- For sale
Senior housing land for sale, approved for 60 units of assisted living/memory care. Land consists of 5.0 gross acres (4.23 net acres) and is located at 4302 E. Lone Mountain Road in Cave Creek, Arizona. Sale price is $1.35 million ($22,500 per unit). $220,000 below appraised value.
Cave Creek is a town in the Sonoran Desert totaling 28.2 square miles of land, according to the United States Census Bureau. It is adjacent to the town of Carefree and shares local landmark Black Mountain with Carefree.
As of 2017, Cave Creek’s population was 5,423, according to Census estimates which marks a 10 percent increase from 2010. Median age for Cave Creek is 57.5, significantly higher than Phoenix MSA’s 35 median age.
Median household income in Cave Creek is also significantly higher than the Phoenix MSA at $91,500.