SOLD! North Scottsdale Subdivision Sells for 829% Profit

SCOTTSDALE – My Home Group – Carl Cunningham is proud to announce the sale of a 13-acre subdivision comprised of 11 unfinished custom home lots located on the southwest corner of Pima Road and Stagecoach Pass in Scottsdale Feb 23rd, 2018 for $2,145,000 ($165,000/ac).  8681 E Stagecoach Pass, Scottsdale, AZ 85266.
Ideally located within proximity to The Boulders Resort, Whisper Rock, Desert Mountain and a plethora of other world-class golf resorts, Bellezza da Stallone subdivision yields itself to 360-degree views from Desert Mountain to the north to Pinnacle Peak in the south and is one of the few larger parcels remaining in the area.
Carl Cunningham/Associate Broker, My Home Group, represented the Seller in this transaction. “I worked with the Seller to acquire the already existing subdivision in 2010 for $259,000 ($20,000/ac) and sold it for $2,145,000 for a 829% profit in only eight years proving the old quote “Don’t wait to buy real estate. Buy real estate and wait.” is true. This was an extremely successful result and I am very happy for my client.
Seller: H&M Enterprises, Inc. represented by My Home Group/Carl Cunningham Associate Broker.
Buyer: T.S.G Publishing Foundation represented by Coldwell Banker/Mary Kuhr.

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