$16,852,600
SOLD MAY 28, 2025

7140 N 40th St Unit 12 Phoenix, AZ 85018

Camelback East Village Neighborhood
4 Beds
6 Baths
8,132 Sq Ft
2.75 Acres

Recently Sold

$2,072 Per Sq Ft

382 Days on Market

Highlights

  • Guest House
  • Heated Spa
  • 2.75 Acre Lot
  • Phoenix Coding Academy Rated A
  • Gated Community
  • Mountain View

About This Home

As of May 2025

JUST COMPLETED, MOVE-IN READY! Discover unparalleled privacy and serenity with the Jade residence in Crown Canyon, Arizona's most exclusive gated community under development by renowned builder BedBrock Developers. This award-winning ultra luxury home with architect CP Drewett and interior designer Mara Green is a true masterpiece. Its distinctive Frank Lloyd Wright inspired triangular form features primary living on the main level with soaring 19-foot ceilings that ascend to an impressive 24 feet encapsulated in glass. A grand staircase, or elevator for ease, takes you to the lower level with two secondary en-suite bedrooms, an oversized game/family room complete with a bar, and a separate fitness room. A detached casita perched above the four-car garage rests seamlessly on the hillside offering a private retreat for guest. Sprawling outdoor decks, fireplaces and an outdoor kitchen surround the infinity pool and spa capturing 250 degree views of the raw desert landscape. This one-of-a-kind home is customized with premium materials and appliances, showcasing dramatic steel beams and meticulous attention to detail throughout. Discover the exquisite allure of Crown Canyon, a secluded and untouched 30-acre enclave in the prestigious community of Paradise Valley. Nestled within a breathtaking mountain preserve, this is home to 12 exceptional luxury residences. Meticulously designed by renowned architects, these one-of-a-kind homes embrace the natural beauty of the surroundings, maximizing the captivating views and unique topography of each homesite. Experience tranquility, seclusion, and utmost security within this gated haven, ensuring unparalleled peace of mind.

Last Agent to Sell the Property

Silje Norbye

Bedbrock Real Estate Company License #SA702756000 Listed on: 03/08/2024

Co-Listed By

Nicole Hazelton

Bedbrock Real Estate Company License #BR710027000

Last Buyer's Agent

Silje Norbye

Bedbrock Real Estate Company License #SA702756000 Listed on: 03/08/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,161

Year Built

  • Built in 2025 | Under Construction

Lot Details

  • 2.75 Acre Lot
  • Desert faces the front and back of the property
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Designed by Drewett Works Architects
  • Contemporary Architecture
  • Wood Frame Construction
  • Spray Foam Insulation
  • Metal Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 8,132 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • 2 Fireplaces
  • Tile Flooring
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • 6 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Home Security

  • Security System Owned
  • Smart Home

Pool

  • Heated Spa
  • Private Pool
  • Pool Pump

Outdoor Features

  • Covered patio or porch
  • Outdoor Fireplace
  • Fire Pit
  • Outdoor Storage
  • Built-In Barbecue

Additional Homes

  • Guest House

Schools

  • Biltmore Preparatory Academy Elementary School
  • Ingleside Middle School
  • Camelback High School

Utilities

  • Central Air
  • Heating Available
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 164-02-027

Community Details

Overview

  • Association fees include (see remarks)
  • Crown Canyon Association, Phone Number (480) 287-2130
  • Built by BedBrock Developers
  • Crown Canyon Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,161

Year Built

Built in 2025 | Under Construction

Lot Details

0

HOA Fees

$125 per month

Parking

4

Listing Details

  • Cross Street: 40th St & Lincoln Dr
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Architect Architect: Drewett Works
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 125.0
  • Basement: N
  • Cooling HVAC SEER Rating: 16
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2025
  • Spa Private: Yes
  • Tax Year: 2023
  • Directions: North on 40th St, take the road to the end where you reach the gate of Crown Canyon.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 2.75
  • Co List Office Mls Id: bedr001
  • Co List Office Phone: 602-717-9366
  • Subdivision Name: CROWN CANYON
  • Architectural Style: Contemporary
  • New Construction: No
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 1500.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Technology:Smart Home: Yes
  • Special Features: NewHome

Interior Features

  • Flooring: Other, Tile
  • Basement YN: No
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop
  • Possible Bedrooms: 6
  • Total Bedrooms: 4
  • Fireplace Features: Fire Pit, 2 Fireplace, Exterior Fireplace, Living Room, Master Bedroom
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Smart Home, Double Vanity, Eat-in Kitchen, 9+ Flat Ceilings, Elevator, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 8132.0
  • Stories: 2
  • Window Features: Dual Pane
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Media Room: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Fireplace Features:Fire Pit: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Storage, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Natural Desert Back, Auto Timer H2O Front, Natural Desert Front, Auto Timer H2O Back, Irrigation Front, Irrigation Back
  • Pool Features: Variable Speed Pump, Private
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Other (See Remarks)
  • Construction Type: Spray Foam Insulation, Stucco, Steel Frame, Wood Frame, Stone
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • Property Condition: Under Construction
  • Roof: Metal
  • Construction:Frame - Wood: Yes
  • Construction:Frame - Metal: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Separate Guest House: Yes
  • Construction Status:Under Construction: Yes
  • Construction:Spray Foam Insulatn: Yes
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Garage Spaces: 4.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Security: Fire Sprinkler System, Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 1500.0
  • Association Fee Frequency: Annually
  • Association Name: Crown Canyon
  • Phone: 480-287-2130
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: No
  • Association Fees:HOA Paid Frequency: Annually
  • Association Fees:HOA Name4: Crown Canyon
  • Association Fees:HOA Telephone4: 480-287-2130
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: Other (See Remarks)

Schools

  • Elementary School: Biltmore Preparatory Academy
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 119972.0
  • Parcel #: 164-02-027

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: BedBrock Developers

Tax Info

  • Tax Annual Amount: 14161.0
  • Tax Book Number: 164.00
  • Tax Lot: 12
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
May 22, 2025
Sold by
Crown Canyon Lot 12 Llc
Bought by
Cameldale Residence Llc
Seller's Agent
Silje Norbye
Bedbrock Real Estate Company
Buyer's Agent
Silje Norbye
Bedbrock Real Estate Company
List Price
$16,895,000
Sold Price
$16,852,600
Premium/Discount to List
-$42,400
-0.25%
Views
431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-98.85%
Original Mortgage
$10,000,000
Outstanding Balance
$10,000,000
Interest Rate
6.03%
Mortgage Type
New Conventional
Estimated Equity
-$2,784,779

Purchase Details

Closed on
Mar 26, 2021
Sold by
Crown Canyon Llc
Bought by
Cc Lot 12 Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,585,000
Interest Rate
2.9%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Dec 31, 2014
Sold by
Whispering Canyon Residential Llc
Bought by
Crown Canyon Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $16,852,600 Premier Title Agency
Warranty Deed $2,000,000 Premier Title Agency
Warranty Deed $4,400,000 Empire West Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,000,000 New Conventional
Previous Owner $5,000,000 Construction
Previous Owner $3,585,000 Small Business Administration
Previous Owner $775,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 Sold $16,852,600 -0.3% $2,072 / Sq Ft
03/26/2025 03/26/25 Pending -- -- --
03/23/2025 03/23/25 For Sale $16,895,000 +0.3% $2,078 / Sq Ft
03/19/2025 03/19/25 Off Market $16,852,600 -- --
01/18/2025 01/18/25 Price Changed $16,895,000 0.0% $2,078 / Sq Ft
01/18/2025 01/18/25 For Sale $16,895,000 +0.3% $2,078 / Sq Ft
01/15/2025 01/15/25 Off Market $16,852,600 -- --
03/08/2024 03/08/24 For Sale $16,200,000 -- $1,992 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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 $23,328 $179,430 -- --
2024 $14,161 $170,886 -- --
2023 $14,161 $151,635 $151,635 $0
2022 $13,606 $105,435 $105,435 $0
2021 $13,937 $119,325 $119,325 $0
2020 $13,598 $120,645 $120,645 $0
2019 $13,502 $109,035 $109,035 $0
2018 $13,225 $115,215 $115,215 $0
2017 $12,714 $104,610 $104,610 $0
2016 $12,221 $90,435 $90,435 $0
2015 $12,128 $93,776 $93,776 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    Silje Norbye

    Bedbrock Real Estate Company

  • N

    Seller Co-Listing Agent in 2025

    Nicole Hazelton

    Bedbrock Real Estate Company

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6672341

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-02-027

Arizona Maricopa County Phoenix 85016 Camelback East Village

7140 N 40th St Unit 12, Phoenix, AZ

This home is located at 7140 N 40th St Unit 12, Phoenix, AZ 85018 and is currently priced at $16,852,600, approximately $2,072 per square foot. This property was built in 2025. 7140 N 40th St Unit 12 is a home located in Maricopa County with nearby schools including Biltmore Preparatory Academy, Camelback High School, and Phoenix Coding Academy.

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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