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$3,500,000

Beds
5
Baths
5.0
sq ft
6,173

6602 North 40th Street, Paradise Valley, AZ 85253

6602 North 40th Street

Paradise Valley, AZ 85253

  • 35 days on market
    • Price drop $388,800↓
**MASSIVE PRICE REDUCTION** Opportunity to own Mid-Construction Hillside Retreat! ** This unique property in the prestigious 85253 area, with stunning mountain views, is about 35% complete and includes all permits, plans, and designs. Priced at $3.5 mill ($566/sq ft). The remaining remodel budget is $1 million, with a potential resale and ARV of $5.5 million ($890/sq ft, with comps closer to $950-$1,000/sq ft), offering savvy investors a 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 Paradise

Details

Property type

Single Family Residence

Property condition

Under Construction
Fixer

Lot size

1.08 acres

Price per sq ft

$567

Year built

1962

Annual property taxes

$9,356

HOA

No

Price History

02/26/2025
ArizonaRegional

ArizonaRegional #6816774

Price change
$3,500,000
-10%
02/06/2025
ArizonaRegional

ArizonaRegional #6816774

Listed
$3,888,800
+63.74%
04/11/2024
ArizonaRegional

ArizonaRegional #6614971

Sold
$2,375,000
-7.95%

Schools & Community

Elementary school: 

Kiva Elementary School

Middle school: 

Mohave Middle School

High school: 

Saguaro High School

High school district: 

Scottsdale Unified District

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Status: Active

Tomo last checked: 03/14/2025 at 12:15 AM

Listing updated: 02/26/2025 at 4:58 PM

Listed by: Jennifer Wright, The Ave Collective Phone #: (602) 760-6767

MLS: ArizonaRegional #6816774

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