American Homeland, represented by Kevin Nguyen, purchased an additional 30-acre tract from Audubon Plantation for the new Mallard Park subdivision off Hoo Shoo Too Road. The sale closed last week for $1,538,640 or about $51,288 per acre. This is the second tract that has been assembled for the development, which is sandwiched between Montrachet and Mallard Lakes subdivisions. Mallard Park's first filing will be developed with about 65 lots that measure about 150 feet front and will be highly restricted. The layout has 30% greenspace and open areas that are improved with walking trails. Many of the proposed median areas are heavily landscaped and have fountains, and the entire community will be gated. The subdivision will complement the adjoining Montrachet and Mallard Lakes and should be a welcome addition to the area.
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)
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