MARANA, Ariz., Sept. 28 /PRNewswire/ -- An investment by Google pioneer Ray Sidney in The Residences at The Ritz-Carlton, Dove Mountain near Tucson, AZ has signaled an "all clear" to snowbirds seeking a second home in a perfect golf resort climate. Sidney's capital infusion has eliminated all community debt creating lower cost opportunities for luxury home buyers interested in purchasing the highly-personalized homes or custom estate homesites.
David Mehl of Cottonwood Properties, Inc., developed this extraordinary property nestled in the foothills of the Tortolita Mountains. The homesites are placed strategically along the 27-hole Jack Nicklaus Signature Golf Course and near The Ritz-Carlton, Dove Mountain luxury resort hotel.
"To have the community debt-free, with all amenities completed and operating, is rare given these economic times," explains Mehl. "By responding to the financial environment with a new capital structure, we are able to re-price our homes and homesites at about $400 per square foot. This is in line with today's 'new normal' providing an unparalleled Ritz-Carlton lifestyle at an irresistible value to buyers."
Google pioneer, Sidney's investment in The Residences at The Ritz-Carlton, Dove Mountain fits with his personal mission to invest in and develop sustainable real estate projects. A Harvard graduate with a PhD from MIT, Sidney joined Google in 1999 as a software engineer, becoming Google's third employee.
"The Residences offers a great opportunity for us to create responsible and sustainable luxury living, something I'm passionate about," says Sidney.
Already underway, the initial residential phase of The Residences at The Ritz-Carlton, Dove Mountain will have 110 highly-personalized homes featuring the finest in design and finishes, together with 16 custom estate homesites. New prices for the Amolillo single family homes start at $1.1 million; Seven Saguaros single family homes start at $1.5 million; and custom fairway homesites start at $590,000; villas start at $925,000; and Rockpoint Ridge custom homesites start at $605,000. Visit The Residences for more information and incentives.
Property owners and Golf Club members will enjoy the wide array of amenities and impeccable service all managed by The Ritz-Carlton. The community features miles of world-class hiking trails, unparalleled access to The Ritz-Carlton's new 250-room resort and spa, and dedicated "members-only" access to the 27-hole Jack Nicklaus Signature Golf Course and the facilities of The Ritz-Carlton Golf Club.
SOURCE The Residences at The Ritz-Carlton, Dove Mountain