April 25, 2024 9:43 am
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Massive plot of land now available for $28 million in Paradise Valley

A parcel of land in Paradise Valley is on the market for $28 million./ RUSS LYON SOTHEBY’S

By Sydney Maki | Phoenix Business Journal

At the base of Mummy Mountain in Paradise Valley, an 841,669-square foot plot of land has entered the market at $28 million.

“It’s extremely rare that this kind of land in this kind of location becomes available,” said Rusty Davis, a listing agent at Russ Lyon Sotheby’s International Realty. “Having football fields worth of land at the base of a mountain is an amazing opportunity for potential estate builders or developers.”

The land is currently zoned for one house per acre, which Davis said is typical for Paradise Valley, but is likely one of the last pieces of relatively flat, undeveloped land in its size category.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.