to great recreation such as:
The Colorado River & Lake Mohave
The Tranquil West Rim of the Grand Canyon
Laughlin Entertainment & Gaming Excitement
Dorado will also put families and residences close to each other inside a master planned community that offers:
Horse trails & walkways connecting all folks living in Dorado to area parks, open spaces and each other
An equestrian center, Horse Park and Rodeo Arena; a special place for Golden Valley’s special events
Sport Parks with plenty of space were kids will have an opportunity to play freely and grow up safely
Dorado Town will be a focal point for the community and by donating land for Education, Government,
and Community Services we can insure a vibrant Downtown for everyone in the Golden Valley
area and their families.
Dorado Town is where Golden Valley will come alive with activity. Main Street is where you’ll find:
Your Mayor, Your Councilmen, Your Sheriff & Your Lawyer
Your Teacher, Your Pastor , Your Doctor & Your Banker
Your Grocer, Your Baker, Your Barber & Your Beautician
Dorado Town, a place where people will meet, neighbors can be neighbors, a true town with western style values.
Dorado is a place where everyone will be welcome:
Large Estates will accommodate the gentleman cowboy looking for wide open spaces
Spacious Lots will give Snowbirds enough room for RV storage and hookup
Affordable Lots with enough size to offer hard working men & their families’ room to build & grow
Dorado will offer our seniors and teachers affordable convenient housing options like our Town Lofts
Dorado Town will be a place that will allow everyone to get out, stretch their legs, and stroll around. Just like the old west, Dorado Town will include Government Services and a Village Plaza as the focal point for social interaction and community events.
Creating a home for Snowbirds at Dorado is important to Golden Valley’s local economy. Dorado Snowbirds will love Dorado home sites. By offering RV owners what they are looking for, Dorado will give our Snowbirds room to breathe with parking space and RV hookups right on their lot. Kids of course are the future, and the community’s primary focus. Good schools will be one of the main reasons people choose to live at Dorado. In addition, security, emergency services, health care and employment opportunities will be carefully planned to ensure our community’s well being.
As Dorado looks towards to the future we want to see Golden Valley transformed by our commitment to the area.
The western section of Arizona has earned the nickname “Arizona’s West Coast” due to the area's breathtaking location along the shores of the spectacular Colorado River, near the junction of Arizona, California and Nevada. Golden Valley is a thriving bedroom community of Kingman and where striking scenic beauty provides a backdrop for a variety of attractions and outdoor recreational activities. Golden Valley is part of Mohave County, the fastest growing county in Arizona. Kingman, “The Heart of Historic Route 66” contains the longest remaining portion of the original highway as well as being the gateway to the western rim of the Grand Canyon, Hoover Dam, London Bridge and the City of Las Vegas. Laughlin, Nevada, located a few miles west of Golden Valley, is located just across the Colorado River and offers a host of activities including gambling, top name entertainment and gourmet dining. Golden Valley, situated near Routes 93, 68 and Interstate 40, is convenient to Bullhead City, Lake Havasu City, Lake Mohave, Lake Mead National Recreational Area, the Grand Canyon, Phoenix, Arizona and Las Vegas, Nevada.
Kingman serves a trade population exceeding 200,000 and with over 300 days per year of sunshine and an average annual temperature of 74.5 degrees, the Kingman/Golden Valley area boasts of over six million visitors a year. Tourism generates $1.2 billion in revenue each year. The median age for the population is 45.8 years and the average age is 42.3 years. The low median age of the area provides a strong source of workers as well as serving to attract corporations seeking an affordable work force. This contributes to the areas low unemployment rate of only 4.3%, which is below the national average. Between 2000 and 2007, Mohave County experienced an 18.65% growth rate and the population is projected to grow by another 14.00% over the next five years. Mohave County’s population grew at three times the national average and is expected to continue to outpace the country over the next several years.
Mohave County’s expanding population can be attributed to several factors. In addition to the mild climate, low unemployment rate, scenic views and “gateway” location, Mohave County also offers affordable land. The area has attracted an influx of people from all over the country, including young professionals, empty nesters and retirees. As a result, the real estate market is one of the fastest growing segments of the region’s economy and has resulted in the expansion in the number and variety of affordable homes in the area. This is a dynamic area for investment opportunities as vacant land in the Las Vegas Valley is becoming increasingly scarce and land prices have increased to record levels. The diminishing land supply in Las Vegas and increasing costs are making the Golden Valley area a very viable alternative for residential developers. The local market benefits from its diversified economy, low cost of living, abundant attractions and outdoor recreational activities, temperate climate and picturesque settings. These factors contribute to a strong economy and continued growth in the foreseeable future.
Contact Person's Name: James Jarrell
Contact 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: 13
Property ID Name: Golden Valley 1750
Added: Tue Apr 22 2008
Last Modified: Wed Apr 30 2008
