2 years on rocket

16465 E Peak Ln ' ', Unit Picacho, AZ, 85141

$1,950,000

74.50 Acres
Land

Location

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Property Highlights

Home TypeOther
MLS #6480670
Lot Size74.50 Acres
StatusActive

About 16465 E Peak Ln ' '

Welcome to a rare investment opportunity! Nestled at the foothills of Picacho Peak Park, this expansive 74.5-acre parcel is part of a larger 196-acre tract, offering a once-in-a-lifetime chance to turn your vision into reality. Seize the opportunity to build a premier hotel resort, RV park, or manufactured home park or data center in the coveted OPPORTUNITY ZONE. Boasting an impressive 720 feet of highway frontage, this strategic landmark provides unparalleled visibility. Additionally, a second egress to the highway exit enhances accessibility and convenience for potential patrons. The location is not only prime but strategically positioned for success. Situated between the vibrant city of Tucson and the ever-growing Casa Grande, this property offers a unique advantage with a short commute to both bustling urban centers. With a staggering 55,000 daily traffic count on the adjacent highway, your investment is poised to capture the attention of a vast audience. Whether you envision a luxurious hotel resort capitalizing on the scenic beauty of Picacho Peak Park or a dynamic RV park/MHP development catering to the travel and housing needs of the region, this property is a canvas for your entrepreneurial dreams. The thriving traffic flow ensures a constant influx of potential customers, making this location an ideal choice for a wide range of ventures. Don't miss out on this extraordinary opportunity to shape the landscape of the future. Invest in the potential of 74.5 acres at the foothills of Picacho Peak Park, and turn your vision into a lucrative reality in the heart of the Southwest. The possibilities are as vast as the Arizona sky - seize them today!

Property Details

Property Features

Listing Office:

  • Office Name: RE/MAX Fine Properties
  • Office Email: gremmers@fineprop.com
  • Listing Agent: Bryce Perez

Lot Features

Lot Information:

  • Lot: Adjacent to Wash
  • Lot Size: 74.50 Acres

Other

Directions Information:

  • Directions: Frontage

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000
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Housing Market Comparison

See how this home compares to others in Eloy, AZ.

Med. Sold Price

$311K

Med. Price/SqFt

$200

Avg. Days On Market

89

# of Sold Homes

13

16465 E Peak Ln ' ' vs Eloy

749 DAYS ON ROCKET

+660 Days

$1,950,000

+$1.6M More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price in Eloy, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6480670

Listing Office:

  • Office Name: RE/MAX Fine Properties
  • Office Email: gremmers@fineprop.com
  • Listing Agent: Bryce Perez

IDX 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$9,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

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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.

Nearby Schools

school-card-donut-344780
1
/10
  • Eloy Intermediate School

  • 1101 N Sunshine Blvd

  • 0.09 miles

  • Public District Grades 3-5

school-card-donut-344781
2
/10
  • Mesquite Elementary School

  • 129 N Arizola Rd

  • 12.51 miles

  • Public District Grades KG-5

school-card-donut-344782
3
/10
  • Palo Verde Elementary School

  • 40 N Roosevelt Ave

  • 13.69 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,667. Residents of Eloy, AZ typically earn between $35k-100k each year. Most families are single, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16465 E Peak Ln ' '

What is the listing price of this property?

The listing price of 16465 E Peak Ln ' ' property is $1,950,000.

What type of property is this?

The property 16465 E Peak Ln ' ' is land located in Unit Picacho, Arizona, 85141.

Is this property for sale now?

Active Listing: 16465 E Peak Ln ' ' is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 16465 E Peak Ln ' ' is 74.50 acres.
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Rocket Homes›Arizona›Pinal County›Eloy›85141›16465 E Peak Ln ' '

This home is located at 16465 E Peak Ln ' ' in Unit Picacho, AZ and zip code 85141. This home sits on a 74.50 acre lot. It has been listed on Rocket Homes since October 28, 2022 and is currently priced at $1,950,000.

In October 2024, from all listings sold in Eloy, AZ there were more than 0 sold above asking price, over 10 sold below and more than 3 were sold right at the asked price. The number of listings in Eloy, AZ increased by 30.6% between September 2024 and October 2024. Listings spent 89 days on the market in October 2024, and had a median list price of $311,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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