3811 E STELLA Lane, Paradise Valley, AZ 85253, Paradise Valley, 85253 - 4 bed, 3 bath
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Paradise Valley, AZ 85253
This Prime Luxury Development Site represents a High-Potential Investment Opportunity with a List Price of $3,100,000—positioned well below the $3,164,577 Fair Market Value by 2%. This valuation provides $64,577 in Instant Equity for a Value-Add asset defined by its over one-acre flat lot and iconic Camelback Mountain views. With a Condition Rating of 6, the 1969 structure is a teardown candidate. While served by Biltmore Preparatory Academy and Camelback High, the primary value is in the land. This acquisition is ideal for Luxury Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3811 E STELLA Lane Subject | $3,100,000* List Price | 4 | 3 | 4,213 | $751 | - |
A 4214 E CLAREMONT Avenue Sold | $3,495,000 | 4 | 5 | 5,616 | $622 | 0.6 mi |
B 7147 N RED LEDGE Drive Sold | $2,250,000 | 4 | 5 | 4,151 | $542 | 1.0 mi |
C 4301 E KEIM Drive Sold | $2,649,000 List Price | 4 | 4 | 4,329 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is marketed primarily as a 'homesite' and 'canvas' for a new luxury estate, with the listing description explicitly suggesting the site is ideal to 'build your dream estate.' Built in 1969, the existing structure is over 50 years old, and the absence of interior photos strongly suggests the home is in original or poor condition. The value is clearly based on the prime one-acre lot and mountain views rather than the current improvements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 46435, living area = 4213.
Situated on over an acre in a highly coveted Paradise Valley pocket, this flat, private lot offers an exceptional and rare canvas for a luxury estate.
The property boasts breathtaking mountain vistas in every direction, including iconic views of Camelback Mountain from both the front and back yards.
Built in 1969, the existing structure likely requires a full renovation or a complete teardown to meet the luxury standards of the surrounding neighborhood.
The assigned public high school has a lower academic rating, which may be a consideration for families prioritizing top-tier public education.
A RARE PARADISE VALLEY OPPORTUNITY OVER AN ACRE IN A PRIME CUL-DE-SAC LOCATION. Build your dream estate on this exceptional homesite nestled in one of the most coveted pockets of Paradise Valley. Set on OVER AN ACRE, this flat, highly desirable lot offers the perfect canvas to create a true luxury residence with both scale and privacy. Surrounded by breathtaking MOUNTAIN VIEWS in every direction, enjoy iconic views of Camelback Mountain and mountain vistas from both the front and backyard. The flat elevation provides ease of build and endless design possibilities ideal for maximizing indoor-outdoor living, expansive entertaining spaces, and resort-style amenities. Tucked away on a quiet cul-de-sac just off Lincoln, this location offers the perfect balance of tranquility and convenience minutes from world-class dining, golf, and the best of Scottsdale and Paradise Valley living.
No exterior & parking available.
Grades K-8 • 1.8 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 26% |
| Square foot | 4,213 | 4,661 | 44% |
| Lot Size | 46,435 | 44,038 | 71% |
| Price | $3.10M | $2.50M | 55% |
| Price per sq ft | $736 | $683 | 55% |
| Built year | 1969 | 1982 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 2511 | 1% |
Apr 7, 2026
$3,100,000
Initial Listing