SCOTTSDALE, AZ 85262

Scottsdale Development Deal (85262) – 0.88-ACRE Flat LOT | GUARD-GATED Golf community | DESERT MOUNTAIN | Off Market

Suggested Starting price: $569,000

Buy now price: $599,000

ARV: $4,500,000

VACANT LOT - ACCESS BY APPOINTMENT ONLY - All buyers must sign a simple "Non-Circumvent" agreement prior to walkthrough

CALL & TEXT OUR DISPO TEAM TO SUBMIT AN OFFER OR WALKTHROUGH:DISPO TEAM: (760) 971-5566

Photos: https://drive.google.com/drive/folders/1dvT2xIdpmFU30pkH7nUikVqcQn2fcFwz?usp=sharing

A 4,000 - 4,500 sq ft single-level home is the best fit for this 0.88-acre Desert Mountain lot. With the lot purchased at about $625,000, built at about $450/sq ft and sold for $4,000,000$4,500,000, a builder can expect roughly $1,124,000$1,358,000 in profit

LOT SUMMARY

• Subdivision: Desert Mountain Phase 1 Unit 1, Lots 1–205, Tract A (MCR 293-41)
• Lot Size: 0.88 Acres (About 38,300 Sq Ft)
• Community: Guard-gated Desert Mountain; not on the golf course
• HOA: $267/Month
• Utilities: Electric at the lot; City of Scottsdale water and sewer (no well or
• septic)
• Zoning: R1-35 is shown for other Phase 1 Unit 1 lots (9596 E Rising Sun
• Dr); likely with Scottsdale's Environmentally Sensitive Lands overlay — confirm
• Golf Membership: None conveys with the lot; membership is optional and by club application

City water and sewer save a buyer roughly $40,000–$60,000 compared with a well and septic system. Confirm the water and sewer tap fees with the City of Scottsdale.

SETBACKS AND BUILDING RULES

The city's R1-35 setbacks leave room for a large single-level home; Desert Mountain's building envelope for this lot will be the real limit.

• Front Setback
  • Standard: 30 ft
  • Source / Note: City R1-35 summary (PropertyZoned); confirm in Scottsdale Zoning Ordinance Sec. 5.204.
• Side Setbacks
  • Standard: 15 ft each side
  • Source / Note: Same source.
• Rear Setback
  • Standard: 30 ft
  • Source / Note: Same source.
• Maximum Lot Coverage
  • Standard: 25%, about 9,580 sq ft under roof
  • Source / Note: PropertyZoned R1-35.
• Maximum Height
  • Standard: 30 ft / 2 stories under R1-35
  • Source / Note: The ESL overlay commonly sets a lower limit (often 24 ft); confirm.
• Building Envelope
  • Standard: All structures, pool and disturbed area must sit inside the lot's envelope.
  • Source / Note: Desert Mountain design guidelines; get the lot's envelope exhibit.
• Natural Area Open Space (NAOS)
  • Standard: Part of the lot stays undisturbed desert.
  • Source / Note: Scottsdale ESL rule; may already be dedicated at plat — confirm.
• Design Review
  • Standard: Plans need Desert Mountain Design Review approval.
  • Source / Note: Expect rules on home size, materials, colors, roof and lighting.

CALL & TEXT OUR DISPO TEAM TO SUBMIT AN OFFER OR WALKTHROUGH:DISPO TEAM: (760) 971-5566

WHAT HOMES SELL FOR

Older Phase 1 homes on Rising Sun Dr sell for about $490–$730/sq ft; new custom homes in Desert Mountain list or sell for $825–$1,075/sq ft.

• 9670 E Rising Sun Dr
  • Year Built: 1995
  • Building Size: 3,867 sq ft
  • Price: $2,765,000
  • Price per Sq Ft: $715
  • Status: Sold March 2026
• 9422 E Rising Sun Dr #42
  • Year Built: 2012
  • Building Size: 3,776 sq ft
  • Price: $2,760,000
  • Price per Sq Ft: $731
  • Status: Sold November 2025
  • Source / Note: Golf course property; membership available.
• 9504 E Rising Sun Dr
  • Year Built: Not provided
  • Building Size: 3,850 sq ft
  • Price: $2,450,000
  • Price per Sq Ft: $636
  • Status: Sold July 2024
• 9533 E Rising Sun Dr
  • Year Built: 2006
  • Building Size: 5,169 sq ft
  • Price: $2,550,000
  • Price per Sq Ft: $493
  • Status: Sold
• 9696 E Rising Sun Dr (Phase 1, Unit 1)
  • Year Built: Not provided
  • Building Size: 6,087 sq ft
  • Price: $3,950,000
  • Price per Sq Ft: $649
  • Status: Sold
• 10383 E Rising Sun Dr (Phase 1, Unit 3)
  • Year Built: Newer
  • Building Size: 5,814 sq ft
  • Price: $6,250,000
  • Price per Sq Ft: $1,075
  • Status: Sold April 2025
  • Source / Note: Architect-designed custom home.
• 10354 E Celestial Dr (Phase 1, Unit 3)
  • Year Built: 2024
  • Building Size: 4,609 sq ft
  • Price: $4,175,000
  • Price per Sq Ft: $906
  • Status: Listed (Reduced from $4,495,000)
• 9775 E Hidden Valley Rd
  • Year Built: New
  • Building Size: 4,600 sq ft
  • Price: $3,799,000
  • Price per Sq Ft: $826
  • Status: Listed

Older resale homes on Rising Sun Dr trade at about $715–$730/sq ft near 3,800 sq ft and $650 near 6,000 sq ft. New custom construction sits well above that: the architect custom at 10383 E Rising Sun Dr sold for $1,075/sq ft in 2025. A new 4,000–4,500 sq ft home selling for $4,000,000–$4,500,000 works out to about $1,000/sq ft, near the top of the new-construction range.

HOME SIZE VS. PROFIT

Buying the lot at $625,000 and building at $450/sq ft, a 4,000–4,500 sq ft home that sells for $4,000,000–$4,500,000 earns about $1,124,000–$1,358,000; at $500/sq ft, profit is about $910,000–$1,118,000.

Estimated builder profit                                                                                        

After land, build, soft costs, carry and 5% commission

• Scenario 1: 4,000 Sq Ft Home
  • Projected Sale Price: $4,000,000
  • Build at $450/Sq Ft: $1,120,000 Estimated Profit
  • Build at $500/Sq Ft: $910,000 Estimated Profit
• Scenario 2: 4,500 Sq Ft Home
  • Projected Sale Price: $4,500,000
  • Build at $450/Sq Ft: $1,360,000 Estimated Profit
  • Build at $500/Sq Ft: $1,120,000 Estimated Profit

Assumptions: land purchased at $625,000; soft costs of $125,000 (design, Desert Mountain review, permits, city water and sewer taps); carrying costs at 7% of build; 5% sales commission; finished sale price (ARV) of $4,000,000 for a 4,000 sq ft home and $4,500,000 for a 4,500 sq ft home.

At $450/Sq. Ft. Build

4,000 Sq. Ft. Home

• Expected sale price (ARV): $4,000,000
• Land: $625,000
• Soft costs: $125,000
• Build cost: $1,800,000
• Carrying costs (7% of build): $126,000
• Sales commission (5%): $200,000
• Total cost: $2,876,000
• Estimated profit: $1,124,000

4,500 Sq. Ft. Home

• Expected sale price (ARV): $4,500,000
• Land: $625,000
• Soft costs: $125,000
• Build cost: $2,025,000
• Carrying costs (7% of build): $141,750
• Sales commission (5%): $225,000
• Total cost: $3,141,750
• Estimated profit: $1,358,250

Estimated Profit at $500/Sq. Ft. Build

• 4,000 sq. ft. home: $910,000
• 4,500 sq. ft. home: $1,117,500

Every $50/sq ft of build cost moves profit on a 4,500 sq ft home by about $240,000, so the real cost to build to Desert Mountain standards, along with reaching a 4,000,000–4,500,000 sale price, decides how well this lot works.

GOLF MEMBERSHIP AND ITEMS TO VERIFY

No club membership comes with this lot. Desert Mountain Club membership is optional, requires board approval of an application, and property owners get priority on the waitlist (Desert Mountain Club). Membership Sales: 480-595-4110.

• Lot's building envelope exhibit and NAOS from Desert Mountain / the HOA (CCMC, 480-921-7500)
• Desert Mountain design guidelines: minimum home size, height, materials, review fees
• Zoning and setbacks confirmed with City of Scottsdale (R1-35 with ESL overlay)
• City water and sewer tap fees and service locations
• Topography and views (slope affects foundation cost and home layout)
• HOA transfer fees and any capital contribution at closing

NEIGHBORHOOD HIGHLIGHTS:

• Located in Desert Mountain near Pima Freeway
• ~ 40 min drive to Downtown Scottsdale
• 1 hr drive to Downtown Phoenix
• Near to parks, shopping, and restaurants
• Nearby schools rated 10/10 and 8/10

DEAL TERMS:

• Closing Date: 20 days or sooner
• Earnest Money Deposit (EMD):
  • $15,000 due with contract (applied to closing cost)
  • EMD is non-refundable with an exception of failure to provide a clear title or seller's failure to perform
  • We are not in the business of keeping buyers’ EMD, but our name and trust is on the line with the seller. We only want a solid commitment and smooth closing.
• Buyer pays both sides closing costs 
• This deal is an assignment of contract. Our assignment contracts are not assignable. Please let us know upfront if you are not the direct buyer, and we can work out the contracts together! Willing to JV with other wholesalers and realtors!
• Buyer must do all due diligence prior to assignment - prefer non-contingent
• Cash or Private/Hard Money Loans ONLY - No FHA or Conventional Financing
• We do not work with Fair Trade, Key Glee, or New Western 

LET'S CLOSE:

We’re looking to build relationships with serious buyers and we prioritize those ready to move fast and close clean. We are easy and flexible to work with, and will do whatever it takes to get the deal done! Please do not hesitate to reach out to discuss how we can make money together.

CALL & TEXT OUR DISPO TEAM TO SUBMIT AN OFFER OR WALKTHROUGH:DISPO TEAM: (760) 971-5566