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2400 E Arizona Biltmore Cir - 2400 BILTMORE RESIDENTIAL 7.68 Acres of Residential Land Offered at $52,000,000 in Phoenix, AZ 85016
Investment Highlights
- Approved PUD zoning supports a mixed-use residential development vision.
- Planned project includes residential, restaurant, and amenity components.
- Resort-style amenities are incorporated into the approved concept.
- Located within the prestigious Arizona Biltmore district.
- Potential for up to 195 dwelling units under approved zoning parameters.
- Convenient access to Phoenix, Scottsdale, and the Camelback Corridor.
Executive Summary
The site consists of 7.68 gross acres and is entitled under an approved Planned Unit Development (PUD) zoning framework that supports a mixed-use residential vision. Current project planning contemplates approximately 120 to 125 residential units, with approvals allowing up to 195 dwelling units, complemented by restaurant and lifestyle-oriented commercial components. Planned amenities include a resort-style pool and lounge area, dedicated amenity space, structured parking accommodations, and building heights up to 66 feet.
The property's location provides convenient connectivity to major employment centers throughout the Camelback Corridor, Downtown Phoenix, Scottsdale, and the broader metropolitan area. Future residents would benefit from proximity to luxury hospitality destinations, championship golf, upscale shopping, dining, and entertainment options that define the Arizona Biltmore submarket.
With approved zoning, established utility service, and a highly visible location within one of Phoenix's most sought-after residential environments, the property offers developers and investors an opportunity to advance a mixed-use residential project in a supply-constrained infill setting. The combination of entitled density, planned lifestyle amenities, and a premier Biltmore-area location creates a compelling development opportunity within the Phoenix market.
Property Facts
| Price | $52,000,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 7.68 AC |
| Property Type | Land | ||
| Zoning | PUD - Planned Unit Development | ||
| Price | $52,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 7.68 AC |
| Zoning | PUD - Planned Unit Development |
1 Lot Available
Lot
| Price | $52,000,000 | Lot Size | 7.68 AC |
| Price Per AC | $6,770,833.33 |
| Price | $52,000,000 |
| Price Per AC | $6,770,833.33 |
| Lot Size | 7.68 AC |
Rare 7.68-acre infill redevelopment site in Phoenix's prestigious Arizona Biltmore district. Approved mixed-use PUD zoning allows up to 195 residential units with restaurant and amenity components, offering exceptional mountain, and golf course.
Description
The property consists of 7.68 gross acres (5.908 net acres) located at the northeast corner of 24th Street and Arizona Biltmore Circle in Phoenix, Arizona. The site is identified as Assessor Parcel Number 164-12-781 and is zoned PUD (Planned Unit Development, Mixed-Use). Zoning Case Z-44-25-6 was approved on March 4, 2026. Project information references up to 195 dwelling units, restaurant space, amenity space, parking facilities, and a maximum building height of 66 feet. Utility providers include Salt River Project for electricity, the City of Phoenix for water, sewer, trash, and recycling services, and Southwest Gas for natural gas.
Property Taxes
| Parcel Number | 164-12-781 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,720,082 |
Property Taxes
