Active
6602 N 40TH Street
Paradise Valley AZ, 85253
$3,888,800
$629.97 per sqft
Active
5 Beds
5 Baths
6,173 sqft
Residential
Built in 1962
**Exciting Opportunity: Mid-Construction Hillside Retreat! ** This unique property in the prestigious 85253 area, with stunning mountain views, is about 30% complete and includes all permits, plans, and designs. Priced at $3.888 million ($629/sq ft). The remaining remodel budget is $1 million, with a potential resale value of around $5.5 million ($890/sq ft, with comps closer to $950-$1,000/sq ft), offering savvy investors an expected profit of **$600k** upon completion. No HOA and lot over 1 acre! Envision your dream home in this tranquil hillside setting, and while construction is continuing, we are open to various exit strategies. This property presents numerous possibilities for your vision. Don't miss out on this rare chance to create a picturesque retreat in the hillside!
6816774
MLSⓇ ID
February 7, 2025
Listed
February 20, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
5
Total Bathrooms
5
Interior Features
9 Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, Bidet, Full Bth Master Bdrm, Separate Shwr Tub
Floor Description
Tile, Wood
Fireplace
Yes
Fireplace Description
1 Fireplace, Exterior Fireplace, Gas
Cooling
Yes
Cooling Description
ENERGY STAR Qualified Equipment, Refrigeration
Heating
Yes
Heating Description
ENERGY STAR Qualified Equipment, Natural Gas, Ceiling
Exterior/Building Features
Lot Size
1.08 Acres
Exterior Features
Patio, Storage, Built-in Barbecue
Lot Features
Desert Back, Desert Front, Irrigation Front, Irrigation Back
Architectural Style
Santa Barbara/Tuscan
Roof
Foam
Sewer
Septic Tank
Patio And Porch
Patio, Storage, Built-in Barbecue
Window
Dual Pane, ENERGY STAR Qualified Windows
School Information
School District
Scottsdale Unified District
High School
Saguaro High School
Elementary School
Kiva Elementary School
Other Property Details
Taxes
$9,356
Tax Frequency
Annually
Days on Market
7
Association Amenities
None
Garage
Yes
Garage Spaces
3
View
Yes
County
Maricopa
Water Source
Pvt Water Company
Pool
Yes
Pool Features
Heated, Private
Courtesy of The Ave Collective, Jennifer Wright
Listing Contact: 602-760-6767
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Denise Hurd shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 9:36 PM UTC, 2/20/2025.