9969 E CHARTER OAK Road, Scottsdale, AZ 85260, Scottsdale, 85260 - 2 bed, 3 bath
Loading property details...
Scottsdale, AZ 85260
This property presents a High-Potential Investment Opportunity with a List Price of $2,500,000—positioned well below the $2,565,732 Fair Market Value by 2%. This valuation gap offers $65,732 in Instant Equity for developers. With a Condition Rating of 6, the existing structure serves as a land-value play for new construction in a prestigious enclave. Featuring Mountain Views and a Large Lot Size, this asset is ideal for Luxury Home Developers or Custom Home Builders seeking a prime Scottsdale development site.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9969 E CHARTER OAK Road Subject | $2,350,000* List Price | 2 | 3 | 3,618 | $677 | - |
A 10003 E GARY Road Pending | $2,395,000 List Price | 4 | 3 | 3,741 | $640 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1977 (47-49 years old) and marketed exclusively as a 'rare development opportunity' for new construction of $6M-$10M estates. The listing emphasizes land value, lot splitting, and utility taps rather than the condition of the existing 1970s structure, which is typical for a tear-down in this high-end enclave.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 50400, living area = 3618.
Situated on Charter Oak, one of Scottsdale's most prestigious streets, the property is surrounded by multi-million dollar estates ranging from $6M to $10M, ensuring high neighborhood value and equity potential.
With a lot split already underway and public sewer and water ready to tap, this parcel offers a rare and streamlined opportunity for a custom estate or high-end spec home development.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =50400, other record lot size in square feet = 100798. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3618, other record living area = 3432.
The sale is for a portion of a larger parcel currently in the city queue for a split, which may introduce timing uncertainties or administrative dependencies for the buyer.
The existing 1977 residence likely requires a complete tear-down or massive renovation to meet the standards of the surrounding $6M+ new construction, essentially making this a land-value play.
MAJOR PRICE IMPROVEMENT! An extremely rare development opportunity on Scottsdale's most coveted street, Charter Oak. This expansive 2.3-acre parcel offers the unique ability to split the lot, allowing a developer to build two luxury projects simultaneously. Zoning supports the split, with both future homesites having access to all necessary utilities already in place. Surrounded by stunning new construction ranging from $6M-$10M, this property sits in the heart of one of the area's most prestigious enclaves. Whether building spec or custom estates, you have the flexibility to tailor your design, timeline, and margins to maximize profitability in a proven high-end market. Sale is not for entire 2.31 acre parcel.
No exterior & parking available.
Grades PK-6 • 1.5 mi
Grades 6-8 • 2.0 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 | 10% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,618 | 2,328 | 86% |
| Lot Size | 50,400 | 10,410 | 97% |
| Price | $2.35M | $0 | 95% |
| Price per sq ft | $650 | $0 | 94% |
| Built year | 1977 | 1987 | 10% |
| HOA | $0 | $85 | 32% |
| Days on market | 51 | 2530 | 1% |
Jun 6, 2026
$2,350,000
$2,500,000
-6% Price Drop
Initial Listing
Apr 29, 2026
$2,500,000
Initial Listing