12145 E MOUNTAIN VIEW Road, Scottsdale, AZ 85259, Scottsdale, 85259 - 3 bed, 3 bath
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Scottsdale, AZ 85259
This Prime Development Asset is listed at $1,400,000, positioned right at its $1,392,576 Fair Market Value. Marketed as a Developer’s Dream Lot, the property carries a Condition Rating of 6, indicating a prime teardown opportunity on a sprawling 1-Acre Lot. Featuring Panoramic Mountain Views and No HOA Restrictions, the site is located in a luxury "hot spot" near Top-Rated Schools like Mountainside Middle. This high-demand location offers immense value-add potential for a custom new build. It is the ideal acquisition for Luxury Home Builders or Custom Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12145 E MOUNTAIN VIEW Road Subject | $1,400,000* List Price | 3 | 3 | 2,715 | $513 | - |
A 9025 N 127TH Street Sold | $1,490,000 | 3 | 3 | 2,671 | $558 | 0.8 mi |
B 9025 N 124TH Street Sold | $1,490,000 | 4 | 3 | 3,203 | $465 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a 'DEVELOPERS DREAM LOT' for luxury builders, with the value centered on the 1-acre land and panoramic views rather than the existing structure. Built in 1973 (over 50 years ago) with no mention of renovations and no interior photos provided, it meets the criteria for a tear-down where the structure is likely to be demolished for redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45728, living area = 2715.
Situated on a sprawling 1-acre lot in a luxury builder 'hot spot,' this property offers exceptional potential for custom redevelopment or a high-end new build in a high-demand Scottsdale area.
The property boasts stunning panoramic mountain views, a premium feature that significantly enhances the long-term value and aesthetic appeal for future luxury construction.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2715, other record living area = 2314. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 5.
Built in 1973, the existing structure likely requires extensive modernization or a complete teardown to align with the luxury standards of the surrounding neighborhood.
At a $1.4 million price point marketed primarily for its lot value, the property requires a significant capital outlay before any renovation or new construction costs are even considered.
DEVELOPERS DREAM LOT!!! 1 ACRE LOT , PANORAMIC VIEWS WITH NO HOA!!! This area is the hot spot for luxury builders. These type of lots are becoming harder and harder to find. Jump on the opportunity before the comps price you out of your budget.
No exterior & parking available.
Grades PK-5 • 2.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 31% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,715 | 3,149.5 | 31% |
| Lot Size | 45,728 | 11,889.5 | 93% |
| Price | $1.40M | $1.04M | 66% |
| Price per sq ft | $516 | $387 | 81% |
| Built year | 1973 | 1994 | 1% |
| HOA | $0 | $208 | 21% |
| Days on market | 44 | 2257 | 1% |
Mar 9, 2026
$1,400,000
Initial Listing