$15,000,000

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… Read More 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. 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. Conceptual Renders * Some images in photos and the slideshow video are conceptual renderings created to illustrate the property's development potential. They do not represent actual construction. Read Less

Courtesy of Posterity 44 LLC 928-202-2720

Listing Snapshot

Days Online

174

Last Updated

Oct 23, 2026

Property Type

Single Family Residence

Beds

Full Baths

Square Ft.

3,772

Lot Size

4.69 Acres

Year Built

1962

MLS Number

7022435

Additional Details

Property Access

Road Responsibility: City Maintained Road, Road Surface: Asphalt

Building

Built in 1962, Living area: 3772, 1 storey, Construction Materials: Stone, Wood Frame, Block

Disclosures

Seller Discl Avail, Well Disclosure

Exterior Features

Patio/Porch Features: Covered Patio(s), Patio

Fence

None

Fireplaces

4 fireplaces, Wood Burning

Floors

Wood, Concrete

Home Owner's Association

Fee Includes: No Fees

Laundry

None

Lot

4.69 acres, Borders Preserve/Public Land, Natural Desert Back, Natural Desert Front

Parking

2 carport spaces, 2 covered spaces, 2 open parking spaces, Detached Garage

Property

City, Creek/Stream, Panoramic, Red Rocks/Boulders, Trees/Woods, Mountain(s)

Roof

Composition

Taxes

Parcel Number: 401-82-010, Public Survey Range: 06E, Public Survey Section: 08, Annual Amount: $4,441, Tax Book Number: 401.00, Legal Description: SUBDIVISION: RED ROCK CREEK RED ROCK CREEK BUILDING ENVELOPE 10 SIXTEENTH: SW QUARTER: SW SECTION: 0, Lot: 10, Map Number: 82.00, Year: 2025

Utilities

Water Source: Private Well

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

35 GASSAWAY Place

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

Sitemap

Get in touch