• $3,500,000

6602 N 40TH Street, Paradise Valley, AZ 85253

Bedrooms5
Bathrooms5
Sqft6173
Listing Courtesy of The Ave Collective

Description

**MASSIVE PRICE REDUCTION** Opportunity to own Mid-Construction Hillside Retreat! ** This unique property in the prestigious 85253 area, with stunning mountain views, is about 35% complete and includes all permits, plans, and designs. Priced at $3.5 mill ($566/sq ft). The remaining remodel budget is $1 million, with a potential resale and ARV of $5.5 million ($890/sq ft, with comps closer to $950-$1,000/sq ft), offering savvy investors a 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 Paradise

Details

Status:Active
Type:Residential, Single Family - Detached
Bedrooms5
Bedrooms5
Garages3.0
Built Year:1962
Property ID:6816774

Property Location

6602 N 40TH Street, Paradise Valley, AZ 85253
Tour Type
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Fred Rea, RealtorĀ®
  • Fred Rea, RealtorĀ®