This Lot Has Been Sold
Sold for $2,160,000 on December 17, 2015
1 / 11
Sold3782 days on marketMLS# 5330270
5001 E Arabian Way 2
Paradise Valley, AZ 85253
$2,285,000
2.21 acres
Lot Size
96,101
Square Feet
No
HOA
$10,405
Taxes (2015)
About This Lot
UNIQUE TEARDOWN/DEVELOPMWENT OPPORTUNITY IN MARTINGALE FARMS! BUILD/DESIGN YOUR OWN DREAM HOME ON ONE OF THE BEST CUL-DE-SACS IN PARADISE VALLEY! WITH $8M++ DOLLAR HOMES ON BOTH SIDES OF YOU!! 2.21 ACRES ON A PRIVATE, CUL-DE-SAC LOT WITH IMPECCABLE VIEWS OF THE MOUNTAINS!! SOUTHWEST FACING BACKYARD STRAIGHT OUT OF A PARK! SYNTHETIC GRASS AND DESERT LANDSCAPING. OUTDOOR GOLF HOLE WITH CHIPPING AREA, PUTTING AND SAND TRAP. LIGHTED TENNIS COURT. POOL HOUSE WITH BATHROOM AND SHOWER, PEBBLE TECH POOL WITH DIVING BOARD, OUTDOOR DINING WITH BUILT-IN BBQ, VERANDA - AND THAT'S JUST THE BACK YARD!! BEAUTIFUL COLONIAL STYLE HOME WITH 4 BEDROOMS, 4.5 BATHROOMS, PLUS A DEN AND BONUS/GAME ROOM. TONGUE AND GROOVE WOOD VAULTED CEILINGS THROUGHOUT THE HOME.
Lot Information
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Frequently Asked Questions
About building in Paradise Valley
When building a home in Paradise Valley, Arizona, the key zoning term that determines how large your home can be is FAR (Floor Area Ratio).
Floor Area Ratio (FAR) is the maximum amount of building area allowed on a lot, expressed as a percentage of the lot's size. FAR includes all areas under roof, such as the home's interior living space, garages, covered patios, ramadas, porte-cochères, and any second-story areas.
In most Paradise Valley zoning:
- •FAR = 25% of the net lot area
Here's how the math works on a 1-acre lot (43,560 sq ft):
FAR Calculation
43,560 × 0.25 = 10,890 sq ft maximum buildable area
Our estimator uses the FAR (25%) to calculate maximum buildable area based on lot size, then multiplies that by the build price per square foot to generate a cost estimate. This tool assumes a flat lot and does not account for site-specific constraints.
Important Notes
Final buildable square footage can vary based on setbacks, height limits, and other zoning requirements, so an architect or design professional must determine the exact allowable size for a specific lot. Actual buildable area may be reduced or modified due to:
- •Required setbacks
- •Building envelope limitations
- •Hillside regulations
- •Height restrictions
- •Retention requirements
- •Other Town of Paradise Valley zoning and building codes
This tool is intended for estimate purposes only. Final allowable square footage is subject to Town review and approval.
In certain cases, additional or reduced square footage may be achievable depending on design, grading, and Town approvals.
This tool is intended only for general price parameters to consider when exploring the idea of building your dream home in Paradise Valley. As your dedicated real estate advisors for spec homes and new construction in Paradise Valley, our team can help you navigate all of the available options — whether that's a move-in-ready spec build, a newer construction resale, or finding the right lot and builder to create something custom.
Some properties with a Paradise Valley address or Paradise Valley zip code (85253) may actually fall under the jurisdiction of Phoenix or Scottsdale. In those instances, Phoenix or Scottsdale zoning and taxes would apply.
Their building codes and zoning requirements differ from the Town of Paradise Valley and are typically less stringent.
For the simplicity of this calculator, we are using only Town of Paradise Valley parameters. If your property is in Phoenix or Scottsdale jurisdiction, actual allowable square footage may be different.
For official zoning information, including FAR regulations, height and area requirements, and building codes, refer to the Town of Paradise Valley directly:
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Whether you're looking for a newer home, searching for a lot, planning a custom build, or need to sell your current home — I'd love to hear from you.
Paradise Valley New Construction · (480) 382-8514
Nearby Schools
Paradise Valley schools consistently rank well. Zoned schools depend on exact address.
High School: Chaparral High School
District: Scottsdale Unified District
Primary District: Scottsdale Unified School District (SUSD)
Paradise Valley is primarily served by the Scottsdale Unified School District. Specific school zones depend on your exact address. Arizona open enrollment also allows families to apply to schools outside their zoned area.
Elementary
8/10
Cherokee Elementary
PK–58801 N 56th St, Paradise Valley
Located within Paradise Valley
7/10
Kiva Elementary
PK–66911 E McDonald Dr, Paradise Valley
Located within Paradise Valley
Middle School
6/10
Mohave Middle School
6–88490 E Jackrabbit Rd, Scottsdale
6/10
Ingleside Middle School
6–85402 E Osborn Rd, Phoenix
High School
9/10
Chaparral High School
9–126935 E Gold Dust Ave, Scottsdale
96% graduation rate
7/10
Saguaro High School
9–126250 N 82nd St, Scottsdale
94% graduation rate
Public & charter ratings from GreatSchools. Private school letter grades from Niche. Enrollment zones vary by address.
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Nearby Schools
Paradise Valley schools consistently rank well. Zoned schools depend on exact address.
High School: Chaparral High School
District: Scottsdale Unified District
Primary District: Scottsdale Unified School District (SUSD)
Paradise Valley is primarily served by the Scottsdale Unified School District. Specific school zones depend on your exact address. Arizona open enrollment also allows families to apply to schools outside their zoned area.
Elementary
8/10
Cherokee Elementary
PK–58801 N 56th St, Paradise Valley
Located within Paradise Valley
7/10
Kiva Elementary
PK–66911 E McDonald Dr, Paradise Valley
Located within Paradise Valley
Middle School
6/10
Mohave Middle School
6–88490 E Jackrabbit Rd, Scottsdale
6/10
Ingleside Middle School
6–85402 E Osborn Rd, Phoenix
High School
9/10
Chaparral High School
9–126935 E Gold Dust Ave, Scottsdale
96% graduation rate
7/10
Saguaro High School
9–126250 N 82nd St, Scottsdale
94% graduation rate
Public & charter ratings from GreatSchools. Private school letter grades from Niche. Enrollment zones vary by address.