Disclaimer: This guide is not meant to be a resource for tax advice but instead a resource for basic information concerning only certain aspects of the new tax code and how they may impact the real estate market. You should get tax advice from your accountant or tax preparer who will explain how the entire tax code will affect your personal return.This information comes immediately after the new tax code became law. Some of the information may be revised as the analysis of the new law evolves.
When the tax code was originally being overhauled by the House and the Senate, there were three major proposals being considered that would have substantially impacted the residential real estate market:
- Changing the requirements for the exclusion of gain on the sale of a principal residence
- The reduction on the limit of the Mortgage Interest Deduction (MID)
- The elimination of the State and Local Tax deduction (SALT) which includes property taxes
Let’s look how the tax code has evolved from the original proposal, and decipher what impact experts believe it may have on the housing market.
1. Exclusion of gain on sale of a principal residence
Original Proposal: Owners would need to live in their house for at least 5 out of the last 8 years to claim this exemption. Under the former tax framework, a typical owner, who has lived in their house for at least 2 years out of the last 5 years, would pay nothing in capital gain taxes if they sell the house.
The New Tax Code: No change. The “at least 2 years out of the last 5 years” requirement is unchanged.
Impact on the Market: None.
2. Mortgage Interest Deduction
Original Proposal: Reduce the limit on the mortgage interest deduction (MID) amount from $1,000,000 to $500,000.
The New Tax Code: Reduces limit on deductible mortgage debt to $750,000 for new loans taken out after 12/14/17. Current loans up to $1 million are grandfathered.
Impact on the Market: Assuming a 20% down payment, this reduction in the MID will impact buyers that are purchasing a home between the prices of $938,000 and $1,250,000. Any home under the lower price is still covered and any home over the higher price was not covered under the former tax code either.
What does that mean to the market? Experts disagree. Calculated Risk’s Bill McBride:
“I think the impact of reducing the MID from a maximum of $1 million in mortgage debt to $750 thousand in mortgage debt will have very little impact on the housing market.”
On the other hand, Capital Economics claims:
“The impact on expensive homes could be detrimental, with a limit on the mortgage interest deduction raising taxes for those that itemize.”
3. State and Local Taxes (SALT)
Original Proposal: The elimination of the state and local tax deduction (which includes property taxes).
The New Tax Code: Allows an itemized deduction of up to $10,000 for the total of state and local property taxes and income or sales taxes.
Impact on the Market: Most experts agree that higher taxed regions will be impacted as homeowners in those communities now have a cap on these deductions.
Calculated Risk’s Bill McBride stated:
“SALT will have an impact on housing in some areas. Some people might choose to live in one state over another (if they have a choice), based on taxation. This could impact demand in certain states – especially for the middle and upper-middle class homeowners.”
Mark Zandi of Moody’s Analytics said:
“The impact on house prices is much greater for higher-priced homes, especially in parts of the country where incomes are higher and there are thus a disproportionate number of itemizers, and where homeowners have big mortgages and property tax bills.”
What will be the overall impact on the housing market?
For most of the country, the new tax code will not have a negative impact on the market. As Capital Economics reports:
“Given most households will see an overall tax cut, and potential buyers are likely to put that saving towards their home, we doubt it will have a significant detrimental impact on the housing market.”
There is also no doubt that some higher priced, higher taxed regions will be affected more than others. However, most experts agree that other portions of the tax code will favor the high-end buyer and seller, and this might mitigate many concerns. McBride explains:
“The corporate tax cuts (and other tax cuts) will mostly benefit the wealthy, and this will be a positive for high end real estate.”
What does this all mean to you?
To know for sure, you should sit with your accountant or financial planner and explore how all the aspects of the new code will impact your family.
Most families consider homeownership an essential part of the American Dream, and don’t purchase a home based solely on the tax advantages. The main reasons they buy a home are personal (they just got married, they are looking for a good place to raise children, they want to be near friends and family, they want to better enjoy their retirement, etc.). This will never change.
Looking at the new tax code, Mr. McBride’s opinion makes the most sense:
“There will be some negative impact based on SALT, but overall the impact of these policy changes on housing will be minimal.”
For more information, click here for a downloadable pamphlet.
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10763 E Addy Way Scottsdale, AZ 85262
$3,995,000
4
Beds
6.5
Baths
6,043
SqFt
Status
Active
MLS #
6746620
Property Type
Single Family Residence
Price Type
--
This high-quality custom home with sunset views in guard-gated Mirabel Club is being sold COMPLETELY TURNKEY and is truly ONE OF A KIND, with quality materials that cannot be built for even close to this price today. As you approach, you'll notice the pristine curb appeal, in low-maintenance desert landscaping. The courtyard with wrought iron gate and water feature sets the mood upon arrival, and provides a central meeting space for your guests, with covered patios for both the guest house and one of the guest suites. Before stepping inside, take a moment to appreciate the 9.5' custom alder door, an impressive piece on its own. Upon entry into the living room, you'll immediately notice the thoughtful design, quality finishes, breathtaking views, sunset bronze flagstone flooring, massive two-way stone fireplace, and beamed ceilings. The entertaining area includes a full wet bar with copper sink and under-counter drink fridge. Imagine hosting your friends in this dining room while enjoying sunset views out your window. The ironwork on the wine cellar is another nod to the thorough attention paid to every detail. Continue toward the kitchen, first stopping at butler's pantry with ice maker and dual-drawer dishwasher. The kitchen is comfortable yet luxurious, from the hand-finished alder cabinets to the herringbone terra cotta backsplash. High end appliances include 48 Wolf gas cooktop, Wolf carbon finish dual-ovens, microwave, and warming drawer. There is abundant cool storage, with a full-size fridge plus two cooling drawers along with a full-size freezer plus two freezer drawers, all Subzero. Continuous hickory flooring connects the kitchen and family room, with vega beams radiating out over the curved room, seamlessly connecting them into a flowing great room. Across the home you'll find the owner's wing. The office features square wood beamed ceilings, with that square pattern duplicated on the hickory flooring below. The ample primary suite is complemented by a sitting room with kiva fireplace, a perfect place to take in the stunning views. The primary bathroom includes the same quality finishes you've seen throughout, from the travertine slab countertops, alder doors, down to the rustic iron towel holders. Completing the primary suite is the oversized closet, with built-ins from wall to wall. Multiple guest suites provide privacy for all of your family and friends. First, upstairs you'll find an ensuite bedroom with their own loft living room, and access to the rooftop deck with amazing views. Also within the main house is a second ensuite bedroom. For additional guests, through the front courtyard is a full guest house, with living room and half-kitchen, private patio, large ensuite bedroom, and direct access to the third garage bay. Even the fundamentals have been recently updated. The entire roof was recoated (2021), and all four AC units and two furnaces replaced (2021), as well as two large water heaters with recirculating pumps replaced (2020). Outside, the landscaping was redone with the entire irrigation system replaced (2021). The pool was resurfaced with mini-pebble finish, tile edge, and travertine coping, along with a wi-fi Aqualink control system added (2021) and the pool heater replaced (2020). Finishing off this home is precisely where you'll want to unwind every evening, in the spacious and gracious backyard. The covered patio extends the length of the home, and includes an outdoor fireplace for those cool nights. Two additional uncovered seating areas offer options for taking in the sun. Entertain at the built-in BBQ, and don't miss the outdoor half bathroom. The backyard is a serene high-desert landscape, strategically placed to take in the picturesque Arizona sunsets while overlooking the golf course. Located toward the end of a cul-de-sac, so extremely light traffic, and all adjacent homesites have already been built. Mirabel's weather is famously dry and sunny. Our risk of natural disasters is extremely low. Being higher and somewhat removed from the city means the stars are bright at night, the air typically much cleaner, and the daytime high temperatures can be about eight to ten degrees cooler than the Valley floor, every day of the year. You would be amazed how comfortable 95 degrees is at night or in the shade. So, being in Mirabel on a year-round basis is an attractive proposition. In addition to the endless shopping and fine dining options all just minutes away, the owner of this home will be close to major league and collegiate sports, fabulous medical care (including the Mayo Clinic and hospital), terrific air service, and a wide variety of cultural attractions. This home is truly one of a kind and I encourage you to come see it today, and you'll be glad you did.
12331 E Gold Dust Avenue Scottsdale, AZ 85259
Open House
$3,995,000
5
Beds
5.5
Baths
5,430
SqFt
Status
Active
MLS #
6774178
Property Type
Single Family Residence
Price Type
--
Our gorgeous Arizona mountains and desert are the perfect backdrop for this stunning new construction home by Cachet Homes. Thoughtfully designed to maximize the concept of at home entertaining, the home features a large double island kitchen that open to the family room, a detached courtyard guest home, a separate pool house, and a flowing floorplan that allows for privacy as well as gathering spaces for family and friends. The finishes and amenities are contemporary and yet still timeless, and enhance this lovely home. The rear yard has been completely finished, something you don't often see in new construction any more, and boasts a pool house, BBQ ramada, beautiful pool and spa and large grassy areas for play. Emerald Hills by Cachet Homes is an exclusive 7-home subdivision in the desirable Shea Corridor in north Scottsdale. Close to schools, golf, parks, entertainment, shopping and dining - you will be in your dream home and area in no time at all!
3807 N 55th Place Phoenix, AZ 85018
Open House
$3,995,000
6
Beds
5
Baths
5,178
SqFt
Status
Active
MLS #
6747124
Property Type
Single Family Residence
Price Type
--
Introducing a completely remodeled, modern adobe on a half acre lot in the heart of Arcadia Proper. Boasting 5 bedrooms & 4 bathrooms in the main house plus a charming casita! From the moment you arrive, you'll be captivated by the seamless blend of traditional adobe aesthetics with contemporary design elements. Saltillo tile flows through the main living areas creating a warm & inviting atmosphere throughout. The chef's kitchen features high-end Thermador stainless steel appliances, custom cabinetry, spacious island, & dining space filled with natural light, perfect for both casual living & entertaining. Immerse yourself in cinematic experiences with state-of-theart surround sound system in the main living areas & outside, elevating your entertainment to new heights.
6368 N Lost Dutchman Drive Paradise Valley, AZ 85253
Open House
$3,995,000
3
Beds
3.5
Baths
4,392
SqFt
Status
Active
MLS #
6724005
Property Type
Single Family Residence
Price Type
--
NESTLED AT THE BASE OF THE VALLEY'S MOST ICONIC NATURAL LANDMARK, CAMELBACK MOUNTAIN, THE VILLAGE AT MOUNTAIN SHADOWS IS SITUATED IN THE HEART OF PARADISE VALLEY. BUILT EXCLUSIVELY BY CULLUM HOMES AND DESIGNED BY THE RENOWNED ARCHITECTURAL FIRM CANDELARIA DESIGN ASSOCIATES. THIS BEAUTIFUL CUSTOM ECHO TWO-STORY FLOOR PLAN FEATURES 3 BEDROOMS(2 PRIMARY SUITES 1 UP AND 1 DOWN), 3 FULL BATHS AND 1 POWDER BATH. GUESTS ENTER THROUGH THE PRIVATE COURTYARD LANDSCAPED TO PERFECTION TO THE LARGE IRON AND GLASS FRONT DOOR. THE GREAT ROOM WITH FIREPLACE WALL WITH BUILT IN SHELVES AND RETRACTABLE WALL OF GLASS LEAD YOU OUT TO THE COVERED PATIO AND OUTDOOR BBQ. THE BACKYARD WITH VIEWS OF CAMELBACK MOUNTAIN MAKE THIS INDOOR/OUTDOOR ENTERTAINING SPECIAL. THE DINING ROOM WITH DRY BAR. KITCHEN WITH... QUARTZITE STONE ISLAND, EAT-AT BAR, BUILT IN PANTRY, OTHER CABINETS FOR STORAGE AND EXTRA APPLIANCES (SUB ZERO, WOLFF) TOP OFF THIS CHEFS KITCHEN. A BUILT IN COMMAND CENTER JUST OFF THE KITCHEN IS PERFECT FOR A SPACE TO STILL WORK. THE STYLISH POWDER ROOM, LAUNDRY ROOM AND ELEVATOR LEAD DOWN TO THE 3 CAR GARAGE. TONS OF GARAGE STORAGE BUILT INS, EPOXY FLOORING AND A/C CONTROLLED. THE FIRST PRIMARY SUITE OPENS OUT TO THE BACKYARD, BATH AND WALK IN CLOSET FOR SINGLE LEVEL LIVING. THE WOOD STAIRCASE (ENTIRE HOME WOOD) OPENS UP TO A LOFT LIVING AREA, SECONDARY LARGE PRIMARY SUITE WITH BEAUTIFUL BATH AND OVERSIZED CLOSET OPEN UP TO A LARGE PRIVATE TERRACE. THE 3RD GUEST BEDROOM IS LARGE TO MAKE A BUNK ROOM WITH EN SUITE AND ROMEO AND JULIET BALCONY. A OFFICE OR GYM ROOM TOPS OFF THE SECOND LEVEL. THIS HOME HAS SO MANY EXTRAS AND IS HIGHLY UPGRADED THROUGH OUT INTERIOR AND EXTERIOR. COME SEE THIS HOME TODAY. IT WILL NOT LAST LONG! RESIDENTS HAVE ACCESS TO THE PLETHORA OF AMENITIES AVAILABLE AT THE MOUNTAIN SHADOWS RESORT. THE COMMUNITY BOASTS A PRIVATE POOL AREA, PARK AND IS GUARD-GATED 24/7 FOR THAT HIGHLY DESIRED LOCK AND LEAVE LIFESTYLE.
4938 N Ascent Drive Scottsdale, AZ 85251
Open House
$3,994,293
2
Beds
2.5
Baths
3,035
SqFt
Status
Active
MLS #
6670454
Property Type
Single Family Residence
Price Type
--
**HOME TO COME FULLY FURNISHED! TURN-KEY READY!!** A NEW PRIVATE RESIDENTIAL COMMUNITY WITH A COVETED LOCATION AT THE BASE OF CAMELBACK MOUNTAIN ADJACENT TO THE ICONIC PHOENICIAN® IN SCOTTSDALE. ONLY A SHORT DISTANCE TO FASHION SQUARE AND OLD TOWN SCOTTSDALE. THIS COLLECTION OF CUSTOM HOMES BUILT EXCLUSIVELY BY CULLUM HOMES THAT REFLECT A TIMELESS, MODERN DESIGN AND LOOK OUT OVER THE BEAUTIFUL PHOENICIAN® GOLF COURSE. FEATURING THE ''DESERT ZEN LIVING'', A TWO-STORY HOME FEATURING 2 BEDROOMS, 2.5 BATHROOMS, AND A 3-CAR GARAGE. THROUGH THE EXTRAVAGANT FRONT ENTRANCE LOCATED ON THE LOWER LEVEL, A BEAUTIFUL STAIRCASE OR AN ELEVATOR TAKE YOU TO BOTH LEVELS OF THE RESIDENCE. THE MAIN LEVEL BOASTS TWO EN-SUITE BEDROOMS, A FORMAL DINING AREA, OPEN CONCEPT KITCHEN, ADDITIONAL POWDER ROOM AND THE GREAT ROOM AREA. SPACIOUS KITCHEN WITH ISLAND, EAT-AT BAR AND WALK-IN PANTRY. A GLASS WALL LEADS YOU TO THE COVERED PATIO OFF THE GREAT ROOM WHERE GORGEOUS VIEWS AWAIT YOU. OWNER'S SUITE WITH WALK-IN CLOSET, DOUBLE SINK VANITY, SEPARATE TOILET ROOM, TUB AND WALK-IN SHOWER. ALONG WITH AN ADDITIONAL EN SUITE BEDROOM, LARGE LAUNDRY ROOM WITH EXTRA STORAGE AND A DECK AREA. THE COMMUNITY IS GUARD GATED FOR PRIVACY AND SECURITY. AT THE BASE OF CAMELBACK MOUNTAIN, YOUR PRIVATE POOL, FITNESS CENTER, AND SOCIAL SPACES OFFER AN INTIMATE GATHERING PLACE FOR WELLNESS, SOCIALIZING AND RELAXATION. RESIDENTS ARE OFFERED THE OPTION TO JOIN THE PHOENICIAN® AMENITY ACCESS PROGRAM ACCESS AND DISCOUNTS TO THE NEW ATHLETIC CLUB, 38,000 SQUARE FOOT SPA, TENNIS FACILITY AND RESORT POOLS AT THE PHOENICIAN® RESORT.
6900 E Ironwood Drive Paradise Valley, AZ 85253
$3,991,000
5
Beds
4.5
Baths
5,356
SqFt
Status
Active
MLS #
6743581
Property Type
Single Family Residence
Price Type
--
This exquisite property in Paradise Valley is situated in a highly desirable location, just a short walk from the new Ritz Carlton development featuring luxury shops and dining options. Minutes away from Fashion Square, Kierland, and Scottsdale Quarter, it offers unparalleled access to high-end shopping in Arizona. Psst ... This luxurious home is nestled within the small, gated community where Emma Stone grew up. Yes, the Emma Stone. This home neighbors the J.W. Marriott's Camelback Country Club, boasting expansive golf course views and breathtaking 360-degree vistas of Mummy Mountain, Phoenix Mountain Preserve, McDowell Mountain, Thom's Thumb, and Pinnacle Peak. You will enjoy stunning sunrises and sunsets from the comfort of your bedroom or patio. This modern Santa Barbara-style home has been fully renovated, showcasing sophisticated architectural features such as clay roof tiles, solid wood beams, and enfilade with elegant arches. The chef's kitchen is equipped with a 48 Thermador range, double ovens, and ample storage, embodying classic elegance and functionality. With 5 spacious bedrooms and 4.5 luxurious bathrooms, this home is perfect for entertaining. It includes three generous entertaining areas and chic, remodeled bathrooms featuring ocean white marble floors and waterfall quartz countertops. The outdoor space features a large swimming pool with a diving board, water fountains, and a slide, while a serene water fountain pond invites relaxation. A citrus orchard adds seasonal fragrance, and a majestic Sissoo tree enhances the landscape's tranquility, complemented by seven striking date and Mexican palm trees that create a serene atmosphere.
4526 E Calle Tuberia -- Phoenix, AZ 85018
$3,990,000
5
Beds
4.5
Baths
3,935
SqFt
Status
Active
MLS #
6784564
Property Type
Single Family Residence
Price Type
--
This turn-key, custom Rafterhouse in Arcadia Proper exudes elegance & warmth, from the front courtyard to the backyard's media projector, the attention to detail in this home is truly unmatched. As you enter, the quality finishes and touches stand out from the white oak floors, to the fireplaces, the soaring vaulted ceilings, and collapsable doors leading to the lush backyard with views of Camelback Mountain. Boasting nearly 4,000 SqFt, with 5 bedroom, 4.5 bathrooms, & an additional flex/living space, this highly desired floor plan provides it all. In the gourmet, chef's kitchen you'll find top of the line appliances, fixtures and custom cabinetry. The pantry offers plenty of storage, as well as the oversized kitchen island.. Just off the heart of the home & formal dining area, you'll find powder room for guests & an additional living/flex space with more sliding glass doors out to the back yard. The Primary bedroom feels more like a resort, with mountain views from the spacious bathroom and a beautifully designed closet. Two hallways lead to the additional four bedrooms which are perfectly laid out, with two having en-suite bathrooms, and the other two sharing a full bath. The extended 3 car garage offers plenty of storage, with a mud-room and drop zone leading into the home. The lush backyard is perfect for entertaining, with an outdoor dining area, built-in gas grill, outdoor living area & bar at the ramada, & a gas fire pit and additional seating area. With a Crestron Home AV system, citrus tree's, detached storage, and a newly added generator.
5939 E Orange Blossom Lane Phoenix, AZ 85018
New
$3,990,000
4
Beds
4
Baths
4,560
SqFt
Status
Active
MLS #
6785913
Property Type
Single Family Residence
Price Type
--
Incredible opportunity for a Ben Hawkins built masterpiece perfectly located on the highly desired Orange Blossom Lane adjacent to Arizona Country Club. This captivating cutting edge contemporary exudes style & class that few homes can match. Soaring tongue in groove detailed ceilings pull you into extraordinary inside/outside living that combines the custom island kitchen, living room, resort pool & outdoor dining. Stunning primary retreat provides views & privacy. 3 thoughtfully designed en suite bedrooms provide comfort for all. Upstairs flex space for office/art studio/workout or music room leads to a spacious outdoor deck. Ease of access with street access out both the front & back. Artistically blended concrete & wood design elements impresses the most discerning of tastes.
3101 N 53rd Place Phoenix, AZ 85018
Open House
New
$3,990,000
5
Beds
4.5
Baths
4,826
SqFt
Status
Active
MLS #
6776724
Property Type
Single Family Residence
Price Type
--
Welcome to this stunning Santa Barbara inspired home from SMITH, located in the heart of Grove Park Estates and sitting on a near 30k sf lot. Designed by Kozi Designs, the over 4800 sf home boasts a split floor plan with 5 beds and 4.5 baths, plus study and includes a spacious great room design. The spacious kitchen is adorned with top of the line appliances, fluted cabinetry and the 48'' range is topped off with an arched roman clay hood. Just off of the kitchen sits a cozy banquet that seats 8 and flows nicely into the large great room with gas fireplace. The 16' slider opens up to a large patio space of travertine and to the large pool. The home is perfect for the entertainer with incredible indoor/outdoor spaces and offers so much space. You will not want to miss this one!
9930 E Miramonte Drive Scottsdale, AZ 85262
$3,985,000
4
Beds
4.5
Baths
4,638
SqFt
Status
Active
MLS #
6769058
Property Type
Single Family Residence
Price Type
--
GOLF MEMBERSHIP AVAILABLE. Brand new Mortensen Signature Home. COMPLETION HAPPENING NOW, MOVE IN NOVEMBER. Outstanding Mountain and Sunset Views. Easy access to the main gate. Cul-de-sac location. Dual Primary Suites, 2 other en-suite bedrooms plus an office, den or 5th bedroom, take your pick. 4 Sliding door exits to your view patio with pool, spa, oversize fireplace and bbq ready for relaxation and entertainment. Whole Home Furniture packages available.
10040 E Happy Valley Road Unit 275 Scottsdale, AZ 85255
$3,980,000
4
Beds
4.5
Baths
5,023
SqFt
Status
Active
MLS #
6784983
Property Type
Single Family Residence
Price Type
--
Designed by renowned architect Bob McIntyre this phenomenal property encompasses all that Desert Living should be. Located on the Sixth Fairway of the celebrated Desert Highlands Golf Course with a perfect southern facing exposure to soak in the desert sun you will start your day with sunrises over the McDowell Mountains and end your day with watercolor sunsets, you couldn't ask for a better view or location. Completely remodeled from top to bottom with only the highest quality and craftsmanship, this open single-story floorplan flows perfectly with countless private yards and courtyards off of every suite to take in the majestic views. This home truly has it all! The light and bright living room is complemented by the soaring ceilings, cozy hand plastered fireplace, floor to ceiling French doors and clear story windows, as well as a dramatic chandelier. Whether you are a top-notch chef or just like to admire a beautiful kitchen, this home has the perfect combination of function and form with top of the line appliances (6 burner gas range, 2 burner induction cooktop, 3 ovens, 2 dishwashers, built-in Subzero refrigerator, wine refrigerator, beverage refrigerator and ice maker), timeless custom cabinetry, passthrough entertainment area to the outdoors and more. Open to the kitchen, the family room features expansive French doors to the pool area as well as a second tranquil courtyard with a water feature, beautiful natural light, warm fireplace, in addition to an entertainment bar with a beverage and wine refrigerator. The owner's suite is a treat with an expansive bedroom filled with natural light from the floor to ceiling picture window and French doors that invite the outdoors in, an inviting fireplace, the perfect sitting room, 3 spacious walk-in closets, and a luxurious bathroom with a dramatic multi-head steam shower, artistic free-standing bathtub, dual sinks with plenty of storage, a make-up vanity, and two separate commode rooms. It's not just the owners who are treated like royalty in this amazing home, guests are too. Not only are each of the 3 guest suites completely separate from each other, but all of them also have their own private courtyard to take in the beautiful golf course and mountain views, as well as their own distinct designer bathroom. The private casita also features its own kitchenette to make your guests truly feel at home on top of it's own private courtyard with water feature and access to the backyard pool area. The fourth guest suite could also make the perfect at home office / den with its own private entrance, inviting fireplace, as well as a private courtyard complete with a relaxing water feature, fireplace, and mountain views. The stress-free backyard not only takes in the breathtaking lush golf course and magnificent mountain views, outdoor entertainment is also taken to the extreme with a built-in misting system, heaters, and BBQ, as well as an outdoor dining area with a stylish chandelier and plenty of covered and uncovered spaces surrounding the refreshing pool and spa. Owning in Desert Highlands has its privileges; this amazing home comes with an immediate Full Golf Membership to Desert Highlands where you will enjoy an 18 hole Jack Nicklaus Signature Golf Course, an 18 hole par 42 putting course designed by Gary Panks, 13 perfectly groomed tennis courts (grass, clay, & hard courts), state of the art fitness center, multiple dining options, and 24 hr guard gated security! To make things even better, this home may be purchased fully furnished and turnkey by separate bill of sale so that you may start enjoying the perfect desert lifestyle immediately with ease, all you will need are your clothes and a toothbrush!
36138 N Summit Drive Cave Creek, AZ 85331
$3,975,000
4
Beds
4.5
Baths
5,017
SqFt
Status
Active
MLS #
6711246
Property Type
Single Family Residence
Price Type
--
Million Dollar Views as far and wide as the eye can see! Views from every window in the house. Your own AZ get a way on about 1.5 acres. This 4bed + office, 4.5 bath includes an elevator. Retractable wall of windows bring the outdoors in, vaulted ceilings with beams, large wrap around balcony, Open floor plan, Gourmet Kitchen, SS Appliances, Dual ovens, Granite & Wood block Countertop, Alder cabinets and doors, Fireplaces in Family Room & Kitchen, Master boasts more amazing views. Master Bath with large walk-in closet. Take the ELEVATOR to Game/Theatre room, Wine Cellar and 2 guest bedrooms. Resort Style Backyard is perfect for entertaining. Extensive exterior misting system.