Gilbert homebuilder buys Tex Earnhardt family compound.
Here’s the deal: Jeff Blandford, “founder and president of Blandford Homes,” has closed on Tex “Earnhardt’s family ranch,” paying $15.25 million for the 38.12-acre parcel located at the NWC of McQueen and Hunt Hwy. in Chandler.
In the works: Earnhardt Ranch, a 100-home master-planned community with “two series of homes ranging between 2,400 and 4,200 square feet” and “most likely” starting “in the $800,000s.”
The Tex message: “Perched atop a steer, Tex Earnhardt's car dealership commercials were known for his tag line ‘That ain't no bull.’ He died in April 2020 at age 89.”
Blandford: “We had done some business with [the Earnhardts] in the past… The family reached out and asked if we wanted to buy it. They named a price and we said yes.”
Timeline: “Model home construction is expected to begin in the first quarter of 2024, with an expected opening that summer.” https://bit.ly/3JQyGRx
Gilbert homebuilder buys Tex Earnhardt family compound
Photo via Blanford Homes
When Earnhardt Auto Centers founder and CEO Tex Earnhardt‘s family was ready to sell its 38-acre family compound in the middle of Chandler, they called Jeff Blandford.
The founder and president of Blandford Homes in Gilbert paid $15.25 million to an Earnhardt trust for the 38.12-acre parcel at the northeast corner of McQueen Road and Hunt Highway, according to Tempe-based Vizzda LLC real estate database.
Read the full subscription story from the Phoenix Business Journal.
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