$15,000,000
Sedona, AZ 86336
MLS# 7022435
4 beds | 3 baths

1 / 71
Property Description
This is likely one of the most rare, sacred and special properties ever offered in Sedona. A once-in-a-generation opportunity of this caliber may never come available again. Comprehensive Offering Memorandum and Deal Room access available upon request. A unique opportunity including a custom stone residence with a city-approved subdivision. Located in the heart of Uptown Sedona, The historic Gassaway Estate offers a ''finish the vision'' opportunity for investors, builders, or end users. The existing home features exposed beam ceilings, dramatic stone fireplace, and private courtyard design. The property is part of Red Rock Creek, a platted subdivision approved for at least 9 additional homesites, creating significant development potential. Click on MORE to read more about the property.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $15,000,000
Status: Active
Current Price: $15,000,000
List Date: 2026-05-01
Location, Tax & Legal
Assessor's Map #: 82
Legal Description (Abbrev): SUBDIVISION: RED ROCK CREEK RED ROCK CREEK BUILDING ENVELOPE 10 SIXTEENTH: SW QUARTER: SW SECTION: 0
Assessor's Parcel #: 10
Tax Municipality: Sedona
Taxes: 4441
House Number: 35
Street Name: GASSAWAY
St Suffix: Place
City/Town Code: Sedona
State/Province: AZ
Zip Code: 86336
Country: US
County Code: Coconino
Assessor Number: 401-82-010
Subdivision: RED ROCK CREEK
Tax Year: 2025
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 1
Full Bathrooms: 3
Half Bathrooms: 0
Approx SQFT: 3772
Price/SqFt: 3976.67
Approx Lot SqFt: 204296
Approx Lot Acres: 4.69
Flood Zone: TBD
Horses: N
Builder Name: Gassaway
Lead Based Hazard Disclosure: Yes
Elementary School District: Sedona-Oak Creek JUSD #9
High School District: Sedona-Oak Creek JUSD #9
Elementary School: West Sedona Elementary School
Jr. High School: Sedona Red Rock Junior/Senior High School
High School: Sedona Red Rock Junior/Senior High School
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: 4
Dwelling Type: Single Family Residence
Exterior Stories: 1
# Bedrooms: 4
Total Bathrooms: 3
Year Built: 1962
Legal Info
Range: 06E
Section: 08
Township: 17N
Lot Number: 10
Special Listing Cond
N/A: 1
Construction
Block: 1
Stone: 1
Wood Frame: 1
Const - Finish
Stone: 1
Roofing
Composition: 1
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
Combo: 1
Architecture
Other: 1
Master Bathroom
Other (See Remarks): 1
Fireplace Features
Wood Burning: 1
Other: 1
Flooring
Concrete: 1
Wood: 1
Dining Area
Other (See Remarks): 1
Heating
Other: 1
View
City: 1
Creek/Stream: 1
Panoramic: 1
Red Rocks/Boulders: 1
Trees/Woods: 1
Mountain(s): 1
Kitchen Features
None: 1
Cooling
Other: 1
Laundry
None: 1
Basement
Basement Y/N: N
Other Rooms
Family Room: 1
Great Room: 1
Bonus/Game Room: 1
Separate Den/Office
Sep Den/Office Y/N: Y
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Fencing
None: 1
Water Source
Private Well: 1
Exterior Features
Covered Patio(s): 1
Patio: 1
Spa
None: 1
Sewer
Other: 1
Parking Spaces
Slab Parking Spaces: 2
Total Covered Spaces: 2
Carport Spaces: 2
Parking Features
Detached Garage: 1
New Financing
Cash: 1
Cash to Loan: 1
Utilities
APS: 1
Existing 1st Loan
Other (See Remarks): 1
Property Description
Borders Preserve/Public Land: 1
Landscaping
Natural Desert Front: 1
Natural Desert Back: 1
Contact Info
List Agent Home Phn: 928-300-9626
Disclosures
Seller Discl Avail: 1
Well Disclosure: 1
Possession
Close of Escrow: 1
Association Fee Incl
No Fees: 1
Assoc Rules/Info
None: 1
Remarks Misc
Cross Street: Schnebly Hill Rd and Gassaway Place
Directions: State Route 179 to the Schnebly Hill Rd Roundabout. Exit the roundabout, head north on Schnebly Hill Road. Continue for a very short distance (just past the roundabout). Property is located on the east side, backing to National Forest. Look for sign and private entry gate.
Geo Lat: 34.862754
Geo Lon: -111.760077
Property Features
Special Listing Cond: N/A
Architecture: Other
View: Creek/Stream; Panoramic; Red Rocks/Boulders; Trees/Woods; Mountain(s)
Master Bathroom: Other (See Remarks)
Fireplace Features: Wood Burning; Other
Flooring: Concrete; Wood
Spa: None
Dining Area: Other (See Remarks)
Kitchen Features: None
Laundry: None
Other Rooms: Family Room; Great Room; Bonus/Game Room
Exterior Features: Covered Patio(s); Patio
Parking Features: Detached Garage
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Construction: Block; Stone; Wood Frame
Const - Finish: Stone
Roofing: Composition
Cooling: Other
Heating: Other
Utilities: APS
Water Source: Private Well
Sewer: Other
Fencing: None
Property Description: Borders Preserve/Public Land
Landscaping: Natural Desert Front; Natural Desert Back
Showing Notification Methods: Text; Phone Call
Lockbox Type: Combo
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Other (See Remarks)
New Financing: Cash; Cash to Loan
Disclosures: Seller Discl Avail; Well Disclosure
Supplements
Ideal for a private estate, boutique luxury development, or hybrid investment. Adjacent to National Forest, hiking and biking, this historical residence known as the "Gassaway Estate" was constructed for local businessman Frank Gassaway from locally sourced native Sedona "red rock", employing Native American labor guided by Italian Stonemasons. The massive stone home combines native and Art Deco features Its elevation controls an overlook of Oak Creek, surrounded by Sedona's world famous monumental red rocks, and boasting a National Forest boundary. These factors set it apart from any other view or acreage property in Sedona. Adding to the points already described the home also features a Native American/Saltillo influenced rug executed by the laborers and stonemasons (in a gesture of thanks to Frank Gassaway) in hand-painted tile at the great room's hearth. Both then and now the hearth is the home. The rug is the singular design statement of the home as spiritual sanctuary. A truly unique Sedona offering, the Gassaway Estate combines history, land, and opportunity into one of the most compelling properties currently available in the market. Known as the Gassaway House, this residence is recognized as an Official Historic Landmark in Sedona, a designation that reflects its unique place in the area's cultural and architectural heritage. Set on a private hillside in the heart of Uptown Sedona, the property captures sweeping red rock views and a sense of tranquility that is immediately felt upon arrival. There is a natural stillness here. A calming, almost spiritual quality that aligns with what has drawn people to Sedona for generations. Surrounded by mature vegetation and iconic landscape, the setting offers both privacy and connection to nature, creating an environment that feels peaceful, grounded, and inspiring. The existing residence is a custom hand-laid stone home featuring exposed beam ceilings, authentic masonry, and a layout designed to embrace indoor-outdoor living. Large windows, multiple access points to exterior spaces, and a central fireplace anchor the home, providing a strong architectural foundation for a future vision. This is a "finish the vision" opportunity, allowing the next owner to complete a truly special residence while preserving and enhancing its historic character. Beyond the home, the property is part of Red Rock Creek, a platted and city-approved subdivision offering additional homesite potential. Buyer to verify. Explore the development potential of a boutique luxury enclave in a market where entitled land is exceptionally limited. The flexibility to create a multi-generational compound, private retreat, or thoughtfully designed residential community sets this property apart. Located just minutes from Uptown Sedona's shopping, dining, art galleries, resorts and outdoor recreation, the historic Gassaway Estate offers the rare combination of seclusion and accessibility. Whether envisioned as a legacy estate, investment opportunity, or a place to create something truly meaningful, this property represents a one-of-a-kind chance to own a piece of Sedona's past while shaping its future. Among the most rare and extraordinary offerings in Sedona, this is a truly special property. An opportunity that may never present itself again.
Room Information
| Room Name | Length | Width | Level | Remarks |
| Great Room | 30.00 | 40.00 | Main | Approximate |
Listing Office: Posterity 44 LLC
Last Updated: May - 02 - 2026
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