2601 E PARADISE Lane 18, Phoenix, AZ 85032

New Listing

$499,000

Property Type: Land Lot Size (sq. ft.): 35,480 Status: Active

Current Price: $499,000 List Date: 10/19/2026 Last Modified: 10/19/2026

Overview

Description

Situated on an expansive 35,480-square-foot (approximately 0.81-acre) lot in an evolving North Phoenix neighborhood, this R-3 zoned property presents a compelling opportunity for investors, developers, and visionaries looking to capitalize on the area's continued revitalization and long-term growth potential. Previously operating as a six-unit residential compound with multiple income-producing residences, the property offers a unique opportunity to reimagine its next chapter. The site has sustained significant fire damage, with only one of the original buildings remaining standing, creating an opportunity to explore redevelopment, reconstruction, or an entirely new residential investment concept.

Supplements: With its generous lot size, established residential surroundings, and convenient proximity to major transportation corridors, shopping, dining, and employment centers, the property offers an attractive foundation for a potential income-producing development. Whether envisioning multifamily housing, a thoughtfully designed residential compound, or a ... (Read more)

Listing Details MLS# 7095969

Location, Tax & Legal

House Number: 2601
Compass: E
Street Name: PARADISE
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Country: US
County Code: Maricopa
Assessor Number: 214-40-022-D
Subdivision: KAY ACRES
Tax Year: 2025
Lot #: 18
Assessor's Map #: 40
Legal Description (Abbrev): LOT 18 KAY ACRES MCR 003328
Assessor's Parcel #: 22
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 2098

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 0.81
Apx Total Acres G/N: N
Price Per Acre: 616049.38
Apx SqFt: 35480
Price Per SqFt: 14.06
Apx SqFt G/N: N
Lot Size Dimensions: 0.815 acres
Horses: N
Zoning: R-3
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Elementary School: Whispering Wind Academy
Jr. High School: Explorer Middle School
High School: Paradise Valley High School

Remarks Misc

Cross Street: Cave Creek & Bell
Directions: Cave Creek Rd north of Greenway to Paradise.

Legal Info

Township: 3N
Range: 3E
Section: 2
Lot Number: 18

Showing Notification Methods

Showing Service: Aligned Showings

More Information

Special Listing Cond

N/A: Yes

Pmt & Rate Info

Equity: 499000
Total Owed: 0

Assoc/Prop Info

HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0

Lockbox Type

None: Yes

Existing Land Use

Residential Lot: Yes

Zoned Presently

Multi-Family: Yes

Parcel Size

.50 - .99 Acres: Yes

Fencing

Block: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Electric

APS: Yes

Gas

Other (See Rmks): Yes

Distance to Cable

On Property: Yes

New Financing

Cash: Yes

Distance to Phone

On Property: Yes

Distance to Water

On Property: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

On Property: Yes

Distance to Gas

On Property: Yes

Distance to Sewer

On Property: Yes

Reports/Disclosures

Other (See Rmks): Yes

Environmental

Other (See Rmks): Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Multi-Family Parcel Size: .50 - .99 Acres Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: Other (See Rmks) Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property Existing 1st Loan: Treat as Free&Clear New Financing: Cash Environmental: Other (See Rmks) Lockbox Type: None Fencing: Block

Documents

SPDS & CLUE Waiver ›

Listing Office: Keller Williams Realty Sonoran Living

Office Phone: 480-948-3338

Office Email: jeffmurray@kw.com

Last Updated: October - 19 - 2026