$20,000,000
Sedona, AZ 86336
MLS# 6492478
Status: Closed
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Property Description
Sedona's Cultural Park consists of approximately 41 acres - truly the gateway into Sedona off interstate 89A. Two appraisals completed in 2022 to validate list price. The Cultural Park is the last & largest undeveloped properties left in and around Sedona offering unparalleled red rock vistas, Mogollon Rim views, with US Forest Service on the west and north side of property boundaries. The property is accessed from Highway 89A & Cultural Park Place. The City of Sedona has already approved uses for the Cultural Park such as multi-family housing, commercial & lodging, wellness, center of innovation, conference center, food services, retail, welcome center, and other commercial uses. City of Sedona must approve any development - there is no current zoning for the famous Cultural Park.
Details
Maps
Contract Information
Current Price: $20,000,000
Sold Price: $20,000,000
Status: Closed
List Date: 2022-10-25
For Sale or Lease?: Sale
Type: EA
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2
Variable Commission: Y
Location, Tax & Legal
Map Code/Grid: C82
House Number: 105
Street Name: Cultural Park
St Suffix: Place
Lot #: -
City/Town Code: Sedona
State/Province: AZ
Zip Code: 86336
Country: USA
County Code: Yavapai
Assessor's Map #: 47
Assessor's Parcel #: 9
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Assessor Number: 408-47-009-B
Legal Description (Abbrev): AN IRREGULAR METES AND BOUNDS PORTION OF THE SE4. NE PARCEL CORNE R APPROX 682 FT SOUTH & 400 FT WES
Subdivision: M&B
Tax Municipality: Yavapai - COUNTY
Taxes: 59038
Tax Year: 2019
Marketing Name: SEDONA CULTURAL PARK
General Property Description
Apx Total Acres: 40.9
Apx Total Acres G/N: G
Price Per Acre: 486552.57
Apx SqFt: 1785960
Price Per SqFt: 11.14
Apx SqFt G/N: G
Lot Size Dimensions: MULTIPLE PARCELS-SEE SURVEY
Horses: Y
Zoning: N/A
Elementary School: Out of Maricopa Cnty
Jr. High School: Out of Maricopa Cnty
High School: Out of Maricopa Cnty
Elementary School District: Out of Area
High School District: Out of Area
Out of Area Schl Dst: 9
Remarks & Misc
Cross Street: 89A, Cultural Park Pl, Arts Village Drive
Directions: 26.5 Miles From I-17 (Exit 260 West Camp Verde). Take 89A & head East to Corner of Cultural Park Place (LEFT @ Light). Left at Arts Village Drive. Across From Yavapai College.
Geo Lat: 34.851021
Geo Lon: -111.831421
Status Change Info
Status Change Date: 2022-12-08
Off Market Date: 2022-12-01
Under Contract Date: 2022-12-01
Close of Escrow Date: 2022-12-08
Sold Price: $20,000,000
Legal Info
Township: 17N
Range: 05E
Section: 16
Lot Number: -
Pmt & Rate Info
Equity: 19900000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Existing Land Use: Other (See Rmks)
Zoned Presently: Recreational; Other (See Rmks)
Parcel Size: 40.00 - 79.99 Acres
Proposed Density: 16 - 20 Units P/Acre
Development Status: Plans Available; Plans Included; Other; See Remarks
Land Features: Cul-De-Sac; Corner Lot; North/South Exp; Borders Pres/Pub Lnd; Other; See Remarks
Elevation: 3,001 - 4,000 Ft; 4,001 - 5,000 Ft
Elevation Source: Topo Survey
Vegetation: Natural Vegetation
Land Configuration: Other (See Rmks)
Roads/Streets: Gravel; Dirt; Asphalt; Private Street
Traffic Count: 15,001 to 25,000
Freeway/Highway: Frontage
Topography: Level; Gentle Sloping; Hillside; Rolling
Existing Structures: Park Model(s); Other; See Remarks
Water: Private Franchise
Sewer: Sewer - Public; No Sewer/Septic
Electric: APS
Gas: Underground; Other (See Rmks)
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Conventional
Reports/Disclosures: Seller Prop Disc Stm; ALTA Survey Alba; Development Pln Aval; Other (See Rmks)
Environmental: Phase I Available
Showing Notification Methods: Phone Call
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: December - 08 - 2022
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