February 25, 2005 - EAGLES NEST SELLS PREMIUM $850,000 LOT

FOUNTAIN HILLS, Ariz. (Feb. 25, 2005) – Eagles Nest, the 244 custom lot community located northeast of Scottsdale, Ariz., has announced that an $850,000 custom lot has been sold. Located on the eastern slopes of the McDowell Mountains, Eagles Nest provides lot owners with undisturbed privacy, unparalleled mountain views, and a unique lifestyle in one of the most pristine settings in the Phoenix area.

“We’re seeing that there’s definitely a high demand for custom lots,” said Steve Vargo, vice president of MCO Properties, the developer of Eagles Nest. “Between the incredible views, the large size of the lots and the elevation of the community, Eagles Nest is truly becoming the place to be.”

The lots in this gated community all measure one acre or more, and offer some of the most dramatic mountain and desert views in the Valley, including views of the Four Peaks, McDowell, Superstition, Goldfield and Mazatzal mountain ranges. Eagles Nest spans more than 500 acres and features just 244 custom homesites.

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 homesites at Eagles Nest are priced from the $500,000s to $1.5 million. Sales by MCO Realty, Inc.