7620/7540 N RED LEDGE Drive 202, 205, Paradise Valley, AZ 85253
$4,300,000
Property Type:
Land
Lot Size (sq. ft.):
717,192
Status:
Closed
Current Price:
$4,300,000
List Date:
2/22/2025
Last Modified:
3/28/2025
Description
AUCTION BIDDING OPEN: Bidding ends 01/24. Previously listed at $11.8M. Current High Bid 3M!
Perched atop the 2 highest view lots in Paradise Valley, this dual-lot estate presents an unmatched opportunity to create a desert masterpiece on over sixteen acres of breathtaking terrain. Selling collectively, the lots provide uninterrupted panoramic vistas encompassing Camelback Mountain, the downtown Phoenix skyline, and the vast Sonoran Desert. Build upon your wildest vision or use the thoughtfully designed plans that include a nearly 16,000-square-foot residence featuring sophisticated architectural details by Ivan Shongov and exceptional craftsmanship by Kurt Holland. The unapproved plans for this ultra-private estate boasts a cantilevered negative-edge pool with a glass floor,
Supplements: a 3,000-bottle wine room, a professional gym, and a stunning atrium lobby with a circular glass elevator. Whether it's retractable glass walls opening to expansive terraces to the rooftop retreat, any feature can be created and customized to harmonize luxury with the natural beauty of Arizona's iconic landscape. Minutes from world-class golf courses, fine dining, and vibrant Scottsdale culture, this property redefines desert living!
More Information MLS# 6795993
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $4,300,000
Sold Price: $4,300,000
Status: Closed
List Date: 2024-12-13
Location, Tax & Legal
Lot #: 202, 205
Assessor's Map #: 12
Legal Description (Abbrev): LOT 202 CLEARWATER HILLS 2 LOTS 197-198, 201-206 MCR 008425
Assessor's Parcel #: 7
Assessor Parcel Ltr: D
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Census Tract: 105103
Taxes: 23156
Tax District: 480002
House Number: 7620/7540
Compass: N
Street Name: RED LEDGE
St Suffix: Drive
City/Town Code: Paradise Valley
State/Province: AZ
Zip Code: 85253
County Code: Maricopa
Assessor Number: 169-12-007-D
Subdivision: CLEARWATER HILLS 2 LOT 202 and Lot 205
Tax Year: 2024
General Property Description
Apx Total Acres: 16.68
Apx Total Acres G/N: G
Price Per Acre: 179856.12
# Lots in Listing: 2
Apx SqFt: 717192
Price Per SqFt: 4.18
Apx SqFt G/N: G
Lot Size Dimensions: IRR
Horses: N
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Elementary School: Kiva Elementary School
Jr. High School: Mohave Middle School
High School: Saguaro High School
Zoning: RES
Legal Info
Range: 4E
Section: 6
Township: 2N
Lot Number: 202, 205
Special Listing Cond
Auction: 1
Pmt & Rate Info
Equity: 3000000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: Y
HOA Transfer Fee: 400
HOA Fee: 9000
HOA Paid (Freq): Annually
HOA Name: Clearwater Hills
HOA Telephone: 480-922-9080
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Zoned Presently
Single Family: 1
Potential Use
Single Family: 1
Parcel Size
10.00 - 19.99 Acres: 1
Development Status
Raw Land: 1
Plans Available: 1
Land Features
Gated Community: 1
Guarded Entry: 1
North/South Exp: 1
Borders Preserve/Public Land: 1
View
City Lights: 1
Mountain(s): 1
Elevation
2,001 - 3,000 Ft: 1
Elevation Source
Topo Survey: 1
Vegetation
High Desert: 1
Land Configuration
Pad Site: 1
Irregular Shape: 1
Road Surface Type
Asphalt: 1
Road Responsibility
Private Maintained Road: 1
Fencing
None: 1
Water Source
Private: 1
Sewer
No Sewer/Septic: 1
Other: 1
Electric
APS: 1
Topography
Steep Sloping: 1
Hillside: 1
Mountainous: 1
Gas
SW Gas: 1
Existing Structures
None: 1
Distance to Cable
Call Listing Office: 1
New Financing
Cash: 1
Conventional: 1
Distance to Phone
Within 1/2 Mile: 1
Distance to Water
Call Listing Office: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
Call Listing Office: 1
Distance to Gas
Call Listing Office: 1
Distance to Sewer
Call Listing Office: 1
Use Restrictions
C.C. & R's: 1
Hillside Ordinance: 1
Reports/Disclosures
Other (See Rmks): 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-703-4085
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Lincoln and Tatum
Directions: North on Tatum Blvd, past Paradise Valley Country Club. Left at the light at Clearwater Pkwy, proceed to gate house. Guard will direct to the highest view lots in Clearwater Hills.
Geo Lat: 33.547553
Geo Lon: -111.992419
Status Change Info
Off Market Date: 2025-02-22
Under Contract Date: 2025-01-28
Close of Escrow Date: 2025-02-25
Sold Price: $4,300,000
Property Features
Special Listing Cond: Auction
Existing Land Use: Residential Lot
Zoned Presently: Single Family
Potential Use: Single Family
Parcel Size: 10.00 - 19.99 Acres
Development Status: Raw Land; Plans Available
Land Features: Gated Community; Guarded Entry; North/South Exp; Borders Preserve/Public Land
View: City Lights; Mountain(s)
Elevation: 2,001 - 3,000 Ft
Elevation Source: Topo Survey
Vegetation: High Desert
Land Configuration: Pad Site; Irregular Shape
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Topography: Steep Sloping; Hillside; Mountainous
Existing Structures: None
Water Source: Private
Sewer: No Sewer/Septic; Other
Electric: APS
Gas: SW Gas
Distance to Cable: Call Listing Office
Distance to Phone: Within 1/2 Mile
Distance to Water: Call Listing Office
Distance to Electric: Call Listing Office
Distance to Gas: Call Listing Office
Distance to Sewer: Call Listing Office
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Use Restrictions: C.C. & R's; Hillside Ordinance
Environmental: None
Lockbox Type: None
Fencing: None
Listing Office:
Berkshire Hathaway HomeServices Arizona Properties
Last Updated: March - 28 - 2025
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