PROPERTY DESCRIPTION

Seller says new listing price of $995,000 is firm and reflects a total reduction of $255,000 from the OLP. Substantial savings exists NOW, before the parcels are sold off individually, resulting in a higher price per parcel than if the entire estate was acquired. Situated in the heart of Portal at an elevation of nearly 5,000 feet, this 28-acre hilltop property which includes a total of 4 parcels offers magnificent mountain views and a custom-built, 1,948-square-foot adobe brick home with a natural stone pool and observation patios. New exterior stucco siding is one the books. The underground utilities that are accessible to the surrounding parcels has an estimated investment value of roughly $300,000 in today's market. Above-standard 600-foot-deep well that is shareable installed in recent years. The adjoining 10-acre parcel above the house would make a lovely site for a new custom home or preserve it with for maximum privacy. Some TCL will go a long way with this spacious home that can be remodeled to suit your taste. Plans were in place for converting the third bedroom into a new master bathroom that opened to an outdoor spa in the back yard. The property is situated on a historic horse pass where Theodore Kraft of Kraft Foods and his wife Myrtle built their getaway. National forest land borders the parcels, and the seasonal creek is accessible by foot. Amenities like the Portal Peak Store and Cafe and the post office are within walking distance, and the entrance to Cave Creek Canyon is a couple miles down the road. Must see in person to appreciate the property's location and stunning scenery. Call today!