Shea Homes purchased 430 acres in Montgomery County from Crown Ranch Development, LTD for the development of a 1,000-home community.
Located near the Aggie Expressway along FM 1286, the community is expected to take about eight years to fully build out. Shea Homes Houston Division President Keith Luechtefeld estimates the first round of homes could hit the market in 2025.
“This land checks a lot of boxes when it comes to residential development,” Luechtefeld said in a press release. “It has naturally beautiful wooded topography as well as easy access to Highway 249, which now stretches uninterrupted from Beltway 9 to Highway 105.”
John Burke and Rob Whitaker of NewQuest Properties represented Crown Ranch Development, LTD; Paul King of Texas Land and Commercial Properties represented Shea Homes.