Mortgage And Real Estate News

Tuesday, May 15, 2012

Builder rolls out Line K at Pinnacle Peak Place

Piet Boon has a new look for north Scottsdale homes.

The Dutch designer and K. Hovnanian Homes are unveiling a line of contemporary semi-custom homes this weekend at Pinnacle Peak Place, a mile from of the city's iconic peak.

A four-bedroom model home opens Saturday in this gated community northeast of Pima and Happy Valley roads. Prices range from $700,000 to $820,000.

The interior of the 3,874-square-foot model home stands out with its stark white walls, modern lines and an abundance of disappearing glass walls and outdoor living space. That includes a reflecting pond in a breezeway, infinity-edge pool and a shower and soaking tub outside the master bathroom.

"The desert view is so incredible," Boon said in explaining the openness of his Arizona designs.

"It's so different with the boulders and cactus."

Boon is an interior and furniture designer based in Amsterdam, the Netherlands, with an international list of clients.

Boon joined with K. Hovnanian Homes, based in Red Bank, N.J., a year ago to create the builder's Line K of contemporary homes with its rollout in Scottsdale.

The result is a design that runs counter to the sameness of the Tuscan, Mediterranean and Spanish architecture so common in the gated communities across Scottsdale.

"We think there are people who are tired of Tuscan, tired of the traditional styles here," said Jack McSweeney, K. Hovnanian Homes Phoenix Group director of architecture.

It is a design that will appeal to younger buyers who are used to a more modern aesthetic as well as to Baby Boomers, he said.

The stonework and the exterior color schemes at Pinnacle Peak Place are similar to the surrounding homes but the sleeker lines and optional metal roof are less common for the area.

Pinnacle Peak Place was first developed in 2006 by the Pivotal Group Inc. and Geoffrey H. Edmunds & Associates Inc.

It was to include 80 homes on 124 acres.

In those boom times, the homesites were priced from $395,000 to $975,000, and homes of 4,000 to 6,000 square feet were offered at $1.5 million to $3 million.

Twenty-one homes were built, including a $3.3 million property in October 2007, but much of the community remains undeveloped.

K. Hovnanian Homes has 26 lots that it acquired earlier this year, McSweeney said.

It is offering three models with variations in floor plans.

All of them include four bedrooms, three-car garages and 31/2 or 41/2 bathrooms.

Prices start at $700,000 for a home of 3,305 square feet up to $820,000 for 3,874 square feet. Each lot is close to an acre in size.

Send real-estate news to peter.corbett@arizonarepublic.com. Follow him on Twitter @petercorbett1.

Line K debuts

What: K. Hovnanian Homes at Pinnacle Peak Place.

Where: 25851 N. 89th St.

Contact: 480-656-2789, khov.com or pietboon.com.

by Peter Corbett - May. 11, 2012 01:15 PM The Republic | azcentral.com




Builder rolls out Line K at Pinnacle Peak Place

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