San Diego Business Journal

Homebuilder Taylor Morrison Buys Rancho Santa Fe Lots for $10.2M

Friday, July 12, 2013

Taylor Morrison Homes of California LLC has acquired 29 finished estate lots in Rancho Santa Fe for approximately $10.2 million. The lots are in Montagna, a residential development located within the master planned community of Cielo.

The seller was Rancho Cielo Estates Ltd., according to a statement from brokerage firm Colliers International, which represented the buyer and seller. Colliers earlier this year represented the seller in the sale of 41 improved estate lots in Cielo to California West Communities.

The private, gated Cielo community is located on the north side of Del Dios Highway at Calle Ambiente, comprised of 1,740 acres with 528 home sites and 60 percent open space. The development includes recreational facilities and an adjacent 50,000-square-foot commercial center.

Homebuilder Taylor Morrison Inc. is based in Scottsdale, Ariz., and has a Southern California division in Irvine, according to its website.

— SDBJ Staff Report