Miller Avenue (the “Property” or “Site”) is a fully entitled infill site located in the City of Fontana, providing 95 single family detached lots with a typical lot size of 7,200 square feet. The Property is unimproved and will be delivered “as is” with two connecting tract maps that provide 75 lots with a final map recorded and 20 lots with a final map ready to record.
Miller Avenue represents an excellent opportunity to accommodate community count and deliver homes on large lots within the core Inland Empire, and is ideally situated in West Fontana, proximate to major thoroughfares that provide access to the region’s primary employment, shopping and recreational centers. The Property is located next to two active neighborhoods by Lennar Homes, Vista Paseo and Camino Pacific at The Trails (“The Trails”), which are situated on 4,500 square foot minimum lots and represent two of the best performing projects in the Inland Empire, which combined to sell 7.5 homes per month since opening. The only other neighborhood featuring 7,200 SF lots, Lennar’s Northwoods, recently sold out. The Northwoods community sold 4.14 homes per month over the life of the project and had average pricing of $530,000 with a 1.95% tax rate. Miller Avenue offers a builder the unique opportunity to capture from traffic from the Trails and segment from a lot size, square footage and pricing perspective.