Home AEC Richmond American Homes Buys Multiple Parcels in Lake Stevens for $12.2MM

Richmond American Homes Buys Multiple Parcels in Lake Stevens for $12.2MM

Puget Sound, Richmond American Homes, Snohomish County, Robinett Brothers, Kent, Newland Communities, Tehaleh by Newland, Bonney Lake, Everett, Sage Homes Northwest, Marysville, Lake Cassidy, Lake Martha, KB Homes, Los Angeles, Land Pro Group
Courtesy of Dakota Roos

By Kate Snyder

A Colorado-based homebuilder that has in recent months been buying up swaths of vacant land in the Puget Sound region returned again with another purchase. Richmond American Homes bought multiple parcels of land in Lake Stevens for $12.2 million, according to Snohomish County public records. The seller was an entity affiliated with Robinett Brothers, a homebuilder based in Snohomish. 

The vacant land is situated on multiple parcels and has several addresses, including 10510, 10530, 10626 and 10720 132nd Ave. NE as well as addresses on 135th Avenue NE. Many of the parcels are about one acre each in size. The sale involved 30 parcels, according to public records.

Richmond American Homes has been in operations as a homebuilder throughout the United States for several decades. In the 1970s, the firm’s 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.

The company has a regional office in Kent and has been active for years in the Puget Sound region. Earlier this year, the company bought at least 37 parcels of vacant land in Bonney Lake for $10 million. Most of the parcels were under an acre each, according to previous reporting from The Registry. The seller was an entity affiliated with Newland Communities, one of the developers of Tehaleh by Newland, a new housing development near Bonney Lake.

In another deal earlier this year, the firm purchased at least 20 acres in Marysville for $16.8 million. The seller was Everett-based Sage Homes Northwest. That land had 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.

The firm isn’t the only homebuilder that has shown interest in Lake Stevens’ vacant land recently.

Earlier this month, KB Homes, a homebuilder based in Los Angeles that operates throughout the United States, bought approximately 25 acres of land in Lake Stevens for $16.9 million. The seller was an entity affiliated with Land Pro Group, Inc., another homebuilding firm based in Lake Stevens. The land involved in the transaction was recorded as three parcels. Two of the parcels, each totaling about 10 acres, had addresses at 11927 and 12009 20th St. SE, and the third parcel, about five acres, has an unknown address.