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$2,540,000
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Property Description
A rare opportunity awaits on the north side of Camelback Mountain. This hillside lot spans over an acre and comes with plans ready for permits, offering the perfect canvas for a custom two-story modern estate with amazing views. Located within a gated community of Cholla Heights, which is comprised of only seven homes, each showcasing contemporary architecture, this is the final gated community available on the iconic Camelback Mountain. Just minutes from Scottsdale's premier dining and shopping, the setting is truly unmatched. As part of this private enclave, the property boasts sweeping mountain and city views. The contemporary design envisions 6,734 sq. ft. of living space with a level entry and soaring 25-foot glass windows that bring the outdoors in. The full set of complete drawings presently features a gym, home office, movie theater, and four-car garage. Outdoors, facing the mountain views to the east is nearly 1,000 sq. ft. of entertainment space, including an infinity pool and spa, perfect for enjoying the incredible views. A unique feature for a mountain lot is a rare private backyard. This property offers an additional 1,000 sq. ft. of private yard set against a rising mountain slope, providing complete privacy as you relax in the heated spa. An unparalleled opportunity to create a truly one-of-a-kind home in one of Paradise Valley's most desirable locations.
Full Property Details
Full Property Details for 5240 N 61st St #3
General
- Sold For: $2,540,000
- HOA FEE: $395/month
- HOA FEE FREQ.: Annually
- Taxes: $7,717 (2025)
- Status: Closed
- Type: Lots/Land
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6957237
- Added to Site: 173 day(s) ago
Location
- County: Maricopa
- Township: 2N
- Subdivision: CHOLLA HEIGHTS REPLAT
- Cross Streets: Chaparral Road and Invergordon Road/64th Street
- Total Lots Available: 1
Community
- Association: Yes
- Assoc. Name: Cholla Heights
Utilities
- Dist. to Gas: On Property
- Dist. to Electric: On Property
- Dist. to Sewer: On Property
- Water: City Franchise
- Dist. to Water: On Property
- Dist. to Telecomm: On Property
Additional Structures
- Other Structures: None
Lot Features
- Property View: Mountain(s), City Lights
- Mountain views: Yes
- Lot Size (Acres): 1.66
- Lot Size (Sq. Ft.): 72,123
- Lot Dimensions: IRREGULAR
- Frontage: Asphalt
- Lot Features: Gated Community, North/South Exp, Borders Pres/Pub Lnd
- Development Status: Plans Available
- Trees/Vegetation: Natural Vegetation
- Zoning: R-35
- Fencing (Description): None
Financial Considerations
- Association Fee: $4,744
- Assoc Fee Freq.: Annually
- Tax Amount: $7,717
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: FIRPTA may apply
- Legal Description: LOT 3 CHOLLA HEIGHTS REPLAT MCR
- Property ID: 172-12-052
- Range: 4E
- Section: 16
- Lot Number: 3
Listed by Grigg's Group Powered by The Altman Brothers
Sold by Realty Executives Arizona Territory
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Schools
Schools serving 5240 N 61st St #3
School District:Scottsdale Unified District
| Name | Grades | Distance |
|---|---|---|
Kiva Elementary School 6911 East McDonald Drive, Paradise Valley, AZ 85253 | PK-5 | 1.2 mi |
Mohave Middle School 8490 East Jackrabbit Road, Scottsdale, AZ 85250 | 6-8 | 3.1 mi |
Saguaro High School 6250 North 82nd Street, Scottsdale, AZ 85250 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5240 N 61st St #3
Date
Details
Price
Change
Source
5/27/2026
Sold
$2,595,000
-13.47%
MLS
12/12/2025
Listed
$2,999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5240 N 61st Street #3, Paradise Valley, AZ 85253 (MLS# 6957237) is a Lots/Land property that was sold at $2,540,000 on May 27, 2026. Want to learn more about 5240 N 61st Street #3? Do you have questions about finding other Lots/Land real estate for sale in Paradise Valley? You can browse all Paradise Valley real estate or contact a Coldwell Banker agent to request more information.

