$1,195,000
Phoenix, AZ 85024
MLS# 6988561
1 / 8
Property Description
1.19 Acres | 12 Approved Townhome Units | Permits in Place | Partial Civil Complete. Exceptional infill development opportunity featuring 12 fully approved parcels with plans and permits in place -- ready to build. The site is designed for 6 duplex-style buildings (2 attached townhomes per building), each residence offering 3 bedrooms, 1,602 to 1,962 square feet of livable space, private balcony and a 2-car garage. Approximately 50% of the civil work has already been completed, significantly reducing development timeline and upfront costs. A rare opportunity to step into a near shovel-ready project with approvals secured and infrastructure partially completed -- ideal for developers seeking to accelerate delivery and minimize entitlement risk.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $1,195,000
List Price: $1,195,000
Status: Active
List Date: 2026-02-23
Location, Tax & Legal
Lot #: 128 to 139
Assessor's Map #: 20
Legal Description (Abbrev): LOT 37 PRESERVE AT CAVE CREEK CONDOMINIUM AMD MCR 089116
Assessor's Parcel #: 449
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 616900
Taxes: 7200
House Number: 19226
Compass: N
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85024
Zip4: 2493
County Code: Maricopa
Assessor Number: 213-20-449
Subdivision: PRESERVE AT CAVE CREEK CONDOMINIUM AMD
Tax Year: 2025
General Property Description
Apx Total Acres: 0.04
Apx Total Acres G/N: G
Price Per Acre: 29875000
# Lots in Listing: 12
# Units Allowed: 12
Apx SqFt: 51836
Price Per SqFt: 23.05
Apx SqFt G/N: N
Lot Size Dimensions: 30 by 60
Flood Zone: No
Horses: N
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Elementary School: Sunset Canyon School
Jr. High School: Mountain Trail Middle School
High School: North Canyon High School
Zoning: R5
Legal Info
Range: 3E
Section: 27
Township: 4N
Lot Number: 128 to 139
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 1195000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: Y
HOA Transfer Fee: 200
HOA Fee: 25
HOA Paid (Freq): Monthly
HOA Name: Preserve at Cave Cre
HOA Telephone: 602-863-3600
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Zoned Presently
Multi-Family: 1
Potential Use
Multi-Family: 1
Parcel Size
1.00 - 2.49 Acres: 1
Proposed Density
06 - 10 Units P/Acre: 1
Development Status
Plans Included: 1
Land Features
Cul-De-Sac: 1
View
Mountain(s): 1
Road Surface Type
Asphalt: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Electric
APS: 1
Topography
Gentle Sloping: 1
Gas
SW Gas: 1
Existing Structures
None: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Distance to Gas
On Property: 1
Distance to Sewer
On Property: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Remarks Misc
Cross Street: 101 & Cave Creek rd
Directions: South on Cave Creek rd to the property.
Geo Lat: 33.662088
Geo Lon: -112.032031
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: 1.00 - 2.49 Acres
Proposed Density: 06 - 10 Units P/Acre
Development Status: Plans Included
Land Features: Cul-De-Sac
View: Mountain(s)
Road Surface Type: Asphalt
Topography: Gentle Sloping
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Lockbox Type: None
Listing Office: Compass
Last Updated: February - 23 - 2026
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Broker Attribution:
480-980-2244