12.5 Acre 19 Lot Subdivision Mormon Hill Rd $11,400,000

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    12.5 Acre 19 Lot Subdivision Mormon Hill Rd Sedona, AZ 86336

    Active
    • 12.50 Acres
    • Land
    • MLS# 525120
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    Views: 126 Days On Site: 380

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    Property Details

    Best development opportunity in Sedona. value ! SKY RIDGE ESTATES. New platted subdivision. 19 approx. 1/2 acre hilltop panoramic view lots (fully improved by 2/22) center of town, heart of Sedona. Adjoining Les Springs & Rolling Hills subdivisions. Walk to Tlaquepaque / Los Abrigados resort, high end boutique stores, restaurants, pools and spa. HOA allows short term rental or assisted living homes! All utilities available (electricity, sewer and water). Nothing like these views & location left to develop . Estimated value of lots as of 7/10/21 are 750,000 average. Adjoining 1.7 acre CF/assisted living parcel is on same parcel # and is for sale as well for additional 1.2 million see MLS #525121.Please see more Can also be purchase as part of three asset portfolio sale see MLS # 525119 and 526875 Owner is an Active Az real estate Broker, Builder Developer and Property Manager with in house architects general contractors and interior designers and can aid/assist/consult with design, permitting, excavation ,construction and short term management of entire project.

    • General Features
      • Topography Hillside, Hilltop, Rolling, Sloped Gentle, Valley
      • Views City, Lake/Creek/River, Panoramic, Red Rocks/Boulders
      • Terms Available Built to Suit, Cash, Cash to New Loan, Other - See Remarks, Submit to O M C
      • Tax Year 2018
      • Sub Type Residential
      • Road Maintenance City Maintained
      • Road Access City
      • Pet Privileges Domestics
      • Location Red Rock, Trees, View
      • Listing Office Name Galloway Realty, LLC
      • Listing Date 2021-01-04
      • Irrigation None
      • Flood Zone Verify
      • Subdivision Sky Ridge
      • County Coconino
      • City Town Code Sedona
      • Association Fees None
      • Area 41 - Uptown Sedona
      • Amount of Taxes 13771.00
    • Building Features
      • Utilities Installed None
      • Utilities Available City Water, Electricity, Sewer (City)
      • Buildings None
      • Fence None
      • Special Conditions N/A
    • Property Features
      • Lot Size Source County Assessor
      • Acres 12.50

    Contact

    Pat Leahy

    Pat Leahy

    REALTOR®

    BR516735000

    Foothills - Tucson

    Direct: 520-262-9583

    Neighborhood

    86336 (Sedona) Demographics

    61 Median Age
    51 Population Density (per sq. mile)
    59% College Educated
    $60,386 Estimated Median Income
    4,874 Estimated Total Home Owners
    1,445 Estimated Total Renters
    77% / 23% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    11,595 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $970,000 Median Sales Price
    37 Homes Sold
    29 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $11,400,000 90.16%
        1/4/2021 9:53:00 AM New in Database Source: Multiple Listing Service New Value: $5,995,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Sedona Association of REALTORS® MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.