Richmond American Homes acquires 116 lots within the Horse Creek Ridge master plan community in Fallbrook, California.
October 26, 2017
Richmond American Homes of California, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC) acquires Promontory at Horse Creek Ridge, a 27.2-acre neighborhood within the Horse Creek Ridge master plan community in the unincorporated area of Fallbrook, California.
Horse Creek Ridge is a 396-acre master-planned community planned for 511 single-family detached homes and 230 detached condominium units across seven distinct neighborhoods. The master plan community is planned to include an 8.5-acre sports park complex, a private recreation center, community pools, eight smaller community parks, significant open space area, public equestrian trail staging area, and community trails that connect to Monserate Mountain Preserve and San Luis Rey River Trail.
The newly acquired Promontory neighborhood will consist of 116 blue-topped, single-family lots with an average size of almost 7,000 square feet and floor plans ranging from 3,200 to 3,800 square feet. A 0.3-acre community park will be situated within Promontory and include a play structure, open lawn area, picnic tables, and walkways.
Horse Creek Ridge is conveniently located off Highway 76 and Interstate 15 at Horse Ranch Creek Road in the unincorporated Fallbrook area of San Diego County. Horse Creek Ridge’s central location will allow easy commutes to San Diego proper, the Temecula Valley and southern areas of the Inland Empire, and even areas of Orange County. The Fallbrook area, quaint in nature, will offer residents a unique small-town living experience, minutes from the area’s more notable amenities.
“Located between southern Riverside County and metro San Diego, Horse Creek Ridge will provide home buyers an affordable alternative when compared to many of North San Diego County’s current housing options.”