
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 and Mummy Mountain. The buyer, who was…