Scottsdale-based Hunn Development has closed on the final 200 acres of a long-stalled master-planned tract just outside Prescott Valley, wrapping the deal on Friday, June 12, 2026. The company says it plans to build roughly 1,100 homes across multiple phases. The purchase puts a long-dormant parcel back in play as builders continue to chase land beyond the Phoenix metro. Town and county officials, along with nearby residents, can expect an extended entitlement process before any shovels hit the ground.
As reported by the Phoenix Business Journal, Hunn Development acquired the last 200 acres of the stalled master-planned community and plans to add about 1,100 homes. The Business Journal presents the acquisition as part of a broader move by developers into Northern Arizona land markets.
A Parcel With A Long History
The site has been tied up for years by shifting plans and changing ownership, with multiple concepts brought before local planners and county commissioners. Hunn Development has pursued projects in the Prescott region before, including a "Cherry Road Vineyards" winery-resort concept, according to AZBEX.
Approvals, Water And Roads Still To Be Sorted
Before any construction can begin, the land will need plats, zoning approvals and utility commitments from town and county agencies. That kind of permitting can take months or longer for large master-planned tracts. Regional meeting minutes and planning records flag the infrastructure and water questions that typically slow projects of this size; see Yavapai County P&Z minutes and the City of Prescott development summary for regional context.
What Comes Next
Hunn will have to file detailed plats and utility plans, after which public hearings and agency reviews will set the project's schedule and scope. Neighbors, local officials and homebuilders will be watching how the company phases the work and how quickly the necessary infrastructure is lined up.
