Scenery and vistas ready for a landmark residence on a dramatic estate amid picturesque boulder outcroppings which can be incorporated into a private enclave. Nearly half of the Eastern side is open for development along the legendary Estancia golf course and pastoral lake, with Pinnacle Peak & city lights views. Expansive NAOS protecting your privacy on the North while at the entrance, an imposing cliff with seasonal waterfall and grotto, amphitheater walls, for the ultimate showcase entry for guests! Secretive areas perfect for a casita or artist's retreat. Like owning your own park. One of Scottsdale's most historic Legacy parcels, the home of Carefree co-founder KT Palmer, who raised his family here for 26 yrs and inspired his book ''For Land's Sake''. Horses ok. Capped Well. Please note, Estancia accepts both resident and non-resident members and offers golf and social memberships. This property could be a perfect site for a home using the concept of "rock engineering," the fitting a home into a site so it looks like it belongs there. Perfected by architect Gerry Jones, who taught extreme terrain building at Taliesin for 17 years. Carefree and N. Scottsdale have some astonishing examples of homes like this, such as Boulder Reign, featured in two major movies, or the Boulder House. Watch the short video that's up on MLS on Building tips.Well registry number: 55-803595. Well is registered under parcel 216-85-055. "A" was not included as a clerical error. This will be corrected in escrow. There is also a City of Scottsdale water line on the Westend of the property. Owner has a choice or using the well, or hooking up to the water line, but can't do both.