Every once in a while, an opportunity shows up in the Teravalis MLS that is genuinely different from everything around it. Right now there are two of them: fully furnished, professionally decorated model homes for sale at Agave Springs, both offered with a builder leaseback. That means you buy the home, and Courtland Communities pays you rent to keep using it as their sales model. It is one of the most unusual and, for the right buyer, most attractive deals in Teravalis real estate today.
These do not come along often. Builders only sell their models when a neighborhood is close to selling out, and Agave Springs is getting there. Here is what is available right now, how a model home leaseback actually works, and what to watch for before you write an offer.
The Two Model Homes Available Right Now
Both are in Courtland's Agave Springs neighborhood in Floreo, both are loaded with the designer upgrades you see when you tour, and both carry the leaseback option noted right in the MLS listing.
The Ocotillo Model: 30418 W Nightshade Dr, $435,000
The Ocotillo is one of Agave Springs' most popular floor plans: 4 bedrooms, 3 baths, and 2,203 square feet built in 2026. This is the model that has been greeting buyers at the front of the neighborhood, which means it has the full design center treatment: upgraded flooring, cabinets, counters, window coverings, and professional landscaping that a standard build would price at a significant premium. Listed at $435,000, it pencils out to roughly $197 per square foot for a home that shows better than anything else at its price point in Teravalis.
The Ironwood Model: 30412 W Nightshade Dr, $524,000
The Ironwood is the big one: 3 bedrooms, 3 baths, and 2,526 square feet built in 2025, with a flexible layout that includes a private guest suite feel and a 3-car tandem garage setup that Agave Springs is known for. Listed at $524,000, it is the flagship model of the neighborhood, and like the Ocotillo it is offered with the leaseback option per the MLS remarks.
How a Model Home Leaseback Actually Works
The mechanics are simpler than most people expect. You purchase the home like any other new construction sale. At closing, the builder signs a lease with you, typically for a set term tied to how much longer they need the model for sales operations, often 6 to 18 months. During that term, the builder pays you monthly rent, usually maintains the home, covers utilities and sometimes HOA dues, and returns it to you in move-in condition when the lease ends.
The appeal for the builder is straightforward: they free up the capital tied up in the model while keeping their sales center running until the neighborhood closes out. The appeal for you is the combination you cannot get any other way: a model home with every upgrade, purchased at a listed price that often does not fully reflect the value of those upgrades, generating rental income from the day you close.
Who This Opportunity Is Right For
Model leasebacks are not for everyone, and that is exactly why they can be such a good deal. The buyers who do best with them are investors who want immediate rent without finding a tenant, relocating buyers with a 6 to 18 month runway before they need the home, and second-home buyers who are happy to collect income while they plan their move. If you need to move in next month, this is not your house. If your timeline has flexibility, the numbers can be excellent.
There is also a financing nuance worth knowing: because you will not occupy the home immediately, some lenders treat the purchase as an investment property with different rates and down payment requirements, while others will work with the lease terms. This is one of the first questions we sort out for buyers considering these homes, and getting it right upfront saves real money.
What to Watch For Before You Write an Offer
Leaseback agreements are where the details live, and they are negotiable. The key terms to pin down are the monthly rent and whether it is fixed or tied to market, the exact lease term and what happens if the builder wants to extend, who covers utilities, maintenance, HOA dues, and insurance during the lease, and the condition the home is returned in, including furniture. In most model leasebacks the furniture is negotiable separately, so if you love the staging, that is a conversation to have upfront.
The other thing to understand is leverage. With only two models left at Agave Springs and the neighborhood close to selling out, these listings have a natural deadline, which cuts both ways. It means the builder is motivated to sell, but it also means once they are gone, there are no more model leasebacks in Teravalis until the next neighborhood matures. That could be years.
"A model leaseback is the only deal in new construction where you get the nicest house in the neighborhood, at a listed price, with a tenant already lined up."
These two listings are live in the MLS right now and appear on our Teravalis homes for sale page alongside the rest of the current inventory. If the idea of owning a model home that pays you rent sounds interesting, the window to act is short, and the first step costs you nothing. Browse more about the neighborhood on our Teravalis community guide, or reach out and we will walk you through both homes, the leaseback terms, and the financing path before you tour.
Ask Us About the Agave Springs Model Leasebacks
Opportunities like these move fast and the leaseback terms are negotiable, which is exactly where having an agent in your corner pays off. Alan Brown and David Dion will get you the full details on both model homes, help you evaluate the rent and lease terms, line up the right financing, and negotiate on your behalf at no cost to you. The builder pays our commission. Contact us before these two homes are gone.