Second homes: Tucson is the right size at the right price

ByABC News
August 27, 2009, 7:34 PM

— -- Tucson is Arizona's worst-kept second-home secret. Its population is less than a quarter of the Scottsdale/Phoenix metropolitan area, just two hours away, but to many, that's Tucson's appeal.

"Tucson is a larger version of Santa Fe, while Scottsdale is a smaller version of L.A.," Realtor Russell Long of Long Realty says. "We appeal to the well-educated, the artsy, golfers, and the athletic outdoorsy types." Home to the University of Arizona, Tucson is a college town, which offers buyers many of whom come from the New York and Chicago areas a dose of culture.

Tucson sits at a high elevation, and though summer is hot, the moderate season is longer than in other desert destinations. The Upper Sonoran desert is much greener and less barren, which fosters an active outdoor community and puts Tucson among the nation's best for road and mountain biking as well as hiking. The city is ringed by five mountain ranges and vast swaths of protected land, including Coronado National Forest.

"The desert is thick and lush, and skiing is just 45 minutes away," Long says. Less than 75 miles from the Mexican border, Tucson is also Southwestern in its food, art and culture, and its atmosphere appeals to many buyers from the East.

Most buyers choose resort communities in the mountain foothills north of the city center, which feature elevated views. "The foothills are most popular," Long says. "There are very nice new condos, villas and townhomes from $350,000 to $600,000." Typical for Tucson are large planned communities with developments at varied price points, along with golf courses and a resort hotel offering owners spa services and dining.

Buyers are divided about equally between those who split their year with a colder locale and those who come for weeks or weekends. Both will appreciate that median home prices have dropped 16% since last July.

A look at three Tucson neighborhoods

Ventana Canyon:A 1,100-acre community in the foothills just north of the city, Ventana Canyon contains nearly 700 houses, three condo complexes, two golf courses, a tennis center, sports and dining facilities, and two hotels, the Lodge and the upscale Loews Ventana Canyon. "Buyers are usually golfers, but it abuts the National Forest, and once you go through the gates, you can bike, run and hike without ever going onto public streets," says Realtor Janell Jellison of Long Realty. "You can get a nice two-bedroom golf villa from under $500,000 and custom homes from $1 million" (ventanacanyonaz.com).