7131 E CHOLLA Street, Scottsdale, AZ 85254, Scottsdale, 85254 - 5 bed, 3 bath
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Scottsdale, AZ 85254
This property presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well below the $1,221,048 Fair Market Value by 1.7%. This valuation gap offers $21,048 in Instant Equity. With a Condition Rating of 6, the 1968 structure serves as a prime candidate for a luxury rebuild on its expansive 35,466 sq. ft. lot. Located in a top-tier school district, this asset is ideal for Real Estate Developers or Custom Home Builders seeking high-visibility land in Scottsdale.
Property is land value only, full reconstruction required.
Built in 1968 (56+ years old) with no mention of renovations. The listing description focuses almost exclusively on land value, redevelopment potential, and the opportunity for a 'luxury residential rebuild,' which aligns with the criteria for a tear-down property.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 35466, living area = 2665.
Elementary School: Sequoya Elementary School (9/10).
Situated on a rare, nearly one-acre corner parcel in the highly coveted 85254 zip code, offering exceptional land value and prestige in a high-demand Scottsdale area.
Built in 1968, the existing home likely requires significant modernization or a complete teardown to realize the site's highest and best use, necessitating substantial additional capital.
The prominent location at the intersection of Scottsdale Road and Cholla Street provides great visibility but subjects the property to significant traffic noise and reduced residential privacy.
Rare opportunity to own one of the few remaining large corner parcels in the highly desirable 85254 zip code. Situated on nearly an acre, approximately 36,000 square feet, at the prominent intersection of Scottsdale Road and Cholla Street, this 5-bedroom, 2.5-bath home offers exceptional visibility, access, and long-term potential. The property presents a wide range of possibilities, whether as a luxury residential rebuild, investment property, or potential commercial/mixed-use redevelopment. Buyers should verify all zoning, use, and redevelopment options directly with the City of Scottsdale. With no HOA restrictions, the property offers added flexibility for builders, developers, investors, or end users looking to create a custom private estate or pursue a high-exposure redevelopmen
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,665 | - |
| Lot Size | 35,466 | - |
| Price | $1.20M | $1.21M |
| Price per sq ft | $450 | $468 |
| Built year | 1968 | 0 |
| HOA | $0 | $0 |
| Days on market | 28 | 2507 |
May 28, 2026
$1,200,000
Initial Listing