How Will AirBnB and Home Sharing Affect Your Neighborhood?

Regulated Home Sharing Begins in Arizona

A new law aimed at regulating short term rentals in Arizona through venues like Airbnb and others went into effect on January 1, 2017.  Arizona isn’t the first state to try to get a handle on how to regulate the sharing economy. Instead of taking a heavy-handed regulatory approach, the law is allowing open competition aimed at innovating and competing.  According  to Christopher Koopman, a senior research fellow at the Mercatus Center at George Mason University, this model of regulation has the potential to allow a windfall of tax revenue to the state and cities, although it is still too early to tell what to expect exactly.

Concerns About Legal Home Sharing

Executive Director Ken Strobeck of The League of Arizona Cities and Towns and Mark Stapp, Executive Director of the Masters of Real Estate Development program at ASU, shared some of the concerns that were taken into account as the law worked its way through the Legislature last year:

  1. Homeowners are concerned that the quality of their neighborhoods will be negatively affected.  Residential neighborhoods will be turned into hotels and party houses.
  2. A cluster of short term rentals in one area will change the land use which will change the feel of the neighborhood.
  3. There has not been a study of crime rates in a neighborhood in relation to Airbnb and such short term rentals.
  4. More strangers would be in the neighborhood.
  5. Mark Stapp mentioned that it could impact the affordability of rental housing.

The cities that will be most impacted by the industry are those that have the highest tourist rates and attractions.  Sedona and Scottsdale had ordinances on the local books that prohibited short term rentals.  However, looking over the short term rental industry sites showed a large amount of activity in these cities anyway.  So, the aim is to recognize reality and impose at least minimal regulation.

Compromise in Legislation

As the law went through the Legislature there had to be a compromise.  The main concern is not ruining the character of neighborhoods.  The legislation includes ordinances that have the ability to make sure that the rentals are not a nuisance including regulations on noise, parking, the number of people allowed at the site as well as having a local contact number for the site and not just a phone number in San Francisco.

As far as tax revenues go, short term rentals have never been legally permitted so it is all a learning process.  The law requires that all participants be licensed.  It also requires Airbnb to paying the taxes to the state and not the homeowners.  The tax rate is comparable to transit lodging taxes, which are higher than retail tax.  However, there may be a trade off with more calls for public service and use of public works.  There is also a concern among conventional hotels and an impact to loss of bed tax.

Regulation by Individuals

Something to be aware of is that private regulations including deed restrictions have nothing to do with the state law and can allow individuals to group together to regulate the industry in their neighborhood.

Though there will always be concerns, the overall outlook very positive. Mark Stapp stated that he hasn’t seen anything negative about it and believes it is a good thing.  He says the industry will creative attractiveness to Arizona and attractiveness to the area is always a goal.

What Are Your Thoughts?

To listen to the entire radio interview and view the source click here:  http://kjzz.org/content/415887/new-home-sharing-law-takes-effect-arizona

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7424 N 61st Street Paradise Valley, AZ 85253

$16,400,000
5 Beds
5 Baths
8,190 SqFt
Status Active
MLS # 6757565
Property Type Single Family Residence
Price Type --
Challenging the essence of luxury design, this extraordinary 8,200 sq. ft. estate will sit on the most coveted view lot in Paradise Valley. A masterpiece redefining ultra-high-end living, it offers an architectural marvel that cannot be replicated. Crafted by award-winning STRATTON ARCHITECTS, this home features bold, soaring 24-foot-high glass walls that perfectly frame panoramic views of Mummy Mountain. Step inside to unparalleled interiors by MARA Design, where opulence and sophistication fuse through daring, exquisite finishes. This visionary design will be brought to life by multi-award-winning BEDBROCK DEVELOPERS with over 200 luxury homes built and reputation for building the most prized estates in Paradise Valley. Now PERMIT-READY —LET'S BUILD YOUR DREAM! This exclusive residence includes elite BEDBROCK CONCIERGE service, ensuring the home remains in impeccable condition. Set on a flat lot free from hillside regulations, it promises a seamless building experience. Words alone cannot capture this over-the-top design. Explore the renderings in the photos and documents section to immerse yourself in what could be your future sanctuary.

7140 N 40th Street Unit 12 Paradise Valley, AZ 85253

$16,200,000
4 Beds
6 Baths
8,132 SqFt
Status Active
MLS # 6672341
Property Type Single Family Residence
Price Type --
NOW SCHEDULING HARD HAT TOURS! Discover unparalleled privacy and serenity with the Jade residence in Crown Canyon, Arizona's most exclusive gated community under development by renowned builder BedBrock Developers. This award-winning ultra luxury home with architect CP Drewett and interior designer Mara Green is a true masterpiece. Its distinctive Frank Lloyd Wright inspired triangular form features primary living on the main level with soaring 19-foot ceilings that ascend to an impressive 24 feet encapsulated in glass. A grand staircase, or elevator for ease, takes you to the lower level with two secondary en-suite bedrooms, an oversized game/family room complete with a bar, and a separate fitness room. A detached casita perched above the four-car garage rests seamlessly on the hillside, offering a private retreat for guest. Sprawling outdoor decks, fireplaces and an outdoor kitchen surround the infinity pool and spa capturing 250 degree views of the raw desert landscape. This one-of-a-kind home is customized with premium materials and appliances, showcasing a steel construction and meticulous attention to detail throughout. Discover the exquisite allure of Crown Canyon, a secluded and untouched 30-acre enclave in the prestigious community of Paradise Valley. Nestled within a breathtaking mountain preserve, this is home to 12 exceptional luxury residences. Meticulously designed by renowned architects, these one-of-a-kind homes embrace the natural beauty of the surroundings, maximizing the captivating views and unique topography of each homesite. Experience tranquility, seclusion, and utmost security within this gated haven, ensuring unparalleled peace of mind.

12390 E Triple T Lane Prescott Valley, AZ 86315

$15,958,650
6 Beds
10 Baths
11,400 SqFt
Status Active
MLS # 6750027
Property Type Single Family Residence
Price Type --
Discover an unparalleled opportunity on 206.75 exquisite acres in the heart of Prescott Ridge, a prestigious gated community in Prescott Valley. This extraordinary property is arguably the most coveted in the region, offering endless opportunity and unmatched luxury. The main residence spans 11,400 square feet of custom construction, exuding elegant Western ranch style and boasting spectacular awe inspiring panoramic views in every direction from its unique location atop the tallest peak in the prestigious Prescott Ridge development. See documents for full description. The home's stunning interiors are adorned with natural stone, beveled travertine floors, and custom window treatments featuring numerous gas fireplaces, art niches, six guest ensuites of the ten bathrooms, as well as a Sonos sound and intercom system. Additionally, there is ample space for a dozen or more vehicles in the multiple garages and exterior parking for dozens more. Perfect for all your visitors and/or toys. The grand foyer instantly impresses with a brick barrel vault ceiling and indirect lighting, while the formal dining room showcases a stately coffered ceiling. The gourmet kitchen is a chef's dream featuring Poplar custom cabinetry, black granite countertops, dual Sub-Zero refrigerators, dual wall ovens, a large island with a six-burner gas range, a pizza oven, butlers pantry, large breakfast room and views, views, views! The impressive great room is ideal for entertaining with a gas fireplace, stone chimney, a 10 seat wet bar with a copper top, under-bar lighting and stone backsplash. Enjoy cinematic experiences in your own theater equipped with a 120 high-definition projection system, terraced recliner seating for eight, and auto-draw cinema curtains. Additional luxury amenities include a game entertainment lounge with a kitchenette, pool table, social area and beehive gas fireplace. Off the entertainment lounge is an immense Arizona room that offers a weatherproof glass-enclosed space with paver floors, BBQ grills, a gas fireplace and unparalleled unobstructable views forever! The property's six ensuite guest bedrooms offer comfort and style, each with ¾ baths, walk-in closets, and covered outdoor patios with views. The primary suite is a personal oasis complete with a sitting area, gas fireplace, a private covered patio, a lavish bathroom with his-and-her closets, a spa-like sanctuary with a jetted tub, fireplace and a full steam shower. Adjacent to the primary suite, the glass enclosed gym provides jaw dropping unlimited views, state of the art interactive gym equipment, and a wet bar. The outdoor living is elevated with a fabulous courtyard featuring stunning landscaping, lounging areas, gas fire pits, and a pool/hot tub. Expansive covered patios provide ample shade, while the grand gazebo includes a stone outdoor kitchen, water feature, and retractable screens. Accommodations continue with 3 separate guest quarters, alongside high end horse stables, mare motel pastures, and functional horse facility round pen and eurosizer style equipment all supported by an impressive 50+ GPM well. For more information on equestrian elements, please reach out. The expansive land, adjacent to state trust land, offers paved access and is primed for future development. The seller has completed the engineering process of subdividing the 206.75 acres into additional building sites/lot splits (minimum 10-acre plots). Conveniently located just 20 minutes from Prescott Airport, this property is ideal as a corporate/family retreat or a luxurious equestrian estate with unlimited riding access. If privacy and security are essential, this property answers that need. While only 15 minutes from shopping and dining, access to the property requires passing through two security gates and traversing a half-mile long easily guarded private entry drive. A lower guest apartment along the entry drive provides the opportunity for a final detached security point before reaching the main residence. With the ability to add a helicopter pad, you are a short flight south to Maricopa County or other surrounding areas. The property lies adjacent to State Land to which Prescott Ridge residents enjoy private access through three keyed gates. From there you can explore the Arizona back country on endless dirt roads and riding trails north, east and west into Prescott National Forest. There's even a back way over the Mingus Mountains to historic Jerome. Pack lunch to eat at a scenic spot along the trails or eat at one of the many eclectic restaurants in town. Hop back into your side-by-side and arrive back at your dream home without ever traveling on a paved road between destinations. See documents tab for all personal property included in the sale of this home. This undeniably exceptional estate combines natural beauty, spectacular amenities, and limitless possibilities, offering a rare opportunity to own a coveted dream living experience in one of Prescott's most sought-after locations.

10673 E Wingspan Way Scottsdale, AZ 85255

$15,500,000
6 Beds
8 Baths
11,026 SqFt
Status Active
MLS # 6702795
Property Type Single Family Residence
Price Type --
SILVERLEAF GOLF CLUB MEMBERSHIP OPPORTUNITY! Nestled within the exclusive Upper Canyon of Silverleaf, this privately gated 3.5-acre estate models luxury living. Meticulously renovated, no detail has been overlooked in crafting this exquisite residence. The chef's kitchen seamlessly connects to the family room, offering an exceptional space for entertaining. With 3 en suites and an office in the main house as well as an attached guest casita, complemented by a 4-car garage, this estate provides ample accommodation. Every room boasts stunning city or mountain views, with private courtyards and patios enhancing the indoor-outdoor flow. Other highlights include Crestron home automation, leathered marble countertops, hardwood floors, and timeless Venetian plaster finishes. The gorgeous principal suite features a steam shower, separate tub, dual vanities, dual closets, including it's own washer & dryer, a fitness room and a private secondary office with amenities. A separate 2,677-square-foot stunning guest home boasts a game room with custom pillowed walls, a full kitchen, 2 bedrooms, a bar with zinc countertops, an exterior pool bath, and a 2-car garage. Outdoors, discover a resort-style (and size!) oasis with an infinity pool, spa, multiple fire pits, outdoor fireplaces, ceiling heaters, fountains, and loggias. Don't miss your opportunity to experience unmatched luxury and breathtaking views - truly Arizona living at its finest. SILVERLEAF GOLF MEMBERSHIP OPPORTUNITY!

14 County Road 5309 -- Concho, AZ 85924

$15,000,000
6 Beds
5.5 Baths
5,582 SqFt
Status Active
MLS # 6742858
Property Type Single Family Residence
Price Type --
Combining the Red Rock Bluffs of Sedona and the Lavender Fields and Vineyards of Provence in Southern France, welcome to this established 21 year old vineyard and lavender farm at an elevation of 6,100 feet and over 120 fenced acres is up for sale for the first time! This Estate will provide you everything you could imagine and more. Cottonwoods, Red rock bluffs, stocked fish ponds with docks, water features, barns, a greenhouse and over 12,000 producing vines, 35,000 lavender plants and over 60 developed fruit trees, this lush oasis is an absolute dream away from it all. Although an active turnkey operation as it sits, the capabilities for expansion are endless! Online and on property, active wine and lavender sales. Four kitchens and eight barbecues on site, entertaining and (MORE!) serving others is abundant. All structures are built to be virtually maintenance free with the elements in mind. Each structure has its own septic system and 3 industrial built wells (grandfathered water rights) pumping over 40 GPM. Purchase as it sits to expand as you wish, or as a packaged business. The time has come for you to have your own tasting room, wine label, lavender aromatherapy brand and so much more. With the underground power, fiber optics, heating and cooling, water rights, and multiple structures built, this one of a kind compound is unmatched!

4510 E Maderos Del Cuenta Drive Paradise Valley, AZ 85253

$15,000,000
4 Beds
4.5 Baths
5,470 SqFt
Status Active
MLS # 6651977
Property Type Single Family Residence
Price Type --
Nestled in a secluded cul-de-sac on a naturally elevated acre, this brand-new construction, built by Arcadia Custom Builders with all-steel framing, has four en-suite bedrooms with a separate den and a gym. Carefully sited by Urban Design Associates, the home showcases views of the Camelback Mountain, Phoenix Mountain Preserve, and Mummy Mountain. On the exterior, the combination of stone, low-maintenance stucco, and large picture windows merge with the surrounding natural beauty and landscape by Berghoff Design Associates. Carefully curated by Wolfe Studios drawing on European minimalism, the combinations of limestone, plaster walls, Calacatta Viola marble, and stunning light fixtures transform this home into a space of refinement, a testament to the pursuit of perfection.

7236 N 40th Street Unit 8 Paradise Valley, AZ 85253

$15,000,000
5 Beds
5.5 Baths
8,320 SqFt
Status Active
MLS # 6747637
Property Type Single Family Residence
Price Type --
Discover the Turquoise residence in Crown Canyon, Arizona's most exclusive gated community. Perched on the hillside, the beauty and overall experience of Turquoise is paramount. Designed by Swaback Architects, the home seamlessly integrates with the breathtaking desert landscape. As you approach, you are greeted by a captivating waterfall entry that cascades from a striking 70-foot infinity pool, setting the tone for the elegance that awaits. The moment you step inside, the distant view draws your gaze through an open-concept kitchen and living area, which serves as the central point of the home. The primary suite is split from 3 en-suite bedrooms for ultimate privacy. Floor-to-ceiling windows throughout blur the line between indoor and outdoor living. Descend to the lower level, where the residence transforms into an entertainment haven. Here, a state-of-the-art theatre room, game room with an indoor-outdoor bar, golf simulator and gym make up a majority of the lower level space adjacent to the decadent guest suite and 5 car garage. We welcome you to experience this one-of-a-kind residence! Crown Canyon is a secluded and untouched 30-acre enclave in the prestigious community of Paradise Valley. Nestled within a breathtaking mountain preserve, this is home to 12 exceptional luxury residences. Meticulously designed by renowned architects, these one-of-a-kind homes embrace the natural beauty of the surroundings, maximizing the captivating views and unique topography of each homesite. Experience tranquility, seclusion, and utmost security within this gated haven, ensuring unparalleled peace of mind.

6742 N 48th Street Paradise Valley, AZ 85253

$15,000,000
6 Beds
8 Baths
8,252 SqFt
Status Active
MLS # 6753940
Property Type Single Family Residence
Price Type --
Spectacular Camelback Mountain views on a 3+ acre estate in the heart of Paradise Valley. Built by John Schultz, this home is the epitome of resort style living featuring a main and guest house, pool and spa, tennis court, manicured grounds, walking paths, and a 4-car garage. Great room includes high ceilings, wooden beams, gas fireplace, arched entryways and a wall of windows creating the perfect indoor/outdoor setting. Chef's kitchen features butler's pantry, high end appliances, multiple ovens, kitchen island and formal dining room. Primary suite includes separate sitting room with private entry to the backyard, built-in shelves, fireplace, dual sink vanities, oversized shower, freestanding bathtub, and walk-in custom closet. Backyard showcases guest house, pool and spa, large built-in BBQ area with a fireplace, tennis court, walking path, and mature landscaping with multiple areas to entertain while enjoying your secluded mountain views. Seller has plot map and surveyor's notes on how to split the parcel. Located minutes away from Paradise Valley and Scottsdale's top resorts, golf, dining, and shopping.

7246 N 40th Street Unit 7 Paradise Valley, AZ 85253

$14,850,000
4 Beds
5 Baths
8,250 SqFt
Status Active
MLS # 6726877
Property Type Single Family Residence
Price Type --
Crown Canyon presents Garnet, an award-winning architectural masterpiece under development by esteemed luxury home builder BedBrock Developers. This remarkable design, inspired by the elevated site and terrain, is floating on the hillside within Arizona's most exclusive gated community. The home centers around a two-story great room that seamlessly extends to front and back terraces, providing efficient main-level living and outdoor entertainment areas shaded by cantilevered rooflines. Both levels of the residence offer intimate spaces and stunning views of the Four Peaks, enveloping the residents in the surrounding desert beauty. The material palette is rooted in native colors, drawing hues from the warm sand and exposed rocks of the mountain face. We welcome you to experience the timeless luxury and privacy that the Garnet residence has to offer. Discover the exquisite allure of Crown Canyon, a secluded and untouched 30-acre enclave in the prestigious community of Paradise Valley. Nestled within a breathtaking mountain preserve, this is home to 12 exceptional luxury residences. Meticulously designed by renowned architects, these one-of-a-kind homes embrace the natural beauty of the surroundings, maximizing the captivating views and unique topography of each homesite. Experience tranquility, seclusion, and utmost security within this gated haven, ensuring unparalleled peace of mind.

23036 N Via Ventosa Drive Scottsdale, AZ 85255

$14,500,000
9 Beds
14 Baths
20,088 SqFt
Status Active
MLS # 6752339
Property Type Single Family Residence
Price Type --
Enter a long private drive to this 7 ACRE +/- compound in exclusive Gated Canyon Heights. Situated on a flat parcel w/spectacular Mountain + City Light views, the 20,088 sf, 9 bedrm compound features 2 HOMES w /2 swimming pools, one an OLYMPIC SIZED DIVING POOL w/high + low diving boards, a tennis court, racquetball court, wellness center, putting green, gym and large grass areas. The main house has 6 ensuite bedrms w/spacious living areas, game rm, den, bar, wine rm + movie theater. The separate guest house can function as 2 private apartments on separate floors each w/private kitchens, living areas & patios. The grounds have multiple patios, fireplaces, fountains, walking paths + childrens play areas. With 1 of 3 private bars in the 12 car garages- this is a true private retreat!

10947 E Wingspan Way Scottsdale, AZ 85255

$14,500,000 - 7Br/9Ba -  for Sale in Dc Ranch Parcel 6.14, Scottsdale
Open House
$14,500,000
7 Beds
9 Baths
14,341 SqFt
Status Active
MLS # 6755799
Property Type Single Family Residence
Price Type --
Nestled in the prestigious Upper Canyon of Silverleaf, this magnificent 2.22-acre estate, designed by Candelaria, constructed by Argue Custom Homes, and enhanced by Allhaus, is a testament to luxury living. It boasts breathtaking views of the McDowell Mountains and sweeping vistas of the valley. A dignified French Estate, it is securely positioned beyond the coveted Silverleaf guard gate, down a secluded, private road. As you approach, the serene sounds of an exterior fountain welcome you, setting the stage for the tranquil Scottsdale desert ambiance. The entrance, marked by an impressive limestone arch and exquisite front door, Rich wood beam details, and views leading to a resort-like backyard. The main level offers a variety of entertainment spaces, both formal and informal, including a private office, a luxurious master retreat to the west, and three additional en-suite bedrooms to the east. The formal dining and living rooms feature disappearing glass windows, seamlessly blending indoor and outdoor spaces. These rooms provide stunning views of the sparkling pool and expansive grass area, which descends to a two-bedroom guest house, rivaling the finest resorts in the valley. The bright, French-inspired chef's kitchen is an entertainer's dream. Equipped with top-tier appliances and a private butler's pantry, it's ideal for catered events. The kitchen opens to the family room - a grand room with soaring ceilings, an elegant entertaining bar, and a cozy breakfast nook with a private gas fireplace. The home's west wing is dedicated to the primary suite, beginning with an executive office. The suite features an oversized bedroom overlooking a private jacuzzi and outdoor fireplace. The suite gives a feeling that is reminiscent of the Silverleaf country club with two private bathrooms giving each partner their own generously sized space. The first bathroom you encounter is done in light tones with a standalone tub beside a beautifully decorated fireplace, it also features a large singular vanity, an expansive private closet, and shower that conjoins the two bathrooms. The secondary bathroom is done in darker tones and gives a Ralph Lauren feeling, with a walk-in closet done in dark wood and plaid carpeting. In addition, this portion features a bonus room/study that is the perfect place to rest and watch the game or could be a generous workout/peloton room or third closet. Ascend one of the three staircases to discover the home's entertainment hub, featuring a secondary bar/billiards room with stunning valley views, a private theater with a balcony, and the seventh en-suite bedroom, offering a kitchenette and separate entrance. On the south side of the property your guests can enjoy the beautiful 1,218 SqFt, two bedroom, two bath private casita. The casita features a French inspired kitchen with a La Cornue stove / oven, living room, laundry facilities, outdoor grill and a tranquil dining patio. The estate's grounds are a masterpiece of courtyards, balconies, and patios, blending seamlessly with the desert landscape. The motor court, accessible via a Porte Cochere, includes five spacious garage bays, one converted into an air-conditioned golf simulator - perfect for honing your skills before visiting the club. Don't miss this opportunity to own one of the Upper Canyon's most exquisite estates, a true embodiment of luxury and elegance.

9889 E Happy Valley Road Unit 5 Scottsdale, AZ 85255

$13,995,000
7 Beds
7.5 Baths
10,829 SqFt
Status Active
MLS # 6701739
Property Type Single Family Residence
Price Type --
This sensational Transitional Estate rests on 4.6 acres on the foothills of Pinnacle Peak with magnificent mountain and city light views. It sports 11,000/sf of living space including two guest homes with full kitchens and 7 garage spaces. The 8,400/sf main home is loaded with luxurious features and finishes including the Great room opening to the kitchen and walk up wet bar, formal dining room with wine wall and butlers pantry, Game room, Theater, two offices, elegant primary suite with spa like bath and multiple closets, walnut cabinetry, walnut and limestone flooring, unique ceiling treatments, Window walls, 5 fireplaces, resort style outdoor spaces with walk up bar, outdoor kitchen, negative edge pool and spa, fire pits, trampoline, synthetic grass play areas and putting green....... The two guest homes are finely appointed with one being approximately 1,350/sf with 2 bedrooms and the other, a single bedroom guest house, being approximately 1,110/sf. Both are equipped with their own laundries and full kitchens and garage access. More Features and Finishes: Transitional Style Limestone and Walnut Flooring Walnut Cabinetry Backlit Stone Back Splashes in Kitchen and Wet Bar Custom two-level stoned waterfall kitchen island 2 Dishwashers in Kitchen Double Sub Zero Fridge and Freezer Wolf 62 gas range + extra wall oven Butlers Pantry with Sink Groin Ceilings in Main hall Dining Room with Wine Wall, Coffered Ceiling and custom Chandelier 2 Laundries - Large Main Laundry/Craft Room + Guest Laundry Walk Up Wet Bar Mirrored Entry with Custom Chandelier 5 fireplace - 3 inside and 2 outside Theater room with 3 rows of seating Game/media room for pool table shuffle Board and 3 TV's His and Her Offices Primary Bedroom with Walnut Floors, Coffered Ceiling, Wall of Windows, Fireplace and Chandelier Spa Like Primary Bath with Free Standing Tub 7 Car Garage - Cooled Fitness room in one Garage. 2 Guest Houses, each with a laundry and full kitchens and Great Room. One being 1,350/sf with 2 bedrooms and the other 1,100/sf with one bedroom. Great Room with Beamed ceilings and fireplace open to the Kitchen with sliding pocket doors to patio and views. Breakfast area with fireplace Custom Lighting Fixtures Putting Green and plenty of artificial grass play areas Fire pit Outdoor Walk-Up Wet Bar with seating for 8 Huge Outdoor Living Spaces with heaters and misters Spectacular City Light, Pinnacle Peak, McDowell Mountain, Camelback and Phoenix Mountain Views Steel Roof Guest suites with Window Walls, T&G, Beamed or Coffered Ceilings and Swank Baths Covered Barbecue area with outdoor kitchen, fireplace and dining space His and Her custom closets Large negative edge pool with baha step and tiled Spa. Whole Home automation and Security. Walnut paneled Powder room with back-lit stoned wall and custom stoned and walnut floating vanity

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