A deep-pocketed buyer just shelled out $14.3 million in cash for roughly 4.75 acres in Paradise Valley, one of the biggest single-lot land plays in the Valley this month. The property comes with a midcentury house, but the real prize is clearly the dirt. The deal was framed as a pure land purchase, and the existing home appears likely to be scraped to make room for a new estate. On a per-acre basis, the site pencils out at just over $3 million.
The transaction was first reported by the Phoenix Business Journal, which noted that it was an all-cash sale and said it was the highest price paid for a parcel in Arizona so far in 2026.
Sale details
Public MLS data and county records line up with the headline price and size. Listings show the property at 5660 N Saguaro Rd closing at $14.3 million on a 4.75-acre lot, list the buyer as Momentum II LLC, and flag the transaction as “sold as land value.” The parcel details and sale history are posted on Homes.com, with additional listing records and the assessor’s parcel number available through Xome.
Why land is so hot
Findable, buildable acreage in Paradise Valley is about as rare as summer shade, and buyers with serious budgets know it. Wealthy homeowners and developers have been paying up, often with cash, to lock down wide, flat parcels with strong views. Recent tallies of luxury deals show multiple sales north of $10 million in January, a sign that demand for large lots in the 85253 ZIP code is still running hot. For a sense of the high-end action, see recent sales compiled by Realtor.com and market commentary from local appraisers at Phoenix Valuations…