5+ acres 7 Mormon Hill Rd 6,13-17 &CF lot, Sedona, AZ 86336
New Listing
Description
Supplements: 1.7 acre commercial lot is the only undeveloped lot in new town square. Basically 7.9 million value for 6.5 million so seller can 1031. Improved entitled ready to build lots all zoning in place including exclusive rights to build and manage 20 parcels . 10 million + in build value alone plus residual management fee income. Seller is a high end custom home builder, broker and developer and can build out for you and manage rentals . Rental Comps; .5 mile away Ambiente, La Auberge and Enchantment resorts, first two with road noise below highway renting for 2200+ per night (for 550 s ft)with 75% occupancy . Sky Ridge will be quiet with much better views and location and much higher end homes 2500 s ft 3/3 fetching more . This is one of a kind project. Seller will begin construction mid 2026 if it doesn't sell. Seller has many projects looking to consolidate and semi retire. The most recent residence club lots sold in the enchantment resort and seven canyons sold for 1,250,000-1,500,000. Several other large land listings of similar size in the area for sale but will take years to get approvals/permits and are raw unimproved(took 9 years to get Sky Ridge done)and millions in improvements.
More Information MLS# 6944435
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