5434 E LINCOLN Drive 4, Paradise Valley, AZ 85253, Paradise Valley, 85253 - 2 bed, 3 bath
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Paradise Valley, AZ 85253
Luxury Developers."
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"Paradise Valley teardown in gated Colonia Miramonte. $2.35M list price, 10,212 sq ft lot with mountain/golf views. Ideal for custom build near Camelback Resort."
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"This **Prime Teardown Asset** is a <span class="bg-green-100 px-1.5 py-0.5 rounded font-bold">High-Potential Investment Opportunity</span> with a **List Price of $2,350,000**, positioned at its **$2,312,455 Fair Market Value**. Located in **Colonia Miramonte**, this property offers immense upside in a guard-gated enclave where neighboring estates command **$4M+**. Featuring a **Condition Rating of 6**, the **10,212 sq. ft. cul-de
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5434 E LINCOLN Drive 4 Subject | $2,350,000* List Price | 2 | 3 | 2,457 | $941 | - |
A 5434 E LINCOLN Drive E 36 Active | $2,900,000 List Price | 3 | 4 | 3,344 | $867 | 0.3 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 rehab or teardown opportunity in the listing description. Built in 1967, the home retains highly outdated features such as floral wallpaper on the kitchen walls and ceilings, original-style cabinetry, tiled countertops, and aged carpeting. Given the age of over 50 years without significant modern renovations and the prime location value, the structure is positioned for demolition to make way for a new custom residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10212, living area = 2457.
Situated in the highly regarded, guard-gated community of Colonia Miramonte in Paradise Valley, the property offers direct proximity to the Camelback Resort and is surrounded by multi-million dollar estates.
With neighboring properties valued in the $4M+ range, this lot presents a rare opportunity for builders or homeowners to create a custom residence and capture substantial market equity.
The existing 1967 structure is classified as a rehab or teardown, necessitating a significant additional investment in demolition or a complete top-to-bottom reconstruction.
The property carries a substantial association fee of $2,300, which significantly increases the ongoing carrying costs for a buyer during the planning and construction phases.
PARADISE VALLEY - GATED CUL-DE-SAC LOT Huge price reduction-by far the best value in Colonia Miramonte! Solid opportunity for buyers and builders ready to start anew. Located in the heart of Paradise Valley in the highly regarded, gated community of Colonia Miramonte, this cul-de-sac property offers privacy, a coveted location, and real potential. The existing 2,457 sq ft home is a rehab/teardown, providing the opportunity for a new custom residence, designed to your specifications. Colonia Miramonte is established and well-maintained, with many neighboring properties in the $4M+dollar range. Direct proximity to Camelback Resort means world-class golf, spa services, and fine dining are essentially at your doorstep, while the guard-gated setting keeps things secure, secluded and private. and prestigious cities. If you're looking for a buildable, proven location, this is worth serious consideration. Bring your builder. The time is now.
No exterior & parking available.
Grades PK-6 • 2.0 mi
Grades 6-8 • 4.0 mi
Grades 9-12 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 3% |
| Baths | 3.0 | 4.0 | 26% |
| Square foot | 2,457 | 4,661 | 5% |
| Lot Size | 10,212 | 43,984 | 5% |
| Price | $2.35M | $2.50M | 48% |
| Price per sq ft | $956 | $683 | 77% |
| Built year | 1967 | 1982 | 23% |
| HOA | $2300 | $0 | 90% |
| Days on market | 56 | 2511 | 1% |
Feb 25, 2026
$2,350,000
Initial Listing