Active

6602 N 40TH Street

Paradise Valley AZ, 85253

$3,500,000


$566.99 per sqft

Active

5 Beds

5 Baths

6,173 sqft

Residential

Built in 1962

**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

6816774

MLS ID

February 7, 2025

Listed

February 27, 2025

Updated

Interior Features

Total Stories

1


Bedrooms

5


Total Bathrooms

5


Interior Features

9 Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, Bidet, Full Bth Master Bdrm, Separate Shwr Tub


Laundry Description

Other, See Remarks


Floor Description

Tile, Wood


Fireplace

Yes


Fireplace Description

1 Fireplace, Exterior Fireplace, Gas


Cooling

Yes


Cooling Description

ENERGY STAR Qualified Equipment, Refrigeration


Heating

Yes


Heating Description

ENERGY STAR Qualified Equipment, Natural Gas, Ceiling

Exterior/Building Features

Lot Size

1.08 Acres


Exterior Features

Patio, Storage, Built-in Barbecue


Lot Features

Desert Back, Desert Front, Irrigation Front, Irrigation Back


Architectural Style

Santa Barbara/Tuscan


Roof

Foam


Sewer

Septic Tank


Patio And Porch

Patio, Storage, Built-in Barbecue


Window

Dual Pane, ENERGY STAR Qualified Windows

School Information

School District

Scottsdale Unified District


High School

Saguaro High School


Elementary School

Kiva Elementary School

Other Property Details

Taxes

$9,356


Tax Frequency

Annually


Days on Market

20


Association Amenities

None


Garage

Yes


Garage Spaces

3


View

Yes


County

Maricopa


Water Source

Pvt Water Company


Pool

Yes


Pool Features

Heated, Private

Listing History

Date

Event

Price

2/27/2025

Price change

$3,500,000

-10%

Courtesy of The Ave Collective, Jennifer Wright

Listing Contact: 602-760-6767 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jeff Barchi & Roger Banning shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2025 Arizona Regional Multiple Listing Service. All rights reserved.

Data Last Updated: 2:39 AM UTC, 2/27/2025.

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