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
10 Of The Best Team-Building Activities In Arizona | Living In Phoenix Arizona
Here Are The Arizona Cities With The Most Affordable Rent | Living In Phoenix Arizona
Here’s How The Pandemic Changed Home Buying | Living In Phoenix Arizona
Vestis Group Sells Midtown Phoenix Multifamily Apartment ComplexVestis Group Sells Midtown Phoenix Apartments For $142,308 Per Unit
4222 Biltmore Multifamily Site, Phoenix, AZVestis Group Completes Sale Of Phoenix Multifamily Land Near Biltmore
Experience AZ: 10 Romantic Restaurants To Try | Living In Phoenix Arizona
Phoenix Ranks No. 3 For Largest Industrial Pipeline In U.S. | Living In Phoenix Arizona
How Phoenix Has Evolved Into A Region Ripe For Innovation | Living In Phoenix Arizona
8 Arizona Restaurants Make Yelp’s Top 100 Taco Spots Of 2025How The Southwest Is The Proving Ground For The American Dream