The Most Expensive Home sold in Arizona last week

By
Real Estate Broker/Owner with Zion Realty
https://activerain.com/droplet/4KMM

Only a handful of properties each year in the Phoenix area come up for sale that are a cut above the rest. They are true luxury at it's finest. The most expensive home that sold in Arizona last week was one of these magnificent mansions. Constructed in 2013 and listed as having a total living space of 22,215 square feet, this JR Mcdade Company built property sold for $7.315 Million dollars. What was also a rarity in the luxury home selling market is that this palatial estate was sold by auction through DeCaro Luxury Auctions. There was no reserve set and no minimum bid. The original list price was set at over $16 Million dollars back in 2014 so it seems like almost a steal for the new owner to have walked away paying cash for less than half of that asking price. 

Located on almost 3-acres of exclusive land in Paradise Valley, there is no end to the lavish upgrades to be enjoyed at this home. Inside and out it's hard not to get the impression that you are living in a resort instead of a house. Every room has a unique feature or focal point. The twenty foot ceiling in the master bathroom shower and private outdoor courtyard off of the master bedroom which includes a walk in spa and fireplace are just some of the rare and exclusive features that you don't even find in other luxury properties. The indoor basketball court, resort style pool with a lazy river, and 5,000 square foot guest house are more of the unique and posh and extravagant elements of this incredible propety. Click on the picture below for the full MLS listing:

Location: Paradise Valley

Size: 22,215 sqft

Bedrooms: 11

Bathrooms: 12.5

Lot size: 125,152 sqft

 

 

If you are in the luxury home market and want a list of luxury homes available in Arizona, contact us at ZionRealtyAZ.comWe'd love to help you find your dream home!

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Rainer
112,617
Vera Gonzalez
RE/MAX Suburban, Inc. - Sterling Heights, MI
Gonzo For Real Estate

That is a beauty Nicole Doty - Gilbert Real Estate Expert . 12.5 baths and 11 bedrooms. Holy Moly. 

Nov 03, 2015 12:47 AM #1
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Over 22,000 square feet is really a large complex, let alone house Nicole Doty - Gilbert Real Estate Expert 

Nov 03, 2015 12:50 AM #2
Rainmaker
1,493,657
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Nicole, that is one nice compound! Based on what it was listed for, new owner got a great deal.

Nov 03, 2015 01:04 AM #3
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

WOW!  I'd lose my future ex-husband in that place.   Hmmmmm.....now there's a thought.

Nov 03, 2015 01:11 AM #4
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nicole I love seeing the homes in your "Most Expensive Home Sold In Arizona" blogs each week.  This house however could pass off as a Hotel :)

Nov 03, 2015 01:48 AM #5
Rainmaker
3,015,109
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Nicole... this is resort-style living, for sure. Of course, what one does with 22,000+ square feet is mystery to me (and I'm used to living in large houses!).

Nov 03, 2015 03:13 AM #6
Rainmaker
679,919
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Vera - It's a whopper!

Paul - There seems to be no end to the space that home has!

Beth - I think so. It's a 9 million dollar savings from a year ago!

Roger - You could lose a lot of things in that place!

George - With the right re-zone maybe they could use it for that!

Nina - You fill it with stuff that you'll probably never use and don't need anyways. 

Nov 03, 2015 05:16 AM #7
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Nicole - The features and finishes on that home are spectacular, and at 22,000 sq.ft., seems to have been a pretty good buy for the price. We've had very little experience with auctions here, and never for a home like this. Thanks for this fun weekly post.

Nov 03, 2015 05:46 AM #8
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I want to move into the 6th picture of the listing.  That outdoor shot of the pool at sunset is amazing.

Nov 03, 2015 05:48 AM #9
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Nicole - that seems like much more than a house.  More like the Camelback resort hotel.

Nov 03, 2015 05:53 AM #10
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Nicole, this is quite some home! I guess when you have a home with eleven bedrooms and 12 and a half baths, you'll have a few people do the housekeeping as well.

Nov 03, 2015 08:53 AM #11
Rainmaker
3,246,897
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nicole

The most expensive home in Arizona this is a great example of ultra luxury living.

Good luck and success.

Lou Ludwig

Nov 03, 2015 10:01 AM #12
Rainmaker
3,186,420
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nichole I could have sworn I commented on this post earlier today....anyway can you imagine what this home would have sold in my market?:))Endre

Nov 03, 2015 03:02 PM #13
Rainmaker
1,518,492
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Ashburn, VA
Alexandria Virginia Homes For Sale

Nicole, this is my favorite luxury home you've posted so far - even though it's massive it still looks inviting and the landscaping is perfect. I really enjoy your most expensive home series. 

Nov 03, 2015 08:50 PM #14
Rainmaker
1,143,921
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Cash is king and when you have it and an opportunity comes along you can get some fantastic deals just like this!

Nov 04, 2015 04:48 AM #15
Rainmaker
679,919
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Dick - Auctions aren't a big part of real estate here either so it's surprising that's the route this home went. 

Chris Ann - That backyard as a whole is amazing!

Grant - You're not kidding! 

Silvia - I'm guessing the new owners will have a little extra money to pay for a housecleaner. 

Lou - Ultra-luxury living indeed!

Nov 04, 2015 07:16 AM #16
Rainmaker
679,919
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Endre - What do you think? Would it have gone for $30 million or more?

Amanda - It is actually the most expensive home and the biggest home in the series so far. 

David - I can't believe they got it for less than half of what it was listed for just a year ago!

Nov 04, 2015 07:19 AM #17
Rainmaker
2,486,716
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Definitely a luxurious home. I would get lost in this house and would need to keep a map closeby :)

Nov 04, 2015 11:48 AM #18
Rainmaker
3,270,372
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Nicole -- impressive doesn't seem to be enough of a description to express the amenities in this home.   

Nov 05, 2015 11:00 PM #19
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Rainmaker
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Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty ZionRealtyAZ.com
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