7040 E PALO VERDE Lane, Paradise Valley, AZ 85253 (MLS# 6624551)

7040 E PALO VERDE Lane, Paradise Valley, AZ 85253

$2,000,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,548 Lot Size (sq. ft.): 41,553 Status: Closed

Current Price: $2,000,000 Last Modified: 3/17/2026

Description

Welcome to your very own piece of paradise, nestled in the heart of Paradise Valley, AZ! This charming residence boasts stunning upgrades and an abundance of natural light, creating a bright and inviting atmosphere from the moment you walk in. Perfectly situated on a generous lot, offering a spacious backyard with sparkling pool, perfect for outdoor gatherings and activities, all while enjoying breathtaking mountain views! Immerse yourself in the tranquility and beauty of this ideal location, where every day feels like a retreat.

More Information MLS# 6624551

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No Sold Price: $2,000,000 Status: Closed Current Price: $2,000,000 List Date: 2023-10-30

Location, Tax & Legal

Assessor's Map #: 6 Legal Description (Abbrev): LOT 487 HIDDEN VILLAGE 11 LOTS 484-491, 501-509 MCR 008129 Assessor's Parcel #: 5 Tax Municipality: Paradise Valley Taxes: 5459 House Number: 7040 Compass: E Street Name: PALO VERDE St Suffix: Lane City/Town Code: Paradise Valley State/Province: AZ Zip Code: 85253 Zip4: 5951 County Code: Maricopa Assessor Number: 173-06-005 Subdivision: HIDDEN VILLAGE 11 LOTS 484-491, 501-509 Tax Year: 2023

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 Approx SQFT: 2548 Price/SqFt: 784.93 Approx Lot SqFt: 41553 Approx Lot Acres: 0.954 Horses: N Builder Name: unknown Lead Based Hazard Disclosure: No Elementary School District: Scottsdale Unified District High School District: Scottsdale Unified District Elementary School: Kiva Elementary School Jr. High School: Mohave Middle School High School: Saguaro High School Community Pool Y/N: No Private Pool Y/N: Yes Fireplace YN: Yes Fireplaces Total: 1 Dwelling Type: Single Family Residence Exterior Stories: 1 # Bedrooms: 4 Total Bathrooms: 3 Year Built: 1960

Legal Info

Range: 4E Section: 15 Township: 2N Lot Number: 487

Special Listing Cond

N/A: 1

Construction

Block: 1 Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1 Brick Veneer: 1

Roofing

Composition: 1

Association & Fees

HOA Y/N: N PAD Fee Y/N: N Land Lease Fee Y/N: N Ttl Mthly Fee Equiv: 0

Showing Notification Methods

Showing Service: Aligned Showings Phone Call: 1

Lockbox Type

Supra: 1

Architecture

Ranch: 1

Master Bathroom

Double Vanity: 1

Additional Bedroom

Other Bedroom Split: 1

Flooring

Carpet: 1 Tile: 1

Private Pool Features

Diving Pool: 1

Dining Area

Formal: 1 Eat-in Kitchen: 1 Breakfast Bar: 1

Heating

Natural Gas: 1

View

City Lights: 1 Mountain(s): 1

Kitchen Features

Dishwasher: 1 Disposal: 1 Gas Oven: 1 Gas Range: 1 Pantry: 1 Refrigerator: 1 Gas Cooktop: 1 Granite Counters: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Interior Features

No Interior Steps: 1

Laundry

Washer Included: 1 Dryer Included: 1 Inside: 1

Basement

Basement Y/N: N

Other Rooms

Family Room: 1

Separate Den/Office

Sep Den/Office Y/N: N

Road Responsibility

City Maintained Road: 1

Technology

Cable TV Avail: 1 High Speed Internet: 1

Fencing

Block: 1

Water Source

Pvt Water Company: 1

Exterior Features

Covered Patio(s): 1 Patio: 1

Spa

None: 1

Sewer

Septic Tank: 1 Septic-In & Connected: 1

Parking Spaces

Slab Parking Spaces: 2 Total Covered Spaces: 2 Garage Spaces: 2

Parking Features

Direct Access: 1 Garage Door Opener: 1

New Financing

Cash: 1 Conventional: 1

Plumbing

Gas Hot Water Heater: 1

Utilities

APS: 1 SW Gas: 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

Corner Lot: 1

Landscaping

Grass Front: 1 Grass Back: 1 Synthetic Grass Frnt: 1 Yrd Wtring Sys Front: 1 Yrd Wtring Sys Back: 1 Auto Timer H2O Back: 1

Services

City Services: 1

Disclosures

Seller Discl Avail: 1

Possession

Close of Escrow: 1

Association Fee Incl

No Fees: 1

Assoc Rules/Info

None: 1

Sold Info

Loan Type: Conventional Closing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: Scottsdale Rd and McDonald Directions: West on McDonald Rd to North Qual Run Rd, Then South to Palo Verde, The East to the end of the street. Geo Lat: 33.523018 Geo Lon: -111.928354

Status Change Info

Off Market Date: 2024-02-23 Under Contract Date: 2024-01-25 Close of Escrow Date: 2024-02-23 Sold Price: $2,000,000

Property Features

Special Listing Cond: N/A Architecture: Ranch View: City Lights; Mountain(s) Master Bathroom: Double Vanity Additional Bedroom: Other Bedroom Split Flooring: Carpet; Tile Private Pool Features: Diving Pool Spa: None Dining Area: Formal; Eat-in Kitchen; Breakfast Bar Kitchen Features: Gas Oven; Gas Range; Gas Cooktop; Disposal; Dishwasher; Refrigerator; Pantry; Granite Counters Laundry: Washer Included; Dryer Included; Inside Other Rooms: Family Room Interior Features: No Interior Steps Technology: Cable TV Avail; High Speed Internet Exterior Features: Covered Patio(s); Patio Parking Features: Direct Access; Garage Door Opener Road Responsibility: City Maintained Road Construction: Block; Wood Frame Const - Finish: Painted; Stucco; Brick Veneer Roofing: Composition Cooling: Central Air; Ceiling Fan(s) Heating: Natural Gas Plumbing: Gas Hot Water Heater Utilities: APS; SW Gas Water Source: Pvt Water Company Sewer: Septic Tank; Septic-In & Connected Services: City Services Fencing: Block Property Description: Corner Lot Landscaping: Grass Front; Grass Back; Synthetic Grass Frnt; Yrd Wtring Sys Front; Yrd Wtring Sys Back; Auto Timer H2O Back Showing Notification Methods: Phone Call Lockbox Type: Supra Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Disclosures: Seller Discl Avail

Listing Office: RE/MAX Fine Properties

Last Updated: March - 17 - 2026