2800-2900 Lem Drsix 5 75 Acre Lots Sedona, AZ, 86336

Seller financing is available. Six (6), .5-.75 ac. lots. Fantastic red rock knoll & natural vegetation site with incredible 360 red rock panoramic views. 6 Parcels, #003-008, 3.67 acres. Engineering complete for gated road and all underground utilities to each lot(approx cost of 600,000 for grading and utilities (not including gates), in process of and very close to permitting. Build two Short-term rental homes on each lot, a home and a guest house. Or one large 6,000 s ft STR(short-term rental community) or six 10 room assisted living homes or a combo of both. No hoa, or CC&Rs. Walk/Bike to restaurants, shopping, and hiking and biking trails. Perfect for investors who are interested in a gated private enclave. With RS-10 zoning Could also be a potential 15-lot subdivision. A steal at 395,000 per acre with all active and sold comps closer to 900,000 per acre. Could be rezoned to an apartment building if affordable housing is included. One of a 3-turn key project offering (see 3 project operating memorandum under docs). Seller will sell all 3 projects or 18 acres including all 25 lots, 18 TO BE FULLY IMPROVED by approximately 7/2024. Adjoining CF zoned 1.7 acres parcel with allowable permitted uses are private clubhouse, corporate/wedding facility, and assisted living adjoining the Sky Ridge Estates STR lots. Events are not allowed with STR but are on this adjoining parcel. The total price for all 3 projects is now discounted to 8,895,000. (recently adjusted from 11,500,000) Please see the attached Sedona development Offering memorandum. 18 lots to include all improvements, the other 7 lots are platted and unimproved, 6 on ridge/red rock bluff. Excavation/Grading and utilities (all improvements) are currently bid at 700,000 for the 6 Lem lots(this listing Lem). Approved for gates(not included) Seller may carry with full price offer & half down. Sky Ridge Lot 3 is excluded (sold) Recent close in proximity Comparable, within 1 mile, 23 acres mostly undeveloped without approvals recently(10/11/23) sold for $25,661,906 or $1,115,735 per acre. The owner is an active licensed Az Real Estate Broker, general contractor, and developer.