Hillside Gated Home
For Sale
$2,999,000
5240 North 61st Street Unit 3, Paradise Valley, AZ 85253
Hillside lot in a seven-home gated community with permit-ready plans for a custom two-story residence and views.
Property Size72,123 SF
Price / SF$41.58
Days on Market255
Property Features for 5240 North 61st Street Unit 3
General Information
Standard status
Active
Size
72,123 SF
Property subtype
Land
Zoning
R-35
Taxes and HOA fees
Annual Taxes
$7,717
Amenities
gated community
private backyard
mountain and city views
0.0
No
1
Listing Agency:
Grigg's Group Powered by The Altman Brothers
(480) 540-5479
Listed By:
Scott Grigg · License #SA561582000
(480) 540-5479
Source:
Compass
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Mar 25 at 12:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grigg's Group Powered by The Altman Brothers
Investment Insights
Based on property information with market context.
Located on the north side of Camelback Mountain, this hillside home site is within Cholla Heights, a gated community of seven homes. The property includes plans ready for permits and is positioned to capture sweeping mountain and city views.
The complete set of drawings envisions a custom two-story modern estate with approximately 6,734 square feet of living space, a level entry, and soaring 25-foot glass windows. The plan also calls for a gym, home office, movie theater, and a four-car garage.
The outdoor concept faces the mountain views to the east and includes nearly 1,000 square feet of entertainment space featuring an infinity pool and spa. The plan further includes an additional 1,000 square feet of private yard set against a rising mountain slope, supporting a private backyard experience with a heated spa.
The complete set of drawings envisions a custom two-story modern estate with approximately 6,734 square feet of living space, a level entry, and soaring 25-foot glass windows. The plan also calls for a gym, home office, movie theater, and a four-car garage.
The outdoor concept faces the mountain views to the east and includes nearly 1,000 square feet of entertainment space featuring an infinity pool and spa. The plan further includes an additional 1,000 square feet of private yard set against a rising mountain slope, supporting a private backyard experience with a heated spa.
Key Highlights
- Hillside lot on the north side of Camelback Mountain, spanning over 1 acre
- Located in Cholla Heights, a gated community of only seven homes
- Permit‑ready plans for a custom two‑story modern residence featuring sweeping mountain and city views
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 85253, AZ
17,358
Population
8,815
Households
2
Avg Household Size
53
Median Age
71%
College-Educated
98%
High-School Grad
18.1 sq mi
ZIP Area
959
Density / Sq Mi
$182,150
Median Household Income
$79,848
Median Earnings
$1,935
Median Rent
$2,000,001
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Hillside lot in a seven-home gated community with permit-ready plans for a custom two-story residence and views.
Where is this residential land & home lot located?
The property is located at 5240 North 61st Street Unit 3 Paradise Valley, AZ.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Hillside lot on the north side of Camelback Mountain, spanning over 1 acre; Located in Cholla Heights, a gated community of only seven homes; Permit‑ready plans for a custom two‑story modern residence featuring sweeping mountain and city views
