Luxury Flip Opportunity - Paradise Valley, AZ

This 5,365 sq. ft. home is unique, impressive and maintained. It is not a teardown. We purchased this home and have been living in it since January 2019. This is a wholesale opportunity, FSBO (for sale by owner), is not on MLS, and the home recently appraised for $1,775,000. Home values within walking distance of this home are between $1.7 and $12 million. We are asking $1.6 million + buyer pays all closing costs.

**Owner Occupied - Appointments Only - Text or Email Please**

This custom brick home was originally built by and for the Phoenix Suns’ legendary Tom Van Arsdale. Set back from the road, and up a winding driveway, this spectacular, bright, private, and airy Paradise Valley home sits on a nearly 2-acre well-kept mountain lot. The home enjoys views of the Phoenix Mountain Preserve and offers mature and lush landscaping (with smart-irrigation), multiple patios, bbq area, a gorgeous pool, and a hot tub. Currently, the home has a spacious 2-car attached garage (with the ability to add 2-3 more attached), plus additional spaces for 3 cars. The home has a warm and inviting contemporary romantic-Mediterranean vibe featuring 5 bedrooms, 4 full and 2 half bathrooms. The kitchen features luxury and well-maintained Dacor appliances. The magnificent great room, surrounded by 8’ tall windows, features 15’ high exposed-beam ceilings, and the room’s centerpiece; a towering river-stone chimney with a double-sided wood-burning fireplace (48” wide by 36” tall) with gas-starter.

- The Master features a gorgeous exposed-beam ceiling, a gas fireplace, and a full bath with a large shower surrounded by floor to ceiling windows and expansive Mummy Mountain views, providing an almost outdoor shower experience. A door, deck, and even a hot tub could easily be added (to make it a true outdoor shower and spa experience).
- Bedrooms two and three share a full Jack and Jill bathroom and all have Mummy Mountain views.
- The fourth (and very spacious) bedroom has a full bathroom, expansive views, and a large nook/storage area (with wet-bar sink). This bedroom could also be used as an office, gym/spa, man-cave, game room, or larger guest quarters. It could easily be modified to have a kitchenette and/or feature 2 bedrooms.
- The fifth bedroom (with a full bathroom) is perfect for a live-in nanny or guest room. Or, this room could be used as an office also.

- This sprawling split-level but open home can quickly and easily be modified into a 5/5.5, or even a 6/6.5. Or, change it toa 4/4.5 with a double-sized master. Plus, zoning allows for the building of a detached guest house.

**Excellent opportunity for an Investor/Developer**
This luxury brick home is not a teardown and features incredibly good and solid bones. An experienced Investor/Developer can easily modify/improve this estate into a quick flip, with lots of upside potential. With a little work and small investment, this home could yield $2.5 to $3 million. Short-Terms Owner Carry Financing (at a rate less than the standard hard-money loan) is available for the right buyer (with $300k down). The home recently appraised for $1,775,000 and home values within walking distance of this home are between $1.7 and $12 million. We are asking only $1.6 + buyer pays all closing costs. We are also open to partnering with the right Investor/Developer.

**Perfect for a Buyer/Family who is looking for a Steal!**
The home “had” some light deferred maintenance when we moved in, but all have been repaired and upgraded, making this home absolutely turn-key and move-in ready. This home is comfortable, clean, and is filled with warmth and charm. The home is smart, with its alarm, lighting, select door locks, and the garage door controllable by one smartphone app. Located within the Chaparral Learning Community, which are three outstanding schools often referred to as the 3 C's Schools of Paradise Valley (in the Scottsdale Unified School District). From the home, it’s only a 3-minute neighborhood drive to Cherokee Elementry, a 9-minute neighborhood drive to Cocopah Middle School, an 11-minute neighborhood drive to Phoenix Country Day School, and a 10-minute neighborhood drive to Chaparral High School. Short-Term Owner Carry Financing is available for the right buyer (with $300k down). The home recently appraised for $1,775,000 and home values within walking distance of this home are between $1.7 and $12 million. We are asking $1.6 + buyer pays all closing costs. We (the Seller) are willing to pay a Buyer Agent commission if the buyer has Agent representation.

More photos available on Instagram: https://www.instagram.com/n54thstreetpvaz

Location:

8031 N 54th Street, Paradise Valley, AZ 85253