
Paradise Valley, AZ 85253
This Hillside Development Estate is listed at $3,195,000, representing a stable entry point at its $3,195,000 Fair Market Value. Currently holding a Fair Condition Rating, the residence remains functional with Wolf appliances and a pool, yet the primary value lies in the nearly 1-acre hillside lot featuring unobstructed Camelback Mountain views. Sold As-Is, the site offers immense potential for a high-end custom rebuild in a prestigious neighborhood served by Kiva Elementary. This is an elite acquisition for Luxury Redevelopers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4021 E LAMAR Road Subject | $3,195,000* List Price | 3 | 3 | 2,937 | $1,088 | - |
A 5816 N 39TH Street Sold | $2,450,000 | 3 | 2 | 2,672 | $917 | 0.9 mi |
B 6218 N Palo Cristi Road Sold | $2,500,000 | 4 | 2 | 2,380 | $1,050 | 0.8 mi |
C 4545 E Pepper Tree Lane Sold | $2,650,000 | 5 | 4 | 3,270 | $810 | 0.6 mi |
D 4339 E SPRING Lane Pending | $2,500,000 List Price | 3 | 5 | 3,012 | $830 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, the property is well-maintained and functional for immediate occupancy but shows significant signs of age. While the kitchen features high-end stainless steel appliances like a Wolf range, the overall interior style—including glass block showers, dated cabinetry, and worn carpeting—reflects older design trends. The listing's 'As-Is' status and suggestion of a full remodel or tear-down further support a 'fair' rating, as the value is primarily in the land and potential rather than the current state of the structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 42406, living area = 2937.
Situated on a coveted hillside lot in Paradise Valley, the property offers breathtaking, unobstructed views of Camelback Mountain, Tempe, and the city skyline.
With nearly an acre of land and a 'tear-down' opportunity, this site is ideal for a custom luxury rebuild in one of Arizona's most prestigious and high-value neighborhoods.
The property is being sold in its current condition, which likely necessitates a full remodel or demolition to meet modern luxury standards and maximize the site's value.
Built in 1975, the home's original systems and finishes may require significant capital investment to address aging components and aesthetic obsolescence.
Perched on a coveted hillside lot with easy access to Lincoln Drive in Paradise Valley, this property offers sweeping mountain and city views and endless potential. Sold As-Is, the home is perfectly functional for immediate occupancy while remodeling, or as an ideal opportunity for a full tear-down and custom rebuild. No matter the vision, few locations compare to a hillside setting in Paradise Valley. The existing residence features a split floor plan with a spacious primary suite complete with a walk-in closet and an en-suite bath offering dual vanities, a soaking tub, and a well-sized walk-in shower. A guest bedroom with its own en-suite bath provides comfort and privacy. The great room showcases vaulted ceilings with wood beams, a double-sided fireplace, a built-in office desk, and a large wet bar with a pass-through window to the covered patio, ideal for entertaining. The kitchen is fully equipped with stainless steel appliances, including a WOLF gas range, drawer-style dishwasher, range hood, and built-in wall microwave. Adjacent to the kitchen is a den/office with a full built-in desk system and private entrance, along with a guest bathroom and a laundry room featuring a sink and cabinetry. The two-car garage offers ample storage. The backyard spans the full length of the home and includes a covered patio, pool, and a shaded built-in BBQ area with bar seating. Tile flooring extends throughout the outdoor, creating a seamless indoor-outdoor flow. From here, enjoy expansive views of the city lights, Camelback Mountain, and Tempe, an exceptional vantage point that truly defines Paradise Valley living at its best.
No exterior & parking available.
Grades PK-6 • 3.6 mi
Grades 6-8 • 5.6 mi
Grades 9-12 • 5.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 21% |
| Baths | 3.0 | 4.0 | 26% |
| Square foot | 2,937 | 4,661 | 18% |
| Lot Size | 42,406 | 43,984 | 36% |
| Price | $3.19M | $2.50M | 55% |
| Price per sq ft | $1.1K | $683 | 84% |
| Built year | 1975 | 1982 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 78 | 2511 | 1% |
Feb 3, 2026
$3,195,000
Initial Listing