Home Finance MainVue Homes Buys 71 Parcels of Land near Auburn for $10.2MM

MainVue Homes Buys 71 Parcels of Land near Auburn for $10.2MM

Bothell development

Two LLCs associated with Theodore McCaugherty of Seattle sold 71 parcels of land in unincorporated King County near Auburn to Bellevue-based MainVue Homes for $10.2 million. MainVue Homes is part of Melbourne, Australia-based Henley Properties Group and partners with Tokyo, Japan-based Sumitomo Forestry Group. Together, the partnership builds 13,000 homes a year in Australia, Japan and the United States.

The 71 parcels vary in price with the most expensive plot of land topping out at $74,000 and the cheapest at $5,000. The land is currently vacant and undeveloped. The properties sit just off of S. 356th St. and 52nd Ave S. They’re also bordered between Hwy 167 and Military Rd. S. Nearby are a number of small lakes including Spider Lake, Fivemile Lake, Lake Geneva and Lake Killarney. The South County Ballfields and Five Mile Lake Park are also close by.

While MainVue was unavailable for comment on this recent land acquisition, the company’s history points to the possibility of a large housing development in Auburn, which would be the company’s second housing development in that area.

MainVue made their Washington debut at World of Homes at The Bridges in Auburn and then at another development, Stonewater Creek just outside Mill Creek, according to the company’s website. Additionally, the group has a second World of Homes at Parkhaven in Bothell and another complex of homes at Oakleigh in Kent.

Calls to city officials on the potential plans for the land also went unanswered.