5+ acres 7 Parcels Mormon Hill Rd -- #6,13-17 &CF lot, Sedona, AZ 86336
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5+ acres 7 Parcels Mormon Hill Rd -- #6,13-17 &CF lot,Sedona, AZ 86336
$6,495,000
- 7 Acres
- Lots / Land
- Active
Listed by: paul galloway
Office: galloway realty, l.l.c.
MLS#:6944435
Source:ARMLS
Price summary
- Price:$6,495,000
- Monthly HOA dues:$300
About this home
Turnkey, shovel-ready to build Heart of Sedona residence club project. 7 platted, separately parceled lots. 6 approximately half-acre short-term rental luxury home residence club community lots PLUS rare adjoining 1.7 acre commercial lot, the only undeveloped commercial lot in new town square across from new town square park and historic ranger station Cf zoned for clubhouse, med-spa, wedding, corporate facility, assisted living, etc.(see document tab chart of allowable uses). The 6 best lots in Sky Ridge Estates, with road and all underground utilities, are estimated to be completed in mid-2026. Located in the HEART OF SEDONA, WALK TO NEW TOWN SQUARE FINE DINING & SHOPPING AND OAK CREEK. RIDGE TOP QUIET PANORAMIC VIEW LOTS. 1.7-acre commercial lot is the only undeveloped lot in the New Town Square. Basically, 7.9 million retail (under the current market value for 6.5 million (difference of tax liability, seller can 1031 and avoid 1.4 mm in tax). Improved entitled, ready to build lots, all zoning in place, PLUS EXCLUSIVE BUILDER RIGHTS TO BUILD ALL 20 STRUCTURES (10 MILLION + IN BUILD REVENUE ALONE), plus EXCLUSIVE STR RENTAL RIGHTS /residual management fee income. Seller is a high-end custom home builder, broker, and developer, and can build out for you and manage rentals.
Rental Comps:
.5 mile away, Ambiente, La Auberge, and Enchantment resorts; first two with road noise below the highway, renting for 2200+ per night (for 550 s ft) with 75% occupancy. Sky Ridge will be quieter, with much better views and location, and much higher-end homes, 2500-4500 s ft 3/3 AND 5/6 BED BATH, fetching MUCH more. This is a one-of-a-kind project. Seller will begin construction in mid-2026 if it doesn't sell. The seller has many projects and is looking to consolidate and semi-retire. Several other large land listings of similar size in the area are for sale, but will take years to get approvals/permits/utilities, are raw, unimproved(took 10 years to get Sky Ridge done), and millions in improvements.
The recent Residence club sold/closed Comps.
1.)60 Indian Head Lane (Enchantment residence club comp), .54 acre lot sold and closed in 11/2023, sold for 1,250,000.
2.)2.)75 PASEO DEL INEZ 7 sold for 1,350,000, closed on 1/13/26
3.)170 HIDDEN MEADOW DR 7, closed 7/8/2024 for 3,100,000
Contact an agent
Home facts
- Listing ID #:6944435
- Updated:February 18, 2026 at 05:45 PM
Structure and exterior
- Lot area:7 Acres
Finances and disclosures
- Price:$6,495,000
- Tax amount:$20,000 (2024)
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