$12,500,000
Phoenix, AZ 85085
MLS# 6968500
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Property Description
Prime 17.9-acre parcel featuring approximately 616 feet of frontage along Carefree Highway. APS power is available to the property. A rare and significant asset includes three water sources: a 1'' city meter, a newly drilled well capable of producing up to 20 GPM (metered to 12 GPM), and an existing well producing approximately 3-5 GPM. Notably, the City of Cave Creek has not issued new water meters since December 2021. Currently zoned R-43, with the seller actively working with the county toward rezoning to C-2 zoning. Seller plans to invest over $1,000,000 in landscaping and drainage improvements. Survey completed, with traffic count study and topographic map underway. NOTE: Parcels 211-74-011, 211-74-012-F, & 211-74-015) are to be sold as a single transaction.
Details
Maps
Documents
Contract Information
Current Price: $12,500,000
List Price: $12,500,000
Status: Active
List Date: 2026-01-12
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
House Number: 34406
Compass: N
Street Name: 12TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85085
Zip4: 9200
County Code: Maricopa
Assessor Number: 211-74-012-F
Subdivision: Carefree Hwy
Tax Year: 2025
General Property Description
Apx Total Acres: 4.7
Apx Total Acres G/N: G
Price Per Acre: 2659574.47
Apx SqFt: 204732
Price Per SqFt: 61.06
Apx SqFt G/N: G
Lot Size Dimensions: 616 x 2,258
Horses: Y
Zoning: R-43
Flood Zone: TBD
Elementary School District: Deer Valley Unified District
High School District: Deer Valley Unified District
Elementary School: Desert Mountain School
Jr. High School: Desert Mountain School
High School: Deer Valley High School
Remarks Misc
Cross Street: 12th Street & Carefree Hwy
Directions: Located at the southeast corner of 12 St and Deer Valley Highway.
Geo Lat: 33.797724
Geo Lon: -112.057839
Legal Info
Township: 5N
Range: 3E
Section: 9
Distance To Street
Distance To Street Comments: Adjacent to carefree highway
Showing Notification Methods
Showing Service: No Showing Service Used
Contact Info
List Agent Home Phn: 480-215-1881
Property Features
Special Listing Cond: N/A
Existing Land Use: Commercial Lot; Other (See Rmks)
Zoned Presently: Other (See Rmks)
Potential Use: Single Family; Commercial
Parcel Size: 10.00 - 19.99 Acres
Proposed Density: Other (See Rmks)
Development Status: Raw Land; Other
View: Other
Elevation: 2,001 - 3,000 Ft
Vegetation: Natural Vegetation
Land Configuration: Square Rectangular
Road Access Type: City Street
Road Surface Type: Gravel
Traffic Count: Not Available
Topography: Level
Existing Structures: Garage(s); Residence
Water Source: City Franchise; Private; Domestic Well
Irrigation: None
Sewer: Septic Tank; Other
Electric: APS
Gas: None
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: None
Distance to Sewer: Call Listing Office
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Horse Features: Other
Showing Notification Methods: Text; Phone Call
Lockbox Type: See Private Remarks
Fencing: Pipe
Lot map and dimensions 
Listing Office: Coldwell Banker Realty
Last Updated: January - 15 - 2026
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