Land Development Opportunities Parcels A & Parcel D These parcels lie at the entrance to the resort on Kings Ranch Road, (the main arterial through Gold Canyon off of US 60. One on either side of the entrance. This is an opportunity to plan both at the same time for ultimate design and optimum return on investment. The Resort Entrance can be redesigned to provide equal opportunities on both sides, and showcase the resort. Parcel A, a 16.6 acre parcel north of the resort entrance that is currently planned and zoned for 93 townhouses. (See Conceptual Plan Enclosed) There is street frontage on 3 sides of this parcel and golf course frontage on the 4 th side. This parcel also has great views of Dinosaur Mountain and the Superstition Mountains. This is an extremely valuable and versatile parcel. See Conceptual Plan Enclosed. Parcel D, a 3.79 acre parcel, south of the entrance is zoned CB-1. (4.3 units per acre) There is street frontage on 2 sides of this parcel, also with views of Dinosaur Mt. and the Superstition Mountains. One option is to combine these parcels, to relocate and improve the resort entrance. A nationally affiliated hotel could be built with some commercial development at the entrance while adding some type of product like the townhouses on the other side of the entrance. These 2 parcels, on either side of the entrance, can be used to define the resort and offer the size and flexibility to completely recreate the vision of the resort and its additional opportunities. Whatever the final design and product placed of these parcels turns out to be, this can be the defining element that sets this resort apart from others. Some conceptual Contemporary SW Architectural Style examples are available for possible design ideas. 18
Parcel A 93 Townhouses Conceptual Plan With 16,000 Sq. Ft. of Commercial Development Conceptual Elevations of Townhouses 19
Parcel A Conceptual Plan 93 Townhouses & 16,000 Sq. Ft. Commercial Development On King s Ranch Road (Major Arterial) Note: Streets on 3 sides of parcel Possible Additional units with underground parking. 20
Arial Photo of Parcels A and Parcel D Both parcels A & D are located at the resort s entrance on King s Ranch Road Total Acreage for both parcels: 20.39 acres Zoning: Parcel A: CR-5 (approved for 93 townhouses & 16,000 sq ft of commerical Parcel D: CB-1 Combining and reconfiguring both parcels may be an option to optimize land use and improve the resort entrance. Could be a great hotel site. 21
Parcel B 25 Acres Conceptually Planned 25 acre parcel between Dinosaur Mt. golf holes #3 and #16. This parcel has been conceptually planned for (20) 1¼ acre custom lots. This is a beautiful parcel on a hill overlooking the Dinosaur Mt. Golf Course, Dinosaur Mt., and the Superstition Mountains. There is a high end custom home lot subdivision, Vista del Corazon on the Dinosaur Mt. course now. There were 173 original lots in this subdivision. There are approximately 30-40 lots that have not sold, and additional lots for resale. Custom lots may not be the highest and best use for this parcel. Absorption could be slow. A market study will determine highest and best use. Land on this parcel is hillside land. The lighter strip of land on the right side of the hill s steep, but the majority of the land in this parcel, on the left side is flatter and more buildable. Utility and street access is available at either end of the parcel. Great elevated views from this land. 22
Parcel C A 10 acre parcel on Dinosaur Mountain just uphill from the existing casitas. This parcel could possibly be developed for additional casitas, timeshares, or condos/townhouses. This is next to the existing casitas, and is beautiful elevated land with great views of the mountains and golf course. This is as pristine as it gets. 23
Parcel E A 5 acre parcel zoned CB-2, on the Dinosaur Mt course between holes #1 and #18. A conceptual plan on this parcel is available and with 64 casitas matching the existing casitas already built at the resort. This is 12.8 units per acre. This plan also shows some improvements to the resort lodge and golf facilities. This plan actually uses the Dinosaur Mt. Hole #1 fairway for the casitas development and moves the # fairway and green onto Parcel E which is contiguous. Utilities and access are improved by this plan. 24
Parcel F This 6.59 acre parcel is on the North side of Dinosaur Mt. and abuts Sidewinder Golf Course Hole #1 fairway and lake. It is at final plat stage, planned for 46 (3) story townhouses. Utilities and roads are to the parcel. A full package on this parcel is available. KSE Design Group is the engineering firm taking this project through Pinal County. (Craig Smith-Principal) See enclosed Conceptual Plan. craig@kseag.com Lot layouts, elevations, floor plans, unit sizes, utilities info, etc., are available on this project. Final Plat is 60 days away. 25
26 Photo shows development location of Cholla Ridge abutting golf course on the side of Dinosaur Mountain.
#5: Surrounding Area Developments Hole #4, Dinosaur Mt. Course (Photo Taken From Tee Box) 27
Golf Canyon residential development has been developed in 4 major developments with miscellaneous small developments, wildcat subdivisions. The general state of the Gold Canyon Real Estate Market is good due to the beauty of the area and surrounding area new growth. Gold Canyon is a mecca for Canadian Snowbirds and retired groups. The average income in Gold Canyon is over $80,000. There are a lot of custom homes on the market with many of these spec homes. *****The townhouse/condo market is great. There were only a handful of units on the market, and none were on a golf course. The average age of the units for sale was over 10 years old. Local realtors told us that units on the Golf Course will sell immediately. This is an opportunity at the resort, since most of the developable land that goes with the resort is perfect for developing townhouses, condos, or commercial development. General Gold Canyon Real Estate: http://www.myazhomefinder.com/areas/gold_canyon Superstition Mountain Development www.superstitionmountain.com This is a large, private, and exclusive development just west of Gold Canyon Golf Resort. This development contains 2 immaculate Jack Nicklaus designed golf courses and a private country club. This is one of the valleys most desirable addresses. This development is 50% built out. Many of the residents are only part-time with this being their second home. 2,000-3,500 sq. ft. floor plans are available for $500K-$700K. Custom lots range from $100K- $600K. Larger lots start at $800K and go up into the multi-million dollar range. Mountain Brook Village www.mountainbrookvillage.org A Shea Homes & UDC Homes 55+ adult community comprised of full time residents and snowbirds. This popular Gold Canyon retirement community is developed around small village-type communities, with 1659 homes and casitas of various models. This development is just south of the resort and abuts some of the Resort Dinosaur Mt. Golf Course and the Sidewinder Golf Course. This development offers an easy living lifestyle. This community has one public golf course, 2 community centers, pickle ball courts, a fitness center, tennis courts, bocce ball courts, and swimming pools. Resale home prices range in price from $250k to $450K. On the MountainBrook Village website there were numerous people inquiring about 2015 winter rental opportunities. Mountain Brook Village has no commercial development. 28
Peralta Trails http://www.peraltahoa.com/news.html This is a gated Del Webb community just east of Gold Canyon Golf Resort. It was started in 2001 and completed in 2008. The community is an all age community with a community pool, community fitness center, and library and elementary school. This community is comprised of 832 single family homes in gated neighborhoods. These homes currently sell from $150K (1100 sq. ft.) to $300K (2580 sq. ft.). There is no commercial development in this community. Vista del Corazon www.vista-del-corazon.com This is a high end custom lot subdivision of 173 lots many on the Dinosaur Mt. Golf Course. There are only 30 or 40 that have not sold. On the Vista del Corazon website, homes in this subdivision are selling from $795K to $1.5M and lots are averaging $196K per lot. There are numerous custom homes under construction in this subdivision at this time. The Public Report for Vista del Corazon is available upon request. (This report could help builders with due diligence.) 29