7 months on rocket

LOTS1-18 Sky Ridge Ct Unit 5, Sedona, AZ, 86336

$6,295,500

0.62 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
MLS #6601032
Lot Size0.62 Acres
StatusActive

About LOTS1-18 Sky Ridge Ct Unit 5

Seller financing is available. Spectacular new luxury resort community, Sky Ridge Estates in the Heart of Sedona. 18 lots currently being improved and included in the price. All underground water, sewer, electric, and natural gas are to be stubbed to each lot. Newest and possibly the last subdivision. Beautiful panoramic view hilltop lots. Short walk to new city park and museums town square Tlaquepaque, high-end shopping/dining, Los Abrigados Spa resort, restaurants, gym, lit tennis courts, and Oak Creek front park available for membership. Roads & all underground utilities currently under construction and included in price.Guest houses may be able to be added. HOA allows short-term rentals managed by an exclusive STR management company Also available and part of a 3 turn-key 18-acre project portfolio (see operating memorandum under docs tab) was 11,500,000 reduced to 8,895,000 with adjoining 1.76 acre CF zoned(permitted uses include clubhouse, wedding/corporate facility, private club, assisted living) parcel on Brewer Rd and 6 additional hilltop half an acre + lots on Red Rock bluff/ridge off of Carroll Canyon in west Sedona. Total of 18 acres including 25 lots. 1.75-acre cf lot is being offered for 1,395,000 (not included), Please see the attached Offering memorandum for more information. Plus 6 additional lots(not included also being offered for 1,495,000) are platted and sit on a ridge/red rock outcropping or bluff. Excavation and all improvements bid on those 6 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 is 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. Buyer builder program in place with renowned architectural firm PHX Architecture -Erik Peterson, and custom home builder Galloway Custom Homes, Paul Galloway call for details. The owner is an active licensed AZ Real Estate broker, general contractor, and developer and can assit new buyers to market build and sell homes and lots.

Property Details

Property Features

Listing Office:

  • Office Name: Galloway Realty, L.L.C.
  • Office Phone: (928) 821-3000
  • Listing Agent: Paul Galloway

Lot Features

Lot Information:

  • Lot Size: 0.62 Acres

School Info

Assigned Schools Information:

  • Red Rock Academy, Public District Grades 9-12
  • Sedona Red Rock High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: Directions: Hwy 89A to Brewer or hwy 179 to Ranger rd. to brewer R Mormon Hill Rd to entrance

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,295,500

HOA Fees:

  • Amount: $300
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Sedona, AZ.

Med. Sold Price

$1.2M

Med. Price/SqFt

$507

Avg. Days On Market

61

# of Sold Homes

8

LOTS1-18 Sky Ridge Ct Unit 5 vs Sedona

239 DAYS ON ROCKET

+178 Days

$6,295,500

+$5.0M More

KEY TAKEAWAY

This property is $5.0M more than the Median Sold Price in Sedona, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6601032

Listing Office:

  • Office Name: Galloway Realty, L.L.C.
  • Office Phone: (928) 821-3000
  • Listing Agent: Paul Galloway

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 12:15:24 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$31.7K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$18.9K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-4702980
2
/10
  • Red Rock Academy

  • 995 Upper Red Rock Loop Rd

  • 6.44 miles

  • Public District Grades 9-12

school-card-donut-4702981
4
/10
  • Sedona Red Rock High School

  • 995 Upper Red Rock Loop Rd

  • 6.44 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,280. The majority of Sedona, AZ residents have income between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About LOTS1-18 Sky Ridge Ct Unit 5

What is the listing price of this property?

The listing price of LOTS1-18 Sky Ridge Ct Unit 5 property is $6,295,500.

What type of property is this?

The property LOTS1-18 Sky Ridge Ct Unit 5 is land located in Sedona, Arizona, 86336.

Is this property for sale now?

Active Listing: LOTS1-18 Sky Ridge Ct Unit 5 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for LOTS1-18 Sky Ridge Ct Unit 5 are:
Red Rock Academy: GreatSchools Rating 2/10
Sedona Red Rock High School: GreatSchools Rating 4/10

How much acreage is this property?

The property LOTS1-18 Sky Ridge Ct Unit 5 is 0.62 acres.
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Rocket HomesArizonaYavapai CountySedona86336LOTS1-18 Sky Ridge Ct Unit 5

This home is located at LOTS1-18 Sky Ridge Ct Unit 5 in Sedona, AZ and zip code 86336. This home sits on a 0.62 acre lot. It has been listed on Rocket Homes since September 05, 2023 and is currently priced at $6,295,500.

In April 2024, from all listings sold in Sedona, AZ there were more than 1 sold above asking price, over 5 sold below and more than 2 were sold right at the asked price. In April 2024 in Sedona, AZ there were 23.6% more homes for sale than in March 2024. While the average time on the market in April 2024 was 61 days, the median list price was $1,226,000.

From Rocket Homes Real Estate and based on county public records data.

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