Newton Sells 7 City-Owned Lots for New Single-Family Homes

Local developers plan to build $350,000+ houses on the lots by 2029.

Published on Mar. 1, 2026

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The city of Newton, Kansas is selling seven city-owned residential lots on the west side of the Fountain Hills subdivision to local developers TJ Schultz and Randy Hanson. The developers have committed to building seven new single-family homes on the lots, with home valuations starting at $350,000.

Why it matters

The sale of these city-owned lots to private developers will help spur new residential construction and growth in Newton, a community that has seen steady population increases in recent years. The new homes will also expand the city's tax base and provide additional housing options for residents.

The details

The city has owned and maintained the seven lots on the east side of the Fountain Hills subdivision since 2018, while the lots on the west side have already been sold and have single-family homes. Schultz and Hanson, local developers and homebuilders, are paying $7,000 for all seven lots and have committed to building homes that will meet the subdivision's restrictive covenants. They plan to have the lots fully built out by Spring 2029.

  • The city has owned the lots since 2018.
  • The developers plan to have the lots fully built out by Spring 2029.

The players

TJ Schultz

Local developer and homebuilder who is purchasing the city-owned lots.

Randy Hanson

Local developer and homebuilder who is purchasing the city-owned lots.

Fountain Hills Subdivision

The residential subdivision in Newton, Kansas where the city-owned lots are located.

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What they’re saying

“The price point is at $350,000 and up. With the square footage, that pretty much puts you at that $350,000 area. That would be where we would start.”

— Randy Hanson (kniakrls.com)

What’s next

The developers plan to have the lots fully built out by Spring 2029.

The takeaway

This sale of city-owned lots to private developers will help spur new residential construction and growth in Newton, providing additional housing options for residents and expanding the city's tax base.