Housing news was boosted by the National Association of Home Builders Housing Market Index, which posted its highest readings since July of 2002. In other news, the Federal Reserve’s Federal Open Market Committee voted to raise the federal funds rate and Fed Chair Janet Yellen gave a press conference. Mortgage rates rose and weekly jobless claims fell.
Home Builder Confidence Highest in 14 Years, Home Construction Lags
According to the National Association of Home Builders, builder confidence in housing market conditions reached its highest rate since 2002 in December. The NAHB Housing Market Index reading topped out at 70 as compared to November’s reading of 63. Analysts said that December’s high reading resulted from a post-election bump in builder confidence. While high builder confidence could bode well for supplies of new homes, construction rates continued to lag strong economic indicators such as low unemployment and high demand for homes. While builders gained confidence in current and projected housing market conditions, they continued to face shortages of labor and buildable lots.
Fed Raises Rate
The Federal Open Market Committee of the Federal Reserve announced it would raise the federal funds range by 0.25 percent to 0.50 to 0.75 percent. FOMC said strengthening job markets, lower unemployment and rising household spending supported the decision to raise the federal funds rate. Inflation, while below the Fed’s target of 2.00 percent, is gradually moving toward the Fed’s medium term goal. FOMC’s statement indicated that the Fed’s monetary policy would remain accommodative.
Fed Chair Janet Yellen held a press conference and cited “considerable progress” toward the Fed’s dual mandate of maximum employment and price stability as factors supporting the decision to raise the target federal funds range. Labor markets continue to improve; Chair Yellen said that the economy has added 180,000 jobs per month over the last three months. 15 million jobs have been added in the past seven years. Inflation is growing gradually, and the Fed expects to achieve its target inflation rate of 2.00 percent over the next two years.
Month-to-month consumer spending readings held steady at 0.20 percent growth. Core consumer price index data, which excludes volatile food and energy sectors, rose from 0.10 percent to 0.20 percent in November.
Mortgage Rates, Weekly Jobless Claims
Mortgage rates were higher last week, but Freddie Mac said that its survey data was collected before FOMC raised the federal funds rate. Analysts at Freddie Mac suggested a wait-and see position on rate forecasts due to the changing political climate. The average rate for a 30-year fixed rate mortgage was three basis points higher at 4.16 percent; the average rate for a 15-year fixed rate mortgage rose one basis point to 2.37 percent and the average rate for a 5/1 adjustable rate mortgage was two basis points higher at 3.19 percent. Average discount points for fixed rate mortgages held steady at 0.50 percent and dipped to 0.40 percent for a 5/1 adjustable rate mortgage.
New jobless claims were lower last week at 254,000 claims filed. Analysts had expected a reading of 250,000 new claims based on the prior week’s reading of 258,000 new claims filed. Volatility in weekly readings for new jobless claims can be expected due to seasonal hiring and layoffs.
What‘s Ahead
Next week’s economic releases include readings on new and previously-owned home sales, inflation and consumer sentiment. Readings for mortgage rates and new jobless claims will also be released.
Click Here to See What Your Home is Worth
10927 E Windgate Pass Drive Unit 1519
Scottsdale, AZ 85255
$21,750,000
6
Beds
6.5
Baths
10,248
SqFt
Status
Active
MLS #
6688744
Property Type
Single Family Residence
Price Type
--
SILVERLEAF GOLF MEMBERSHIP OPPORTUNITY AVAILABLE! Discover an exceptional estate nestled in Silverleaf's Upper Canyon, boasting breathtaking mountain and city vistas. Situated on a rare near-level 2.15-acre lot, this property features expansive grounds with meticulously manicured gardens, offering an array of outdoor entertaining possibilities. Revel in the full outdoor kitchen with a pizza oven, elevated seating area, fire pit, and resort-style pool and spa. This single-level home spans 10,248 square feet and encompasses 5 bedrooms, 6.5 bathrooms, along with a dedicated office with bathroom or potential 6th bedroom. A separate detached guest casita adds to the allure. Unparalleled renovation by Salcito Custom Homes and Salcito Design Group... The residence showcases a gourmet kitchen, a great room complemented by a stunning built-in bar, and boasts the ...finest finishes throughout. From stone and wood flooring to hand-applied Venetian plaster walls and ceilings, no detail has been overlooked. The property boasts a wealth of upgrades, including a Crestron audio/video system, Lutron lighting and shade system, custom pre-finished engineered wood plank flooring, and exquisite slabs of Cristallo Bianco Classic and Taj Mahal Classic marble. Notable features also include Albertini Italian steel entry doors, Loewen wood clad windows, Wolf, Sub-Zero, and Miele appliances, and custom wood cabinetry by Arizona Custom Cabinets. Enjoy the luxury of Carrier Greenspeed HVAC, and Chesney's European marble fireplace surrounds in the living room and master suite. Experience unparalleled luxury living amidst the natural beauty of Silverleaf's Upper Canyon.
7540 N Red Ledge Drive
Paradise Valley, AZ 85253
$21,000,000
5
Beds
7
Baths
11,500
SqFt
Status
Active
MLS #
6652584
Property Type
Single Family Residence
Price Type
--
Step into the future of architectural brilliance with this forthcoming masterpiece, the 11,500-square-foot modern home Whispering Heights (one of 2 executive homes in ''SaddleridgeLiving'' Development) that has been designed and will be built by renowned architect Ivan Shongov of architekshon, Inc, alongside Kurt Holland of Incline LLC in the prestigious Clearwater Hills community on one of the highest and most coveted view lots in Paradise Valley. This contemporary haven stands as a testament to innovation, luxury, and the seamless integration of design and nature. Architectural Marvels: Envisioned by a luminary in the field, this modern marvel transcends traditional boundaries. The design seamlessly merges sleek lines, expansive glass, and cutting-edge materials to create a residence that not only defines modern living but redefines it. The cantilevered infinity pool is thoughtfully designed with sheer artful streams of water that cascade over the pool's edge, gracefully descending to meet the first floor. Unrivaled Views: Situated on a sprawling 5-acre estate, this home offers unparalleled views of Mummy and Camelback Mountain. Experience the ever-changing panorama from nearly every corner of the home, where nature becomes a living canvas. Environmental Harmony: Designed with a commitment to environmental preservation, this residence minimizes intrusion on the natural surroundings, allowing you to coexist harmoniously with the beauty of the landscape. Exclusive Privacy: Nestled within the 24-hour attended gated Clearwater Hills community, it features its own private gated entrance and a majestic ~3,000-foot drive, which it shares with just one other Saddleridge estate home. Luxurious Features: Indulge in the amenities of this exquisite residence, featuring his and her offices, a home fitness studio and sauna, dual primary suites, a chef's dream kitchen with a butler's pantry, movie theatre, wine room, a circular glass elevator and a pool cabana. The five-car garage, roof terrace, and state-of-the-art home automation complete this unparalleled living dream. Experience a sense of liberation and escape in the middle of the fifth largest city in the country. The design and location make you feel like you're in a different cosmos, providing a retreat from the hustle and bustle while being close to Scottsdale and Phoenix airports. Whispering Heights is not just a dwelling; it's an elevated lifestyle, a retreat where architectural innovation meets natural splendor, offering privacy, luxury, and an unparalleled sense of being on top of the world. Welcome to your future haven in the sky. Don't miss the video!
5704 N Wilkinson Road
Paradise Valley, AZ 85253
$20,495,000
6
Beds
8
Baths
11,050
SqFt
Status
Active Under Contract
MLS #
6780701
Property Type
Single Family Residence
Price Type
--
Introducing an extraordinary opportunity from Patterson Homes—one of the last chances to own on one of Paradise Valley's most prestigious streets. This 11,000-square-foot residence has been thoughtfully designed to maximize breathtaking, unobstructed views of Camelback Mountain and The Monk. The home offers a seamless blend of indoor and outdoor living, perfectly framing Arizona's stunning natural beauty. Don't miss this rare opportunity to claim a piece of Paradise Valley's finest real estate.
41917 N 101st Place
Scottsdale, AZ 85262
$20,000,000
5
Beds
8
Baths
9,900
SqFt
Status
Active
MLS #
6775439
Property Type
Single Family Residence
Price Type
--
Simply the ultimate new build project in Desert Mountain. This stunning masterpiece was created by a world class design and build team headed by renowned award winning architect, Erik Peterson of PHX Architecture. Every aspect of this home has been carefully crafted by the team for maximum effect on likely the last premier lot remaining in the 8200 acre community. The property rests high above the surrounding homes and offers spectacular mountain, valley, sunset and city light views. Majestic saguaro cactus surround the building envelope. This structural marvel will be constructed to the highest standards by elite valley home builder Platinum Homes. Please view the virtual tour video attached. This home is designed for those who desire the absolute best in Desert Mountain living.
4301 E Upper Ridge Way
Paradise Valley, AZ 85253
$19,995,000
4
Beds
7
Baths
7,998
SqFt
Status
Active
MLS #
6760263
Property Type
Single Family Residence
Price Type
--
Perched between two mountain peaks, the Upper Ridge Residence is an exquisite 8,000 +/- sf custom home on almost 7 acres of land that was designed and built by The Construction Zone. The home is a modern steel and glass pavilion that reaches the highest level of fit and finish in the industry. The home's double height entry is flooded with natural light from the overhead skylights which highlight the finished materials and house the handcrafted steel and glass staircase leading up to the main level. The primary spaces occupy the upper level which is clad almost entirely in glass and offers panoramic views of the Valley of the Sun. The lower level of the exterior is clad in rusticated limestone, giving a sense of solidity and grounding the house into the rocky site. The interior palette presents a serene contrast to the raw desert. A smooth, oversized neolith floor echo's the creamy tones of the stone walls and crisp interior steel detailing outlines the white walls. An overhead planked oak ceilings adds warmth to the space and ties into the custom millwork throughout the home. Sliding glass walls open to maximize the indoor/outdoor livability of the space. Whether entertaining by the fire under the steel and wood shade structure or floating in the rooftop pool, spectacular views of the city and distant mountains beyond can be appreciated year round. The primary bedroom has two separate walk-in closets with lighted cabinets and bronze mirrors. The two primary bathrooms include custom floating vanities by Ak Studio. One bathroom features a sculptural soaker tub by Boffi and the other features and unbelievable indoor/outdoor shower with starlight and city views. The detached private home office is accessed through custom sliding glass doors which lead you into the ebony wood clad space. It has 360-degree views, a lounge with custom fireplace and an amazing steel-clad bar. The home is Crestron fully automated with lighting, shade, climate, audio and video controls. To make the home accessible to all, the home is equipped with a a fully finished elevator located in close proximity to the staircase. The home theater room features a 135-inch projection screen with Dolby Atmos surround sound and 4k video. When not in use the blackout shades open to a stunning downtown city view. In addition to the home theater and fully outfitted gym on the lower level there is also a separate laundry room as well as two en suite guest rooms each with views spanning across the Valley. The four-car garage will showcase the finest of automobiles in a highly finished, conditioned space. At one end you'll find a specialty room accessed thru a custom sliding glass door. This steel-clad room could serve as a hobby space, art studio or an additional unique living space. Upper Ridge Way sits on a total of 3.45 acres which offers an extreme level of privacy. Finished in 2022, this exquisite home is incredibly unique and is sure to appeal to those with the most discerning of tastes.
21423 S 147th Street
Gilbert, AZ 85298
$19,995,000
5
Beds
5.5
Baths
9,326
SqFt
Status
Active
MLS #
6763840
Property Type
Single Family Residence
Price Type
--
Welcome to Ocotillo Sunset Ranch Nestled on a breathtaking 4.35 acres, this property is more than just a home—it's your personal sanctuary offering an exceptional lifestyle. As you enter through the grand foyer, you'll be greeted by soaring ceilings, beautiful natural wood floors, and an abundance of natural light that fills the expansive interior. The perfect blend of sophistication and practicality awaits you. The lavish primary suite is a true retreat, featuring a spacious layout, a cozy fireplace, and a luxurious ensuite bathroom complete with a soaking tub, dual vanities, and a separate shower. Discover the epitome of luxury in the stunning two-story closet, where style meets functionality. This thoughtfully designed space showcases your wardrobe with soaring ceilings, custom lighting, and elegant finishes. The main level also offers tailored storage solutions, including custom shelving and spacious drawers to keep your clothing and accessories impeccably organized. For moments of tranquility, the nearly 4,000-square-foot day spa serves as a peaceful retreat. Enjoy a sauna, steam room, hot tub, cold plunge, yoga room, and massage areaan ideal escape from daily stress. Outdoor enthusiasts will love the expansive grounds, featuring a thrilling private go-kart track and a resort-style pool area. The pool oasis, complete with a spa and cabana, is surrounded by lush landscaping and stunning views. The estate also boasts an incredible 6,000-square-foot entertainment facility. The Hideaway that redefines leisure and entertainment. At its heart is a state-of-the-art chef's kitchen equipped with top-tier appliances, custom cabinetry, and a spacious islandperfect for culinary gatherings. Enjoy year-round practice with a cutting-edge golf simulator and putting green, as well as a dedicated gaming station with the latest consoles for epic game nights with friends. Dance enthusiasts will appreciate the fully equipped dance studio with mirrored walls and professional flooring, while a private batting cage provides endless entertainment for sports lovers. The Hideaway also includes an upper level studio apartment, a well-appointed workout room and a lounge area for memorable gatherings. Additionally, the estate features a meticulously designed private gun range with two lanes, combining expert craftsmanship with state-of-the-art safety features for a unique shooting experienceperfect for honing your skills in a luxurious setting. Conveniently located near top-rated schools, upscale shopping, fine dining, and major commuter routes, this extraordinary estate offers the perfect balance of privacy and accessibility. Don't miss your chance to experience the pinnacle of luxury living.
11098 E Whistling Wind Way Unit 1851
Scottsdale, AZ 85255
$19,995,000
6
Beds
8
Baths
9,517
SqFt
Status
Active
MLS #
6621229
Property Type
Single Family Residence
Price Type
--
Incredible Opportunity to purchase a Brand-New Luxury Modern Estate in the highly desirable Silverleaf Summit with spectacular elevated city light views, surrounding mountain ranges, and golf course views below. Home under construction w/ an est completion Spring of 2025 saving you years of approval time for new builds. The pristine and tranquil setting of this 1.97-acre property provides the perfect location for this 9,517 livable sq ft home with no steps on the main floor & entire backyard areas. Secured behind private automated drive gates this home has 6 bedrooms, 8 baths, a huge Game/Entertainment room, Office, 2nd kitchen, Elevator, & upstairs family room. Artfully crafted by Sommer Custom Homes and Architecture by Cosan Studio. The Main-level of the home offers four full bedroom suites with beautiful bathrooms & large walk-in closets as well as the many common area rooms and encompasses most of the home's livable sq. ft. at 7,764. Two of the secondary bedrooms are set up as guest suites with oversized rooms large enough for a sitting area, private patios that open to the backyard amenities and city light views and their bathrooms have two sinks, lots of counter space, and toilet rooms. The third secondary bedroom suite is spacious and contains a full bath and walk-in closet. This suite has a private patio off the front corner of the home with mountain views and could be a great space for an Exercise room or can be used as another bedroom suite. The fourth Main level suite (Owner's Suite) is very private and far removed from all other guest rooms and public spaces. City light and mountain views are enjoyed from within the room and from the covered patio with direct access to rear yard amenities. The bathroom has city views, an outdoor shower also overlooking the city below, and his and her toilets. The closets are spacious and there is a hidden closet behind for a saferoom concept or other hidden storage needs. The Upper-level livable sq. ft. is 1,753 and accessed by the elevator or the staircase and has two more full bedroom suites that are very spacious with walk-out balconies that capture great views of the mountain range to the North and have full bathrooms with toilet rooms and walk-in closets. There is also a secondary family room and a sitting area with lots of natural light and great views of the mountains to the south. The large kitchen has city light views over the backyard turf and pool areas and opens to the covered rear patios and the adjacent Great room. The large 12' x 5' island contains a prep sink, appliances, trash pullouts, and plenty of workspace with seating off the back side. The main sink is on a window wall and faces out to the gorgeous city views and backyard amenities. Behind the kitchen is a large fully functional Prep Kitchen which also serves as the pantry. This space is ideal for entertaining to keep the mess well hidden from the public areas and has direct access to the outdoor kitchen/barbecue space and another access straight to the garage entry hall for easy loading of groceries and supplies. The Great room is anchored by a large stone-clad fireplace and surrounded by floor to ceiling windows and automated sliding doors. The city light views from this room are stellar and showcase the incredible architecture and fine finishes of the home. This space opens to the rear covered patios and is semi open to the large Entertainment room and Bar/Lounge area. The expansive Entertainment room leaves nothing to be desired in a space which allows you to enjoy anything that life offers you from small family gatherings to large festive parties or just chilling out on your own. This space has plenty of room for multiple game tables, spacious lounge seating arrangements, one entire corner dedicated to media/theater experience, and a gorgeous indoor/outdoor bar with windows that open and connect the interior experience with the bar patio's outdoor activities. The room also has pocket doors opening to the main patio allowing the two environments to become one enormous space. The Formal Dining room overlooks the beautiful front courtyard fountain & fireplace and has a climate-controlled wine storage enclosure made of glass for a beautiful display from all sides. Other amazing features of this home include: Automated driveway gates near the street protect the long driveway up to the home which is set back far off the street for maximum privacy and security. Private garage courtyard area not visible from guest arrival front entry areas. Light filled staircase tower with floor to ceiling windows showcasing the artistry of the floating staircase and the glass elevator. Wood ceilings on the covered patios and most of the indoor public spaces. Guest sitting area off the two Main level Guest Suites. Two laundry rooms. Oversized 4-car garage with wall mount operators and storage room. Larger than average one-acre+ building envelope allows for a large backyard and spacious outdoor amenities. The front courtyard is gated to the guest arrival area and has a beautiful seating area with a fireplace, fountain, gardens, and views of the surrounding mountains. Spacious and deep rear patios with ceiling heaters, a two-way stone clad fireplace, outdoor kitchen & barbecue with dining table area and plenty of lounge seating all looking over the large green turf and pool areas out to the city views below and surrounding mountain ranges. 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.
21868 E Stacey Road
Queen Creek, AZ 85142
$19,500,000
3
Beds
11
Baths
16,109
SqFt
Status
Active
MLS #
6733951
Property Type
Single Family Residence
Price Type
--
Introducing Misión Veintidós (Mission Twenty-two). This amazing Pegasus Airpark (5AZ3), Queen Creek, AZ home was inspired by classic Spanish style mission architecture. The unique mission style entrance to the home is through a breezeway gate which leads you to a stunning courtyard view of the estate. This estate of 32,000 sq ft of luxury living, with an incredible 26,000+ sq ft of conditioned space has 16'' thick walls for style and maximum efficiency. Perfectly situated on North South double lot, taking a massive 350' of taxiway, sits the main residence on three levels and includes all these features: A 10,000 sq ft steel construction Hangar with Full HVAC, Epoxy coated floor, ''Big Ass'' Fan, Pocket style main hangar doors with an 78'x17' clear opening. Flight office, Storage room, Downstairs bathroom, Interior stairs to mezzanine with bar, Upstairs bathroom, Balcony, Two motorized vertical opening 20 ft glass garage style doors facing the courtyard. A massive courtyard featuring: 2,000 feet of covered breezeways, Multiple swimming pools with fountains and firepots, Covered outdoor full kitchen under a mission style bell tower, Lit Pickle ball/basketball sports court & Putting green, Sand Volleyball court. The main house has a 5,000 sq ft Basement: bowling alley, 75 ft shooting range, Tiger Woods' (Full Swing Pro 2.0) Golf Simulator, Wine Cellar, Walk-in vault, Storage room, Bathroom, Interior and exterior stairs. Next is a 2000+ sq ft detached Master Bedroom: Custom his and her walk-in closets, Separate bathrooms and linens, Large walk-in shower & separate tub, Incredible ceiling details with accent lighting, Multiple balconies, Bar, Fireplace, sliding doors. Master Spanish Garden: with water and fire features. General Design considerations: 16 double insulated walls which are quieter, more energy efficient and style correct as seen in the deep-set windows and doors, The extensive iron work is amazing, Custom railing with HH monogram, windows with iron details. Don't miss these details: clear view elevator from basement to second story sized for wheelchair access. Wired Cameras access from internet. Automated lighting. Security System Hidden AV closet Luxury full-service guest suites with spa like bathrooms, suites include laundry and bar in each 2834 sq ft 2nd Story with Gym, spa and sauna, gym bathrooms & laundry. Large outdoor balcony, firepit, incredible views of the Superstition and San Tan mountains Balcony sliding windows overlooking the courtyard. Firepole slide down from gym to first floor hidden door Formal living room 30' sliding glass doors with view of hangar 28' ceiling with massive beams Oversize castle style fireplace Gourmet kitchen with Baking center Sub Zero Wolf appliances, Easy access from vehicle to kitchen, Fully equipped Butler's Pantry. Dark and smokey (informal sitting room) Floor level gas fireplace Full bar Bathroom Large sliding window overlooking courtyard pool. Too many features to list.
7256 N 40th Street Unit 6
Paradise Valley, AZ 85253
$19,400,000
5
Beds
6
Baths
10,170
SqFt
Status
Active
MLS #
6750710
Property Type
Single Family Residence
Price Type
--
Discover the Amber residence in Crown Canyon, Arizona's most exclusive gated community. Nestled into the canyon while spanning a desert wash, this home embraces adjacent boulder formations of the canyon with stunning views of Camelback Mountain from the heart of the home. Saguaro soldiers welcome you to this one-of-a-kind home that draws its inspiration from the surrounding natural mountain preserve. Dramatic rooflines frame this modern glass and steel estate with 3 masterful floating glass bridges connecting the primary suite. Oversized windows and pocket doors throughout the estate showcase the pristine desert surroundings while maximizing the indoor-outdoor living experience. We welcome you to experience the timeless luxury and privacy that the Amber estate has to offer. 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.
10719 E Rimrock Drive
Scottsdale, AZ 85255
$18,900,000
6
Beds
8
Baths
13,961
SqFt
Status
Active
MLS #
6748995
Property Type
Single Family Residence
Price Type
--
ACCEPTING BACK UPS Warm and welcoming, nestled on a flat pad, motor court and zero grade entry both at the main house and detached guest house. Access front-and-rear yard without elevation changes. Secondary family room, wet bar and additional bedrooms are all on the upper level, offering views. Enjoy 'sprawling front row seat experience of Silverleaf's vibrant golf course, diamonds in the skies and city lights below at night and captivating mountain views throughtout the day. Flawlessly crafted; meticulously maintained by valley's renowned luxury home builder, Desert Star Construction. This signature address encompasses of over 9 acres; 13,961 square feet of living space to including 1,789 SF 2 bedroom guest home. Golf Membership and Furnishings can be available. LEED certified; with geothermal heating and cooling energy efficiency. Amenities include a baker's prep kitchen, butler's pantry, wine room, 13 limestone fireplaces, plaster walls, custom cabinetry and solid hand-hewn walnut doors. Alfresco amenities include an incredible pool and spa, low maintenance lawn, and a wealth of lounge and dining spaces. Horseshoe Canyon at Silverleaf is known for its prestige, lower density and highest level of security. This masterpiece exudes pure timeless elegance, privacy, and craftsmanship. SEE MOTION VIDEO
6041 E Foothill Drive
Paradise Valley, AZ 85253
$18,850,000
4
Beds
5.5
Baths
11,850
SqFt
Status
Active
MLS #
6741630
Property Type
Single Family Residence
Price Type
--
This majestic modern mountain home, nestled in the serene foothills of Mummy Mountain, offers expansive views and an unparalleled blend of luxury and craftsmanship. In collaboration with the esteemed luxury home builder Mike Graham of American First Builders and CP Drewett of Drewett Works Architecture, this architectural masterpiece is designed for the discerning homeowner who values sophistication and meticulous attention to detail. With an expansive living area of 11,850 square feet, this residence has been meticulously designed for both comfort and luxury. The breathtaking view corridors showcase the stunning McDowell Mountain range, Four Peaks, and the twinkling city lights, creating an exquisite backdrop for this exceptional property. The main level features a spacious Great Room and open kitchen that seamlessly integrates with a private dining space, all offering stunning mountain vistas. The luxurious Primary Suite provides a serene retreat, while the outdoor entertaining spaces are perfect for gatherings and enjoying the beautiful surroundings. A private guest casita offers a secluded and comfortable space for visitors. Additionally, an optional fifth bedroom is available, allowing for flexible use as a guest room, office, or studio to suit your needs. The two-car garage is conveniently located for easy access, and the outdoor spaces feature ample room for entertainment as well as a private sanctuary to relax and enjoy the pool and spa. On the upper level, two guest en-suites each feature their own private patio, extending the living experience outdoors. The lower level boasts a generous workout space with supreme views, an infrared sauna and steam shower for relaxation, a bar and theater room ideal for entertainment and leisure. Additionally, a five-car garage provides ample parking and storage space, bringing the total to seven garage spaces. We invite you to experience the privacy and refined allure that this spectacular residence embodies.
7150 N 40th Street Unit 11
Paradise Valley, AZ 85253
$17,800,000
5
Beds
6.5
Baths
9,333
SqFt
Status
Active
MLS #
6753729
Property Type
Single Family Residence
Price Type
--
Discover the Ruby residence in Crown Canyon, Arizona's most exclusive gated community. Ruby's organic design nestles harmoniously into the north facing slope of the breathtaking two-acre parcel with both framed canyon views and distant vistas of Paradise Valley. This project embodies southwestern contemporary design with an organic stone plinth that grounds the program into the hillside. Horizontal steel blades cantilevering out above the desert floor below provide shade in the harsh climate while maximizing indoor and outdoor living. The palette draws warmth from the canyon geology, allowing the project to blend harmoniously with the pristine desert. The design amplifies and channels views from all spaces while providing an impressive 7 show car garage concealed into the stone plinth with oversized pocket doors that enrich the organic design. This set the stage for the sensational two-story glass atrium with floating stairs, double height pivot door, and a floating bridge which takes you to your private master suite, featuring exercise/spa area, office, laundry room, master closet and two water closets. The core of the living and entertainment space are situated on the western wing, capturing desert sunrise views and allowing for seamless flow to the elevated outdoor terrace and pool deck. Enjoy everyday living on top of the world! 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.