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Sandra Baldwin

Realtor - Co-Founder at Launch Real Estate

  • Office (602) 397-4300

4525 N 40th Street, Phoenix, AZ – $10,250,000

  • $10.3M Price
  • $10.3M Price

4525 N 40th Street

Nestled amidst the opulent estates of Phoenix's Arcadia and Biltmore districts, you'll find The Luxe on 40th, an exclusive assemblage of 8 contemporary townhomes. Fully completed in 2023, The Luxe on 40th caters to the discerning professional's desire for a vibrant, yet secluded, living environment. It not only provides access to some of the Valley's most favored restaurants and retailers but also offers the coveted privacy and luxury sought after by the modern, high-end residential dweller the area is home to. Truly establishing a new standard for luxury living, these one-of-a-kind townhomes are complete with best-in class finishes, sky-view ceiling windows, and the unique installation of private in suite elevators traveling to all three floors. The kitchens are dense with features such as Silestone quartz countertops, walk-in pantries, soft-closing drawers, and veggie prep sinks placed in the centering island, while the bathrooms raise the standard with Ashlyn Faucets, back-lit mirrors, and dual showerheads in the master baths. High-end amenities continue with Ring Elite doorbells, 50 AMP pre-wiring for an electric car charger in garages, 50 AMP pre-wiring for spas on the decks, and installed security systems with pre-wiring for three alarm keypads. Residents also benefit from the exclusivity of two-car garages with direct access ensuring privacy and convenience. The extreme level of design incorporating the highest levels of in-suite amenities accomplishes the incredible task of meeting the irreplaceable value of the location. The offering consists of eight townhome units within an HOA covering nine units in total. The one unit not included in the offering was sold in August of 2021 for $1,259,514. Opting for advanced construction materials and system specifications in keeping a focus on long-term ownership and operational considerations, numerous nuanced choices were made in the construction techniques and methods that are challenging to measure quantitatively. These decisions result in a well-crafted structure featuring robust building materials rarely seen in multifamily construction projects in Arizona. The Luxe on 40th is situated alongside one of Greater Phoenix's most erudite and prosperous communities. The Arcadia neighborhood boasts a workforce with approximately 78% holding a bachelor's or postgraduate degree, while roughly 89% are engaged in white-collar occupations. The mean and median household earnings in the area stand at approximately $280,155 and $194,644, respectively. The exclusivity of Arcadia and Biltmore forms the cornerstone of the property's enduring profitability, offering unparalleled employment prospects in the vicinity, upscale lifestyle amenities, and access to distinctive recreational opportunities.

Essential Information

  • MLS® #6631866
  • Price$10,250,000
  • Year Built2023
  • TypeMulti-Family
  • Sub-Type5 - 12 Units
  • StatusActive

Community Information

  • Address4525 N 40th Street
  • CityPhoenix
  • CountyMaricopa
  • StateAZ
  • Zip Code85018


  • AmenitiesNo Pool
  • Parking Spaces20
  • ParkingGarage, >1 Space Per Unit
  • # of Garages1


Interior Features

Unfurnished, Furnished, Elevator(s)


Dishwasher, Microwave, Refrigerator, Washer/Dryer, BI Oven/Range


Electric, ENERGY STAR Qualified Equipment, Ceiling, Gas, Individual


Ceiling Fan(s), Electric Refrigeratd, ENERGY STAR Qualified Equipment, Individual


  • Lot Description0.47
  • RoofMetal
  • ConstructionFrame - Wood

Exterior Features

Patio/Balcony, Green Landscaping

Additional Information

  • ZoningC-1

Listing Details

  • OfficeMarcus & Millichap
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Price Change History for 4525 N 40th Street, Phoenix, AZ (MLS® #6631866)

Date Details Change
Price Increased from $1 to $10,250,000 $10,249,999 (1,024,999,900.00%)

Marcus & Millichap.

Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on December 1st, 2023 at 4:33pm MST.