$3,090,000

7131 N 40th St Paradise Valley, AZ 85253

2 beds
4 baths
4,571 sqft
1.4 acres
$676 / sqft
House

Property details

About 7131 N 40th St

Nestled high in a canyon on the hillside of Phx Mountain Preserve, this charming home in a peaceful location has dramatic views of the surrounding mountains. Relax by the sparkling pool on your spacious, beautifully landscaped private patio while taking in the spectacular scenery! Large, comfortable living room w/ wet bar, beehive fireplace & sliding doors to patio is ideal space for entertaining. Spacious kitchen w/ large adjacent dining room both have tremendous mountain views. Luxurious primary suite opens to patio, & bright, open primary bath w/ huge walk in closet. Second floor addition provides an amazing additional living & entertainment area featuring a full bathroom, expansive wet bar w/ granite counters, huge covered balcony w/ outdoor fireplace & expansive, panoramic views! This beautifully maintained home is solid slump block construction. The rich saltillo tile in the entry and kitchen, and exposed wood beams in the living, dining and primary bedroom give the home a warm, inviting ambiance. The large den with built in cabinetry near the front of the home is an ideal home office or could easily be converted to an extra bedroom. Large laundry room with utility sink, plus a spacious two car garage providing ample storage space. Beautifully manicured desert landscaping on this nearly 1.5 acre lot adds to the wonderful curb appeal of this gorgeous home. Don't miss the opportunity to visit this beautiful property in person and take in the spectacular surroundings for yourself!

Highlights

Home typeSingle Family Residence
HeatingElectric
StatusActive
CoolingCentral Air, Ceiling Fan(s)
Size4,571 sqft
Lot size1.44 Acres
Year built1970
ParkingGarage Door Opener, Direct Access
MLS #6856303
Garage2 spaces
Fireplace2 Fireplace, Exterior Fireplace, Living Room
ViewCity Lights, Mountain(s)
Private poolYes

Virtual tour

Summary

  • MLS Number: 6856303
  • MLS Name: Arizona Regional Multiple Listing Service 2
  • Office Name: Redfin Corporation
  • Office Phone: (602) 483-4919
  • Office Email: kristi.penrod@redfin.com
  • Listing Agent: Max Shadle

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2025, 12:55:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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aerial view featuring a mountain view

$3,090,000

7131 N 40th St

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Price information

Property sales

DateEventPrice
May 23, 2000
Home Sold
$765,000
Apr 23, 1992
Home Sold
$342,500

Tax history

YearAssessmentProperty Tax
2024$230,020$7,558
2023$175,660$7,226
2022$133,930$7,719
2020$126,150$7,666
2019$112,670$7,084
2017$107,970$6,782

History based on county public records data.

Nearby schools

6

Madison Heights Elementary School

Public District PK-4

2.4 mi

7150 N 22nd St

10

Cherokee Elementary School

Public District EE-5

2.6 mi

8801 N 56th St

8

Mercury Mine Elementary School

Public District PK-6

2.7 mi

9640 N 28th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $200,655. The majority of Paradise Valley, AZ residents have income $200k+ annually. Most families are married, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

4%
<35k
17%
35k-100k
26%
100k-200k
53%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

21%
Single, No Kids
5%
Single, with Kids
59%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

9%
<11 yrs old
7%
12-17 yrs old
6%
18-34 yrs old
46%
35-64 yrs old
32%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Skiing/snowboardingSkiing/snowboarding
  • Men's TennisMen's Tennis

Where do the neighbors shop?

  • Stein MartStein Mart
  • BJs Wholesale ClubBJs Wholesale Club
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • PaneraPanera
  • Bob EvansBob Evans

What do the neighbors drive?

  • LexusLexus
  • InfinitiInfiniti
  • LincolnLincoln

What do the neighbors listen to?

  • OldiesOldies
  • Adult HitsAdult Hits
  • News/Talk/InformationNews/Talk/Information
All data provided by Home Junction and Claritas

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Frequently asked questions

About 7131 N 40th St

This home is located at 7131 N 40th St in Paradise Valley, AZ and zip code 85253 in the Clearwater Hills neighborhood. This 4,571 square foot home, which was built in 1970, sits on a 1.44 acre lot. Features: 2 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 24, 2025 and is currently priced at $3,090,000.

While more than 8 listings in Paradise Valley, AZ in March 2025 were sold above asking price, there were more than 3 listings sold at asking price, and more than 39 were sold below. The number of homes for sale in Paradise Valley, AZ increased by 5.5% between February and March 2025. In March 2025 median list price was $3,500,000 and the average listing age was 88 days.

From Rocket Homes Real Estate and based on county public records data.

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