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Condos Under $400K in Tucson: New Construction Options at Placita Escondida

jeremy5660
Feb 25
2 min read

New Construction Condos Under $400K in Tucson: They Exist at Placita Escondida

Finding a new construction home under $400,000 in central Tucson sounds impossible. Most new home communities in the Tucson area are located 20 to 40 minutes from the city center, and even those are increasingly priced above the $400K mark for basic single-family homes. Placita Escondida is the exception: brand new condos starting from the mid $200s, located at River Road and Campbell Avenue in one of Tucson's most desirable neighborhoods.

What You Get Under $400K

At Placita Escondida, homes under $400K include new construction one-bedroom, one-bedroom with den, and select two-bedroom floor plans. Every home comes with modern finishes, energy-efficient systems, and a full builder warranty. The community is gated, the HOA covers exterior maintenance, landscaping, the pool, water, sewer, and trash. You are directly on the Rillito River Trail within walking distance of St. Philip's Plaza and Trader Joe's. This is not a stripped-down starter home on the edge of town. It is a complete package in a prime location.

Builder Financing Makes It Even More Accessible

The purchase price is only part of the equation. Builder financing options at Placita Escondida can reduce your interest rate below standard market levels, which lowers your monthly payment significantly. The difference between a market rate and builder-financed rate on a home under $400K can save you hundreds of dollars per month. That is the difference between stretching to afford a home and owning comfortably.

See What Is Available Now

Inventory at Placita Escondida is limited and selling. Visit PlacitaEscondida.com to see current availability and financing options, or call (520) 351-0040 to schedule a model tour.

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Placita Escondida Condominiums Tucson

Contact Us

(520) 351-0040

2020 E River Rd STE 101

Tucson, AZ 85718

Placita Escondida Condominiums​

 

*1.99% FINANCING AVAILABLE on select homes

 

Special financing is available on select premium two-bedroom homes through the participating lender, subject to borrower and property approval. A seller-funded 2-1 temporary payment buydown reduces the buyer’s principal-and-interest payments to amounts calculated using 1.99% during the first year and 2.99% during the second year. Beginning in year three, payments are based on the 3.99% fixed note rate. Payments increase after years one and two. Buyers must qualify at the full note rate. Taxes, insurance, HOA dues and any mortgage insurance are additional. Advertised starting-price homes and premium financing are separate offers.​

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Special financing applies only to select premium two-bedroom homes and is not available with advertised starting-price offers.

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Financing available on select homes through preferred lender, subject to borrower qualification and credit approval. This is a limited-time temporary rate buy-down incentive, available only while promotional funds last. Not all borrowers will qualify. Buyer must occupy the home as their primary residence. Program may not be available with all loan types or in combination with other incentives. Additional closing costs apply. Promotional rate and terms are subject to change and may be discontinued at any time without prior notice.

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To receive the advertised rate, buyer must finance through preferred lender and meet eligibility requirements. Financing terms and rate lock availability are subject to market conditions and lender discretion. Buyer is not required to use preferred lender to purchase a condo at Placita Escondida but must use them to receive this promotional rate. Interest rate and monthly payment are provided for illustrative purposes only and are not a commitment to lend. Please consult with our sales team or a preferred lender representative for full terms and disclosures.

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Equal Housing Opportunity. All information subject to change without notice. APR = Annual Percentage Rate. HOA = Homeowners Association. Equal Housing Opportunity © 2026​

 

Floorplans, elevations, features, pricing, plans, amenities, specifications and related information, and information concerning the pricing and availability of our homes, are subject to change without notice. Move-in dates are not guaranteed. All sales are subject to the terms and conditions set forth in the Purchase Agreement. Registration does not guarantee a contract.

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“The Interest Rate and Annual Percentage Rate is subject to change at any time without notice. The rate posted may vary depending on past credit history, down payment, and approximate term. All loans are subject to approval. Terms and conditions may apply. These rates are for general market awareness and should not be considered a live quote.

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