SCRAPE & BUILD OPPORTUNITY IN PARADISE VALLEY! Attention developers, investors & builders--rare opportunity to acquire a flat 1.15-acre lot with mountain views and tremendous potential to build a luxury custom or spec home. Existing structure is likely a complete teardown. New construction on the same street and nearby is selling in the $12M-$16M+ range, highlighting the upside and desirability of this location. Bring your vision and capitalize on this exceptional Paradise Valley opportunity.
CloseDaily local analysis
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
This property is offered at $1,090 per square foot, compared with a $839 median for active 4-bedroom homes in Paradise Valley. Its asking price falls near the 44th percentile of that active group. The comparison uses 66 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $3,429,514, and the median is $733 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 3311 E Stella Lane 008, Paradise Valley, AZ 85253 | May 8, 2026 | — | $2,047,500 | 0.3 mi |
| 3811 E STELLA Lane, Paradise Valley, AZ 85253 | Jun 26, 2026 | 4 bd · 4,213 sqft | $3,100,000 | 0.3 mi |
| 3905 E SIERRA VISTA Drive, Paradise Valley, AZ 85253 | Jun 1, 2026 | 3 bd · 4,363 sqft | $2,200,000 | 0.4 mi |
| 3627 E BETHANY HOME Road 2, Paradise Valley, AZ 85253 | Jun 5, 2026 | — | $4,950,000 | 0.5 mi |
| 3400 E PALO VERDE Drive, Paradise Valley, AZ 85253 | Aug 20, 2026 | 4 bd · 4,834 sqft | $3,534,028 | 0.5 mi |
| 6112 N Paradise View Drive, Paradise Valley, AZ 85253 | May 27, 2026 | 14 bd · 52,000 sqft | $9,000,000 | 0.5 mi |
| 6615 N 39TH Way, Paradise Valley, AZ 85253 | Sep 28, 2026 | 4 bd · 3,791 sqft | $3,325,000 | 0.6 mi |
| 3900 E BETHANY HOME Road, Paradise Valley, AZ 85253 | Apr 10, 2026 | 4 bd · 6,264 sqft | $4,650,000 | 0.6 mi |
MLS timeline
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
Continue comparing
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Paradise Valley homes for sale · See the Paradise Valley market report