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42143 N 108th Place, Lot #36, Scottsdale, AZ 85262

$7,000,000
  • 42143 N 108th Place, Lot #36, Scottsdale, AZ 85262 Main Photo

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Active
LOT SIZE 0.718 acres MLS#6842561
STATUSActive PROPERTY TYPELand - Residential SUBDIVISIONDESERT MOUNTAIN SCHOOLCave Creek Unified District

Property Description

Welcome to Desert Mountain, a premier golf and outdoor recreation-based community in north Scottsdale, AZ. This lot, one of very few left in all of DM and high (+- 3,350) in one of its highest villages (indeed, in all Maricopa County), offers: southern exposure; panoramic city light, McDowell Mountain, and winter sunset views; no extraordinary construction costs; and no noise from major internal roads, Cave Creek Road, or golfers or golf course maintenance equipment. Effectively over 107,000 square feet in size due to an adjacent HOA-owned parcel. Advantageous building envelope and lot access. No immediate access to a Desert Mountain Club Full Golf Membership, available via a wait-list, with full access in the meantime to all other activities. Read More for further insights. Lost Star 36 presents a rare opportunity for a sophisticated, forward-thinking investor to secure a premium homesite in Desert Mountain, perhaps the premier community of its type in the United States.Ideal Buyer Profile:A discerning individual who:- May not be interested in golf but sees long-term value in HOA restriction protected, gated, recreational and lifestyle-oriented property.- Might represent a family office focused on generational wealth and memory-rich investments.- Understands there are many more non-golfers in the world than golfers, and that this market segment knows and appreciates that private, gated golf communities typically have real estate more valuable than non-golf course community real estate.- Understands global real estate trends, especially what happens when supply completely stops, and demand keeps growing, as is the case for this caliber of lot in Desert Mountain.- Desires to preserve and grow wealth through assets valued for lifestyle return as much as financial performance.- Is focused on high-quality U.S. real estate, particularly in scenic Arizona, and in one of its most affluent developments.- Appreciates an opportunity to build a home in an area not known for fires, hurricanes, tornadoes, earthquakes, or other natural disasters.Why Desert Mountain?Buyers will recognize Desert Mountain as superior among gated communities due to:- High elevation, clean air, and breathtaking views.- Robust community features: social, recreational, and year-round engagement.- Access to elite healthcare and private air travel.- Limited supply: no additional land to develop, meaning rising long-term value.- Optional access to a private club ranked in the top ten in the country.The most valuable homesites in Desert Mountain typically include: - Privacy (either through size or topography).- No risk of noise from road traffic, or people or equipment on golf courses- Expansive views, and no risk of losing them due to future construction.- South-facing exposure, for winter sun and panoramic views (city lights, mountain ranges, sunsets).- Buildable land with gentle slope and no construction obstacles.- One-level living potential, large building envelope.- Central, elevated location, yet close to clubhouses and gates. Lost Star 36 excels on all these fronts.Site Details:- Size: 31,260 sq. ft., north of and adjacent to a 76,110 sq. ft. undevelopable HOA parcel.- Combined Privacy Buffer: 107,370 sq. ft. (2.46 acres).- Elevation: ~3,350 ASL ideal for year-round enjoyment with cooler summers and mild winters.- Building Envelope: 18,272 sq. ft., suitable for a 6,000+ sq. ft. single-level home.- Driveway Access: Ideal NW entry point allows for functional de

42143 N 108th Place, Unit 36 | MLS# 6842561

This land located at 42143 N 108th Place, Unit 36, Scottsdale, AZ 85262 is currently listed for sale with an asking price of $7,000,000. The property has approximately 0.72 Acres. N 108th Place, Unit 36 is located within the Cave Creek Unified District school district. Search Scottsdale real estate on www.arizonabest.com today.

Property Features

Property Type: Land - Residential
Lot Size: 0.72 Acres
Taxes: $2,530

Feature Descriptions

Days on Site: 389
Fee HOA: 123/Monthly
Fee HOA 2: 172.5/Monthly
HOA Y/N: Yes
Special View Info: Desert, Panoramic
Water: City Franchise

Local Schools

High School: Cactus Shadows High School
Middle School: Sonoran Trails Middle School
Elementary School: Black Mountain Elementary School
School District: Cave Creek Unified District

Listed By / Shown By

Listed By

Agency Name: RE/MAX Fine Properties
Agency Phone: 480-792-9500

Shown By

Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711

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Estimated Payment

$ 17,831.47 per month $15,578.97 Principal & Interest $210.83 Property Tax $2,041.67 Homeowner's Insurance

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