12836 N 60TH Street, Scottsdale, AZ 85254, Scottsdale, 85254 - 4 bed, 6 bath
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Scottsdale, AZ 85254
This High-Potential Redevelopment Asset is listed at $1,495,000, positioned accurately at its $1,488,362 Fair Market Value. The primary value-add lies in the expansive 28,626 sqft lot and city-approved plans for a modern farmhouse, eliminating lengthy development lead times. With a Condition Rating of 6, the 1973 structure and private pool offer a teardown opportunity to leverage mountain range views with no HOA restrictions. Proximity to top-rated Desert Shadows schools and Horizon High ensures long-term asset stability. This is a strategic acquisition for Custom Home Builders or Luxury Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12836 N 60TH Street Subject | $1,495,000* List Price | 4 | 6 | 2,741 | $543 | - |
A 6236 E CORRINE Drive Pending | $1,299,000 List Price | 4 | 2 | 2,110 | $616 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is marketed as a redevelopment opportunity with city-approved plans for a new modern farmhouse. The existing structure, built in 1973, is described as a dated building that likely requires a complete teardown to align with the luxury standards of the surrounding multi-million-dollar neighborhood. The listing's value is based on the 28,000+ square foot lot and its development potential rather than the current 50-year-old residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28626, living area = 2741.
The property comes with city-approved plans for a luxury modern farmhouse, significantly reducing the lead time and administrative hurdles for buyers looking to build a custom estate.
Situated on a rare 28,000+ square foot lot in the highly coveted 85254 zip code, the property offers massive scale and privacy within a neighborhood of multi-million-dollar estates.
At a list price of nearly $1.5M for what is primarily a land-value play, the total investment required after construction costs will be substantial, targeting a specific high-end buyer segment.
The original 1973 structure likely requires a complete teardown or a massive renovation to align with the modern luxury standards of the surrounding area, making it unsuitable for move-in-ready buyers.
This is an exceptional chance to build in a highly sought-after area of Scottsdale. With plans already approved through the city for a spectacular modern farmhouse with fabulous curb appeal, soaring ceilings, and a four-car garage, you can begin imagining your dream home immediately. But feel free to create your own if that's what you prefer. Opportunities like this where size, location and potential perfectly align are a rare occurrence, and the options are endless with this 28,000+ square foot lot located in one of the most coveted areas of 85254 and surrounded by multi-million-dollar estates, top-rated schools, and world-class shopping and dining!
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 6.0 | 2.0 | 98% |
| Square foot | 2,741 | 2,221.5 | 74% |
| Lot Size | 28,626 | 10,250.5 | 90% |
| Price | $1.50M | $705.0K | 90% |
| Price per sq ft | $545 | $367 | 88% |
| Built year | 1973 | 1984 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 2218 | 0% |
Apr 9, 2026
$1,495,000
Initial Listing