MLS# 6816774 – 6602 N 40th Street, Paradise Valley, AZ 85253

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$3,500,000 - 5Br/5Ba - for Sale in Lincoln Heights 1-7,9-11,26-30,45-52 & Tr A, Paradise Valley
Price: $3,500,000
Beds: 5
Baths: 5
Living Area SqFt: 6,173
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 1.08
Lot Size SqFt: 47,027
Year Built: 1962
Neighborhood: Lincoln Heights 1-7,9-11,26-30,45-52 & Tr A
Days on Website: 56

Courtesy of The Ave Collective

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Property 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

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Property Details and Features

  • Lot
  • “Desert Back”
  • 1.08 acres
  • 47,027 sqft
  • “Desert Front”
  • “Irrigation Front”
  • “Irrigation Back”
  • 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: “Synthetic Stucco”, “Painted”, “Stucco”, “Stone”, “Block”
  • Cooling
  • “Central Air”
  • “ENERGY STAR Qualified Equipment”
  • Exterior Features
  • “Storage”
  • “Built-in Barbecue”
  • Fence
  • “Block”
  • “Wrought Iron”
  • Fireplaces
  • “1 Fireplace”
  • “Exterior Fireplace”
  • “Gas”
  • Floors
  • “Tile”
  • “Wood”
  • Garage
  • 3 spaces
  • Heating
  • “ENERGY STAR Qualified Equipment”
  • “Natural Gas”
  • “Ceiling”
  • Home Owner’s Association
  • Association fee includes: “No Fees”
  • Interior Features
  • “9+ Flat Ceilings”
  • “Vaulted Ceiling(s)”
  • “Kitchen Island”
  • “Pantry”
  • “Bidet”
  • “Full Bth Master Bdrm”
  • “Separate Shwr & Tub”
  • Listing
  • Listing ID: 6816774
  • Standard status: Active
  • 55 days on market
  • Location
  • Subdivision name: LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A
  • Pool
  • “Heated”
  • “Private”
  • Possession
  • “Close Of Escrow”
  • Roof
  • “Foam”
  • Additional Rooms
  • 9 total rooms
  • Schools
  • Elementary school: Kiva Elementary School
  • High school: Saguaro High School
  • High school district: Scottsdale Unified District
  • Sewer
  • “Septic Tank”
  • Taxes
  • Annual amount: $9,356
  • Lot: 8
  • Windows
  • “Skylight(s)”
  • “Dual Pane”
  • “ENERGY STAR Qualified Windows”

Property Map

$3,500,000 – 6602 N 40th Street, Paradise Valley, AZ 85253

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Brian Young PLLC
HomeSmart Elite Group
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653) Office
8388 E Hartford Drive Suite 100, Scottsdale , Arizona 85255
Fax:

Request More Information

Brian Young PLLC
HomeSmart Elite Group
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653) Office
8388 E Hartford Drive Suite 100, Scottsdale , Arizona 85255
Fax:

Schedule a Showing

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This content last updated on April 3, 2025 4:09PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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