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K. Hovnanian Homes wins prime 52.9-acres of Desert Ridge land at SWC 56th Street and Ranger Drive for $71.1M ($1.3M/acre)

  • 9/23/2025

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Phoenix Business Journal

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A coveted 53-acre state land parcel adjacent to a luxury resort near Desert Ridge sparked a bidding frenzy, with a New Jersey builder emerging as the winner.

Hovnanian Enterprises Inc. (NYSE: HOV)
Michael Fulmer | Division President, Phoenix
[email protected]
602-989-1093

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