$5,000,000
$1M PRICE DROP

7266 N 40th St Unit 5 Paradise Valley, AZ 85253

Camelback East Village Neighborhood

Estimated payment $29,223/month

Total Views 3,567
2.25 Acres
$2,222,222 Price per Acre
98,010 Sq Ft Lot

Highlights

  • 2.25 Acre Lot
  • Mountain View
  • Cul-De-Sac
  • Phoenix Coding Academy Rated A
  • Hilly Lot

About This Lot

Rarely does an opportunity like this come along-own a pristine 2.25-acre lot atop the highest peak in the prestigious Crown Canyon community, within the exclusive Paradise Valley enclave. Surrounded by a breathtaking mountain preserve and offering panoramic views of the desert landscape, this premier lot comes with plans for a luxurious 14,833 sqft estate designed by Stratton Architects and BedBrock Developers. Crown Canyon is an exclusive community home to only 12 extraordinary residences, each designed to take full advantage of the unique topography and the spectacular views. This lot offers a perfect canvas to build your dream home within a gated community that ensures complete privacy, tranquility, and security.

Listing Agent

Katrina Barrett

Walt Danley Local Luxury Christie's International Real Estate Brokerage Phone: 520-403-5270 License #BR578628000

Walt Danley Local Luxury Christie's International Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,291

Lot Details

  • 2.25 Acre Lot
  • Cul-De-Sac
  • Hilly Lot
  • Property is zoned RE-43

HOA Fees

  • Property has a Home Owners Association

Property Views

  • Mountain Views

Schools

  • Biltmore Preparatory Academy Elementary And Middle School
  • Camelback High School

Community Details

  • Annual Association, Phone Number (480) 287-2730
  • Whispering Canyon Amd Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 164-02-020

Property Details

Property Type

Land

Est. Annual Taxes

$14,291

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Cross Street: 40th St & Clearwater Pkwy
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: Plans Available
  • Topography: Hillside
  • Zoning: RE-43
  • Tax Year: 2024
  • Attribution Contact: 520-403-5270
  • Lot Size Acres: 2.25
  • Subdivision Name: WHISPERING CANYON AMD
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Cul-De-Sac
  • View: Mountain(s), City Light(s)
  • Disclosures: Other (See Rmks)
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 1500.0
  • HOA Paid Frequency: Annually
  • HOA Telephone: 480-287-2730
  • Association Fee: 1500.0
  • Association Fee Frequency: Annually
  • Association Name: annual
  • Phone: 480-287-2730
  • Association: Yes

Schools

  • Elementary School: Biltmore Preparatory Academy
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Biltmore Preparatory Academy

Lot Info

  • Lot Size: see monsoon
  • Lot Size Sq Ft: 97867.0
  • Additional Parcels: No
  • Parcel #: 164-02-020
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 14291.0
  • Tax Book Number: 164.00
  • Tax Lot: 5
  • Tax Map Number: 2.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,291 $109,919 $109,919 --
2024 $14,125 $104,685 $104,685 --
2023 $14,125 $158,160 $158,160 $0
2022 $13,571 $106,800 $106,800 $0
2021 $13,902 $119,175 $119,175 $0
2020 $13,563 $112,065 $112,065 $0
2019 $13,467 $103,290 $103,290 $0
2018 $13,191 $111,720 $111,720 $0
2017 $12,681 $103,260 $103,260 $0
2016 $12,190 $88,455 $88,455 $0
2015 $12,097 $96,704 $96,704 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Price Changed $5,000,000 -16.7% --
03/10/2025 03/10/25 For Sale $6,000,000 +71.4% --
04/24/2023 04/24/23 Sold $3,500,000 0.0% --
03/22/2023 03/22/23 Pending -- -- --
12/23/2022 12/23/22 For Sale $3,500,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $3,500,000 Premier Title Agency
Special Warranty Deed $4,400,000 Empire West Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,750,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6830706

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-02-020

Arizona Maricopa County Paradise Valley 85016 Camelback East Village

7266 N 40th St Unit 5, Paradise Valley, AZ

Homes for Sale in Paradise Valley, AZ

This home is located at 7266 N 40th St Unit 5, Paradise Valley, AZ 85253 and is currently priced at $5,000,000. 7266 N 40th St Unit 5 is a home located in Maricopa County with nearby schools including Biltmore Preparatory Academy, Camelback High School, and Phoenix Coding Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Katrina Barrett
Listing Agent
Katrina Barrett
Section Image
Walt Danley Local Luxury Christie's International Real Estate
(623) 295-1147