The lots are between 6,848 square feet and 18,600 square feet. The subdivision is located near the intersection of New Liberty Road and Highway 257. D.R. Horton recently finished another group of homes in Water Valley, with prices ranging around $400,000.
The builder plans to build floor plans that will attract first-time home buyers, according to a release from RE/MAX Eagle Rock, the brokerage that handled the transaction.
Nine building permits have been applied for so far, according to Martin Lind, president of Water Valley.
The transaction closed on Aug. 24, but the purchase price was not disclosed.