k@model XIPHIAS_Real_Estate.ViewModel.Property_List Red Ledges | Xiphias Immigration

Red Ledges

Utah, United States of America
$800,000 Available
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Red Ledges

Utah, United States of America
$800,000( Price Only ) Available

The Project’s master plan has a total of 1,210 home sites of which 850 home sites have been sold. The project consists of 7 Phases. The first four phases of the Project were completed between 2007 and 2020. Development work has been completed in Phases 1-4 which included roads, utilities, residential building pads, common area landscaping, and other site improvements. Amenities completed during the first four phases and now operational include two golf courses, Golf School, Tennis School, clubhouses with dining areas and locker rooms, pools with water slides and kids play area, hot tubs, tennis courts, equestrian center, fitness center, yoga studio, pickleball court, trails, and a golf practice area.The EB-5 “Project” consists of Phases 5-7, these final three phases will be completed between 2021 and 2027 at a total development cost of $422.1 million. This will bring additional infrastructure, including the construction of roads, utilities, landscaping, park improvements, and trails. Vertical construction during the final three phases will include the addition of common-area amenities, condominiums, and the construction of single-family residences. The Company’s home building program released 23 single family residences which will be completed Fall 2023. Average sales price of $2.5M. Of the 23 homes built, 10 are closed, pending or under reservation with all to be closed by the end of 2023. We are under construction on a phase of 17 buildings with 3 units/building for a total of 51 units. We are under construction on 3 buildings with a model. Opening model date is August 2023. We will have 9 sold by end of 2023 with the first closings in 2024. Home building will break ground on 40 units in spring 2024, due to demand of the product.

Property Features
  • Property Type : Project
  • Total Area : 2000 acre
  • Bedrooms : 1+
  • Rent/Sale : Investment