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50 Tranquil Ave

9.8 Acres of Residential Land Offered at $8,500,000 in Sedona, AZ 86336

Investment Highlights

  • Prime Sedona Development Opportunity
  • Rare undeveloped parcel spans 9.4 Acres
  • Potential Multi-Family Acreage within West Sedona

Executive Summary

Prime Sedona Development Opportunity! Introducing an extraordinary investment opportunity in the Heart of West Sedona! Where the mantra ''Location, Location, Location!'' truly comes to life. Please respect the owner's privacy and only enter the property when accompanied by the Listing Agent. This rare parcel spans an impressive 9.4 acres and stands as one of the last remaining undeveloped, potential multi-family acreage within West Sedona. The land's gentle slope complements architectural ambitions, promising to showcase the striking views of iconic RED ROCK formations in all directions. Existing zoning RMH (Residential Mobile Homes) presents a canvas of possibilities, with single-family 10,000 sq. ft. minimum lots. However, the allure of this property lies in its alignment with Sedona's Community Plan, where it is designatedas a potential "Planned Area." Here, the canvas awaits your creative touch, offering the opportunity for re-zoning to multi-family, without the need for a Community Plan Amendment (The City of Sedona has previously discussed a willingness to "Fast Track" the approval of required zoning changes to multi-family). Envision the southern portion as a realm of high-density development, fostering inclusivity with a range of housing options, including affordable residences. To the north, the topography suggests lower-density living, with prospects ranging from luxurious condos, patio homes and townhomes, to single-family dwellings along the border of the adjacent neighborhoods. Essential utilities, including sewer connections, are readily available, ensuring that this development is unencumbered by potential logistical constraints. Beyond the land's development potential, an inviting hidden jewel awaits your discovery - a charming home, constructed in 1948 by renowned Madole. This home will be a great addition to this project (a potential clubhouse or similar) as your vision comes to fruition. The true value of this property lies not just in its present state, but in the boundless potential. Welcome to the future of West Sedona.

Property Facts

Price $8,500,000
Sale Type Investment or Owner User
Sale Conditions
Build to Suit
  • Bulk/Portfolio Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 9.80 AC

1 Lot Available

Lot

Price $8,500,000
Price Per AC $867,347
Lot Size 9.80 AC

Parcel # 408-24-087 & Parcel # 408-24-089

zoning

Zoning Code RMH (Existing zoning RMH Residential Mobile Homes Last remaining undeveloped, potential multi-family acreage within West Sedona.)
RMH (Existing zoning RMH Residential Mobile Homes Last remaining undeveloped, potential multi-family acreage within West Sedona.)
  • Listing ID: 29510710

  • Date on Market: 9/13/2023

  • Last Updated:

  • Address: 50 Tranquil Ave, Sedona, AZ 86336

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