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$1,495,000
50 Days Online

2800-2900 Lem Dr., Six .5 -.75 Acre Lots
Sedona, AZ 86336

For Sale|Land|Active
Subdivision:
Under 5 Acres
County:
Yavapai
Call Now: (928) 323-0031
Is this the home for you? We can help make it yours.
(928) 323-0031
2800-2900 Lem Dr., Six .5 -.75 Acre Lots2800-2900 Lem Dr., Six .5 -.75 Acre Lots2800-2900 Lem Dr., Six .5 -.75 Acre Lots2800-2900 Lem Dr., Six .5 -.75 Acre Lots
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Monthly Payment (Est.)

$6,821
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

Seller financing is available. Six (6), .5-.75 ac. lots. Fantastic red rock knoll & natural vegetation site with incredible 360 red rock panoramic views. 6 Parcels, #003-008, 3.67 acres. Engineering complete for gated road and all underground utilities to each lot(approx cost of 600, 000 for grading and utilities (not including gates), in process of and very close to permitting. Build two Short-term rental homes on each lot, a home and a guest house. Or one large 6, 000 s ft STR(short-term rental community) or six 10 room assisted living homes or a combo of both. No hoa, or CC&Rs. Walk/Bike to restaurants, shopping, and hiking and biking trails. Perfect for investors who are interested in a gated private enclave. With RS-10 zoning Could also be a potential 15-lot subdivision. A steal at 395, 000 per acre with all active and sold comps closer to 900, 000 per acre. Could be rezoned to an apartment building if affordable housing is included. One of a 3-turn key project offering (see 3 project operating memorandum under docs). Seller will sell all 3 projects or 18 acres including all 25 lots, 18 TO BE FULLY IMPROVED by approximately 7/2024. Adjoining CF zoned 1.7 acres parcel with allowable permitted uses are private clubhouse, corporate/wedding facility, and assisted living adjoining the Sky Ridge Estates STR lots. Events are not allowed with STR but are on this adjoining parcel. The total price for all 3 projects is now discounted to 8, 895, 000. (recently adjusted from 11, 500, 000) Please see the attached Sedona development Offering memorandum. 18 lots to include all improvements, the other 7 lots are platted and unimproved, 6 on ridge/red rock bluff. Excavation/Grading and utilities (all improvements) are currently bid at 700, 000 for the 6 Lem lots(this listing Lem). Approved for gates(not included) Seller may carry with full price offer & half down. Sky Ridge Lot 3 is excluded (sold) Recent close in proximity Comparable, within 1 mile, 23 acres mostly undeveloped without approvals recently(10/11/23) sold for $25, 661, 906 or $1, 115, 735 per acre. The owner is an active licensed Az Real Estate Broker, general contractor, and developer.

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Listing Snapshot
Price 
$1,495,000
Days Online 
50 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
3.67 Acres
Year Built 
N/A
MLS® Number 
535778
Status 
Active
Property Tax 
$7,000
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoPrice changed to $1,495,000
a month agoPrice changed to $1,449,000
a month agoPrice changed to $1,490,000
2 months agoListing first seen online
General Features
Acreage 
3.67
Water 
Public
Property Sub Type 
Residential Land
Zoning 
res
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Exterior Features
Fencing 
NonePerimeterPartial
Lot 
Cul- De- SacRed RockGrassMany TreesRuralViewsOtherRock Outcropping
Road Frontage 
City StreetPrivate Road
Community Features
Community Features 
Gated
MLS Area 
42 - West Sedona
Listing courtesy of Galloway Realty, LLC
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MLS listing information provided by Sedona Verde Valley Association of Realtors. Data deemed reliable but should be verified. Data last updated at: 2024-05-16 09:35 PM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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