$42,000,000
Paradise Valley, AZ 85253
MLS# 6463391
Status: Closed
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Property Description
The last and largest blue chip flat (non hillside) 27 Acre parcel in one of the most exclusive areas of Paradise Valley AZ, one of the wealthiest zip codes (85253) in the Country. With Paradise Valley homesites limited to 1 acre + larger, and nestled conveniently between Scottsdale + Phoenix, Paradise Valley attracts those in search of privacy + space, yet want to be near golf, hiking, 5 star resorts, fine dining, nightlife, major airports + great medical care. It is very near the exclusive Paradise Valley Country Club and surrounded by scenic Mountains. This property is ideal for a magnificent family compound. However, since it is zoned R-43 (one house per acre) it has the possibility of 21 homesites or a variety of larger 2,3,4,or 5 acre homesites. Conceptual site plans are available.
Details
Maps
Contract Information
Current Price: $42,000,000
Sold Price: $42,000,000
Status: Closed
List Date: 2022-09-14
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2
Variable Commission: Y
Location, Tax & Legal
Map Code/Grid: N36
Compass: N
Street Name: 54th
St Suffix: Street
Lot #: -
City/Town Code: Paradise Valley
State/Province: AZ
Zip Code: 85253
Country: USA
County Code: Maricopa
Assessor's Map #: 6
Assessor's Parcel #: 2
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 169-06-002-B
Legal Description (Abbrev): PT LOT 2 BEG NW COR LOT 2 TH E 998.7' TH S 60' TH SE 102.88' ALG CURVE TH SE 141.37' ALG CURVE TH S
Census Tract: 105004
Tax Municipality: Paradise Valley
Taxes: 75806
Tax Year: 2022
Marketing Name: PARADISE VALLEY 27 ACRES
General Property Description
Apx Total Acres: 27.19
Apx Total Acres G/N: G
Price Per Acre: 2022802.5
Apx SqFt: 1184271
Price Per SqFt: 46.44
Apx SqFt G/N: G
Lot Size Dimensions: Irregular
Zoning: R-43
Flood Zone: No
Elementary School: Kiva Elementary School
Jr. High School: Mohave Middle School
High School: Saguaro High School
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Cross Street: Tatum & Roadrunner or Lincoln & Desert Fairways
Directions: Property fronts Roadrunner, 54th St and Desert Park Lane.
1) From Tatum E on Roadrunner
or:
2) From Lincoln N on Desert Fairways, past Paradise Valley Country Club, N on Shadow Mtn to Roadrunner
Geo Lat: 33.552086
Geo Lon: -111.967339
Status Change Info
Status Change Date: 2024-04-19
Off Market Date: 2024-03-09
Under Contract Date: 2024-02-03
Close of Escrow Date: 2024-04-19
Sold Price: $42,000,000
Legal Info
Township: 2N
Range: 4E
Section: 5
Lot Number: -
Pmt & Rate Info
Equity: 55000000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Contact Info
List Agent Hme Phn 2: 480-998-5673
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Acreage
Zoned Presently: Single Family
Potential Use: Single Family
Parcel Size: 20.00 - 39.99 Acres
Current Density: 00 - 01 Units P/Acre
Proposed Density: 00 - 01 Units P/Acre
Development Status: Raw Land
Land Features: City Light View(s); Mountain View(s)
Vegetation: Natural Vegetation
Land Configuration: Irregular Shape
Topography: Level; Gentle Sloping
Existing Structures: None
Water: Other
Sewer: Other (See Remarks)
Electric: Other (See Rmks)
Gas: Other (See Rmks)
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: Call Listing Office
Distance to Electric: Call Listing Office
Distance to Gas: Call Listing Office
Distance to Sewer: Call Listing Office
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash
Reports/Disclosures: ALTA Survey Alba
Environmental: None
Showing Notification Methods: Phone Call
Lockbox Type: None
Supplements
Paradise Valley has no traffic, fabulous weather and many upscale resorts, including the almost completed Ritz Carlton Resort.
This privately held residential site, the last of its size and prestigious location has been left in its natural state and owned by the same family for many years!
Listing Office: Realty ONE Group
Last Updated: April - 20 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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