Don't overlook Salero Ranch. It is even more spectacular then Tubac Foothills if a bit more remote. All lots have underground electric and ag exemptions too. Gorgeous land.

Alex,
I agree with Mbll's assessment of pricing in TFR as I have also done a lot of research on this gorgeous land. Mbll: lots 105 and 106 are in the far east side off of Camino Sepulveda. Here is a link to a great map of this subdivision: http://tubacfoothillsranch.com/maps.html
I'm a realtor in Tucson representing a land buyer and I'm also listing a property there. I'd love to share what I know so far about this area.email frank@frankjgarcia.com

Alexis - It just so happens that I'm doing extensive research on land in the area. Where is lot 106 in the Foothills III section? I see you also have lot 105. From what I have seen, the sales right now are from 6,000 to as much as 15,000 per acre. I would imagine it has to do with the view, terrain, how far into the mountains the lots are etc. Some lots have underground electric and others like Kennedy does not. I know it would make a difference to me. I know that there was a couple of recent sales on the "Real Arizona" website. I think it is realarizona.com The actual link is - http://www.realarizona.com/tubac-foothills-real-estate-listi…
The guy seems to be the major realitor for the area. My guess is the pricing is probably in line with what it should be. Two recent sales were for $8,600 per acre (approx) and another very large lot (almost 40 acres) was for 6,000 per acre. Again - all the lots in the Foothills are
selling mostly in the $7,000 to $12,000 range (average).

I'd love to know where lot 106 is? I'm in the market... ;-) As a buyer - I can tell you we are not worried about the "assessment" as much as our two motivations. 1) Buy, sell in 5 years and a splittable parcel is more desireable in that case 2) If the land is stunning, we'd want to buy and build but best case is buy, split in 5 years and build. We'd be willing to pay more in case #2 ;-) 3) Comps but not in the formal assessment sense of the word. Anotherwords, once I narrow it down to 2-3 lots - it will be value and potential for the money. Cheers.. - Feel free to email me if you want to give me more info.

Alex -

If you don't get an answer here, you may want to ask a local Tubac lender. A lot of folks think that real estate agents are the ones who order appraisals, but the vast majority of the time it's the lender that orders the appraisal, so they are most likely to have names and contact info for appraisers they have worked with.

Just be sure to get one that is familiar with appraising land. Valuing land is a completely different animal than valuing residential homes. Sure, a lot of appraisers (and agents) will say, "I can do land", but if they don't have the specific experience, you may not get an accurate appraisal.

A real estate agent familiar with land transactions in the area should be able to get you comps, as well as provide an estimate of value. Agents are *not* appraisers though.

The Arizona Board of Appraisal may also be helpful. They have a directory (link is below)