5240 N 61ST Street # 3 Paradise Valley, AZ $ 2,999,000
5240 N 61ST Street # 3
$ 2,999,000
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5240 N 61ST Street # 3

Paradise Valley, AZ, 85253
$ 2,999,000
Baths0.0

Monthly Estimate*

$ 18,710

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Studio

Lots and Land for sale in Paradise Valley, AZ

for $2,999,000. The lot size is 1.66.

A rare opportunity awaits on the north side of Camelback Mountain. This hillside lot spans over an acre and comes with plans ready for permits, offering the perfect canvas for a custom two-story modern estate with amazing views. Located within a gated community of Cholla Heights, which is comprised of only seven homes, each showcasing contemporary architecture, this is the final gated community available on the iconic Camelback Mountain. Just minutes from Scottsdale's premier dining and shopping, the setting is truly unmatched. As part of this private enclave, the property boasts sweeping mountain and city views. The contemporary design envisions 6,734 sq. ft. of living space with a level entry and soaring 25-foot glass windows that bring the outdoors in. The full set of complete drawings presently features a gym, home office, movie theater, and four-car garage. Outdoors, facing the mountain views to the east is nearly 1,000 sq. ft. of entertainment space, including an infinity pool and spa, perfect for enjoying the incredible views. A unique feature for a mountain lot is a rare private backyard. This property offers an additional 1,000 sq. ft. of private yard set against a rising mountain slope, providing complete privacy as you relax in the heated spa. An unparalleled opportunity to create a truly one-of-a-kind home in one of Paradise Valley's most desirable locations.

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Lots and Land Active

Price

$ 2,999,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 7,717

Style

Land

Lot Size

1.66

Town/City

Paradise Valley

County/Region

Maricopa

MLS | Web ID

6957237

Features
General
Sewer Public Sewer
Development Status Plans Available
Zoning R-35
HOA Fee 4743.76
Electric SRP Underground Individual Meter
View City Lights Mountain(s)
Topography Mountainous Cut Hillside Level
Township 2N
Unit Number 3
Tax Year 2025
Assoc Fee Paid Per Annually
County Maricopa
Property Type Land
HOA Y
Subdivision Name CHOLLA HEIGHTS REPLAT
Possible Use Single Family
Other Structures None
Special Listing Conditions FIRPTA may apply
Status Active
Directions From Chaparral Road go North on Invergordon Road/64th Street turn left/west onto Cholla Lane take left onto 61st Street.
High School Saguaro High School
City Paradise Valley
Disclosures Development Pln Aval
Association Name Cholla Heights
High School District Scottsdale Unified District
Lot Size Units Acres
Lot Size Square Feet 72123.0
Carport Y/N N
Elementary School Kiva Elementary School
Tax Annual Amount 7717.0
Middle/Junior High School Mohave Middle School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.tourfactory.com/idxr3232449
Standard Status Active
Elementary School District Scottsdale Unified District
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 3
New Financing: Conventional True
Senior Community N
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Exterior
Vegetation Natural Vegetation
Fencing None
Lot Features Gated Community North/South Exp Borders Pres/Pub Lnd
Water Source City Franchise
Lot Size Area 1.66
Spa N
Lot Dimensions IRREGULAR
Lot Size Acres 1.66
Road Surface Type Asphalt
Waterfront Y/N N
Number of Lots 1
Crops Included Y/N N
Road Responsibility Private Maintained Road
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
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Internal Only
Street Number 1 5240
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* Excluded Features
List By
Grigg's Group Powered By The Altman Brothers

Broker

Scott@thealtmanbrothersgriggsaz.com

Email

Affordability Calculator

$19,353
Per Month
97%
3%
0%
Monthly Principal & Interest
$18,710
Monthly Property Taxes
$643
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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.
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Nearby
4328163 Elementary School
4327976 Middle School
Saguaro High School High School
Pricing History
DatePricePrice ChangeDescription
12/12/2025$2,999,000 Listed Price

Map


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5240 N 61ST Street # 3, Paradise Valley, AZ, 85253 is a Lots and Land for sale at $2,999,000 with a lot size of 1.66. 5240 N 61ST Street # 3 is a studio with 0.0 baths. The property's zip code is 85253 which is in Paradise Valley, AZ