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    8650 Culver St Mesa, AZ 85207

    For Sale
    $1,890,000

    Luxury residential land, 5.212 acres, 6 lots.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5.212-acre parcel in Mesa, Arizona, presents a unique investment opportunity. Located at 8650 E Culver St, in the desirable Maricopa County, zip code 85207, this property is zoned RS-35 (Mesa), allowing for the development of a luxury single-family home subdivision. The land is offered fee simple with APN numbers 219-31-001F and 219-31-001Q. The site plan anticipates six large lots, each approximately 35,000 square feet, providing ample space for substantial homes. Situated near the prestigious Las Sendas Golf Club, the property boasts stunning mountain views and benefits from an affluent surrounding neighborhood. The average annual household income in the immediate area exceeds $215,000, indicating strong buyer demand for high-end residential properties. Final plat approval is anticipated in early Q1 2025, making this a timely investment with significant potential for substantial returns. The average new construction home value in the area surpasses $1,000,000, further underscoring the property's high-value location and development potential. This is a rare opportunity to acquire a prime piece of land in a highly sought-after area of Northeast Mesa. The asking price is $1,890,000.

    Property Features for 8650 Culver St

    General Information

    Property type
    Land
    Lot Size
    227,035 SF

    HighLights

    • 6 large single‑family residential (SFR) lots.
    • Located near Las Sendas Golf Club in desirable Northeast Mesa.
    • Average new construction home value exceeds $1,000,000.
    • Average annual household income surpasses $215,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.643922
    Latitude
    33.462772

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    FAQs

    What type of property is this?
    Land - Luxury residential land, 5.212 acres, 6 lots.
    Where is this land located?
    The property is located at 8650 Culver St Mesa, AZ.
    What is the asking price?
    The asking price for this property is $1,890,000.
    What are key features of this property?
    This property features: 6 large single-family residential (SFR) lots.; Located near Las Sendas Golf Club in desirable Northeast Mesa.; Average new construction home value exceeds $1,000,000.
    Request Owner's contact information
    8650 Culver St Mesa, AZ 85207
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    Mesa, AZ 85207
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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
    8650 Culver St Mesa, AZ 85207
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