50 Tranquil Ave, Sedona, Arizona, United States | Residential Land For Sale at GLOBAL LISTINGS

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Residential Land For Sale

$8,189,280

50 Tranquil Ave
Sedona, Arizona, United States

Listed By: Realtyww Info

Listed On: 08/12/2024

Listing ID: GL11635839 View More Details

Description

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 designated as 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.

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Listed by: Rob Pam Schabatka, Owner