144th Carefree Hwy Scottsdale, AZ 85262
This exceptional 9.11-acre property in Scottsdale, Arizona (APN 219-36-059 A and B), offers a unique opportunity for residential development. Zoned R-43, it boasts breathtaking views of Four Peaks Needle, the McDowell Mountain Range, and the Mazatzal Mountain Range, all framed by the vast Tonto National Forest. Located just off 144th St North Carefree Hwy, 85262, this land is approximately 1,000 feet from the Tonto National Forest's main entrance, providing easy access to horseback riding and off-roading. The Granite Mountain Preserve, perfect for hiking and mountain biking, is less than a mile away. Enjoy cooler temperatures, clear night skies, and abundant wildlife in this tranquil setting. The property includes a recently drilled private well. While potentially offering up to eight homesites (verification recommended), there are currently no HOA or covenants, and the land is not located in a flood plain. Convenience is also a key feature, with golf courses and five-star restaurants just 15 minutes away, and Phoenix International Airport a 45-minute drive. The land's value is $183,815 per acre, with an asking price of $1,624,000. The Verde River is less than ten minutes away.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.