The property development company last week announced its acquisition of the 140-hectare plot, between The Vines and Great Northern Highway.
It is the second acquisition in recent weeks for Satterley, which also bought a 28-hectare site on Hawton Road in Forrestfield.
The Upper Swan site is just outside the tightly controlled Swan Valley Planning Act area.
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READ NOWPlans for the new community include 1717 single residential lots, a primary school, playing fields and two hectares reserved for a shopping centre.
Satterley chief executive Nigel Satterley said his company was increasing its land bank in the popular growth corridor.
“We see huge potential to deliver a beautiful community along the picturesque Ellen Brook with plenty of housing choice,” he said.
“With construction of Northlink WA commencing next year and the Ellenbrook Bridge in 2017, this new community will have great access to transport links.”
The first titles are anticipated in early 2018.