6602 N 40th Street Paradise Valley, AZ 85253

5 Beds
5 Baths
6,173 Sqft
47,027 Sqft lot
1.08 Acre lot
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$3,500,000 Est. $12,888 / mo.*
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Status: Active
Property Type: Single Family Residence
Year Built: 1962
Neighborhood: Lincoln Heights 1-7,9-11,26-30,45-52 & Tr A
Days on Website: 73

Courtesy of The Ave Collective

Description

**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

Open House

Property Details and Features

  • 5 total decimal bathrooms
  • 5 total bathrooms
  • 5 total bedrooms
  • Built in 1962
  • Architectural style: "Santa Barbara/Tuscan"
  • Living area: 6173
  • Construction materials: "Stucco", "Painted", "Stone", "Block"
  • "Central Air"
  • "ENERGY STAR Qualified Equipment"
  • "Storage"
  • "Built-in Barbecue"
  • "Block"
  • "Wrought Iron"
  • "1 Fireplace"
  • "Exterior Fireplace"
  • "Gas"
  • "Tile"
  • "Wood"
  • 3 spaces
  • "ENERGY STAR Qualified Equipment"
  • "Natural Gas"
  • "Ceiling"
  • Association fee includes: "No Fees"
  • "9+ Flat Ceilings"
  • "Vaulted Ceiling(s)"
  • "Kitchen Island"
  • "Pantry"
  • "Bidet"
  • "Full Bth Master Bdrm"
  • "Separate Shwr & Tub"
  • Listing ID: 6816774
  • Standard status: Active
  • 73 days on market
  • Subdivision name: LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A
  • 1.08 acres
  • 47,027 sqft
  • "Desert Back"
  • "Desert Front"
  • "Irrigation Front"
  • "Irrigation Back"
  • "Heated"
  • "Private"
  • "Close Of Escrow"
  • "Foam"
  • 9 total rooms
  • Elementary school: Kiva Elementary School
  • High school: Saguaro High School
  • High school district: Scottsdale Unified District
  • "Septic Tank"
  • Annual amount: $9,356
  • Lot: 8
  • "Skylight(s)"
  • "Dual Pane"
  • "ENERGY STAR Qualified Windows"

Location

$3,500,000 - 6602 N 40th Street, Paradise Valley, AZ 85253
6602 N 40th Street Paradise Valley, AZ 85253
Subdivision name: LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A

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This content last updated on April 20, 2025 5:34PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.