Mayfield Developments

The Mayfield Townsite is an approved Master-Planned Community entitled by a Development Agreement recorded on the subject property. It consists of 5,375 acres in Elmore County, just 25 miles from downtown Boise and 10 minutes from Boise city limits. Phase 1 consists of 1,468 acres and 3,270 homes, and the property was purchased to include the very valuable water rights that 'run with the land'. Two community wells have already been drilled and are operational, and the third well is being drilled. The Boise Market, known as the 'Treasure Valley', has been one of the fastest growing markets in the United States and ranks #5 out of 50 states to do business according to US Business Magazine. Top ranking employers include Albertsons, Amazon, Micron, and St. Luke's Health Care. This development is strategically positioned near Micron's new $15 billion dollar expansion in Boise which is adjacent to the Mayfield development. This expansion will result in 4.65 million new square feet and directly impact 17,000 new jobs to the market. The expansion broke ground on September 12th, 2022, and is currently underway for completion by 2029. The Mayfield Townsite features stunning views of the Sawtooth Mountain Range and offers a unique opportunity to be part of a visionary community that combines luxury living with unparalleled amenities. The entire project will span over 20+ years, with the first phase and return of principal forecast scheduled for eight years. Based on the most recent appraisal, with an approved preliminary plat, the current value is $112,000,000 for phase 1 of 1,428 acres. This includes 3,270 home lots, 40 acres of open space, 259.3 acres of commercial land, 35.5 acres of high-density land, 556.6 acres of medium-density land, 192.5 acres of low-density, 21.8 acres of estate land, 28.7 acres of residential town center, and 26.4 acres of institutional land. The remainder of the 5,375 acres will include up to another 11,729 homes, plus commercial and recreational land.