Scottsdale Resort Corridor Neighborhood Comparison

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Community Comparison Scottsdale

B r i a r w o o d C o m m u n i t y M a y 2 0 2 4

Briarwood

An Option to being in the heart of walkability are Land Lease communities.

7317 E. Solcito

4 Bed, 4 bath

2,779 square feet

New Pool, Spa, Misted covered Patio

Just REDUCED $899,000

HOA + Land Lease $585/mo

Comparble home in McCormick Ranch

$1.7 Million

www.LiveinScottsdale.homes

for Video Walk thru and more

Location Location Location

Proximity to the Ritz-Carlton Paradise Valley development scheduled to open in 2024 for Appreciation potential

Land Leases provide an affordable way for walkability to some of this nation’s top destinations, otherwise unattainable

Low property tax ($1,100/year) provides additional savings

www.LiveinScottsdale.homes for Video Walk thru and more

Starbucks

Houstons

Lindsay Cupcakes

Veneto Trattoria

Nails

Nektor

The Good Egg

CVS Pharmacy

The Taphouse Kitchen

AJ’s Fine Groceries

Trader Joes

Fax Ox

Einsteins

Walgreens

First Watch Bfast

Fogo de Chao Steakhouse

Andaz Resort

Blanco Cantina

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www.LiveinScottsdale.homes for Video Walk thru and more L i n c o l n V i l l a g e
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Proximity to Paradise Valley Township

You are in good company... Briarwood is across the road from the mega-mansions of Paradise Valley Township

www.LiveinScottsdale.homes for Video Walk thru and more

Paradise Valley Township

Paradise Valley is a residential community surrounding Camelback Mountain. There are several well known resorts which were grandfathered when the town was incorporated in the early 1960s, generating revenue so that these 3,500 households pay no additional property tax to live here. PV has it’s own Police Department with one of the highest Officer-to-Resident ratios in the nation. Minimum one acre lots start at $1.8M for an opportunity to scrape and build, not including demo costs. (MORE)

www.LiveinParadiseValley.com for Video Walk thru and more 6940 E. Indian Bend Rd., Paradise Valley $5,950,000 Listed by Denise van den Bossche 602-980-0737

Arizona Canal

The Arizona Canal has been improved by adding a concrete walkway to provide joggers, strollers and bikers a continuous path to travel from the Indian Bend Wash to the Tempe border and back up the Scottsdale canal banks to form a loop that circles the southern part of the city. For more information see the City of Scottsdale.

Briarwood

Indian Bend Railroad Park

This 30 Acre Park was dedicated to the city of Scottsdale with the stipulation i would remain a park

Old Town Scottsdale

Old Town Scottsdale has an incredible nonstop availability of activities from shopping, art galleries, dining, Farmer’s Market, entertainment, museums, spas, coffee shops, resorts like the W Hotel, a popular night life and the Fashion Square Mall. Home prices reflect this walkability and convenience. Old Town is dominated by newer luxury condos and highrise living. Arcadia borders to the West, and is one of the highest priced neighborhoods of single family homes.

Take a video walk thru from the Old Town Scottsdale Waterfront, with 1 Bedroom condos starting around $2M Video Link

Old Town Scottsdale Homes

A Non- High-Rise 2,000 - 3,000 square foot home

The Pavoreal is a gated community across from Fashion Square Mall at the entrance to the Arcadia District. This home is a two bedroom, 2.5 bath, 2,136 square feet listed for $1,690,000.

Monthly HOA $683. Annual Property Tax (2023) $4,102

McCormick & Gainey Ranch Scottsdale

McCormick Ranch is located between the two primary Scottsdale dining & shopping destinations, Kierland and Old Town Scottdale. Soon it will benefit by the new Palmeraie and the Ritz development, Some of the gated communities here provide access to a clubhouse, fitness or golf. HOA fees vary depending on gated vs. Guard-gated and the types of community amenities.

Gainey tends to be newer and more dense.

McCormick is more of a traditional ranch style neighborhood.

$2,755/year PropertyTax

This $1,700,000 home is fully remodeled in the popular McCormick Ranch area, a short drive to the Scottsdale resort corridor. Known for its walking paths and golf courses.

M c C o r m i c k R a n c h

Kierland - Scottsdale Quarter - PV Mall 85254

Located north of Old Town Scottsdale and close to the 101 Loop providing easy access to the Valley. This area is anchored by popular shopping and dining with a young and vibrant lifestyle.

Inside Kierland, the condos and townhomes can range from $1 to several million dollars. However, the neighborhoods west of here are newer, many built in the 1990s, and are being continually being remodeled. Further west towards the old PV Mall/Tatum are homes built in the 1980s and many non-HOA rentals. This area is expected to appreciate as the original PV Mall transformation into a vibrant mixed-used development is completed 2024-2025. ,

85254 - Kierland Area Single Family Homes

85254 provides neighborhoods with many older remodels and no HOA. This became a popular location for short term rentals in recent years.

Grayhawk

Located just north of the 101 Freeway on the side of Scottsdale Rd, These neighborhoods anchored by The Grayhawk golf club. This pa the Valley is newer and includes gorgeous vie lots and gated security. It is close to the 101, t TPC Scottsdale Princess Resort. Just a short from Kierland and the Scottsdale Quarter. Ye far enough north to be considered North Scottsdale.

Homes here are newer, with the oldest in the 1990s. There are multi-million dollar gated communities located here.

Grayhawk, Scottsdale 85255

Grayhawk is just north of the 101 at the entrance to North Scotttsdale. It is outside of the Scottsdale school District. Newer homes, but no city center, Grayhawk is known for golf and is near the PGA annual Phoenix Open

Desert Ridge

Located just north of the 101 in Phoenix are the newer master-planned communities near Desert Ridge mall. Shopping and restaurants consist of most of the big box and national chains.

This area is also close to the JW Marriott conference resort, Golf courses, Lifetime Fitness and the Mayo Clinic. Single family homes can be found here from just under $1 million to over $3 million. Larger homes are typically 2 story due to the density here.

Desert Ridge Area:

Desert Ridge is north of the 101. The closest retail and dining center is the Desert Ridge mall. Desert Ridge is in Phoenix and close to the Mayo Clinic Phoenix campus.

Conclusi

Bycomparinghomesinthe youcandeterminewhatpar willnoticethecomparisonin sizevariesconsiderably. The fromtheScottsdalecitycenter.ThatiswhatmakesaLand Leaseaviableoptionformanyfamilies.Bypayingjustforthe structure,pricescanprovideasmuchashalfofthepricein savings.

Theclosertothecitycenter,themoreconfidentyoumayfeel aboutpriceandappreciationwhenyouchoosetosell. You maychoosetoliveinahomelongerwhenyouhavethe walkabilityelement. Acondo,townhomeoralandleaseare optionsforbeingclosertothecenterofactivities. CallDenise formoreinformation602-980-0737www.Exec-Elite.com

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