$1M-plus homes to be built in north Peoria's new Saddleback community

New homes will soon be going up in Saddleback, a new 5,300-acre northwest Valley community that eventually is projected to grow to 6,500 houses.

Three homebuilders – Camelot Homes, Lennar and Taylor Morrison – will launch the development in Peoria with more than 300 new houses that will be for sale next year.

“These renowned home builders bring us one step closer to achieving our vision to offer home buyers a myriad of options and price points,” said John McKinnerney, principal of Castle Hill Partners, which is developing the property near the Carefree Highway.

The western edge of the development will reach 169th Avenue.

Saddleback will include 2,500 acres of open space, more than 60 miles of trails, neighborhood parks and wellness-focused amenities. The community, near Lake Pleasant, is about 40 minutes from downtown Phoenix.

“Exponential job growth" is expected in Peoria over the next decade, McKinnerney said.

Camelot is building a luxury gated community in Saddleback with properties that are expected to start at $1.5 million. Its first phase will include 19 houses.

 “Peoria is experiencing incredible growth, and we’re seeing increased interest in luxury homes in the area,” said Julie Hancock, managing director of Camelot Homes. Camelot builds million-dollar homes in Scottsdale.

The northwest Valley is drawing big employers including TSMC and Amkor, which are offering higher-paying jobs.

The West Valley is dominating home building and expected to for the next few decades, said Jim Daniel, president of new-home research firm RL Brown Reports.

The median new home price in the northwest Valley is about $650,000, according to RL Brown. That’s about $150,000 less than the Valley’s median new home price.

Lennar is building 289 houses in Saddleback’s Saltbrush neighborhood that will start in the $500,000s.

“Job creation, the desirability of this location for raising families, along with the beautiful mountain setting are all fantastic reasons Saddleback is a great master plan,” said Jeff Gunderson, senior vice president of land acquisition for Lennar.

Taylor Morrison is building 293 homes in Saddleback’s initial phase of development with multiple floor plans and lot sizes. Prices aren’t yet available.

“We look forward for a bright future for north Peoria,” said Greg Vogel of Land Advisors Organization, which brokered the land sales for the developer.

Final Thoughts: Why Saddleback is the Ultimate Destination for Luxury & Lifestyle

Saddleback isn’t just another master-planned community—it’s the future of luxury living in the northwest Valley. With a mix of stunning $1M+ estates and thoughtfully designed homes starting in the $500,000s, this development offers something for everyone, from high-end buyers to growing families.

Beyond the homes themselves, the lifestyle at Saddleback is unparalleled. Imagine waking up to breathtaking mountain views, exploring 60+ miles of scenic trails, and enjoying world-class amenities—all within a short drive to Phoenix’s booming job market. With major employers investing in the West Valley and Peoria’s rapid growth, now is the time to secure your place in this dynamic community.

For out-of-state buyers seeking an unbeatable combination of natural beauty, economic opportunity, and luxury living, Saddleback is a rare find. Whether you're looking for a forever home or a high-end retreat, this new Peoria gem should be at the top of your list.