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For a reported $34.4 million

Taylor Morrison Homes buys Carmel Valley land

A total of 28 residential acres along the north side of Highway 56 just south of Carmel Valley Road in Carmel Valley have been sold for a reported $34.4 Million.

David Santistevan, Gunder Creager and Ciara Layne-Trujillo of Colliers International represented both the seller, Lin Family Trust and the buyer,Taylor Morrison Homes.

Taylor Morrison plans to develop two approved, residential developments named The Elms and The Ivy totaling 146 market rate lots and 28 affordable housing units. The Elms will include 87 homes on 4,000 square foot lots and The Ivy will include 59 alley-loaded homes.

“The site is situated in Pacific Highlands Ranch which is the best future housing supply in all of San Diego County," said Santistevan," a Colliers senior vice president.

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