7 + acres 8 Parcels Mormon Hill Rd -- #7,13-17,19&CF lot, Sedona, AZ 86336
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
7 + acres 8 Parcels Mormon Hill Rd -- #7,13-17,19&CF lot,Sedona, AZ 86336
$7,995,000
- 7 Acres
- Lots / Land
- Active
Listed by: paul galloway
Office: galloway realty, l.l.c.
MLS#:6944435
Source:ARMLS
Price summary
- Price:$7,995,000
- Monthly HOA dues:$300
About this home
Builders & Developers! Turnkey, shovel-ready to build Heart of Sedona residence club project. 20 total(8 included in listing) platted, separately parceled lots( EXCLUSIVE BUILDER AND PROPERTY MANAGER RIGHTS ON ALL 19 LOTS AND CF 1.7 AC CCRC PARCEL-potential 90+ units assisted living. 7 approximately half-acre+ short-term rental luxury wellness 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, assisted living(80-100 units), wedding, corporate facility, etc.(see document tab chart of allowable uses). The 7 best lots in Sky Ridge Estates, with road and all underground utilities, are estimated to be completed in late 202 Located in the HEART OF SEDONA, WALK TO NEW TOWN SQUARE FINE DINING & SHOPPING AND OAK CREEK. RIDGE TOP QUIET PANORAMIC VIEW LOTS.
The residence club is like a resort, but instead of renting a room, one has an entire home with resort amenities. The 1.7-acre CF-zoned commercial lot is the only undeveloped lot in the New Town Square/CCRC continuing care retirement community, with possibly 90 units. 10 years in the making, improved, entitled, ready to build lots, all zoning in place, PLUS EXCLUSIVE BUILDER RIGHTS TO BUILD ALL 20 custom homes for existing lot owners, plus EXCLUSIVE SHORT-TERM RENTAL/ MANAGEMENT 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:
1.).5 mile away, Ambiente, La Auberge, and 10 minutes away Enchantment resort; first two with road noise below the highway, renting for up to 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 late 2026. 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 10 years to get approvals/permits/utilities, are raw, unimproved(took 10 years to get Sky Ridge done), and millions in improvements with costs sky rocketing.
Most recently sold lot comp lots in residence clubs);
1.)60 Indian head lane .54 acre lot 1/15/2024 sold for 1,250,000.
2.)170 HIDDEN MEADOW DR 7, 1.3-acre lot 3/26/2025 sold for 3,100,000
3.)75 PASEO DEL INEZ 7; 81-acre lot 1/13/2026 sold for 1,350,000.
This is by far the best location/use /income property land in Sedona, with a ton of profit built in, and it took 9 years to get it to this point. The seller is ready to retire, but will move forward to develop if it doesn't sell, but will build to suit for the buyer as w
*gates and assisted living not approved, but within allowable uses within zoning as of 1/1/2026, projects within zoning and building code can go straight to application for permit, skipping the years-long brain damage, deal fatigue of fighting city counsel and Planning and zoning.
The last of the large land parcels can take 5-10 years to be ready for construction. This project took 9 years!...
Contact an agent
Home facts
- Subdivision & Development:Sky Ridge Estates
- Listing ID #:6944435
- Updated:July 31, 2026 at 02:56 PM
Structure and exterior
- Lot area:7 Acres
- Lot Features:Cul-De-Sac, Gated Community
Finances and disclosures
- Price:$7,995,000
- Tax amount:$15,000 (2025)
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.New listings near 7 + acres 8 Parcels Mormon Hill Rd -- #7,13-17,19&CF lot
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