Wow, answers across the board huh?
I think we need to clarify this question just a bit in order to generalize this enough for you to get some kind of meaning out of all the answers you are receiving.
Going in, here's what you are facing.
You can build a cheap home with limited upgrades or you can build a luxury home with multiple features.
The price really depends on what kind of home you want to have at the end of the build.
Here's what you are going to find out with a little bit more investigation. Check out the home builders sights on line and look at what they are selling price per square foot average and be sure to look for spec inventory just sitting there waiting for someone to buy.
What you will likely discover is that you can buy a new inventory home for much less than building a new one and there are also luxury foreclosure homes available to save you even more money and they are built on some very nice lots, some with views.
Since you are looking in 85255, check out some of the Toll Brothers communities in that zip code.
There are a lot of great home builders out there. Some are going away and some are still around.
Here is an updated list for you to check them out to see who is having problems:
Also, I do have two homes in 85262 listed on my Trula profile page you might be interested in depending on
how large a home you need. The price averages for those custom homes are 315 per square foot and 380 per square foot. this might at least give you something to compare to. Both were just finished.
I have been living in North Scottsdale for 10 years and vacationing here for 20 before that so knowledge of the area is no problem.
All The Best To You!
Inspire Realty Group - Keller Williams
2008-2009 Master of Real Estate award recipient