- 5 Beds
- 5 Baths
- 6,173 Sqft
- 1.08 Acres
6602 N 40th Street
**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
Essential Information
- MLS® #6816774
- Price$3,500,000
- Bedrooms5
- Bathrooms5.00
- Square Footage6,173
- Acres1.08
- Year Built1962
- TypeResidential
- Sub-TypeSingle Family - Detached
- StyleSanta Barbara/Tuscan
- StatusActive
Community Information
- Address6602 N 40th Street
- CityParadise Valley
- CountyMaricopa
- StateAZ
- Zip Code85253
Subdivision
LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A
Amenities
- UtilitiesSRP,SW Gas3
- Parking Spaces11
- # of Garages3
- Has PoolYes
- PoolHeated, Private
Interior
- FireplaceYes
- # of Stories1
Interior Features
9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub
Heating
ENERGY STAR Qualified Equipment, Natural Gas, Ceiling
Cooling
ENERGY STAR Qualified Equipment, Refrigeration
Fireplaces
1 Fireplace, Exterior Fireplace, Gas
Exterior
- RoofFoam
- ConstructionPainted, Stucco, Stone, Block
Exterior Features
Patio, Storage, Built-in Barbecue
Lot Description
Desert Back, Desert Front, Irrigation Front, Irrigation Back
Windows
Dual Pane, ENERGY STAR Qualified Windows
School Information
- DistrictScottsdale Unified District
- ElementaryKiva Elementary School
- MiddleMohave Middle School
- HighSaguaro High School
Listing Details
- OfficeThe Ave Collective
Price Change History for 6602 N 40th Street, Paradise Valley, AZ (MLS® #6816774)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $3,888,800 to $3,500,000 |
The Ave Collective.
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 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on May 1st, 2025 at 7:49am MST.