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
Experience AZ: 5 Golf Course Restaurants To Try | Living In Phoenix Arizon - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageExperience AZ: 5 Golf Course Restaurants To Try | Living In Phoenix Arizon
Builders Continue Shift To Condos And Townhomes Amidst Affordability Crisis | Living In Phoenix Arizona - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageBuilders Continue Shift To Condos And Townhomes Amidst Affordability Crisis | Living In Phoenix Arizona
Pierson Villa Apartments | Vestis Group | Phoenix Multifamily Sale605 W Pierson LLP Acquires Pierson Villa Apartments In Phoenix For $568K
Vestis Group Brokers 56-Unit Mesa Arizona Multifamily Apartment Community for $3,400,000 - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageVestis Group Brokers 56-Unit Mesa Arizona Multifamily Apartment Community for $3,400,000
Phoenix Remains No. 1 Among U.S. Industrial Development Markets | Living In Phoenix Arizona - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokeragePhoenix Remains No. 1 Among U.S. Industrial Development Markets | Living In Phoenix Arizona
Experience AZ: 10 Italian Restaurants To Try | Living In Phoenix Arizona - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageExperience AZ: 10 Italian Restaurants To Try | Living In Phoenix Arizona
Number Of Phoenix Millionaires Renting Surges 500% Since Pandemic | Living In Phoenix Arizona - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageNumber Of Phoenix Millionaires Renting Surges 500% Since Pandemic | Living In Phoenix Arizona
Top 4 Best Breakfast Restaurants In Scottsdale AZ | Living In Scottsdale, Arizona - Natan Jacobs Real Estate Group | Multifamily Real Estate BrokerageTop 4 Best Breakfast Restaurants In Scottsdale AZ | Living In Scottsdale, Arizona
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