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    7036 N 40Th St, Unit 179 Paradise Valley, AZ 85253

    Under Contract
    For Sale
    $2,000,000

    LAND - Paradise Valley, AZ

    Lot size:
    1.21 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 8 at 5:06 am

    Property Features for 7036 N 40Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Residential
    APN
    169-13-046
    Lot size
    1.21 Acres

    Russ Lyon Sotheby's International Realty (480) 287-5200 [email protected]

    Listing agent Shawn Keeler (480) 242-6813

    Listing date Nov 14, 2025

    MLS# 6939407 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Paradise Valley Acreage Opportunity

    This 1.21-acre parcel is located in a coveted enclave of Paradise Valley. The property offers privacy and prestige and is situated within minutes of golf courses, Scottsdale's dining scene, and Phoenix's cultural attractions. The generous lot dimensions allow flexibility for architectural vision, including a single-level estate or a multi-story residence with mountain and city views. The location is surrounded by properties and mature desert landscaping. The cleared, buildable lot is intended for residential use and eliminates development delays. It is located in an exclusive community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Building Supply Hotel & Motel Pharmacy Department Store HVAC Service Accounting Firm Daycare Center Computer & Electronic Repair Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paradise Valley
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.994708
    Latitude
    33.539952

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    FAQs

    What type of property is this?
    Land - Pristine 1.21-acre lot in coveted Paradise Valley enclave.
    Where is this land located?
    The property is located at 7036 N 40Th St, Unit 179 Paradise Valley, AZ.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Prime Paradise Valley location in an exclusive enclave.; - Cleared, buildable one-acre lot ready for immediate development.; - Exceptional privacy and prestige within minutes of Scottsdale and Phoenix amenities.
    (480) 242-6813
    Request Owner's contact information
    7036 N 40Th St, Unit 179 Paradise Valley, AZ 85253
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7036 N 40Th St, Unit 179 Paradise Valley, AZ 85253
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