7816 S 42ND Way 40, Phoenix, AZ 85042 (MLS# 7043327)

7816 S 42ND Way 40, Phoenix, AZ 85042

New Listing

$230,000

Property Type: Land Lot Size (sq. ft.): 20,657 Status: Active

Current Price: $230,000 List Date: 6/18/2026 Last Modified: 6/18/2026

Overview

Description

Discover the perfect canvas for your dream home in the prestigious, gated community of Legacy Mountain Villas in Phoenix. This exceptional vacant lot offers a rare opportunity to design and build your custom luxury residence amid breathtaking surroundings. Wake up to stunning sunset and sparkling city light views that stretch across the valley. Nestled in this intimate, private enclave, the lot provides an elevated setting with natural beauty, hiking trails, and serene desert landscapes right at your doorstep. Enjoy the exclusivity of a controlled-access gated community while benefiting from convenient access to downtown Phoenix, Sky Harbor Airport, shopping, dining, and major freeways.

Supplements: Ideal for discerning buyers and custom home builders, this parcel is ready for your vision--whether a modern masterpiece, sprawling estate, or energy-efficient smart home. Take advantage of the community's desirable location near South Mountain trails and the vibrant North Phoenix lifestyle.Don't miss this chance to secure one of the last prime bui ... (Read more)

Listing Details MLS# 7043327

Location, Tax & Legal

House Number: 7816
Compass: S
Street Name: 42ND
St Suffix: Way
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85042
Zip4: 7337
Country: US
County Code: Maricopa
Assessor Number: 301-18-065
Subdivision: LEGACY MOUNTAIN VILLAS
Tax Year: 2025
Lot #: 40
Assessor's Map #: 18
Legal Description (Abbrev): LOT 40 LEGACY MOUNTAIN VILLAS MCR 124126
Assessor's Parcel #: 65
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116704
Taxes: 549

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 0.47
Apx Total Acres G/N: G
Price Per Acre: 489361.7
Apx SqFt: 20657
Price Per SqFt: 11.13
Apx SqFt G/N: G
Lot Size Dimensions: 33.375665 , -111.991915
Horses: N
Zoning: R-6
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Frank Elementary School
Jr. High School: Fees College Preparatory Middle School
High School: Tempe High School

Remarks Misc

Cross Street: 40th and Baseline Rd
Directions: East to 42nd Place, South (Right) to Valencia, Left through the gate, Right on 42nd way to home.

Legal Info

Township: 1S
Range: 4E
Section: 6
Lot Number: 40

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Phone Call: Yes
No Notification Required to Show: Yes

More Information

Special Listing Cond

N/A: Yes

Pmt & Rate Info

Equity: 230000
Total Owed: 0

Assoc/Prop Info

HOA Y/N: Y
HOA Transfer Fee: 0
HOA Fee: 125
HOA Paid (Freq): Monthly
HOA Name: Legacy Mtn. Villas
HOA Telephone: 602-957-9191
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N

Lockbox Type

None: Yes

Existing Land Use

Residential Lot: Yes

Zoned Presently

Single Family: Yes

Potential Use

Single Family: Yes

Parcel Size

.25 - .49 Acres: Yes

Development Status

Raw Land: Yes

Land Features

Cul-De-Sac: Yes
Curb(s) & Gutter(s): Yes
Sidewalk(s): Yes
Gated Community: Yes
Border Common Area: Yes

View

City: Yes
Desert: Yes
Panoramic: Yes
City Lights: Yes
Mountain(s): Yes

Vegetation

Natural Vegetation: Yes

Land Configuration

Irregular Shape: Yes

Road Access Type

City Street: Yes
Private Road: Yes

Road Surface Type

Asphalt: Yes

Road Responsibility

Private Maintained Road: Yes

Fencing

Partial: Yes

Water Source

City Franchise: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Sewer

Sewer - Public: Yes

Railroad

Railroad 1 - 5 Miles: Yes

Electric

SRP: Yes

Topography

Level: Yes
Gentle Sloping: Yes
Hillside: Yes

Gas

SW Gas: Yes

Distance to Cable

Call Listing Office: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Distance to Phone

Call Listing Office: Yes

Distance to Water

Call Listing Office: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

Call Listing Office: Yes

Distance to Gas

Call Listing Office: Yes

Distance to Sewer

Call Listing Office: Yes

Use Restrictions

C.C. & R's: Yes
Airport Flight Zone: Yes
Hillside Ordinance: Yes
Existing Easement: Yes

Reports/Disclosures

Soil Test: Yes
Seller Prop Disc Stm: Yes
ALTA Survey Alba: Yes
Subdivison Rpt Exemp: Yes
Vicinity of an Airport: Yes

Environmental

None: Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Single Family Potential Use: Single Family Parcel Size: .25 - .49 Acres Development Status: Raw Land Land Features: Cul-De-Sac; Curb(s) & Gutter(s); Sidewalk(s); Gated Community; Border Common Area View: Desert; Panoramic; City Lights; Mountain(s) Vegetation: Natural Vegetation Land Configuration: Irregular Shape Road Access Type: City Street; Private Road Road Surface Type: Asphalt Road Responsibility: Private Maintained Road Railroad: Railroad 1 - 5 Miles Topography: Level; Gentle Sloping; Hillside Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Distance to Cable: Call Listing Office Distance to Phone: Call Listing Office Distance to Water: Call Listing Office Distance to Electric: Call Listing Office Distance to Gas: Call Listing Office Distance to Sewer: Call Listing Office Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Use Restrictions: C.C. & R's; Airport Flight Zone; Hillside Ordinance; Existing Easement Environmental: None Showing Notification Methods: Text; Phone Call; No Notification Required to Show Lockbox Type: None Fencing: Partial

Listing Office: My Home Group Real Estate

Last Updated: June - 18 - 2026