Shea Homes buys Montgomery land for massive community

A California homebuilder is going big in the Houston area.

Shea Homes purchased 430 acres in Montgomery for a 1,000-home community, the Houston Business Journal reported. Crown Ranch Development sold the land along FM 1486 for an undisclosed amount.

Joe Burke and Rob Whitaker of NewQuest Properties represented Crown Ranch, while Paul King of Texas Land and Commercial Properties represented Shea Homes.

Located between the Crown Ranch master-planned community and the Bluejack National resort, the new community will be built over the next eight years.

“This land checks a lot of boxes when it comes to residential development,” said Keith Luechtefeld of Shea Homes. “It has naturally beautiful, wooded topography as well as easy access to Highway 249, which now stretches uninterrupted from Beltway 8 to Highway 105.”

This isn’t the first project for Shea Homes in Houston’s northern outer suburbs. In September, the developer, along with Houston-based builders Chesmar Homes and Perry Homes, began work on the 740-acre Evergreen master-planned community. The first phase includes 247 homes — all built by Shea — that will go up on the northwest corner of FM 242 and FM 1314, near The Woodlands and Conroe. Chesmar Homes and Perry Homes will build the remaining houses. The community will have about 2,000 homes ranging from 1,400 to 4,000 square feet on 40- to 70-foot lots.

In addition, Woodlands-based real estate developer Signorelli is working on a 7,000-home master-planned community on more than 3,000 acres at the intersection of FM 2090 and Daw Collins Road near Splendora.

Luechtefeld said the new Shea Homes community will have homes ranging from $400,000 to $800,000 that will be available for sale some time in 2025.

— Victoria Pruitt