12016 N 68TH Street, Scottsdale, AZ 85254, Scottsdale, 85254 - 3 bed, 2 bath
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Scottsdale, AZ 85254
Analysis of 12016 N 68TH Street, Scottsdale, AZ 85254 is currently available with a list price of $1,680,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Scottsdale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The existing structure was built in 1955 (>50 years old) and the listing is marketed as a development opportunity for a luxury spec home. With architectural plans and permits already in place for a new 7,192 sqft residence, the value is strictly in the land and the entitlement process.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43507, living area = 1528.
The property includes fully permitted architectural plans for a 7,192 sqft luxury home, allowing for immediate construction and bypassing lengthy municipal design and approval processes.
Situated on a nearly one-acre lot in a desirable Scottsdale location, the site offers sought-after views of Camelback Mountain, significantly boosting future resale value.
With a list price of $1.78M for what is essentially a teardown or redevelopment site, the initial investment is high before construction costs are even factored in.
Realizing the property's full potential requires a massive secondary investment to build the planned 7,000+ sqft residence, limiting the buyer pool to well-capitalized investors.
Permitted and ready for immediate construction. This exceptional property presents a rare opportunity to deliver a premier luxury spec home without the long process and typical delays of design and permitting. Situated on just under an acre, with views of Camelback Mountain, the site offers the ideal canvas for a high-end custom residence with strong resale potential in the luxury market. Included are a set of plans completed by a licensed architect for a 6 bedroom, 6 full bathrooms, 2 half baths, 7,162 sqft home, thoughtfully designed with today's luxury buyer in mind. Plans are already permitted through the City of Scottsdale allowing for a seamless transition from acquisition to construction. For added ease, the seller can connect buyers with an experienced build team including a... interior designer, and landscape designer--offering a turnkey approach to delivering a standout luxury product.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,528 | - |
| Lot Size | 43,507 | - |
| Price | $1.68M | $1.21M |
| Price per sq ft | $1.1K | $468 |
| Built year | 1955 | 0 |
| HOA | $0 | $0 |
| Days on market | 48 | 2507 |
Jun 2, 2026
$1,680,000
$1,780,000
-6% Price Drop
Initial Listing
May 8, 2026
$1,780,000
Initial Listing