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Luxury New Build Opportunity on 1.74 Acres: 12959 N 130th Way, Scottsdale, AZ 85259

• 5,500 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Year Built 2025
Approx.SqFt. 5500
Lot size SqFt. 75760
Garage Attached Garage

Description

🏡 12959 N 130th Way, Scottsdale, AZ 85259

Off-Market Luxury Lot | Gated Scottsdale Mountain | New Build Opportunity

📍 Property Overview

Lot Size: 1.74 acres (≈75,760 sq ft)
Build Envelope: ~17,180 sq ft
Zoning: R1-18 ESL (Hillside Development)
Community: Scottsdale Mountain (guard-gated)
Views: Panoramic city lights & Camelback Mountain
Lot Status: Raw land – utilities at street
Lot Price: $725,000

🧱 Build Strategy

Target Build: 5,000–5,500 sq ft luxury custom spec home
Construction Cost: $250/sq ft
Build Range:
Low End (5,000 sq ft): $1,250,000
High End (5,500 sq ft): $1,375,000

Total Project Cost Estimate

Category Low (5,000 sf) High (5,500 sf)

Lot Purchase $725,000 $725,000

Hard Construction $1,250,000 $1,375,000

Soft Costs & Permits $150,000 $165,000

Contingency (10%) $140,000 $155,000

Total Cost $2,265,000 $2,420,000

📈 Projected Exit – ARV & Returns

Metric Low Build High Build

Estimated ARV $3,750,000 $4,400,000

Projected Profit $1,485,000 $1,980,000

Gross ROI 65.6% 65.2%

🏠 New Build Comps (Past 12 Months)

12347 E Gold Dust Ave $3,795,000 $730/ft

10535 E Paradise Dr $5,000,000 $809/ft

12140 N 106th St $4,997,000 $824/ft

✔️ All new construction, premium finishes, large lots

✔️ Supports $800+ per sq ft exit pricing

Estimated Spread

ARV $4,400,000
Price $725,000
Spread $3,675,000

Brett Benning

Disposition Manager

Phone (480) 717-1310

Email brett@reinetwork.net

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