Calling all builders & developers **FULLY APPROVED ON JUNE 3, 2024 - PLANS FOR 4 LUXURY HOME SITES, READY TO BUILD IMMEDIATELY** Rare opportunity to purchase 4.5+ acres in a prime Scottsdale location near the Mayo Clinic, a few hundred feet from the highly coveted BASIS school, just 7 minutes from the 101, and minutes from some of the Valley's most prominent events, such as the WM Open and the Barrett Jackson car show. Surrounded by luxury properties, this newly-approved subdivision boasts no HOA and a gorgeous dedicated natural desert preserve, ensuring mountain views are never obstructed. This community also features an existing dedicated paved pedestrian pathway with direct access to the McDowell Sonoran Preserve and the endless hiking trails it has to offer. This development has everything your buyers are looking for! All entitlements and improvement plans have been approved. Don't miss this opportunity. Start building right away!
Property Details
Property Features
Listing Office:
Office Name: Compass
Office Phone: (480) 776-1555
Listing Agent: Michael J. D'Elena
Lot Features
Lot Information:
Lot Size: 4.59 Acres
Other
Directions Information:
Directions: Head south on 124th St. Make your first left onto Cochise. Lot is on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $1,995,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Scottsdale, AZ.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$10K
Per Month
Principal & Interest
$9,957
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$6,048
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Anasazi Elementary School
12121 N 124th St
Distance between this listing and this school1.11 miles
Public District Grades PK-5
10
/10
Basis Scottsdale Primary - East Campus
7214 E Jenan Dr
Distance between this listing and this school1.53 miles
Public Charter Grades KG-4
8
/10
Redfield Elementary School
9181 E Redfield Rd
Distance between this listing and this school4.79 miles
Public District Grades PK-5
Nearby Schools
9
/10
Mountainside Middle School
11256 N 128th St
Distance between this listing and this school0.67 miles
Public District Grades 6-8
9
/10
Desert Canyon Middle School
10203 E McDowell Mountain Ranch Rd
Distance between this listing and this school4.24 miles
Public District Grades 6-8
6
/10
Fountain Hills Middle School
15414 N McDowell Mountain Rd
Distance between this listing and this school6.22 miles
Public District Grades 4-8
Nearby Schools
9
/10
Basis Scottsdale
10400 N 128th St
Distance between this listing and this school0.31 miles
Public Charter Grades 4-12
9
/10
Desert Mountain High School
12575 E Via Linda
Distance between this listing and this school0.62 miles
Public District Grades 9-12
2
/10
Fountain Hills Online
16100 E Palisades Blvd
Distance between this listing and this school4.99 miles
The neighbors living near this home have an average income of $128,086. Typical income of Scottsdale, AZ residents is between $100k-200k annually. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 12481 E Cochise Drive -
What is the listing price of this property?
The listing price of 12481 E Cochise Drive - property is $1,995,000.
What type of property is this?
The property 12481 E Cochise Drive - is land located in Scottsdale, Arizona, 85259.
Is this property for sale now?
Accepting Backup Offers: 12481 E Cochise Drive - is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
How much acreage is this property?
The property 12481 E Cochise Drive - is 4.59 acres.
Interested in 12481 E Cochise Drive -? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 12481 E Cochise Drive - in Scottsdale, AZ and zip code 85259 in the East Shea neighborhood. This home sits on a 4.59 acre lot. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $1,995,000.
In October 2024 more than 25 listings in Scottsdale, AZ were sold above the asking price. During the same period more than 78 listings were sold at asking price, while more than 369 were sold below. The number of homes for sale in Scottsdale, AZ increased by 11.1% between September 2024 and October 2024. While the average time on the market in October 2024 was 74 days, the median list price was $850,350.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Skiing/snowboarding
Skiing/snowboarding
Tennis
Nordstrom
Brooks Brothers
Bloomingdales
California Pizza Kitchen
Qdoba
Bonefish Grill
BMW
Acura
Lexus
Talk/Personality
Sports
News