Recently Delivered Scottsdale Rental Property Trades for $32.75M
55 Resort Scottsdale, a recently completed 104-unit luxury adult apartment property in Scottsdale, has been sold for $32.75 million. The development, located at 9449 N. 90th St., is situated within the McCormick Ranch master plan community.
DEM purchased the property from Velocis Edison McCormick. Matt Roach, Chris Roach, Brad Cooke and Cindy Cooke of the Cooke Multifamily Team at Colliers handled the transaction.
55 Resort Scottsdale, completed in 2025, is the first multifamily development to be constructed within McCormick Ranch in the past 30 years. McCormick Ranch, one of Scottsdale’s first master planned communities, is comprised of 4,200 acres and is home to 27,000 residents. The area features 10 scenic lakes, two golf courses and 25 miles of walking/biking paths.
Amenities include a resident lounge, community bar, and an inviting fireplace within the Clubhouse. A fitness center, pool and spa, wellness studio and space for group yoga, fitness and health-related programs are also on-site.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout