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19226 N Cave Creek Rd - Rare Multi-Fam Opp 12 Fully Engineered Lots! 1.19 Acres of Commercial Land Offered at $1,095,000 in Phoenix, AZ 85024
Executive Summary
The Preserve at Cave Creek is nestled in the scenic Northeastern corridor of Phoenix, offering residents a blend of suburban tranquility and urban convenience. Located just minutes from Loop 101 and Highway 51, the community ensures excellent mobility throughout the Phoenix Metro region. Desert Ridge Marketplace and major employment hubs lie within a short drive, bringing significant convenience for shopping, dining, and professional opportunities.
This property showcases a gated setting with a resort-inspired amenity package including a community pool, spa, and manicured landscaping. Its hillside location provides sweeping valley and mountain views for an appealing residential atmosphere. Residents enjoy proximity to excellent schools under Paradise Valley Unified District along with nearby recreational hotspots such as Cave Buttes Recreation Area and Lookout Mountain Preserve.
The neighborhood fosters a serene lifestyle while offering direct access to the city’s key commercial corridors, positioning it among the sought-after residential enclaves in North Phoenix.
Property Facts
| Price | $1,095,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.19 AC |
| Property Type | Land | ||
| Zoning | R-5 - Multifamily | ||
| Price | $1,095,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.19 AC |
| Zoning | R-5 - Multifamily |
1 Lot Available
Lot 28-39
| Price | $1,095,000 | Lot Size | 1.19 AC |
| Price Per AC | $920,168.07 |
| Price | $1,095,000 |
| Price Per AC | $920,168.07 |
| Lot Size | 1.19 AC |
1.19 Acres | 12 Approved Townhome Units | Permits in Place | Partial Civil Complete. Exceptional infill development opportunity featuring 12 fully approved parcels with plans and permits in place — ready to build.
Description
1.19 Acres | 12 Approved Townhome Units | Permits in Place | Partial Civil Complete. Exceptional infill development opportunity featuring 12 fully approved parcels with plans and permits in place — ready to build. The site is designed for 6 duplex-style buildings (2 attached townhomes per building), each residence offering 3 bedrooms, 1,602 to 1,962 square feet of livable space, private balcony and a 2-car garage. Approximately 50% of the civil work has already been completed, significantly reducing development timeline and upfront costs. A rare opportunity to step into a near shovel-ready project with approvals secured and infrastructure partially completed — ideal for developers seeking to accelerate delivery and minimize entitlement risk.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $70,860 | Total Assessment | $70,860 |
Property Taxes
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19226 N Cave Creek Rd - Rare Multi-Fam Opp 12 Fully Engineered Lots!
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