December 3, 2024
List Price: $5,900,000
$886/square foot
Lease $25,000 to $45,000/month
Disclaimer: Information is deemed reliable but not guaranteed. Buyer to consult his/her own financial advisors during due diligence period.
Key Attributes
➢ 3 of the 6 (7 with office) bedrooms have outside pool access to common area pool & Gazebo for privacy
➢ Ideal for Multi-generational, Executive Rentals, or Senior Living requiring private sleeping accommodations with shared living space
➢ Ritz Carlton expected to open in 2025, followed by the Palmeraie Shopping District. Privately gated, with walking distance access to Ritz resort, fine dining, and what is anticipated as one of the most highly demanded Shopping and Dining experiences in the nation.
INVESTMENT RECAP
Acre Single Story, Full Resort Acre Privately Gated, no HOA, Single Story no Steps
The home is currently priced at $886/square foot for a fantastic investment opportunity
Land values in Paradise Valley on one-acre buildable site currently start at $2,500,000. To build a 6,500 square foot luxury costs $800/square foot = $3,900,000 for a grand total of $ 6,400,000 plus landscape and pool for total new cost of $6,900,000 plus 2 years construction time.
In comparison, the new homes on the Ritz property directly across the street are selling at $1,080 to 1,265/square foot on 10,000 to 17,000 square foot lots and 2-3 car garages with monthly HOAs ranging from $900 to $1,500/month
Presented at $5,900,000
Paradise Valley, Arizona is a highly desirable place to live for many reasons. The town is known for its stunning natural beauty. Located in the foothills of Camelback and Mummy Mountains, with one acre minimum lot sizes, PV provides breathtaking views, hiking and walkability. PV boasts some of the finest luxury homes and estates in the country, with a high police-to-resident ratio, low crime rate, reputable schools, and proximity to Scottsdale shopping, dining and entertainment. PV borders Phoenix, the 5th largest metropolitan in the U.S., attracting culture events and academia, with quick access to Sky Harbor International Airport.
The charm of Paradise Valley:
Where you don’t look LIKE your neighbors or AT your neighbors
Diverse Architecture
Spacious Lot Sizes
Link to More on Paradise Valley
AnticipatedOpening December2025
