Harbor Custom Development has acquired 219 acres for $14.3 million adjacent to the Semiahmoo resort in Blaine, Wash., and approximately 39 miles from Vancouver, British Columbia.
The 219 acres consists of 71 residential lots with water views previously developed and approved in the Horizon at Semiahmoo subdivision, an additional 75 to 80 proposed but undeveloped view lots in Horizon division 2, and 37 adjacent acres anticipated to generate 80 residential lots, of which approximately 20 are expected to have frontage on the Semiahmoo golf course.
“Upon completion of development, the acquisition of the Horizon subdivision and associated property provides us the flexibility to sell finished lots with panoramic views of Birch Bay and the Cascade Mountains or build out the subdivisions with homes with an expected price range of $600,000 to $1 million,” stated Jeff Habersetzer, COO of Harbor Custom Development.
