1800 S Penrod Ln, Pinetop, AZ 85935

Property Description

Rare development opportunity in the heart of Pinetop-Lakeside! Aspen Meadows offers approximately 45 acres with an approved PUD and the flexibility to purchase all or a portion of the property. The approved plan includes up to 213 residential units, approximately 8 acres of commercial space, and 14 half-acre residential lots. Significant development work is already in place, including approximately $2.5 million in infrastructure, purchased water rights, and an installed sewer trunk line. Surrounded by popular restaurants, shopping, grocery stores, and year-round recreation, this central location is positioned to serve both residents and visitors. Pinetop-Lakeside is celebrated for its cool summers, four-season mountain lifestyle, nearby lakes and trails, and convenient access to Sunrise Park Resort. An exceptional opportunity for residential, commercial, or mixed-use development in one of the White Mountains' most desirable communities. Buyer to verify all approvals, utilities, zoning, and development details.