Colliers broker Lennar Homes acquisition of an 11-Acre, 64-home Res Development Site in Poway for $24.5M ($382K/lot)

  • 10/31/2024

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Lennar Homes acquired Harmon Ranch on Oak Knoll, a 10.87-acre land development site in Poway, for $24.5 mil. The land is fully approved for 64 single-family homes.

Located at 12624, 12650 and 12702 Oak Knoll Rd, the property provides convenient access to a variety of local hotspots in the city, including restaurants, gyms, car dealerships and shopping centers. Additionally, Harmon Ranch is less than a 30-minute drive from downtown San Diego and within a two-hour drive from Los Angeles and Riverside, making it a prime location for urban convenience and suburban comfort.

Lennar Corp. (NYSE: LEN)
Jeff Gunderson | SVP - Land Operations

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