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6602 N 40TH Street, Paradise Valley, AZ 85253

$3,500,000 (Active)
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6602 N 40TH Street, Paradise Valley, AZ 85253

$3,500,000
Active
est.$3,500,000/month.
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5 beds. baths. 47,027 Sqft.

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6602 N 40TH Street, Paradise Valley, AZ 85253

$3,500,000
Active
est.$3,500,000/month.
Start My Approval
5 beds 5 baths 47,027 Sq.ft.
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Property details for 6602 N 40TH Street, Paradise Valley, AZ 85253
**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
Broker details: The Ave Collective

Listed by: Jennifer Wright
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Property Description

MLS Information

  • Listing: 6816774
  • Listing Last Modified: 2025-02-26

Property Details

  • Standard Status: Active
  • Property style: Santa Barbara/Tuscan
  • Built in: 1962
  • Subdivision: LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A
  • Lot size area: 47027 Square Feet

Geographic Data

  • County: Maricopa
  • MLS Area: LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A
  • Directions: N. on 40th Street to property on the west (left.)
Features

Interior Features

  • Flooring: Tile, Wood
  • Bedrooms: 5
  • Full baths: 5
  • Living area: 6173
  • Interior Features: Vaulted Ceiling(s), Kitchen Island, Pantry, Bidet, High Ceilings
  • Fireplaces: 1

Exterior Features

  • Roof type: Foam
  • Lot description: Desert Back, Desert Front
  • Pool: Heated, Private

Parking

  • Garage spaces: 3

Utilities

  • Sewer: Septic Tank
  • Heating: ENERGY STAR Qualified Equipment, Natural Gas, Ceiling
Property Information

Tax Information

  • Tax Annual Amount: $9,356

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The property listing data and information set forth herein were provided to ARMLS from third party sources, including sellers, lessors and public records, and were compiled by ARMLS The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. ARMLS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
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