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RayLee Homes Lottery For Lots Closes Sunday

on July 3, 2019 - 7:15pm

Scene of a RayLee Mirador Construction Training Tuesday with partners ready to begin work the week of July 8. Pictured are Jeff Grady, owner and head of construction and RayLee Trade Partners. Courtesy photo

View of finished lots Tuesday at Mirador near N.M. 4 in White Rock. Courtesy photo

 
By KIRSTEN LASKEY
Los Alamos Daily Post
 
After five years of work, RayLee Homes is ready to start offering people their dream homes.
 
These homes will be in the Mirador development next to the White Rock Visitor Center off N.M. 4. The development covers 48 acres and will offer 161 residential units.
 
During an interview this afternoon with the Los Alamos Daily Post, RayLee Homes Co-Owner Tammy Grady-Thornton said that the company has released the first half of phase one home sites for sale.
 
She added that there is a lottery for first pick of lots that will close at midnight this Sunday. Interested parties are asked to join the lottery by visiting the RayLee Homes website at www.rayleehomes.com/mirador/.
 
After the lottery closes, participant names will be sent to a certified accountant. The accountant will draw 25 winning names, Grady-Thornton said.
She explained that the 161 homes is part one of a multi-phase master plan, which also includes 60 multi-family units and 1,200 square feet of commercial space.
 
“One behalf of our family we are very proud to bring housing to a community like White Rock where the demand for housing is so high,” Grady-Thornton said.
 
Not only is RayLee Homes bringing high quality homes to the County, but it is helping to grow the local economy by bringing more residents to the area, she said.
 
The homes range from 1,600 square feet to 2,800 square feet, Grady-Thornton said. Floor plans offer three to five bedrooms with flexible space available such as home studies or loft areas in the homes.
 
The houses will sit on 50 by 120-feet lots, Grady-Thronton said, and include all the newest bells and whistles along with energy efficient features and smart technology.
 
Grady-Thornton explained homeowners can operate everything from their garage door to the thermostat from their smart phone. Additionally, she said the homes can feature walk-out decks to maximize the view corridors in White Rock.
 
The houses start in the mid- to high $300,000 price range.
 
Interested buyers can check out model homes in Rio Rancho and Grady-Thornton said buyers are asked to make the sales in RayLee’s Albuquerque headquarters. She said the benefit to doing that is RayLee Homes has a full design center where buyers can see all the selections available.
 
Grady-Thornton said there is no plan to build model homes in Mirador because they don’t want to hold back any lots from buyers.
 
No houses have been built yet but already interest in the development is big. Grady-Thornton said to date they have approximately 100 people signed up for the lottery.
 
“The interest has been huge,” she said.
 
This is just the beginning. Grady-Thornton said the next phase of the development project is 70 by 120-feet lots with luxury homes. These will be larger residences, she said. This phase is expected to be underway in 2020. Phase two and three lots will be released upon the completion of phase one new home sales. 
 
This project has been a long time coming and Los Alamos County contributed to its formation. Los Alamos County closed on the sale of the land to Site A-19-A-1 Acquisition Group, LLC in September 2017. In the development agreement, the County reimbursed the developer $1.5 million for the offsite portion of the Mirador construction. Additionally, the County will maintain and own the infrastructure in the development.

In November, Los Alamos County Council approved creating a Public Improvement District (PID) to reimburse the developer for a portion of onsite infrastructure costs. This will be accomplished through a special levy that will be assessed on property in the development. Homeowners in the Mirador development will pay this levy in addition to other taxes and charges. The annual PID Levy amount for each lot classification is specific to those lots. The annual PID Levy for 50 by 120 foot lots will be approximately $1,800. In the past, representatives from RayLee Homes and A-19-A-1 Acquisition Group argued that the PID will not only keep home prices lower but also allow them to continue developing the parcel.

Adam Thornton of A-19-A-1 Acquisition Group, LLC, told the Los Daily Post Wednesday, “This is the first time we've worked in the County on a development. A lot of County staff had experience but not on something this size (but we) created a working relationship that is equitable and fair and is the best we have encountered.”

“I believe there are people in Los Alamos County that really understand the difficulties of getting a large-scale development to the finishing line,” Thornton said. “A lot of people in the community put things in place to move forward. We are very humble … to help bring completion of this project to the community.”

Thornton is a Los Alamos native so to give a brand-new housing development to his hometown is special, he said. 

“I won’t forget this one,” Thornton said.

Grady-Thornton said RayLee Homes is a locally owned and operated business that has been building developments around New Mexico since 1976. She added that it is an award-winning builder; the company has won numerous awards from the New Mexico Parade of Homes.

Additionally, she said the company gives back to the communities it builds homes in.

“We as a locally owned business have a history of giving back to the communities where we work and serve,” Grady-Thornton said. “We look forward to giving back to the community of Los Alamos and White Rock over the coming years.”

RayLee Homes has supported Albuquerque Public Schools through the Apple House and it has contributed to the University of New Mexico through the Lobo House, she said, adding that the company also has supported the Special Olympics.


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