$4,499,000

About this home

Fully Remodeled Existing Residence with Redevelopment/New-Construction Upside! This rare Paradise Valley opportunity encompasses 1.14 acres with only 13.81% current lot coverage. The prospective buyer could either have an exceptional homesite with substantial improvements, infrastructure & privacy, or the opportunity to create a premier new custom estate. For a future owner pursuing redevelopment, the existing residence may also present a pre-demolition salvage & charitable-donation tax savings opportunity. With either direction, the property also includes an extraordinary approx. 1,000+ SF new guest residence, thoughtfully separated from the main residence, with private parking and an oversized rooftop deck offering direct views of Camelback Mountain. The property's mature land ...landscape creates an exceptional natural perimeter of privacy, highlighted by approx. 280 mature & lush Ficus trees, many exceeding 20 feet in height. This established landscape represents years of growth, time and investment that would be difficult to replicate. In addition, the caliber of the surrounding neighborhood further reinforces the opportunity. Solano Drive is experiencing significant transformation, with recent neighboring tear-down sales reaching approximately $3.75 million (for a 1-acre lot without casita) and extraordinary new estates poised to redefine the street. For those who understand the value of land in Paradise Valley, opportunities of this nature are increasingly rare: an estate-sized homesite, landscaping privacy, Camelback Mountain views, a substantial new guest residence, significant infrastructure and a premier setting--all paired with the freedom to create a future custom estate.