May 4, 2024 2:51 pm
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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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