April 19, 2004 - MCO CUSTOM PROPERTIES BREAKS GROUND ON NEWEST COMMUNITY

Eagles Nest to Attract Buyers with Expansive Custom Lots, Breathtaking Views

FOUNTAIN HILLS, Ariz. (April 19, 2004) – MCO Custom Properties, the master developer of Fountain Hills, today announced the groundbreaking of Eagles Nest, its newest, gated custom homesite community.

Located in the northwest foothills of Fountain Hills and adjacent to the McDowell Mountain Regional Park, Eagles Nest spans more than 500 acres and features 244 custom residential lots – measuring more than one acre each. The homesites have been carefully positioned to ensure privacy and maximize panoramic views of the McDowell Mountains, Four Peaks, the Superstitions and the Goldfield mountain ranges.

“We are excited to move forward with the project,” said Greg Bielli, president of MCO Properties. “Eagles Nest will add a new dimension to custom home living in Fountain Hills as it provides the opportunity to create a custom home in a very picturesque and pristine location.”

In addition to spectacular views and private gated entrances, Eagles Nest boasts native wildlife, abundant desert foliage, rolling terrain and the combination of grasslands and washes. Complementing its natural desert setting, Eagles Nest will also feature a beautiful entryway monument, a Southwestern Ranch-style guardhouse and the Ranch House – the information pavilion and future site of the Homeowners Association.

“We are scheduled to open for sales in early 2005,” added Bielli. “With safety as top priority, Eagles Nest is currently under active construction and it is very dangerous to be on site. Hiking is strictly prohibited, for everyone’s safety.”

The spacious and secluded homesites at Eagles Nest offer close proximity to all the amenities and services of Scottsdale, Fountain Hills and downtown Phoenix.

In addition to Eagles Nest, MCO Custom Properties has custom homesites in EagleRidge and FireRock Country Club – Fountain Hills’ only private country club community.

ABOUT EAGLES NEST

Located in the foothills of the McDowell Mountains in Fountain Hills, Ariz., Eagles Nest spans more than 500 acres and features only 244 custom residential lots – each measuring one acre or more in size. For further information on Eagles Nest, please call (480) 837-1005 or visit www.eaglesnestliving.com. Custom homesi