MLS# 6816774 - 6602 N 40th Street, Paradise Valley, AZ 85253

$3,888,800
Beds: 5
Baths: 5
Sqft: 6,173
Sqft lot: 47,027
Acre lot: 1.08
Est. $14,320 / mo.*
18 Days On Market

Courtesy of The Ave Collective

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Status: Active
Property Type: Single Family Residence
Year Built: 1962
Neighborhood: Lincoln Heights 1-7,9-11,26-30,45-52 & Tr A
Days On Website: 18

Property Details for 6602 N 40th Street, Paradise Valley, AZ 85253

**Exciting Opportunity: Mid-Construction Hillside Retreat! ** This unique property in the prestigious 85253 area, with stunning mountain views, is about 30% complete and includes all permits, plans, and designs. Priced at $3.888 million ($629/sq ft). The remaining remodel budget is $1 million, with a potential resale value of around $5.5 million ($890/sq ft, with comps closer to $950-$1,000/sq ft), offering savvy investors an expected profit of **$600k** upon completion. No HOA and lot over 1 acre! Envision your dream home in this tranquil hillside setting, and while construction is continuing, we are open to various exit strategies. This property presents numerous possibilities for your vision. Don't miss out on this rare chance to create a picturesque retreat in the hillside!

Bathrooms

  • 5 total decimal bathrooms
  • 5 total bathrooms

Bedrooms

  • 5 total bedrooms

Building

  • Built in 1962
  • Architectural style: "Santa Barbara/Tuscan"
  • Living area: 6173
  • Construction materials: "Painted", "Stucco", "Stone", "Block"

Cooling

  • "ENERGY STAR Qualified Equipment"
  • "Refrigeration"

Exterior Features

  • "Patio"
  • "Storage"
  • "Built-in Barbecue"

Fence

  • "Block"
  • "Wrought Iron"

Fireplaces

  • "1 Fireplace"
  • "Exterior Fireplace"
  • "Gas"

Floors

  • "Tile"
  • "Wood"

Garage

  • 3 spaces

Heating

  • "ENERGY STAR Qualified Equipment"
  • "Natural Gas"
  • "Ceiling"

Home Owner's Association

  • Association fee includes: "No Fees"

Interior Features

  • "9+ Flat Ceilings"
  • "Vaulted Ceiling(s)"
  • "Kitchen Island"
  • "Pantry"
  • "Bidet"
  • "Full Bth Master Bdrm"
  • "Separate Shwr & Tub"

Listing

  • Listing ID: 6816774
  • Standard status: Active
  • 8 days on market

Location

  • Subdivision name: LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A

Lot

  • 1.08 acres
  • 47,027 sqft
  • "Desert Back"
  • "Desert Front"
  • "Irrigation Front"
  • "Irrigation Back"

Pool

  • "Heated"
  • "Private"

Possession

  • "Close Of Escrow"

Roof

  • "Foam"

Additional Rooms

  • 9 total rooms

Schools

  • Elementary school: Kiva Elementary School
  • High school: Saguaro High School
  • High school district: Scottsdale Unified District

Sewer

  • "Septic Tank"

Taxes

  • Annual amount: $9,356
  • Lot: 8

Windows

  • "Dual Pane"
  • "ENERGY STAR Qualified Windows"

Map View

$3,888,800 - 6602 N 40th Street, Paradise Valley, AZ 85253

Street View

Directions

6602 N 40th Street
Paradise Valley, AZ 85253
Subdivision name: LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A

This content last updated on February 24, 2025 6:06PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.