What’s Ahead For Mortgage Rates This Week – May 31, 2016

Last week’s economic reports included new home sales, pending home sales along with weekly mortgage rates and new jobless claims.

New Home Sales Surpass Expectations

Sales of new homes surpassed expectations and the prior month’s reading. April’s reading of 619,000 sales exceeded expectations of 523,000 new homes sold and 531,000 new homes sold in March.  New home sales rose by 16.60 percent on a seasonally adjusted annual basis, which was the highest increase in 24 years. 

Analysts said that April’s new home sales indicate that builders are increasing production of new homes to meet high demand for homes. Short inventories of available homes are credited with driving up demand and home prices. Buyers seeking family homes are contending with investor buyers and cash buyers in popular markets.

With affordability becoming limited in many cities, first time and moderate income homebuyers aren’t buying as many homes as they once did. This development contributes to slowing markets, as move-up buyers generally rely on first time buyers to purchase their homes. 

Shortages of available homes has pressured home builders to break ground on new home construction projects, but builders continue to cite labor shortages and a lack of buildable lots as reasons why they aren’t building homes as fast as homes are needed. 

Pending Home Sales Numbers Suggest Peak Buying Season Returns

Pending home sales were also higher than forecast in April with a reading of 5.10 percent as compared to expectations of 0.80 percent for April and the March reading of 1.60 percent. Pending home sales gauge future closings for home sales and reached their highest level in 10 years and posted a year-over-year gain of 4.60 percent. 

Three of four regional readings for pending home sales posted gains, with home sales in the Midwest posting slower growth. On a year-over-year basis, he South posted a gain of 6.80 percent and the Northeast posted a gain of 1.20 percent. The West saw a jump in pending sales with a reading of 11.40 percent after posting a negative reading in March. 

April’s expansion in new and pending sales suggests that the peak home buying season is back.

Mortgage Rates Rise; New Jobless Claims Fall

Freddie Mac reported higher average mortgage rates. The rate for a 30-year fixed rate mortgage was six basis points higher at 3.64 percent; the rate for a 15-year mortgage rose eight basis points to 2.89 percent. The average rate for a 5/1 adjustable rate mortgage rose seven points to 2.87 percent. Discount points averaged 0.50 percent for all mortgage types. 

New jobless claims dipped last week to 268,000 as compared to an expected reading of 275,000 new claims and the prior week’s reading of 278,000 new claims. Analysts said that New York school employees that were eligible for benefits boosted jobless claims earlier in May due to a non-typical law that allows some school workers to draw unemployment during school closures such as spring break or labor disputes.

What‘s Ahead This Week

This week’s scheduled economic news includes Case-Shiller Home Price Indices, construction spending and reports on inflation, core inflation and consumer sentiment. No reports were scheduled for Monday due to the Memorial Day holiday. 

Listing types.

For Sale

For Rent

Land

Multifamily

Commercial

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

Location Search Nearby

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

School District

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

View As: Thumbnails List

Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

10626 E Palo Brea Drive Scottsdale, AZ 85262

$3,400,000

3 Beds

3.5 Baths

4,160 SqFt

Status Active

MLS # 6761265

Property Type Single Family Residence

Price Type --

This stunning, timeless residence in Turquoise Ridge is nestled on a private cul-de-sac along a serene greenbelt, offering sweeping views of Cochise golf course, city lights, and both sunrise and sunset. Santa Fe accents add warmth and charm to this beautifully designed home, where style meets comfort at every turn. With GOLF MEMBERSHIP available to the exclusive Desert Mountain Club, you'll enjoy world-class courses and luxury amenities just moments away.Inside, the open-concept layout flows seamlessly from the gourmet kitchen to the spacious Great Room, featuring rustic beams, soaring ceilings, and expansive windows that flood the home with natural light, framing breathtaking desert vistas. The kitchen is a chef's dream, complete with high-end appliances, custom Alder cabinetry, and a convenient serving window to the outside pool patioperfect for entertaining. The office is beautifully designed, ideal for working from home, while the oversized three-car garage provides ample space for vehicles and storage, including a wine cellar. The home boasts three luxurious suites, each with its own private patio for quiet relaxation. The large primary suite has direct access to the pool and spa, offering the ultimate retreat. Multiple patios provide additional areas for guest entertaining, while the sun-soaked backyard, with a sparkling pool and shaded al fresco dining space, invites you to bask in the Arizona sunshine. For those seeking the best views, the upper patio delivers panoramic vistas, showcasing vibrant sunsets and the twinkling cityscape. This is a home where every detail has been thoughtfully crafted for both elegance and functionality, making it the perfect desert escape.

View Property

39877 N 107th Way Scottsdale, AZ 85262

$3,400,000

3 Beds

3.5 Baths

3,050 SqFt

Status Active

MLS # 6769254

Property Type Single Family Residence

Price Type --

GOLF MEMBERSHIP AVAILABLE. For those who seek unparalleled luxury and craftsmanship, this home offers a complete visual and sensory experience, where every corner reveals beauty and artistry. Designed by Bing Hu and masterfully reimagined by Aesthetic Interiors & Design, this residence is a testament to refined design and meticulous attention to detail. Nestled in the prestigious Desert Mountain community, this home seamlessly blends timeless architectural integrity with modern luxury. Upon stepping through the grand glass pivot door, you're immediately captivated—not just by the striking chandelier, but by the sense that everywhere your eye lands, beauty unfolds. From the rich tones of custom walnut cabinetry to the sleek finishes of satin granite countertops, every detail in the home has been curated with an artistic vision. The open, airy layout flows effortlessly from one space to the next, showcasing a thoughtful balance of rich blacks and warm browns. These materials complement the serene surroundings while adding a modern edge that speaks to the home's luxury. In every room, there's a sense of cohesion and careful design,nothing is out of place, and yet, each space feels distinct. Outdoors, the visual splendor continues. The fully remodeled pool and spa with pebble sheen & LED light show, completed with a serene waterfall feature, create a private oasis, while updated landscaping enhances the natural beauty of the desert environment. The outdoor living area complete with a built-in BBQ, & gathering spot around the 5-foot linear gas fire pit, while listening to your favorite tunes through the indoor/outdoor Sonos system, extends the elegance and functionality of the home. Additionally, this home is ready for you to move right in fully furnished with exquisite RH pieces and styled with a designer's touch. A transferable Desert Mountain golf membership adds to the allure, providing access to one of Scottsdale's most prestigious golf communities. This home is not just a remodel; it is a complete transformation of Bing Hu's original architectural vision, offering a harmonious blend of modern luxury and artistic craftsmanship. Overlooking the 9th fairway of the Apache Golf Course, it stands as a rare and stunning piece of art within one of Scottsdale's most coveted communities. Welcome to The Modern Hu. - A home, a lifestyle, a masterpiece. Entire Home, Landscape, Pool has been updated. See documents tab for a detailed list. See video and 3D Matterport Video in photos.

View Property

6645 W Leonard Lane Flagstaff, AZ 86001

$3,400,000

2 Beds

2.5 Baths

2,984 SqFt

Status Active

MLS # 6778387

Property Type Single Family Residence

Price Type --

Discover your dream mountain retreat with breathtaking views of the San Fransisco peaks! This luxury log cabin, designed by Rocky Mountain Log Homes, features stunning 12'' Western timber logs--no dry wall in sight! The owner/builder spared no expense with quality details throughout. With two bedrooms, 2.5 baths, and a spacious 540 sq ft loft as an extra sleeping area, this home is perfect for family getaways. Enjoy a chef's kitchen with Bertazzoni stainless appliances, granite countertops, a gas stove, and a cozy breakfast bar. Relax by the wood- burning fireplace or unwind in the soaking tub. Located off Snowbowl Road, just minutes from Flagstaff and Snowbowl Ski Resort!

View Property

4106 E San Miguel Avenue Phoenix, AZ 85018

$3,400,000

4 Beds

3.5 Baths

3,844 SqFt

Status Active Under Contract

MLS # 6748744

Property Type Single Family Residence

Price Type --

Blue Sky's newest build in the coveted Marion Estates is ready for its big reveal! Buyers will be wowed by each detail of the property, which features a Lutron smart home control center that services lights, TVs, music, a security system and shades, all from the touch of a button. The thoughtful floorplan contains four bedrooms, including two spacious suites and a flex room. The entertainer's kitchen showcases Energy Star top-rated appliances, custom cabinetry and a generous kitchen island. The outdoor ambiance, which includes a rooftop patio, will captivate owners and guests alike with landscape design by Creative Environments that boasts a sparkling pool, spa, built-in BBQ and an expansive fire pit. Plus, it's impossible to miss the stunning views of Camelback Mountain & Piestewa Peak

View Property

4849 N Camelback Ridge Road Scottsdale, AZ 85251

$3,395,000

2 Beds

3 Baths

2,294 SqFt

Status Active

MLS # 6681501

Property Type Apartment

Price Type --

This unique loft style home features 10' ceilings in the living area with spacious indoor/outdoor living and a lower garden/yard. This home is exceptional with its soaring ceilings and phenomenal views of Camelback Mountain. Featuring 1 bedroom, 2 full baths, a den and 2 reserved parking spaces. Tucked at the base of Camelback Mountain, Ascent is a new, private gated residential enclave adjacent to The Phoenician Resort - one of Arizona's premier luxury resorts. Home designs feature contemporary architecture integrating warm, natural materials, expansive windows, stacking door systems opening to a large outdoor patio with fire feature and BBQ Thoughtfully designed by Nelsen Architects and Vallone Interior Design. Luxury finishes include exquisite Bulthaup Kitchens, hardwood floors, .....

View Property

11142 N Viento Court Fountain Hills, AZ 85268

$3,395,000

3 Beds

3 Baths

4,100 SqFt

Status Active

MLS # 6762634

Property Type Single Family Residence

Price Type --

This property is the perfect soft contemporary, empty nester, ONE LEVEL home you've been waiting for. Absolutely captivating and unobstructed airliner views from Four Peaks, to the Fountain to Camelback Mountain and city lights galore! This tastefully designed ridgetop 2022 build is a manageable and beautiful 3 bedroom, three bathroom open concept (great room) layout perfect for those seeking a fabulous entertaining space without superfluous square footage. Gorgeous kitchen and finishes, with a stunning 20-foot beamed ceiling and 20' retractable slider in the great room for views and indoor/outdoor living. See the 2-car garage and a massive 35' deep RV / boat garage perfect for the toys. The travertine pool deck, hot tub and negative edge pool maximize the sunset view experience.

View Property

6230 E Calle Del Norte -- Scottsdale, AZ 85251

$3,395,000

4 Beds

3.5 Baths

3,962 SqFt

Status Active

MLS # 6770883

Property Type Single Family Residence

Price Type --

This beautiful sprawling ranch has a perfect open floor plan and loads of charm and character. The upscale island kitchen has double ovens, double dishwashers, warming drawer, custom cabinetry, and a breakfast bar, the great room is lined with french doors creating a bright sun filled space, the formal living and dining rooms are great for intimate family gatherings as well as large scale entertaining, there's a fantastic custom built home office, and the impressive primary suite has an extra large bath. Sitting in a highly sought after Arcadia neighborhood, the oversized lot houses a gorgeous pool, built-in barbecue, large covered patio, and super mature, lush grounds. This home is wonderful as is, yet it has endless potential to go to the next level!

View Property

19947 N 94th Way Scottsdale, AZ 85255

Open House

$3,395,000

5 Beds

4.5 Baths

5,702 SqFt

Status Active

MLS # 6758877

Property Type Single Family Residence

Price Type --

LOCATION & VIEWS. Enjoy luxury living in the highly desired gated community of La Strada : one of Scottsdale's best-kept secrets adjacent to DC Ranch. Next to Market Street and minutes from all of North Scottsdale's best dining and hot spots, golf, hiking or biking trails. EXQUISITELY REMODELED. Most recently, a full-remodel of the primary bathroom & closets. All new Wolf appliances and a large, workable kitchen is great for the chef or novice cook. Remarkable home design with impressive resort style outdoor living spaces. Expansive glass pocket doors and wall of elegant French doors paired with soaring cathedral ceilings with a grand living area allows for seamless indoor/outdoor luxury living & effortless entertaining. All while enjoying the fabulous view of the McDowell Mountains.

View Property

8537 E Los Gatos Drive Scottsdale, AZ 85255

$3,390,000

5 Beds

4.5 Baths

4,590 SqFt

Status Active Under Contract

MLS # 6714679

Property Type Single Family Residence

Price Type --

Experience luxury living in the exclusive gated community of Los Gatos, North Scottsdale. Designed by renowned builder Geoffrey Edmonds, this home features a charming front courtyard and a meticulously crafted floor plan that provides an open and flowing main living space, ideal for daily living and entertaining friends and family. The light-filled interiors boast expansive windows with views of the landscaped backyard. The large eat-in kitchen is equipped with wood floors, wood beams, an island with a sink, extensive granite countertops, six-burner gas range, side-by-side refrigerator and freezer, and a warming oven, all seamlessly connecting to the family room with a fireplace. A formal dining room offers additional dining options. The principal suite, located apart from the ... three guest bedrooms, includes a sitting area with a fireplace. A separate casita with a refrigerator and microwave enhances guest privacy. Large multi panel glass doors lead to patios, both covered and uncovered, perfect for Arizona's outdoor living lifestyle. The sprawling backyard features lush green grass, a pool with a water feature, a spa, an outdoor kitchen with a built-in BBQ and refrigerator, and a gas fire pit. The north/south orientation boasts a panoramic view of the McDowell Mountains and captures sunsets and city lights.

View Property

10629 E Troon North Drive Scottsdale, AZ 85262

$3,380,000

5 Beds

7 Baths

7,443 SqFt

Status Active

MLS # 6666657

Property Type Single Family Residence

Price Type --

Welcome to your dream oasis in the heart of the luxurious gated community of Talus at Troon North. This stunning Italian-inspired Custom Home is a masterpiece of architectural elegance and timeless design. Nestled on an expansive ~1-acre corner lot, this home enjoys the utmost privacy within a serene cul-de-sac setting. As you approach the residence you are greeted by a grand gated entry courtyard adorned with two majestic fountains and lush landscaping, setting the tone for the opulence that awaits inside. With a spacious 7,443 SF of living space, this five-bedroom, seven-bath estate offers an impressive array of features and amenities. The main level of the home boasts a functional & well-thought-out floor plan. Three generous bedrooms PLUS 420SF Casita plus Office (CLICK ''MORE'')... Four bedrooms on main level plus a stunning ensuite office w/ closet, private patio and calming water feature, all ensure ample space for family and guests. The upstairs area is dedicated to entertainment, featuring a media/game room with an exterior balcony that provides breathtaking views. This upstairs compound has bath, deck, closet & kitchenette= BR5. For those seeking additional privacy, an ensuite guest casita with a kitchenette, closet and private entrance can be found off the charming front courtyard. This home is a paradise for those who love to entertain. The kitchen seamlessly connects to the family room, complete with a wet bar and convenient access to the wine cellar, which is large enough to accommodate a tasting table. The kitchen itself is a chef's dream, featuring top-of-the-line appliances, including a Viking gas cooktop, two Wolf wall ovens, two Asko dishwashers, three sinks, and dual Sub Zero fridge/freezers. The master suite is a sanctuary of luxury, occupying its own private wing of the home. It includes a cozy sitting room with a fireplace, a sumptuous bathroom highlighted by a sunken jetted tub framed with Cantera stone columns and an inviting fireplace. Additionally, there is a safe room and even a hookup for a washer/dryer in one of the three walk-in closets, providing ultimate convenience. Every inch of this residence exudes elegance and sophistication. It is loaded with first-class amenities, including fresh interior paint and new carpet, a domed entry ceiling, an exotic pool and spa surrounded by travertine pavers (recently refinished), a three-car garage with an extra detached bay for a total of four car garages, and a total of five fireplaces throughout the home for added warmth and charm. Cantera stone accents adorn both the interior and exterior, while polished travertine flooring and electronic shades add to the overall sense of luxury. This home is simply impressive and offers a lifestyle of grandeur, elegance, and sophistication. Don't miss the opportunity to make this exquisite Italian-inspired residence your own, and experience the epitome of luxury living in the exclusive Talus at Troon North community.

View Property

6436 E Clinton Street Scottsdale, AZ 85254

$3,371,250

5 Beds

5.5 Baths

5,071 SqFt

Status Active

MLS # 6716201

Property Type Single Family Residence

Price Type --

NEW from Thomas James Homes with an opportunity to select some interior finishes during early stages of construction! This house has a great address, great schools and great views. Sitting in the highly desirable Scottsdale neighborhood, this beautiful 5 bedroom, 5.5 bathroom is the definition of exceptional design. Wide plank wood flooring, decorative ceiling and wall treatments, including beams and wood paneling, impressive custom lighting, outstanding millwork, stone and tile accents, a gorgeous floor to ceiling fireplace, shaker cabinetry and a 4-car garage are just a sampling of the outstanding finishes going into the home. The large single story open concept floorplan is expertly crafted with a large interior courtyard leading to the home's entrance. Inside you'll find a large great room and luxury kitchen joined by a large quartz countertop island. The grand suite hosts a large his and hers walk-in closet and a spa like bathroom with a freestanding soaking tub and walk-in shower. The secondary bedrooms throughout the home have en-suite bathrooms. In addition to the bedrooms, you'll find ample added living space with a private office and a kitchen prep area adjoining a bonus room and a game room. Home will feature fully landscaped front and back yards with a pool and spa, providing great Arizona outdoor living space. Expected completion in Summer of 2025.

View Property

5215 E Lafayette Boulevard Phoenix, AZ 85018

$3,369,000

5 Beds

5.5 Baths

5,209 SqFt

Status Active

MLS # 6775398

Property Type Single Family Residence

Price Type --

Welcome to a rare mid-century modern retreat on a huge 36,440 sq. ft. lot updated to todays standards. This 4,305-square-foot main house, plus an additional 904-square-foot guest house, offers four bedrooms and 4.5 baths in the main home, brand new roof and high-efficiency AC units, both with a 10-year warranty. The open layout, floor-to-ceiling glass walls, and iconic architectural lines draw in natural light and frame stunning views of entire Camelback Mountain. The guest house is equipped with a full bath, kitchenette, and private entrance. The expansive backyard is ready for gatherings, with a bocce ball court, sand volleyball court, peaceful pavilion and firepit. Original Architecture done by George Kenneth Rubel.

View Property