6602 N 40Th St, Paradise Valley, AZ 85253
$3,500,000
Reduced By $388,800, last change 2/26/2025
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Home 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
- Pool: Heated,Private
- Spa: Private
- Garage Spaces: 3.00
- Interior: 9+ Flat Ceilings,Bidet,Full Bth Master Bdrm,Kitchen Island,Pantry,Separate Shwr & Tub,Vaulted Ceiling(s)
- Full Baths: 5
- Partial Baths: 0
- Fireplace: 1 Fireplace,Exterior Fireplace,Gas
- Flooring: Tile,Wood
- Other Rooms: Bonus/Game Room
Available now at $3,500,000
Approximate Room Location / Sizes
| Dining Room | Main | |
| Kitchen | Main | |
| Living Room | Main | |
| Office | Main | |
| Bedroom 2 | Main | |
| Bedroom 3 | Main | |
| Bedroom 4 | Main | |
| Bedroom 5 | Main | |
| Master Bedroom | Main | |
- Exterior: Built-in Barbecue,Storage
- Construction: Block,Painted,Stone,Stucco
- Architecture: Santa Barbara/Tuscan
- Lot: Desert Back,Desert Front,Irrigation Back,Irrigation Front
- Lot Sq Ft: 47027
- Water: Pvt Water Company
- Tax Municipality: Paradise Valley
- Association Amenities: None
Neighborhood
The average asking price of a 5 bedroom Paradise Valley home in this zip code is
$8,350,561 (138.6% more than this home).
This home is priced at $567/sqft,
which is 88.8% less than similar homes
in the 85253 zip code.
Potential Great Value
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School Information
- District:Scottsdale Unified District
- Elementary:Kiva Elementary School
- Junior High:Mohave Middle School
- High School:Saguaro High School
Financial
- Approx Payment:$17,026*
- Taxes:$9,356
Area Stats
These statistics are updated daily from the Metropolitan Phoenix Board of REALTORS® Multiple Listing Service. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(480) 669-5040 and speak with one of our real estate consultants.
Popular Homes
$627,716
$472,990
105
1.0%
53.3%
96
$706,136
$635,000
33
3.0%
36.4%
71
$735,680
$612,000
269
0.4%
42.4%
67
$9,912,963
$7,325,000
27
0.0%
33.3%
107
$2,628,000
$2,195,000
5
0.0%
40.0%
196
$907,684
$659,445
338
0.9%
47.6%
75
$570,565
$489,000
302
1.0%
54.6%
89
$804,720
$564,900
109
0.0%
45.9%
140
$1,805,818
$1,020,000
11
0.0%
27.3%
43
$1,883,333
$1,575,000
3
0.0%
33.3%
115
$652,278
$525,000
612
0.2%
46.4%
81
$1,699,590
$699,998
10
0.0%
20.0%
53
$685,180
$564,950
370
0.0%
49.7%
82
$884,190
$548,500
1386
1.0%
47.5%
88
$644,617
$577,000
22
0.0%
40.9%
57
$2,937,098
$1,799,000
700
0.7%
43.9%
126
$1,338,833
$1,312,500
6
0.0%
50.0%
95
$747,520
$595,000
93
0.0%
50.5%
90
$509,000
$509,000
1
0.0%
0.0%
30
$2,716,226
$2,745,000
35
0.0%
42.9%
184
$788,250
$776,500
4
0.0%
75.0%
75
$699,064
$469,900
11
0.0%
36.4%
92
Listing Courtesy of The Ave Collective.
For information or to schedule a viewing of this property (MLS# 6816774), call: 480-669-5040
6602 N 40Th St, Paradise Valley AZ is a single family home of 6173 sqft and
is currently priced at $3,500,000
.
This single family home has 5 bedrooms.
A comparable home for sale at 6601 E Valley Vista Ln in Paradise Valley is listed at $5,199,000.
In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Paradise Valley, AZ.
Tierra Feliz North, Cutaias Acres and Clearview Edition are nearby neighborhoods.
MLS 6816774 has been posted on this site since 2/7/2025 (today).