Home AEC Richmond American Homes Buys 20 Acres in Marysville for $16.8MM

Richmond American Homes Buys 20 Acres in Marysville for $16.8MM

Richmond American Homes, Marysville, Snohomish County, Everett, Sage Homes Northwest, Lake Cassidy, Lake Martha, Centennial Trail Park, MDC Companies, Puget Sound, Lakewood, Evergreen Court, Colonial Court, Garden Park

By Kate Snyder

A vacant parcel of land in Snohomish County traded hands, possibly heralding new development sometime in the future. At least 20 acres in Marysville was purchased for $16.8 million by an entity affiliated with Richmond American Homes, a homebuilder based in Colorado with a regional office in Kent, according to Snohomish County public records. The seller was Everett-based Sage Homes Northwest.

Property records show that the parcel has an unknown address but is located on the east end of Marysville, off of Washington State Route 9 and across the street from both Lake Cassidy and Lake Martha as well as the lakes’ wetlands park. Centennial Trail Park is also nearby.

In the 1970s, Richmond American Homes’ parent company, M.D.C. Holdings, Inc., formed Richmond Homes Limited to pursue building single-family homes, according to the firm’s website. Currently, the companies now operating under the Richmond American name have communities under construction in Alabama, Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia and Washington. M.D.C. was founded in 1972, and since 1977, the firm’s subsidiary has built more than 230,000 homes throughout the country.

Richmond American Homes’ plans for the recently-purchased parcel in Snohomish County have not yet been released.

Sage Homes is a homebuilder with properties and single-family developments in process throughout the Puget Sound region, according to the company’s website.

The firm recently purchased a three-property apartment portfolio in Lakewood for $20.5 million, or approximately $157,692 per unit, according to The Registry’s previous reporting. Properties included in the portfolio purchase were the 40-unit Evergreen Court, the 41-unit Colonial Court and the 49-unit Garden Park.