What’s Ahead For Mortgage Rates This Week – July 11, 2016

Whats Ahead For Mortgage Rates This Week April 27 2015Last week’s economic news included minutes from the most recent meeting of the Fed’s Federal Open Market Committee (FOMC) along with several reports on private and public sector employment and the national unemployment rate. Weekly reports on mortgage rates and new jobless claims were also released.

FOMC Minutes: Committee Closely Monitoring Economic Developments

The minutes of June’s FOMC meeting indicate that Fed policymakers continue to be cautious based on low inflation and close review of domestic and global economic developments. Committee members acknowledged improvements in the housing market, but also noted that annual inflation remains below the Fed’s two percent goal. Low inflation and wage growth presented obstacles to would-be home buyers who continued to face rapidly rising home prices and low inventories of available homes. FOMC members voted not to increase the current target federal funds rate of 0.25 to 0.50 percent.

FOMC’s June meeting occurred before Great Britain’s decision to leave the EU, which created volatility in financial markets and caused mortgage rates to drop.

Mortgage Rates, New Jobless Claims Fall

Freddie Mac reported an across-the-board drop in average mortgage rates last week. The average rate for a 30-year fixed rate mortgage fell by seven basis points to 3.41 percent and the rate for a 15-year fixed rate mortgage averaged 2.74 percent. Rates for a 5/1 adjustable rate averaged 2.68 percent. Discount points were unchanged at 0.50, 0.40 and 0.50 percent respectively.

New jobless claims were decreased to a three-month low of 254,000 as compared to expectations of 265,000 new claims and the prior week’s reading of 270,000 new claims. New jobless claims were higher after the end of the school year, when some school workers became eligible for benefits when schools closed for summer break.

Job Creation Jumps After May Lull

Non-farm payrolls expanded significantly in June after May’s sharp drop. 287,000 jobs were created in June as compared to expectations of 173,000 new jobs and May’s dismal reading of 11,000 new jobs. The non-farm payrolls report includes readings for public and private sector jobs. June’s ADP payrolls report measures private-sector jobs; June’s reading surpassed May’s reading of 168,000 jobs with 172,000 new jobs.

In related news, the Commerce Department reported that national unemployment increased from May’s reading of 4.80 to 4.90 percent. Analysts said that this uptick may not be bad news, but instead indicated an expanding workforce. Unemployment readings are based on the number of workers seeking work and don’t include workers who have left the workforce.

What’s Ahead

This week’s scheduled economic releases include the Consumer Price Index, Core CPI, retail sales and consumer sentiment. Weekly reports on mortgage rates and new jobless claims will also be released.

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.

10493 E Rimrock Drive Scottsdale, AZ 85255

$14,995,000
4 Beds
5.5 Baths
9,154 SqFt
Status Active
MLS # 6771280
Property Type Single Family Residence
Price Type --
Prime golf course frontage in prestigious Silverleaf! Experience unparalleled luxury in this exceptional 9,154 sq. ft. single-level, Spanish Colonial home, ideally situated on over 2.1 acres backing to the 17th fairway. Designed by acclaimed architect Erik Peterson and built by Salcito Custom Homes in 2013, this south-facing residence offers sweeping panoramas of multiple golf holes, the Silverleaf clubhouse, the McDowell Mountains, Camelback Mountain, and distant city lights. The property's desirable location is just blocks from the Clubhouse and Horseshoe Canyon guard gate, providing convenience and exclusivity. An immediate full GOLF MEMBERSHIP is available at an additional cost, bypassing the typical waitlist. The thoughtfully designed floor plan features a luxurious master wing with an oversized primary suite and two private offices. The entry leads to a spacious living room with a full bar and wine room, while the open kitchen and family room are complemented by a dedicated prep area and pantry. Additional highlights include a dedicate home theatre, private guest wing with two ensuite bedrooms, an exercise room, and a separate entry guest casita. The arrival area boasts ample guest parking and a generous auto court leading to a 5+ car garage. Elegant interior finishes showcase reclaimed wood flooring, Wolf /Sub-Zero appliances, whole-home Savant automation, wood beam ceilings, and designer light fixtures. The meticulously landscaped outdoor spaces provide numerous opportunities to enjoy Arizona's desirable climate. In addition to two private courtyards, the expansive backyard features a 20-meter pool and spa, a large covered patio, a separate cabana, BBQ center, large turf area, multiple fountains and fire features, and a trellis sitting area that captures panoramic views. This is an extremely rare find: a single-level home on the golf course in Silverleaf, complete with immediate golf membership opportunity. Silverleaf is renowned for its timeless architecture, world-class golf and spa facilities, and proximity to hiking, biking, dining, shopping, the Scottsdale Airport, and the Loop 101. Contact us for more information and secure your place in this distinguished community.

11173 E Feathersong Lane Unit 1704 Scottsdale, AZ 85255

$14,995,000
6 Beds
6.5 Baths
7,698 SqFt
Status Active
MLS # 6781754
Property Type Single Family Residence
Price Type --
Absolutely Gorgeous Modern Luxury Estate in Silverleaf Upper Canyon!! This Rare Jewel purchased new Aug of 2020 was barely lived in as a part time residence and is being offered as a Turnkey Home that includes $1.1 Million of professionally designed furnishings, artwork, rugs, accessories, technology, & housewares making it easy to move right in. Breathtaking panoramic city light & mountain views are unobstructed from this elevated homesite and offer both privacy and views. This well designed functional open floorplan was created by renowned architect CP Drewett and is sure to impress with exquisite finishes and furnishings only surpassed in grandeur by the incredible infinitely impressive views. The Main level includes Primary bedroom & two other full bedroom suites, Great Room, Dining, Kitchen, Walk-in Pantry, Lounge/Bar Room, Pool Table Room (could be an office), Laundry/Mud Room, Powder Bath, AV Room, Elevator, and Garage. The Lower Level includes a Media Room, three Bedroom Suites, Storage Room, and Elevator. There is a beautiful light filled wood & iron staircase or choose the Elevator to take you effortlessly between the Main & Lower levels. Some of the amazing features of this home are: wood flooring throughout except baths & laundry, designer rugs in most rooms, built in automated shades or draperies, designer touches at tile in bathrooms & other tile areas, impressive light fixtures, wallpaper in several rooms, Control 4 Home Automation system plus Lutron Lighting & Shade Control systems, outdoor security cameras as well as inside the garage, music throughout all main interior & exterior areas, limestone trim at exterior elevation & patio floors, wood plank patio ceilings, 3 laundry rooms, and stone clad fireplaces. The large Great Room has a floor to ceiling stone slab fireplace, Dining w/ a wine display wall with lockable glass doors. Kitchen w/ 2 islands, 60 Wolf range, Subzero R&F, 2 dishwashers, veggie sink, & tons of storage, and a large walk-in Pantry with adjustable shelves including cabinets for storage & countertop space for staging. Lounge/Bar Room w/ access to front courtyard seating area, floating display shelves, sink, refer & ice maker, and lots of storage. Pool Table Room off of the Great Room area could be used as an office instead. Spacious Primary bedroom w/ beautiful fireplace & tv above, bi-fold door system that opens onto a covered patio w/ a hanging couch, and floor to ceiling automated draperies. Primary bath w/ lots of natural light, free standing tub next to doors that open out to a balcony w/ views to the city, large shower w/ floating bench, coffee bar w/ built in coffee maker & refer, spacious vanities w/ linen storage & plenty of drawers, and his & her toilets. Large Primary closet w/ natural light, built in dresser, adjustable shelving, and laundry room. Guest Suite w/ separate living room & coffee bar, two bathroom sinks, and direct exterior access to front courtyard areas. Powder bath w/ textured stone wall, floating vanity and a window for natural light. Spacious covered patio off Great Room w/ tv & limestone clad fireplace, other covered patios and decks for dining and lounging, built in Wolf barbecue, and a negative edge heated pool to soak up the amazing views. Large Media Room w/ candy bar, refer, and microwave downstairs to take in your favorite movie or show. One of the lower level bedroom suite bathrooms doubles as a guest bath for the Media Room and Swimming Pool. Lower level covered patios w/ outdoor Ping Pong table & multiple seating areas, adjacent turf area, & exterior stairs up to the pool level. 8-car Garage features air-conditioning, security cameras, epoxy coated floors, wall mount door openers and two car lifts with a spacious garage courtyard turnaround area that feeds all 5 garage doors. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.

5902 E Arcadia Lane Phoenix, AZ 85018

$14,950,000
5 Beds
7 Baths
10,074 SqFt
Status Active
MLS # 6787036
Property Type Single Family Residence
Price Type --
Imagine stepping into a timelessly elegant, French-inspired Mediterranean estate gracefully positioned on nearly two acres with sweeping, unobstructed views of Camelback Mountain. This 10,074 SqFt masterpiece seamlessly marries artisan craftsmanship with ultimate modern luxury, offering an experience like no other. Inside, every detail tells a story. Reclaimed Hickory barn wood floors from Pennsylvania lay a warm, sophisticated foundation, and several carved stone fireplaces enhance the inviting ambiance. In the heart of the home, the kitchen and family room feature a magnificent vaulted ceiling supported by a solid Oregon timber beam—an architectural marvel that exudes grandeur. For entertaining, this estate is unmatched. A bar opens directly to the expansive patio, blurring the lines between indoor and outdoor living, while a butler's pantry and fully equipped secondary kitchen make hosting effortless. The double-barrel vaulted dining room with seating for 14 flows into a beautiful courtyard with a cozy fireplace and carved stone fountain, creating the ideal atmosphere for gatherings large or small. Every aspect of the primary suite is designed to indulge, offering two separate bathrooms connected by an elegant sitting area leading to a private primary courtyard. Her bath includes a Waterworks soaking tub, steam shower, dual vanities, carved stone fireplace, and custom designed closet with handscraped cabinetry. His bathroom is equally impressive with a shower featuring imported tiles and custom designed closet. This sanctuary of luxury and comfort is truly a space to retreat and relax. Outside, the meticulous attention to detail continues. Patios feature barrel-vaulted ceilings crafted from brick imported from France and painstakingly custom-cut on-site, creating an enchanting outdoor ambiance. The landscape includes imported limestone accents, raised stone-lined garden beds, and an antique horse trough garden sink, while the sparkling 745-square-foot glass-tiled pool invites relaxation. The estate also includes an 864-square-foot guest house with a private bedroom, bathroom, and kitchena secluded and comfortable retreat for visitors. This property is more than a home; it's an exquisite work of art crafted with uncompromising quality and style. It must be seen in person to truly appreciate its beauty, character, and soul. Step into this one-of-a-kind estate and experience the very pinnacle of Arcadia living.

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.

10947 E Wingspan Way Scottsdale, AZ 85255

$14,595,000
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.

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!

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

7046 N 59th Place Paradise Valley, AZ 85253

$13,500,000
7 Beds
13 Baths
17,701 SqFt
Status Active
MLS # 6782313
Property Type Single Family Residence
Price Type --
UNMATCHED VALUE IN PARADISE VALLEY! You may Move in NOW on Mummy Mountain—experience sweeping views of Camelback Mountain, vibrant City Lights, and the pinnacle of luxury design and quality. With 17,701 square feet of elegant living space, this opulent mansion offers an array of luxurious amenities to suit every taste, from a grand Ballroom perfect for art or car collectors to a full private gym/spa setup; adaptable spaces for exclusive fashion trunk shows. Enter through its private gates and be immersed in an atmosphere of exclusivity, capturing the sophistication of NYC or London in a truly exceptional estate. The scenic surroundings and enchanting panoramas serve as a perpetual reminder of the natural beauty that Paradise Valley graciously bestows upon this residence. Boasting 7 spacious bedrooms and an impressive 13 bathrooms, this home affords ample space for a large family or gracious entertaining. Inquire about our Buy Now and Quick Occupancy option.

7533 N 70th Street Paradise Valley, AZ 85253

$12,995,000
6 Beds
9 Baths
11,739 SqFt
Status Active
MLS # 6606103
Property Type Single Family Residence
Price Type --
Casa Spero is a masterpiece of luxury living for the generations. This timeless estate offers 6 bedrooms, 9 bathrooms ,office , game room, private gym and casita. The chefs kitchen area includes a walk in pantry, bar and butlers pantry plus double island. Seamless indoor outdoor living with deep patios , gazebo , turf and trees . Six car temp controlled garages. Built by Master builder Gary Geitz using the highest quality finishes, featuring heavy beams, groin vaulted ceilings , wood windows and doors to create a superior lifestyle. Solid, beautiful, forever, cozy, warm , these are just a few of the words the family uses to describe this happy home.

18720 N 101st Street Scottsdale, AZ 85255

$12,900,000
4 Beds
4.5 Baths
6,288 SqFt
Status Active
MLS # 6682952
Property Type Apartment
Price Type --
NEW-CONSTRUCTION ICON AT SILVERLEAF PENTHOUSE WITH SILVERLEAF GOLF CLUB MEMBERSHIP AVAILABLE Indulge in the epitome of luxury living with the last remaining ICON at Silverleaf Penthouse in the prestigious Silverleaf community, nestled amidst the awe-inspiring backdrop of Scottsdale's McDowell Mountains. Offering unparalleled vistas of the city skyline and the majestic mountains, this residence exemplifies sophistication and refinement. Designed by the esteemed architect Bing Hu, ICON at Silverleaf sets a new standard for condo living, seamlessly blending elegance with contemporary comfort. Revel in the opportunity to personalize your living space, ensuring it reflects your unique taste and style. Spanning the fourth floor, this ICON Penthouse boasts an impressive 6,200 square feet of indoor living area, complemented by an expansive 6,700 square feet of private rooftop space. Immerse yourself in luxury with four ensuite bedrooms, an office, a media room, a wine room, a wet bar, a gourmet kitchen, a walk-in pantry, a powder room and two outdoor patios. Access to your sanctuary is granted via a semi-private elevator leading to a welcoming private vestibule. Step onto the rooftop oasis and discover a resort-style haven featuring a pool, spa, covered outdoor kitchen, three ramadas, a fire pit, and lush turf expanses, perfect for entertaining or simply unwinding in tranquility. Nestled behind the 24-hour manned gates of Silverleaf's exclusive resort community, this residence offers the best of both worlds - proximity to the cosmopolitan amenities of affluent North Scottsdale and the serene seclusion of the Sonoran Desert. As a privileged resident, you'll also have the option to acquire a coveted Silverleaf Golf Membership, granting you access to one of the nation's most prestigious golf clubs, completing the ultimate luxury living experience. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.

10999 E Whistling Wind Way Scottsdale, AZ 85255

$12,875,000
5 Beds
5.5 Baths
7,555 SqFt
Status Active
MLS # 6710152
Property Type Single Family Residence
Price Type --
Located in the prestigious Upper Canyon of the exclusive Silverleaf community, this exquisite custom Spanish Mission Estate offers unparalleled privacy, mountain and city lights. Designed with meticulous attention to detail, this home features only the finest luxury materials throughout. Every room showcases true craftsmanship, from the reclaimed hand-scraped walnut flooring and hand-painted motif tiles to the intricate ironwork and handmade light fixtures. Wood beams, brick, and terra cotta tiled ceilings further enhance the estate's unique charm. Spanning 7,555 square feet, this estate is designed with an open great room plan, featuring a true bar adjacent to the great room, making it ideal for entertaining. The main level also includes an impressive office, the primary suite and two guest ensuites. The second level features a two-bedroom apartment accessible by elevator or its own covered loggia. Pocketing doors from the great room lead to the main covered loggia with a fireplace, perfect for seamless indoor/outdoor living and dining. The outdoor space is equally impressive, with an outdoor kitchen, BBQ and bar area, fire pit seating, pool, and spa. Enjoy city lights and sunsets from various vantage points, including a separate covered area near the pool with a cozy fireplace. This estate truly offers a luxurious and serene living experience.