11922 123Rd Way Scottsdale, AZ 85259
This exceptional 39,058 sq ft lot in Scottsdale's gated Canyon Ridge subdivision presents a unique opportunity. Priced at $1,250,000, this fee-simple property boasts panoramic views of the McDowell and Camelback Mountains. The sale includes already approved plans for a stunning 4,509 sq ft, single-story home featuring 5 bedrooms, 5.5 bathrooms, and a 4-car garage. A building permit is in place, making this a truly "shovel-ready" opportunity. All utilities are connected to the property. Conveniently located near Lost Dog Trailhead, Anasazi Elementary School, and minutes from Basis High School, Mayo Clinic, the Arizona Culinary Institute, and numerous golf courses. Importantly, while situated within a gated community, this lot is not subject to HOA fees, offering unparalleled freedom and flexibility. The R-10 residential zoning ensures compliance and ease of construction. APN: 217-44-362. Don't miss this chance to build your dream home in a prime Scottsdale location, saving valuable time and effort with pre-approved plans and permits.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.