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Developers to begin sale of lots at Sereno Canyon
Information for Buyers
Peter Corbett
The Arizona Republic
Mar. 14, 2007 12:00 AM
Developers of Sereno Canyon, a 330-acre custom-home development east of Troon, plan to start sales this month on the first phase of the project.
Crown Community Development, based in suburban Chicago, will release 46 of 122 lots.
Sereno Canyon is about four miles east of Pima Road near 122nd Street and Alameda Road, south of Happy Valley Road.
It will include home sites that average 2.5 acres, with prices from $700,000 to $2 million.
The custom homes will be at least 3,500 square feet and the average construction cost will start at around $2 million.
Crown intends to start lot sales when it receives its public report, expected by late March, Sereno Canyon spokeswoman Jody Steele said.
The roads are being graded and Crown plans to start sewer- and waterline construction within two months, she said.
Home sites disappearing
Scottsdale is running out of developable land, and Sereno Canyon is one of the area's few remaining sites for a community of more than 100 homes.
Other luxury projects under construction include:
• Pinnacle Peak Place, with 80 homes priced from $1.5 million to $3 million at Pima and Happy Valley roads.
• Privada, 51 homes starting at $1.4 million adjacent to the Four Season Resort Scottsdale.
Sereno Canyon is north of the McDowell Mountains and adjacent to the McDowell Sonoran Preserve.
An improved trailhead into the preserve is planned at 128th Street, but public access already is available into the McDowells.
Building area limited
Crown is planning to keep about a third of Sereno Canyon's acreage undeveloped.
It will include a community center called the Retreat that will include a negative-edge pool, fitness center, outdoor fireplace and barbecue facilities.
Construction on the community center is expected to start in January and will take about 18 months.
The name Sereno Canyon does not come from an actual place in the McDowells.
Crown is using the word sereno - Spanish for serene - to describe the community's undeveloped setting.
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