17 .5-.8ac Lots SKY RIDGE Estates Court # 5
Sedona, AZ, 86336 $ 5,995,000
Baths0.0 Monthly Estimate*
$ 39,845
Studio
for $5,995,000. The lot size is 0.62.
Sky Ridge Estates Sedonas newest luxury resort community in the heart of Sedona. The community has 19 lots total, two have sold ,17 included with bulk sale. Underground water, sewer, electric, and natural gas to each lot. The community has beautiful panoramic views with hilltop lots. Five minute walk to new city park and museum/ town square, Tlaquepaque, high-end shopping/dining, Los Abrigados Spa resort, restaurants, gym, lit tennis courts, and Oak Creek front park available for membership just a short walk away. Roads and all underground utilities are currently under construction and included in the price. If you're interested in adding guest houses, it may be possible. The HOA allows short-term rentals managed by an exclusive STR management company. Seller financing is available. Also available and part of a 3-turn-key 18 acre/25 parcel project portfolio (see operating memorandum under the docs tab) for 8,495,000 with an adjoining 1.76-acre CF zoned(permitted uses include clubhouse, wedding/corporate facility, private club, assisted living) parcel on Brewer Rd and six additional hilltop half-acre + lots on Red Rock bluff/ridge off of Carroll Canyon in west Sedona. 1.75-acre cf lot is being offered for 1,395,000 (not included). Please see the attached Offering memorandum for more information. Plus, six additional lots(not included, but also offered for 1,495,000) are platted and sit on a ridge/red rock outcropping or bluff. Excavation and all improvements bid on those six lots is 700,000. Approval is for gated (gates not included in price) Seller may carry with a full price offer & half down for the entire portfolio. PLEASE SEE THE ATTACHED; SEDONA DEVELOPMENT OPPORTUNITY /OPERATING MEMORANDUM. Lot 3 and 7 are not included (sold) Comparable, within 1 mile, 23 acres mostly undeveloped without approvals recently(10/11/23) sold for $25,661,906 or $1,115,735 per acre. Sky Ridge Estates is not your average community or short-term rental property. It is similar to a professionally managed 5-star resort with a private club/restaurant/spa/concierge / Mercedes limo van and driver etc., and tight security. Why not own and be able to short-term rent an entire home sleeping 8-10 guests with a concierge for the same rate as a high-end hotel room that sleeps two? Imagine having all your food and alcohol delivered and stocked from Whole Foods so your guests can cook or we can bring in a chef and massage therapist in the privacy of their own home. All For the same price or less than a high-end hotel room.* *Subdivision is approved and roads and utilities are under construction. Private club and gates are being designed and soon to be submitted to the city for approval. A buyer-builder program is in place with renowned architectural firm PHX Architecture -Erik Peterson and custom home builder Galloway Custom HomesPaul Galloway. Call for details. The owner is an active licensed AZ Real Estate broker, general contractor, and developer and can assist new buyers to market-build and sell homes and lots.
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FeaturesGeneralSewer Public Sewer
Zoning RS18
HOA 300.0
Electric APS Underground Individual Meter
Unit Number 5
Tax Year 2024
Assoc Fee Paid Per Monthly
County Coconino
Property Type Land
HOA / Comm Assn Y
Subdivision Name SKY RIDGE ESTATES
Possible Use Other Single Family
Special Listing Conditions N/A
Status Active
Directions Directions: Hwy 89A to Brewer or hwy 179 to Ranger rd. to brewer R Mormon Hill Rd to entrance
City Sedona
Buyer Agent Compensation 2.00
Disclosures Other (See Rmks)
Association Name SKY RIDGE ESTATES HO
View Y/N N
Lot Size Square Feet 26000.0
Carport Y/N N
Street Name Lots SKY RIDGE Estates
Tax Annual Amount 2000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 271
Standard Status Active
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 5
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Senior Community N
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ExteriorFencing Other
Water Source City Franchise
Lot Size Area 0.62
Spa N
Lot Dimensions NA
Lot Size Acres 0.62
Road Surface Type Asphalt
Lot Size Units Acres
Crops Included Y/N N
Road Responsibility Private Maintained Road
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorStreet Suffix Court
Electric On Property Y/N N
Total Baths 0
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* Excluded FeaturesList ByGalloway Realty, L.L.C.Broker
paul@gallowayrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $39,845
- Monthly Property Taxes
- $167
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Sedona, AZ
Average List Price $1,608,500
Percent of Sale Price 73%
Trends Information provided by ATTOM Data Solutions.
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/5/2024 | $5,995,000 | -4.77% | Price Down |
4/29/2024 | $6,295,500 | -0.47% | Price Down |
4/25/2024 | $6,325,500 | -1.56% | Price Down |
4/15/2024 | $6,425,500 | -0.38% | Price Down |
4/6/2024 | $6,450,000 | -0.69% | Price Down |
3/24/2024 | $6,495,000 | -7.15% | Price Down |
12/28/2023 | $6,995,000 | -6.67% | Price Down |
12/1/2023 | $7,495,000 | -5.13% | Price Down |
9/7/2023 | $7,900,000 | | Listed Price |