Undeveloped Paradise Valley homesite sells for state-record $12.5 million

PHOENIX – An undeveloped 5-acre piece of land in Paradise Valley sold on Monday for $12.5 million, a record for a single-family residential lot in Arizona, according to the buyer’s agent. The flat homesite at 5711 N. Yucca Road in Arizona’s wealthiest city offers views of Camelback Mountain…

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