$4,500,000
SOLD APR 15, 2025

7501 E Palo Verde Dr Unit 8 Scottsdale, AZ 85250

Indian Bend Neighborhood
4 Beds
4.5 Baths
4,415 Sq Ft
0.49 Acres

Recently Sold

$1,019 Per Sq Ft

1% Above List Price

139 Days on Market

Highlights

  • Gated Community
  • 0.49 Acre Lot
  • 2 Fireplaces
  • Kiva Elementary School Rated A
  • Contemporary Architecture
  • Community Pool

About This Home

As of April 2025

Nestled just north of downtown Scottsdale, Palo Verde Lane is a unique desert modern community that blends architecture with the natural beauty of the desert. This final home sits on a nearly 0.5 acre lot, featuring a 3-car garage, 3 spacious ensuite bedrooms, an office, and a gym. Its design combines the warmth of wood, the permanence of masonry, and the openness of glass, offering both privacy and connection to nature. Just steps from upscale dining and shopping, the home honors its desert heritage and fosters neighborliness, making it a rare opportunity to own in this coveted community.

Last Agent to Sell the Property

Christopher Karas

Compass License #SA555869000 Listed on: 09/16/2024

Compass

Last Buyer's Agent

Christopher Karas

Compass License #SA555869000 Listed on: 09/16/2024

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,858

Year Built

  • Built in 2024

Lot Details

  • 0.49 Acre Lot
  • Private Streets
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Partially Fenced Property
  • Block Wall Fence

HOA Fees

  • $638 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Foam Roof
  • Stone Exterior Construction

Interior Spaces

  • 4,415 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Skylights
  • 2 Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Concrete Flooring
  • Smart Home
  • Washer and Dryer Hookup

Kitchen

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

Bedrooms and Bathrooms

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

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit
  • Built-In Barbecue

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 173-04-056

Community Details

Overview

  • Association fees include ground maintenance
  • Palo Verde Lane Association
  • Built by ROEDER
  • Palo Verde Lane Subdivision

Recreation

  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,858

Year Built

Built in 2024

Lot Details

0

HOA Fees

$638 per month

Parking

3

Listing Details

  • Cross Street: Scottsdale Rd/Palo Verde Dr
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 638.0
  • Basement: N
  • Cooling HVAC SEER Rating: 18
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2024
  • Tax Year: 2023
  • Directions: Scottsdale Rd/Palo Verde Dr Directions: East on Palo Verde Lane from Scottsdale Road, Property to the Right
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.49
  • Subdivision Name: PALO VERDE LANE
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 1914.0
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Technology:Smart Home: Yes
  • Special Features: 4098

Interior Features

  • Flooring: Concrete
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Fire Pit, 2 Fireplace, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Smart Home, Double Vanity, Eat-in Kitchen, 9+ Flat Ceilings, No Interior Steps, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 4415.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane
  • Community Features:Community Pool: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Fireplace Features:Fire Pit: Yes

Exterior Features

  • Fencing: Block, Partial, Wrought Iron
  • Exterior Features: Private Street(s), Built-in Barbecue
  • Lot Features: Desert Back, Desert Front
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Construction Type: Wood Frame, Painted, Stone
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener, Direct Access, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Side Vehicle Entry: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Programmable Thmstat
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Pvt Water Company
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated, Community Pool
  • Association Fee: 1914.0
  • Association Fee Frequency: Quarterly
  • Association Name: Palo Verde Lane
  • Phone: TBD
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Palo Verde Lane
  • Association Fees:HOA Telephone4: TBD
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1000.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 2094.0
  • Association Fees:Other Fees HOA: 180.0
  • Association Fees:Other Fees Description: 180/qtr- Operating Reserve
  • Association Fee Incl:Common Area Maint3: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

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

  • Land Lease: No
  • Lot Size Sq Ft: 21163.0
  • Parcel #: 173-04-056

Building Info

  • Builder Name: ROEDER

Tax Info

  • Tax Annual Amount: 2858.0
  • Tax Book Number: 173.00
  • Tax Lot: 8
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Apr 15, 2025
Sold by
Palo Verde Lane Llc
Bought by
Wimmer Jenifer and Wimmer David
Seller's Agent
Christopher Karas
Compass
Buyer's Agent
Christopher Karas
Compass
List Price
$4,469,000
Sold Price
$4,500,000
Premium/Discount to List
$31,000
0.69%
Views
31
Current Estimated Value
$4,501,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,417
Avg. Annual Appreciation
-1.67%
Source: Public Records

Range of Values:

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Sold Price
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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 $4,500,000 Wfg National Title Insurance C
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Sold $4,500,000 -1.3% $1,019 / Sq Ft
02/02/2025 02/02/25 Pending -- -- --
10/04/2024 10/04/24 Price Changed $4,559,000 +2.0% $1,033 / Sq Ft
09/16/2024 09/16/24 For Sale $4,469,000 -- $1,012 / 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 $2,889 $42,304 $42,304 --
2024 $2,858 $40,289 $40,289 --
2023 $2,858 $117,405 $117,405 $0
2022 $2,714 $61,140 $61,140 $0
2021 $2,877 $57,180 $57,180 $0
2020 $2,853 $50,310 $50,310 $0
2019 $2,757 $51,750 $51,750 $0
Source: Public Records

Agents Affiliated with this Home

  • Christopher Karas

    Seller's Agent in 2025

    Christopher Karas

    Compass

    (602) 919-6511

    33 in this area

    310 Total Sales

    Christopher Karas
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6758018

Arizona Regional Multiple Listing Service (ARMLS)

APN: 173-04-056

Arizona Maricopa County Scottsdale 85250 Indian Bend

7501 E Palo Verde Dr Unit 8, Scottsdale, AZ

This home is located at 7501 E Palo Verde Dr Unit 8, Scottsdale, AZ 85250 and is currently priced at $4,500,000, approximately $1,019 per square foot. This property was built in 2024. 7501 E Palo Verde Dr Unit 8 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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