One of kind opportunity to own in a brand new gated subdivision dedicated to luxury short term rental residences! Purchase as a pure investment or use as a 2nd home with short term rental potential while not occupying.
1) Purchase lot and have preferred builder build the home between $950-975k, a savings of about $400k
2) Purchase the home as a finished home, build time is approximately 10 months. Community infrastructure is already in place and homes are ready to build. Approved plans by the city of Scottsdale included in all lot purchase. Three floorplans to choose from. Permit can be pulled in approximately 4 weeks. Incredible finishes, and amazing return profile from renting as short-term rentals. Call today!
Asking: Starting at $2.65M
Estimated Gross Annual Rent: $350,000
Estimated Cash-On-Cash Return: 18%