Scottsdale On Main Sells For A Whopping $555,462 Per Unit - Natan Jacobs Real Estate Group | Multifamily Real Estate Brokerage

Scottsdale On Main Sells For A Whopping $555,462 Per Unit

SCOTTSDALE ON MAIN SELLS FOR A WHOPPING $555,462 PER UNIT

PHOENIX ARIZONA REAL ESTATE

Scottsdale On Main Sells For A Whopping $555,462 Per Unit

 

By AZBigMedia, azbigmedia.com | October 11, 2025

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale and financing of Scottsdale on Main, a 119-unit, luxury midrise multifamily asset in Scottsdale, Arizona. The $66.1 million sales price represents $555,462 per unit.

“Scottsdale on Main was constructed as a monument to Downtown Scottsdale’s luxury reputation, emblematic of its exclusivity, affluence, and unmatched lifestyle,” said Steve Gebing, IPA executive managing director. “The property is one of only 11 multifamily assets with 100 or more units constructed over the last 25 years in a location that benefits from the competitive shelter of future multifamily supply.” Gebing and Cliff David, IPA executive director, represented the seller, Baron Properties, and procured the buyer, Goodman Real Estate.

Located along Main Street, the building is a short walk from Scottsdale Fashion Square, the Scottsdale Waterfront, and an exclusive list of restaurants in Old Town Scottsdale. The Arts District, The 5th Avenue Shopping District, and the Entertainment District are close by as well.

Completed in 2024, Scottsdale on Main’s mid-rise, four-over-one podium construction, north-facing floor plans, and abundant amenity spaces offer unobstructed views of Camelback Mountain. The building has air-conditioned interior corridors, two elevators, and a designer-appointed leasing office with floor-to-ceiling windows. Community amenities include a resort-inspired swimming pool and a rooftop deck with a covered outdoor kitchen and lounge. Apartments have 10-to-12-foot ceilings, wine refrigerators, oversized pantries, and walk-in showers. The average unit size is 872 square feet.

“Scottsdale on Main was constructed as a monument to Downtown Scottsdale’s luxury reputation, emblematic of its exclusivity, affluence, and unmatched lifestyle,” said Steve Gebing, IPA executive managing director. “The property is one of only 11 multifamily assets with 100 or more units constructed over the last 25 years in a location that benefits from the competitive shelter of future multifamily supply.” Gebing and Cliff David, IPA executive director, represented the seller, Baron Properties, and procured the buyer, Goodman Real Estate.

Located along Main Street, the building is a short walk from Scottsdale Fashion Square, the Scottsdale Waterfront, and an exclusive list of restaurants in Old Town Scottsdale. The Arts District, The 5th Avenue Shopping District, and the Entertainment District are close by as well.

Completed in 2024, Scottsdale on Main’s mid-rise, four-over-one podium construction, north-facing floor plans, and abundant amenity spaces offer unobstructed views of Camelback Mountain. The building has air-conditioned interior corridors, two elevators, and a designer-appointed leasing office with floor-to-ceiling windows. Community amenities include a resort-inspired swimming pool and a rooftop deck with a covered outdoor kitchen and lounge. Apartments have 10-to-12-foot ceilings, wine refrigerators, oversized pantries, and walk-in showers. The average unit size is 872 square feet.

– more at azbigmedia.com

Thinking about investing in Phoenix real estate? Have a property to sell in Arizona? Let’s work together.

Connect with us to buy, sell, or lease multifamily, residential and commercial real estate in Phoenix, and across Arizona. 

Tell us what you’re searching for.

 

Natan Jacobs, Vestis Group

Call: 602-281-6202

Email: Info@Vestis-Group.com

 

 

 

 

 

 

You might also like
605 W Pierson St, Phoenix, AZ 85013 | Vestis Group | SOLDHow Old Apartments Are Getting New Life In Central Phoenix
Here Is The Annual Cost Of A Car Commute In Metro Phoenix | Living In Phoenix Arizona - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageHere Is The Annual Cost Of A Car Commute In Metro Phoenix | Living In Phoenix Arizona
FOR SALE | FIND YOUR NEXT INVESTMENT | VESTIS GROUPVestis Group Brokers Phoenix Office Building Sale for $825,000 / $380 PSF | Living In Phoenix Arizona
Top 10 Most Competitive Housing Markets In Arizona - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageTop 10 Most Competitive Housing Markets In Arizona
Commercial Real Estate Investors Turn Bullish: Here’s Why - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageCommercial Real Estate Investors Turn Bullish: Here’s Why
Vestis Group | Phoenix Multifamily | Brokerage | Investments | Development5th And Hardy LP Acquires 1 Acre Of Land In Tempe For $835K
15 Fun-Filled Ways To Celebrate Cinco De Mayo In Metro Phoenix | Living In Phoenix Arizona - Natan Jacobs Real Estate Group | Multifamily Real Estate Brokerage15 Fun-Filled Ways To Celebrate Cinco De Mayo In Metro Phoenix | Living In Phoenix Arizona
4th Avenue Lofts | Vestis Group | Phoenix Multifamily For Sale4th Avenue Lofts, 12-Units | Phoenix Multifamily For Sale
8 Arizona Restaurants Make Yelp’s Top 100 Taco Spots Of 20258 Arizona Restaurants Make Yelp’s Top 100 Taco Spots Of 2025 - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageHow The Southwest Is The Proving Ground For The American Dream - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageHow The Southwest Is The Proving Ground For The American Dream