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$2,950,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 4 Total Baths
  • 4,571 Sq. Ft.
  • 1.44 Acres
  • 2 Car Garage
  • Updated 8 days ago
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Nestled high in a canyon on the hillside of Phx Mountain Preserve, this charming home in a peaceful location has dramatic views of the surrounding mountains. Relax by the sparkling pool on your spacious, beautifully landscaped private patio while taking in the spectacular scenery! Large, comfortable living room w/ wet bar, beehive fireplace & sliding doors to patio is ideal space for entertaining. Spacious kitchen w/ large adjacent dining room both have tremendous mountain views. Luxurious primary suite opens to patio, & bright, open primary bath w/ huge walk in closet. Second floor addition provides an amazing additional living & entertainment area featuring a full bathroom, expansive wet bar w/ granite counters, huge covered balcony w/ outdoor fireplace & expansive, panoramic views! This beautifully maintained home is solid slump block construction. The rich saltillo tile in the entry and kitchen, and exposed wood beams in the living, dining and primary bedroom give the home a warm, inviting ambiance. The large den with built in cabinetry near the front of the home is an ideal home office or could easily be converted to an extra bedroom. Large laundry room with utility sink, plus a spacious two car garage providing ample storage space. Beautifully manicured desert landscaping on this nearly 1.5 acre lot adds to the wonderful curb appeal of this gorgeous home. Don't miss the opportunity to visit this beautiful property in person and take in the spectacular surroundings for yourself!

Full Property Details for 7131 N 40th St

General

  • Price: $2,950,000
  • Taxes: $7,673 (2024)
  • Status: Active
  • Type: Single Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6856303
  • Updated: 6/14/2025
  • Added to Site: 59 day(s) ago

Interior

  • Interior Features: High Speed Internet, Double Vanity, Master Downstairs, Wet Bar, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, Laminate Counters
  • Fireplace: Yes
  • Fireplace(s): 2 Fireplace, Exterior Fireplace, Living Room
  • Flooring: Carpet, Tile

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Pool: Yes
  • Pool Description: Private

Exterior

  • Exterior Features: Balcony, Storage, Built-in Barbecue

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Garage Door Opener, Direct Access

Location

  • County: Maricopa
  • Township: 2N
  • Subdivision: CLEARWATER HILLS 2 LOTS 197-198, 201-206
  • Cross Streets: Tatum and Lincoln

Community

  • Assoc. Fees Include: No Fees

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Programmable Thermostat
  • Heating Type: Electric

Utilities

  • Water: City Water

Structural Information

  • Architectural Style: Spanish,
  • Exterior Const.: Stucco, Wood Frame, Painted, Slump Block
  • Roof: Tile, Built-Up
  • Square Feet: 4,571
  • Sq. Ft. Source: Owner
  • Living Area: 4,571 Sq. Ft.
  • Year Built: 1970

Lot Features

  • Property View: City Light View(s), Mountain(s)
  • Lot Size (Acres): 1.44
  • Lot Size (Sq. Ft.): 62,611
  • Lot Size Source: Assessor
  • Lot Features: Sprinklers In Front, Desert Front, Cul-De-Sac, Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Frnt, Auto Timer H2O Front

Financial Considerations

  • Tax Amount: $7,673
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Ownership: Fee Simple
  • Legal Description: LOT 183 CLEARWATER HILLS 2 LOTS 197-198, 201-206 MCR 008425
  • Property ID: 169-13-050
  • Range: 4E
  • Section: 6
  • Lot Number: 183

Listed by Redfin Corporation

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Listing agent

— 7131 N 40th St —

  • Redfin Corporation

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7131 N 40th St

School District:Scottsdale Unified School District
RatingNameGradesDistance
9
Kiva Elementary School
6911 E McDonald Dr, Paradise Vly, AZ 85253
K-53.8 mi
6
Mohave Middle School
8490 E Jackrabbit Rd, Scottsdale, AZ 85250
6-85.9 mi
7
Saguaro High School
6250 N 82nd St, Scottsdale, AZ 85250
9-125.2 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7131 N 40th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/14/2025
Price Reduced
$2,950,000
-1.67%
MLS
5/21/2025
Price Reduced
$3,000,000
-1.96%
MLS
5/08/2025
Price Reduced
$3,060,000
-0.97%
MLS
4/24/2025
Listed
$3,090,000
303.92%
MLS
5/23/2000
Sold
$765,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7131 N 40th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,673
2%
$239,170
4%
2023
$7,559
5%
$230,020
31%
2022
$7,226
—
$175,660
31%
2022
$7,226
-6%
$133,930
11%
2021
$7,720
5%
$121,080
7%
2019
$7,381
-4%
$112,670
-11%
2020
$7,667
8%
$126,150
19%
2018
$7,085
4%
$105,730
-2%
2017
$6,783
2%
$107,970
10%
2016
$6,628
6%
$98,450
—
2015
$6,258
4%
$98,450
20%
2014
$6,018
-3%
$82,280
2%
2013
$6,212
—
$80,280
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Redfin Corporation

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7131 N 40th Street, Paradise Valley, AZ 85253 (MLS# 6856303) is a Single Family property with 2 bedrooms and 0 full bathrooms. 7131 N 40th Street is currently listed for $2,950,000 and was received on April 24, 2025. Want to learn more about 7131 N 40th Street? Do you have questions about finding other Single Family 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.

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