White
Will the Hoover Dam Bypass bridge scheduled to open in 2008 make White Hills, AZ the next real estate hot spot? Some local officials, developers and investors are banking on the fact that the dam will make Las Vegas more accessible for commuters, knocking 30 minutes off their commute time.
Two lots (640/625 acres) are up for sale in White Hills for $130M. Developers believe they will double in value once the bypass is completed. Other features they hope will attract developers and investors to the area include:
1. The area has been zoned for urban use including residential, commercial and industrial. 5 Single family homes per 1 acre / 12 townhouses per 1 acre or 25 condominiums per 1 acre. No greenery set-back due to desert living.
2. Rhodes Homes received approval for their master-planned communities in White Hills. In September 2005, Rhodes Homes sold 69 single family homes in four hours. Homes were being sold from $184,900.00 – $249,900.00 ranging in size from 1,623 – 2,360 square foot.
3. Projections show acreage in White Hills, Arizona will increase 50% by 2007 and 100% by the opening of the Hoover Dam bypass.