(Phoenix) The Arizona State Land Department successfully sold the last parcel of Arizona State Trust Land in the Town of Carefree for $9,750,000 on August 31, 2006.
The 49-acre parcel is located on the northeast corner of Mule Train Road and Stagecoach Pass, south of Cave Creek Road and west of Pima Road. The Carefree airpark is located nearby.
This parcel was the first to be auctioned in the new fiscal year. The successful bidder was AVC Carefree Village Development Company, LLC. This was the first time AVC Carefree Village Development Company, LLC purchased Arizona State Trust Land at auction.
The Arizona State Land Commissioner serves as trustee of over 9.3 million acres of Arizona State Trust Land. The proceeds from the sale of Arizona State Trust Land are delivered to the beneficiaries of the Arizona State Trust Land Permanent Trust Fund, primarily Arizona Common Schools, K through 12.