$3,299,000
$301K PRICE DROP

5240 N 61st St Paradise Valley, AZ 85253

Camelback East Village Neighborhood

Estimated payment $18,586/month

Total Views 17,203
1.66 Acres
$1,987,349 Price per Acre
72,310 Sq Ft Lot

Highlights

  • Gated Community
  • City Lights View
  • Property is near a preserve or public land
  • Kiva Elementary School Rated A
  • 1.66 Acre Lot

About This Lot

Discover a rare opportunity in Paradise Valley - LOT 3, a 1.66 acre hillside haven on the north side of Camelback Mountain is now available with plans available and ready for permits to be pulled! This exclusive lot is part of an intimate gated community featuring only 8 custom contemporary estates, offering unparalleled mountain and city views that stretch for miles. Lot 3 stands out with a unique level entry from the street. The 12,000 sqft contemporary design spans over 6734 sq ft of indoor luxury living, and features 25-foot tall glass windows capturing stunning views. This residence could include 4 ensuites, a gym, a private office, a movie theatre, & 4-car garage. Outdoor living is equally impressive at 1000 sq ft of designed entertainment space with an infinity pool, spa, and a dramatic mountain privacy wall.
Don't miss the chance to be part of this exclusive community and create a legacy on the north side of Camelback Mountain. Your luxurious hillside retreat awaits - seize the opportunity to make it yours.

Listing Agent

Connie Colla

RETSY License #BR656708000 Listed on: 02/18/2025

RETSY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,370

Lot Details

  • 1.66 Acre Lot
  • Property is zoned R-35

HOA Fees

  • $395 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Eco-Friendly Details

  • North or South Exposure

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Saguaro High School

Listing and Financial Details

  • Assessor Parcel Number 172-12-052

Community Details

Overview

  • Cholla Heights Comm Association, Phone Number (480) 540-5479
  • Cholla Heights Replat Subdivision
  • Property is near a preserve or public land

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$7,370

Lot Details

0

HOA Fees

$395 per month

Listing Details

  • Cross Street: Chaparral Road and Invergordon Road/64th Street
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Plans Available
  • Topography: Mountainous, Cut, Hillside, Level
  • Zoning: R-35
  • Tax Year: 2024
  • Directions: From Chaparral Road go North on Invergordon Road/64th Street, turn left onto Cholla Lane, take left onto 61st Street
  • Horses: No
  • Lot Size Acres: 1.66
  • Road Surface Type: Asphalt
  • Subdivision Name: CHOLLA HEIGHTS REPLAT
  • View:Mountain View(s): Yes
  • View:City Light View(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family
  • Land Features:Gated Community3: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Gated Community, North/South Exp, Borders Pres/Pub Lnd
  • View: City Lights, Mountain(s)
  • Disclosures: Development Pln Aval
  • Other Structures: None

Utilities

  • Electric: SRP, Underground, Individual Meter
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 4743.76
  • HOA Paid Frequency: Annually
  • HOA Telephone: 480-540-5479
  • HOA Transfer Fee: 400.0
  • Association Fee: 4743.76
  • Association Fee Frequency: Annually
  • Association Name: Cholla Heights Comm
  • Phone: 480-540-5479
  • Association: Yes

Schools

  • Elementary School: Kiva Elementary School
  • High School: Saguaro High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Lot Size: irregular
  • Lot Size Sq Ft: 72123.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 172-12-052

Tax Info

  • Tax Annual Amount: 7370.0
  • Tax Book Number: 172.00
  • Tax Lot: -
  • Tax Map Number: 12.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,370 $93,769 $93,769 --
2024 $7,222 $89,303 $89,303 --
2023 $7,222 $124,230 $124,230 $0
2022 $6,926 $127,110 $127,110 $0
2021 $7,179 $126,270 $126,270 $0
2020 $7,073 $128,895 $128,895 $0
2019 $9,562 $161,115 $161,115 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2025 06/14/25 Price Changed $3,299,000 -8.4% --
02/18/2025 02/18/25 For Sale $3,600,000 0.0% --
02/15/2025 02/15/25 Off Market $3,600,000 -- --
01/23/2024 01/23/24 For Sale $3,600,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Cash Sale Deed $850,000 Fidelity Natl Title Phoenix
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,500,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6653023

Arizona Regional Multiple Listing Service (ARMLS)

APN: 172-12-052

Arizona Maricopa County Paradise Valley 85018 Camelback East Village

5240 N 61st St, Paradise Valley, AZ

This home is located at 5240 N 61st St, Paradise Valley, AZ 85253 and is currently priced at $3,299,000. 5240 N 61st St is a home located in Maricopa County with nearby schools including Kiva Elementary School, Mohave Middle School, and Saguaro High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Connie Colla
Listing Agent
Connie Colla
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RETSY
(480) 599-5058