$4,300,000
SOLD FEB 25, 2025

7620/7540 N Red Ledge Dr Unit 202, 205 Paradise Valley, AZ 85253

16.68 Acres
$257,794 Price per Acre
726,581 Sq Ft Lot

Recently Sold

64% Below List Price

40 Days on Market

Highlights

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

About This Lot

As of February 2025

AUCTION BIDDING OPEN: Bidding ends 01/24. Previously listed at $11.8M. Current High Bid 3M! Perched atop the 2 highest view lots in Paradise Valley, this dual-lot estate presents an unmatched opportunity to create a desert masterpiece on over sixteen acres of breathtaking terrain. Selling collectively, the lots provide uninterrupted panoramic vistas encompassing Camelback Mountain, the downtown Phoenix skyline, and the vast Sonoran Desert. Build upon your wildest vision or use the thoughtfully designed plans that include a nearly 16,000-square-foot residence featuring sophisticated architectural details by Ivan Shongov and exceptional craftsmanship by Kurt Holland. The unapproved plans for this ultra-private estate boasts a cantilevered negative-edge pool with a glass floor, a 3,000-bottle wine room, a professional gym, and a stunning atrium lobby with a circular glass elevator. Whether it's retractable glass walls opening to expansive terraces to the rooftop retreat, any feature can be created and customized to harmonize luxury with the natural beauty of Arizona's iconic landscape. Minutes from world-class golf courses, fine dining, and vibrant Scottsdale culture, this property redefines desert living!

Last Agent to Sell the Property

Mary Jo Santistevan

Berkshire Hathaway HomeServices Arizona Properties License #SA581367000 Listed on: 02/22/2025

Co-Listed By

Mike Santistevan

Berkshire Hathaway HomeServices Arizona Properties License #SA627471000

Last Buyer's Agent

Don Knight

Compass License #SA663821000

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,156

Lot Details

  • 16.68 Acre Lot
  • 2 Lots in the community
  • Additional Parcels

HOA Fees

  • $750 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Schools

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

Additional Features

  • North or South Exposure
  • Private Water Source

Listing and Financial Details

  • Tax Lot 202, 205
  • Assessor Parcel Number 169-12-007-D

Community Details

Overview

  • Clearwater Hills Association, Phone Number (480) 922-9080
  • Clearwater Hills 2 Lot 202 And Lot 205 Subdivision
  • Property is near a preserve or public land

Security

  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$23,156

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Cross Street: Lincoln and Tatum
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land, Plans Available
  • Topography: Steep Sloping, Mountainous, Hillside
  • Zoning: RES
  • Tax Year: 2024
  • Directions: North on Tatum Blvd, past Paradise Valley Country Club. Left at the light at Clearwater Pkwy, proceed to gate house. Guard will direct to the highest view lots in Clearwater Hills.
  • Horses: No
  • Lot Size Acres: 16.68
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: praz21
  • Co List Office Phone: 480-467-4900
  • Subdivision Name: CLEARWATER HILLS 2 LOT 202 and Lot 205
  • Tax Parcel Letter: D
  • View:Mountain View(s): Yes
  • View:City Light View(s): Yes
  • Water Source Private Franchise2: Yes
  • Special Features: Auction
  • Property Sub Type: LotsLands

Interior Features

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

Exterior Features

  • Fencing: None
  • Lot Features: Gated Community, Guarded Entry, North/South Exp, Borders Pres/Pub Lnd
  • View: Mountain(s), City Light(s)
  • Disclosures: Other (See Rmks)
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: Private

Condo/Co-op/Association

  • Annual HOA Fees: 9000.0
  • HOA Paid Frequency: Annually
  • HOA Telephone: 480-922-9080
  • HOA Transfer Fee: 400.0
  • Association Fee: 9000.0
  • Association Fee Frequency: Annually
  • Association Name: Clearwater Hills
  • Phone: 480-922-9080
  • 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: IRR
  • Lot Size Sq Ft: 717192.0
  • Number Of Lots: 2
  • Additional Parcels: Yes
  • Parcel #: 169-12-007-D
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 23156.0
  • Tax Book Number: 169.00
  • Tax Lot: 202, 205
  • Tax Map Number: 12.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold $4,300,000 +43.3% --
02/22/2025 02/22/25 Price Changed $3,000,000 0.0% --
01/28/2025 01/28/25 Pending -- -- --
01/18/2025 01/18/25 Price Changed $3,000,000 -74.6% --
12/19/2024 12/19/24 For Sale $11,800,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Mary Jo Santistevan

    Berkshire Hathaway HomeServices Arizona Properties

  • M

    Seller Co-Listing Agent in 2025

    Mike Santistevan

    Berkshire Hathaway HomeServices Arizona Properties

  • D

    Buyer's Agent in 2025

    Don Knight

    Compass

    (480) 244-2427

    1 in this area

    14 Total Sales

    Don Knight
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6795993

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Paradise Valley 85253

7620/7540 N Red Ledge Dr Unit 202, 205, Paradise Valley, AZ

This home is located at 7620/7540 N Red Ledge Dr Unit 202, 205, Paradise Valley, AZ 85253 and is currently priced at $4,300,000. 7620/7540 N Red Ledge Dr Unit 202, 205 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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