McCormick Ranch
Encyclopedia
McCormick Ranch, located in Scottsdale, Arizona
, can today be recognized as one of the largest planned residential communities
in Arizona.
Its history begins in 1942, when the land was owned by Merle Chaney. This ranch, the largest ranch in the City of Scottsdale (160 acres), was sold to the McCormick family in the mid 1940's. The McCormicks had also purchased large amounts of land adjacent to the original purchase from Merle Chaney. The ranch was primarily used as a winter home by the McCormicks, as they admired the warmer climate.
Anne McCormick was the primary overseer of the ranch's operation, and spent a lot of time at the ranch. She was also responsible for bringing Arabian horse
s to Scottsdale (today, one of McCormick Ranch's major arteries is named Arabian Trail).
Upon Anne McCormick's death, a portion of the McCormick's land, about 4236 acres (17.1 km²), was sold to Kaiser-Aetna in the summer of 1970. The total purchase price was just over 12 million dollars, or 5 cents per square foot. Kaiser-Aetna then hired Richard F. Boultinghouse to plan a residential community on the land. The community was then developed in a series of phases, including several parks and man-made lakes. Today, the median home price
for a home in McCormick Ranch (about 2,500 sf) is about $550,000.
Scottsdale, Arizona
Scottsdale is a city in the eastern part of Maricopa County, Arizona, United States, adjacent to Phoenix. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385...
, can today be recognized as one of the largest planned residential communities
New town
A new town is a specific type of a planned community, or planned city, that was carefully planned from its inception and is typically constructed in a previously undeveloped area. This contrasts with settlements that evolve in a more ad hoc fashion. Land use conflicts are uncommon in new...
in Arizona.
Its history begins in 1942, when the land was owned by Merle Chaney. This ranch, the largest ranch in the City of Scottsdale (160 acres), was sold to the McCormick family in the mid 1940's. The McCormicks had also purchased large amounts of land adjacent to the original purchase from Merle Chaney. The ranch was primarily used as a winter home by the McCormicks, as they admired the warmer climate.
Anne McCormick was the primary overseer of the ranch's operation, and spent a lot of time at the ranch. She was also responsible for bringing Arabian horse
Arabian horse
The Arabian or Arab horse is a breed of horse that originated on the Arabian Peninsula. With a distinctive head shape and high tail carriage, the Arabian is one of the most easily recognizable horse breeds in the world. It is also one of the oldest breeds, with archaeological evidence of horses...
s to Scottsdale (today, one of McCormick Ranch's major arteries is named Arabian Trail).
Upon Anne McCormick's death, a portion of the McCormick's land, about 4236 acres (17.1 km²), was sold to Kaiser-Aetna in the summer of 1970. The total purchase price was just over 12 million dollars, or 5 cents per square foot. Kaiser-Aetna then hired Richard F. Boultinghouse to plan a residential community on the land. The community was then developed in a series of phases, including several parks and man-made lakes. Today, the median home price
Real estate pricing
Real estate pricing deals with the valuation of real estate and all the standard methods of determining the price of fixed assets apply....
for a home in McCormick Ranch (about 2,500 sf) is about $550,000.