Cinco Ranch — recently named the fastest-growing residential community in the country by a real-estate consulting firm — will keep expanding west. Newland Communities just purchased 492 acres west of neighboring Pine Mill Ranch, way out near Firethorne between FM 1463 and Katy-Flewellen Road; the company plans to have new Cinco Ranch-branded homesites available there within a couple of years. Further west, there’s even more land available for cheap: the 742-acre Tamarron Lakes subdivision was foreclosed on in April. Kirk Laguarta of Land Advisors Organization, who’s marketing that property for $19K an acre, tells the Houston Business Journal that the property that Newland just bought is considered more valuable that that, in part because it’s zoned to Katy ISD. But Newland may not be interested in expanding Cinco Ranch into Tamarron Lakes — that development belongs to the Lamar Consolidated ISD. [Houston Business Journal]
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