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Description Open House Details Location Market Trends Schools Recent Sales
$3,888,800 Est. $14,320 / mo.*

6602 N 40th Street Paradise Valley , AZ 85253

Courtesy of The Ave Collective

Description

5 Beds
5 Baths
6,173 Sqft
47,027 Sqft lot
1.08 Acre lot
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: 20
**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!

Open House

Property Details and Features

Bathrooms
5 total decimal bathrooms
5 total bathrooms
Bedrooms
5 total bedrooms
Building
Built in 1962
Architectural style:
"Santa Barbara/Tuscan"
Living area:
6173
Construction materials:
"Painted", "Stucco", "Stone", "Block"
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Contact an Agent

Lea Ann Hervey RE/MAX Fine Properties

(480) 792-9500 (602) 481-9236

Location

$3,888,800 -
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 February 26, 2025 1:07PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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