Hilltop Acreage in North Scottsdale Heads to Auction Block

The address for the nearly 7-acre parcel in the mountains above Scottsdale says it all: Hideaway Lane. The land will be sold at auction this weekend.

An undisclosed owner has listed the 6.7 acres that could hold a 60,000-square-foot mansion at 11400 East Hideaway Lane #1870A within gated Silverleaf, in north Scottsdale, AZCentral reported.

Elite Auctions will accept bids starting at 11 a.m. Saturday, April 6. Remote bids will be taken by phone. There’s no reserve price.

The property can house a 60,000-square-foot estate, or be subdivided into two home lots, according to the auction site.

Bordered by the private McDowell Mountain Sonoran Preserve, with numerous hiking trails, it’s billed as the highest point in north Scottsdale, with panoramic views of the Sonoran desert and the Valley of the Sun below.

Mansions in Silverleaf have sold for more than $25 million, according to AZCentral.

The million-dollar-plus home market in greater Phoenix didn’t slow like the rest of the Valley’s housing market when interest rates climbed last year. Scottsdale is still a seller’s market, according to The Cromford Report.

“With its incredible location within the Summit at Silverleaf community, 11400 East Hideaway Lane represents a rare opportunity to own and develop a piece of paradise in one of Arizona’s most coveted private communities,” Randy Haddaway, CEO of Elite Auctions, told the news site run by the Arizona Republic.

In January, a couple paid a record $7 million for 16 acres at 10640 East Diamond Rim Drive, in Silverleaf’s gated Horseshoe Canyon. The deal worked out to $437,500 per acre.

The exclusive community lies behind The Silverleaf Club, with its Tom Wieskopf-designed golf course.

In June 2022, a couple building a 17,300-square-foot mansion in Scottsdale’s Silverleaf listed the 2-acre estate for $32 million. The home was slated to be completed this year.

Silverleaf lies in the foothills of the McDowell Mountains and is where a home sold for $28.1 million — the state’s most expensive sale as of 2022. Another home there sold for $24.1 million in 2020.

— Dana Bartholomew