January 25, 2006 - EAGLES NEST ANNOUNCES PHASE II LOT RELEASE

FOUNTAIN HILLS, Ariz. (January 25, 2006) – Eagles Nest, the 244 custom lot community in Fountain Hills, announced today the release of 12 lots in Phase II of the development.

“This is our first lot release in 2006, and these lots offer some of the best view lots released to date,” said Jeremy Hall, president of MCO Properties. “We exceeded all expectations in 2005, reinforcing Fountain Hills as a mature custom lot community, and Eagles Nest as the premier address in Fountain Hills.”

There are a total 134 lots in Phase II, and so far 22 have been released. The custom lots in this gated community offer some of the most dramatic mountain and desert views in the Valley, due in large part to the elevation of the lots. Nestled in the McDowell Mountains, views include sights of Four Peaks, Superstition, Goldfield and Mazatzal mountain ranges.

The surrounding town of Fountain Hills offers a small-town charm, and is only a short drive from all the amenities available in the Valley of the Sun and Scottsdale.
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.