7224 E JENAN Drive, Scottsdale, AZ 85260, Scottsdale, 85260 - 6 bed, 4 bath
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Scottsdale, AZ 85260
This property presents a High-Potential Investment Opportunity with a List Price of $1,650,000, positioned above the $1,554,834 Fair Market Value. While the current structure carries a Condition Rating of 6, the true value lies in the 39,656 sqft lot located in a premier Scottsdale corridor. Surrounded by $5M+ estates, this buildable land asset offers a blank canvas for luxury development. This is a strategic acquisition for Custom Home Developers or High-End Investors seeking to capitalize on the scarcity of prime Scottsdale acreage.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7224 E JENAN Drive Subject | $1,650,000* List Price | 6 | 4 | 3,633 | $428 | - |
A 12213 N 79TH Street Active | $1,300,000 List Price | 4 | 3 | 3,110 | $418 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1960 (>50 years old). While the interior shows recent cosmetic updates to flooring and cabinetry, the listing explicitly states 'the value here is in the land' and markets the property as a 'canvas for your next masterpiece' among $5M+ estates, indicating the existing structure is a tear-down for the target market.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 39656, living area = 3633.
Situated in the prestigious Cactus Corridor, the property is surrounded by $5M+ multi-million dollar estates, ensuring high neighborhood value and long-term appreciation.
The nearly one-acre (39,656 sqft) flat lot offers an ideal, ready-to-build canvas for a custom luxury masterpiece or a high-end speculative development.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3633, other record living area = 1581. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
The primary value is in the land, meaning the existing 1960s structure likely requires a total teardown, adding demolition costs and permitting time to the project.
At a $1.65M price point for what is essentially a lot sale, the property requires a high-capital investor or buyer prepared for a significant total project budget.
Attention Builders & Investors; Don't miss your chance to secure one of the best premier lots. Prime Opportunity in the Heart of Scottsdale. Opportunities like this are few & far between in one of Scottsdale's most exclusive neighborhoods, surrounded by $5M plus multi-million dollar estates & custom luxury homes. This is more than a property, it's a chance to create something extraordinary. Whether you're an experienced builder, custom home developer, or discerning buyer with a vision, this lot offers the perfect canvas for your next masterpiece. Just East of Scottsdale Rd between Cactus & Shea, this vibrant local community & proximity to top-tier dining, shopping, & entertainment. The value here is in the land. Flat, buildable, & ideally positioned among $5M+ Custom Homes!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,633 | - |
| Lot Size | 39,656 | - |
| Price | $1.65M | $1.25M |
| Price per sq ft | $454 | $475 |
| Built year | 1960 | 0 |
| HOA | $0 | $0 |
| Days on market | 5 | 2493 |
Jul 17, 2026
$1,650,000
Initial Listing