105 Cultural Park Place, -, Sedona, AZ 86336 (MLS# 6492478)

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105 Cultural Park Place, -, Sedona, AZ 86336

$20,000,000
Property Type: Land and Lots Lot Size (sq. ft.): 1,785,960 Status: Closed
Current Price: $20,000,000 List Date: 11/30/2022 Last Modified: 12/08/2022

Description

Sedona's Cultural Park consists of approximately 41 acres - truly the gateway into Sedona off interstate 89A. Two appraisals completed in 2022 to validate list price. The Cultural Park is the last & largest undeveloped properties left in and around Sedona offering unparalleled red rock vistas, Mogollon Rim views, with US Forest Service on the west and north side of property boundaries. The property is accessed from Highway 89A & Cultural Park Place. The City of Sedona has already approved uses for the Cultural Park such as multi-family housing, commercial & lodging, wellness, center of innovation, conference center, food services, retail, welcome center, and other commercial uses. City of Sedona must approve any development - there is no current zoning for the famous Cultural Park.

More Information MLS# 6492478

Contract Information

Current Price: $20,000,000 Sold Price: $20,000,000 Status: Closed List Date: 2022-10-25 For Sale or Lease?: Sale Type: EA Subagents: N Buyer/Broker: Y Buyer Broker $/%: % Comp to Buyer Broker: 2 Variable Commission: Y

Location, Tax & Legal

Map Code/Grid: C82 House Number: 105 Street Name: Cultural Park St Suffix: Place Lot #: - City/Town Code: Sedona State/Province: AZ Zip Code: 86336 Country: USA County Code: Yavapai Assessor's Map #: 47 Assessor's Parcel #: 9 Assessor Parcel Ltr: B Add'l Parcels: Yes Assessor Number: 408-47-009-B Legal Description (Abbrev): AN IRREGULAR METES AND BOUNDS PORTION OF THE SE4. NE PARCEL CORNE R APPROX 682 FT SOUTH & 400 FT WES Subdivision: M&B Tax Municipality: Yavapai - COUNTY Taxes: 59038 Tax Year: 2019 Marketing Name: SEDONA CULTURAL PARK

General Property Description

Apx Total Acres: 40.9 Apx Total Acres G/N: G Price Per Acre: 486552.57 Apx SqFt: 1785960 Price Per SqFt: 11.14 Apx SqFt G/N: G Lot Size Dimensions: MULTIPLE PARCELS-SEE SURVEY Horses: Y Zoning: N/A Elementary School: Out of Maricopa Cnty Jr. High School: Out of Maricopa Cnty High School: Out of Maricopa Cnty Elementary School District: Out of Area High School District: Out of Area Out of Area Schl Dst: 9

Remarks & Misc

Cross Street: 89A, Cultural Park Pl, Arts Village Drive Directions: 26.5 Miles From I-17 (Exit 260 West Camp Verde). Take 89A & head East to Corner of Cultural Park Place (LEFT @ Light). Left at Arts Village Drive. Across From Yavapai College. Geo Lat: 34.851021 Geo Lon: -111.831421

Status Change Info

Status Change Date: 2022-12-08 Off Market Date: 2022-12-01 Under Contract Date: 2022-12-01 Close of Escrow Date: 2022-12-08 Sold Price: $20,000,000

Legal Info

Township: 17N Range: 05E Section: 16 Lot Number: -

Pmt & Rate Info

Equity: 19900000

Assoc/Prop Info

HOA Y/N: N PAD Fee Y/N: N HOA 2 Y/N: N

Sold Info

Loan Type: Cash Closing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Special Listing Cond: N/A Existing Land Use: Other (See Rmks) Zoned Presently: Recreational; Other (See Rmks) Parcel Size: 40.00 - 79.99 Acres Proposed Density: 16 - 20 Units P/Acre Development Status: Plans Available; Plans Included; Other; See Remarks Land Features: Cul-De-Sac; Corner Lot; North/South Exp; Borders Pres/Pub Lnd; Other; See Remarks Elevation: 3,001 - 4,000 Ft; 4,001 - 5,000 Ft Elevation Source: Topo Survey Vegetation: Natural Vegetation Land Configuration: Other (See Rmks) Roads/Streets: Gravel; Dirt; Asphalt; Private Street Traffic Count: 15,001 to 25,000 Freeway/Highway: Frontage Topography: Level; Gentle Sloping; Hillside; Rolling Existing Structures: Park Model(s); Other; See Remarks Water: Private Franchise Sewer: Sewer - Public; No Sewer/Septic Electric: APS Gas: Underground; Other (See Rmks) Distance to Cable: Under 350 Feet Distance to Phone: Under 350 Feet Distance to Water: On Property Distance to Electric: On Property Distance to Gas: Under 350 Feet Distance to Sewer: Under 350 Feet Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Other Loan: Not Applicable New Financing: Conventional Reports/Disclosures: Seller Prop Disc Stm; ALTA Survey Alba; Development Pln Aval; Other (See Rmks) Environmental: Phase I Available Showing Notification Methods: Phone Call
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: December - 08 - 2022
105 Cultural Park Place, -, Sedona, AZ 86336- MLS# 6492478
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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