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$3,500,000 - 6602 N 40th Street, Paradise Valley

5
Bedrooms
5
Baths
6,173
SQ. Feet
1.08
Acres

**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

Essential Information

  • MLS® #:
    6816774
  • Price:
    $3,500,000
  • Bedrooms:
    5
  • Bathrooms:
    5.00
  • Square Footage:
    6,173
  • Acres:
    1.08
  • Year Built:
    1962
  • Type:
    Residential
  • Sub-Type:
    Single Family - Detached
  • Style:
    Santa Barbara/Tuscan
  • Status:
    Active

Community Information

  • Address:
    6602 N 40th Street
  • Subdivision:
    LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A
  • City:
    Paradise Valley
  • County:
    Maricopa
  • State:
    AZ
  • Zip Code:
    85253

Amenities

  • Utilities:
    SRP,SW Gas3
  • Parking Spaces:
    11
  • # of Garages:
    3
  • Has Pool:
    Yes
  • Pool:
    Heated, Private

Interior

  • Interior Features:
    9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub
  • Heating:
    ENERGY STAR Qualified Equipment, Natural Gas, Ceiling
  • Cooling:
    ENERGY STAR Qualified Equipment, Refrigeration
  • Fireplace:
    Yes
  • Fireplaces:
    1 Fireplace, Exterior Fireplace, Gas
  • # of Stories:
    1

Exterior

  • Exterior Features:
    Patio, Storage, Built-in Barbecue
  • Lot Description:
    Desert Back, Desert Front, Irrigation Front, Irrigation Back
  • Windows:
    Dual Pane, ENERGY STAR Qualified Windows
  • Roof:
    Foam
  • Construction:
    Painted, Stucco, Stone, Block

School Information

  • District:
    Scottsdale Unified District
  • Elementary:
    Kiva Elementary School
  • Middle:
    Mohave Middle School
  • High:
    Saguaro High School

Listing Details

  • Listing Office:
    The Ave Collective

Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Russ Lyon Sotheby's International Realty. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on May 17th, 2025 at 12:33am MST.