LONGMONT - National home builder KB Home (NYSE:KBH) has sold its residential land at the Harvest Junction development in southeastern Longmont for $4,050,000.

Longmont Quail Road LP, headed by Denver-based Westside Investment Partners Inc., purchased the property, according to Boulder County public records. The 106-acre property sits south of the Harvest Junction retail development.

Officials with Westside were unavailable for comment as of press time but have said in the past they were looking for residential land deals amid the national housing slump.

KB Home sold the property at a 25 percent discount from the $5.4 million it paid Panattoni Development Co. in October 2005. At the time, KB had planned for 212 single-family homes, 120 paired homes and 118 town homes. Those plans fell through as the housing market soured. The residential land has yet to be developed.