7 + acres 10 parcels Mormon Hill Rd 5-7,13-17,19&CF lot, Sedona, AZ 86336
Description
Supplements: 1.7-acre commercial lot is the only undeveloped lot in the New Town Square. 10 years in the making Improved entitled, ready to build lots, all zoning in place, PLUS EXCLUSIVE BUILDER RIGHTS TO BUILD ALL 20 STRUCTURES, plus EXCLUSIVE SHORT TERM RENTAL/ MANAGEMENT RIGHTS - 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: 1.).5 mile away, Ambiente, La Auberge, and 10 minutes away Enchantment resort; first two with road noise below the highway, renting for 2200+ per night (for 550 s ft) with 75% occupancy. Sky Ridge will be quieter, with much better views and location, and much higher-end homes, 2500-4500 s ft 3/3 AND 5/6 BED BATH, fetching MUCH more. This is a one-of-a-kind project. Seller will begin construction late 2026. The seller has many projects and is looking to consolidate and semi-retire. Several other large land listings of similar size in the area are for sale, but will take years to get approvals/permits/utilities, are raw, unimproved(took 10 years to get Sky Ridge done), and millions in improvements. Most recently sold lot comp lots in residence clubs); 1.)60 Indian head lane .54 acre lot 1/15/2024 sold for 1,250,000. 2.)170 HIDDEN MEADOW DR 7, 1.3-acre lot 3/26/2025 sold for 3,100,000 3.)75 PASEO DEL INEZ 7; 81-acre lot 1/13/2026 sold for 1,350,000.
More Information MLS# 6944435
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