What’s Ahead For Mortgage Rates This Week – January 30, 2017

Last week’s economic news included readings on new and existing home sales and mortgage rates. Also released were reports on new jobless claims and consumer sentiment.

New and Existing Home Sales Lower in December

According to the U.S. Commerce Department, sales of new homes fell to 536,000 sales on a seasonally-adjusted annual basis. This reading was markedly lower than the expected rate of 595,000 sales and November’s reading of 598,000 sales. Analysts said that the drop in new home sales indicated that the housing sector is still experiencing a rocky recovery. December’s reading for new home sales was 10.4 percent lower than December’s adjusted reading of 598,000 sales. December’s reading was 0.40 percent lower year-over-year.

The median sale price of new homes was $322,500 in December, which was 4.30 percent higher than in November and 7.90 percent higher than in December 2015. The dip in sales has increased inventory of available homes to a reading of 5.80 months needed to sell all new homes presently available. Real estate pros typically consider a six-month supply of homes for sale a normal inventory.

In related news, sales of pre-owned homes were also lower in December. The National Association of Realtors® reported December sales at 5.49 million on a seasonally-adjusted annual basis; this reading was lower than expectations of 5.51 million sales and November’s reading of 5.65 million sales. The slower rate of sales may signal that home prices have topped out; there is also a very low inventory of available pre-owned homes for sale as compared to demand. Sales of pre-owned homes were 2.80 percent lower than November’s reading, which was the highest rate of existing home sales since 2007. Sales of pre-owned homes were 0.70 percent higher year-over-year.

Winter weather and holidays may have contributed to lower home sales in December, but higher prices, tough mortgage requirements and a low supply of available pre-owned homes were seen as obstacles to completed home sales for December.

Mortgage Rates Mixed, New Jobless Claims Rise

Freddie Mac reported higher fixed rates for mortgages last week. The average rate for a 30-year fixed rate mortgage rose 10 basis points to 4.19 percent; the average rate for a 15-year fixed rate mortgage rose six basis points to 3.40 percent. The average rate for 5/1 adjustable rate mortgage fell by one basis point to 3.20 percent. Discount points for fixed rate and 5/1 mortgages averaged 0.40 percent.

New jobless claims exceeded expectations of 250,000 new claims with a reading of 259,000 new claims and the prior week’s reading of 237,000 new claims. Analysts said that volatility is common with new jobless claims in January. There were few layoffs reported and good news that the new jobless claims rate remained below the benchmark reading of 300,000 new claims for the 99th consecutive week. This milestone was last seen in 1970.

The four-week rolling average of new jobless claims fell by 2000 to an average of 245,900 new claims filed; this was the lowest reading since 1973.

Consumer sentiment rose to 98.5 which surpassed the expected reading of 98.2 percent and December’s reading of 98.1 percent.

Whats Ahead

Multiple readings on housing and labor related data will be released this week. Scheduled releases include pending home sales, Case-Shiller Housing Market Indices and construction spending. Reports on inflation and core inflation are due along with readings on non-farm payrolls, ADP payrolls and the national unemployment rate.

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1450 E Royal Palm Road Phoenix, AZ 85020

$1,400,000
7 Beds
4.5 Baths
3,550 SqFt
Status Active
MLS # 6718077
Property Type Single Family Residence
Price Type --
These homes are on two side by side lot addresses we combined as a compound of 3 living spaces on the property !! Location Location Location . Tuscany Vineyard and an Orchard Villa next door combined right at the Phoenix Mountain preserve. 2 guest venues totaling 7 bedrooms, 4 1/2 bath, lofts, vaulted ceilings, columns, mosaics in travertine. The'' Main House'' Kitchen features Teppanyaki venue, granite and gibralter counter tops , pass through serving windows to pool area. Home is made for entertaining w/ wet liquor bar and wet butler center. Bathroom fireplace, radiant heated floor in kitchen and bath. Loft, leaded glass window are the kind of features setting the property's feel. Property has pool, raised Trex decks for entertainment and outdoor living. French drains..... Guest #1 2024 new AC unit, has a loft with mountain views, fireplace, copper accents. Curved wall bathroom. .Guest# 2 venue has, olive, orange, elevated grow spaces , brand new mini split in guest house.Golf putting green with rough. Bonus office/gym/rec space or bedroom use lock off. 2 out buildings with a gated car space. Low maintenance yard. Ready for buyer to convert to Vacation Rental venues or entertain extended family or Multi -generational family living compound . NO HOA Neighborhood is known for Piestwa Peak parrots. Dreamy Draw Park mountain terrain hiking, biking, horse trails, and Canal trail access. The Property is near a resort with Tocasierra spa membership available w/ tennis courts. Quiet Street, Circle drive parking. Near eclectic neighborhood restaurants. Enjoy major sporting events, Superbowl, TCP Golf. Parades. Arabian Horse shows. Barrett Jackson, cultural events and Casinos. Water Skiing, Winter skiing (2 hrs). Sedona (1 1/2 hrs). Flagstaff alpine( 2 hrs). Grand Canyon 3 1/2 hrs. Palm Springs 4 hrs. Las Vegas 4 hrs driving. Centrally located close to Freeway access, airport, and all transportation. Phoenix living in this neighborhood is a great lifestyle. Can sell property as separate homes but prefer a buyer for it all. Selling AS IS

7055 E Brilliant Sky Drive Scottsdale, AZ 85266

$1,400,000
3 Beds
3 Baths
1,687 SqFt
Status Active
MLS # 6748816
Property Type Single Family Residence
Price Type --
This gorgeous Novus plan has been completely transformed by the talented crew at Scottsdale Investment Props. All new everything from the cabinets to the floors & counters this split plan great room home has high flat ceilings w/large pocket door for indoor/outdoor living AND detached casita. Located on a south facing lot backing open space & a quick walk to the club makes this an ideal location far from any busy streets. Finishes are top notch including engineered hardwood & tile floors, raised panel 42'' cabinets w/hardware, satin plumbing fixtures, quartz counters, custom gas fireplace w/large format tile surrounds, ceiling fans, LED lighting throughout, ss appliances, etc. Back yard features covered patio, fire pit, b-in bbq, & tiled decking w/low maintenance landscaping.

8982 E Rusty Spur Place Scottsdale, AZ 85255

$1,400,000
3 Beds
2 Baths
2,062 SqFt
Status Active
MLS # 6733023
Property Type Single Family Residence
Price Type --
What an incredible opportunity to live in one of the most desired master planned communities in the entire valley of the sun, where active lifestyles meet modern day convenience. Welcome to DC Ranch, a magnificent 4,400 acre upscale master planned community consisting of 4 incredible villages featuring 26 unique neighborhoods with over 28,000 homes and 7000 plus DC Ranch residents. DC Ranch offers a diverse collection of architecture, resident amenities and outdoor experiences including 47 parks and over 50 miles of lush scenic paths and trails that safely guide you through this incredible community. The McDowell Sonoran Preserve surrounds much of DC Ranch and is considered by many residents as the ''backyard'' to the community. The McDowell Sonoran Preserve is the *(Click More)* nation's largest urban land preserve, encompassing 36,000 acres, one-third of the City of Scottsdale totaling 57 square miles. Enjoy hiking and biking? You'll enjoy exhilarating hikes, along with miles and miles of mountain and road biking with endless opportunities to truly enjoy the beautiful Sonoran Desert. The scenic paths and tranquil trails are truly breathtaking! They safely and conveniently connect neighborhoods and guide residents through a collection of exceptional interactive and scenic walkways linking the neighborhoods to the incredible parks, enchanting gardens, grassy play areas, playgrounds, wildlife viewpoints, community pools, recreation areas, award winning schools and Market Street! Market Street is right around the corner, just a minutes' drive, a short walk or bike ride. Market Street at DC Ranch is an upscale, mixed-use lifestyle center nestled within the DC Ranch community. Spanning approximately 37 acres, this vibrant destination boasts a main street theme, characterized by 15 architecturally unique buildings. Visitors can explore a diverse array of distinctive shops and boutiques, savor culinary delights at various restaurants, and enjoy neighborhood conveniences along with live music, all within this charming setting. Additionally, Market Street features office spaces, making it an ideal location for both leisure and business activities. A few of the amazing eateries and numerous local hot spots include Vic & Ola's, Flemings, Grimaldi's, All American Modern Sports Grill, Jalapeno Inferno, Eggstacy, Liberty Station, The Living Room, and Pescada. Residents of The DC Ranch have access to two recreation centers, offering year-round activities to get fit, stay fit and enjoy a healthy lifestyle. The Homestead Community Center and the Desert Camp Community Center blend nicely with community parks providing a ton of amenities including vine covered ramadas, BBQ grills, fire pits, seat walls, shade canopies, adventure playground, grassy play areas perfect for picnics, a heated pool open year-round, splash pad and lighted tennis, pickleball, softball, baseball and basketball courts. The Homestead Playhouse community theatre includes Indoor and outdoor event facilities complete with a commercial kitchen. The opportunities to have fun in the parks, playgrounds and open spaces are truly endless. The perfect place for an evening stroll, bike ride, hike or jog with your friends, family and neighbors. DC Ranch offers a wide variety of classes to help you meet your fitness goals and help you connect with other residents including all levels of yoga, strength and balance, health and wellness and aqua fitness classes. Just a short 30 minute drive to Barlett Lake Recreation Reservoir. It's an outdoor enthusiast's dream destination for action and adventure. With more than 2,815 acres of open water and beautiful, unblemished lush desert landscape. Enjoy kayaking, fishing, scuba diving, camping, stargazing and some awesome off roading. Catch a D-backs spring training game, the stadium is a quick and easy 20 minute drive. DC Ranch is perfectly placed in North Scottsdale with quick and convenient access to the loop 101 freeway. Just 15 minutes to Scottsdale Airpark and 30 minutes to Sky Harbor and downtown Phoenix. This home is carefully set on one of the most amazing lots in the DC Ranch Villas! It's private, with only one neighbor. It's perfect, with incredible orientation for mountain views with no other homes directly in front or behind you. It's oversized, with a big backyard and side yard built for entertaining and surrounded with spectacular scenery and gorgeous views of the McDowell Mountains. This popular single level split floor plan is versatile and currently set up as a 2 bedroom with the Master Suite split to one side and the guest bedroom and den, office or bonus room on the other side. The inviting courtyard welcomes you to a dramatic entry that's light, bright and open featuring soaring ceilings with gorgeous hand scraped Hickory wood flooring, beautiful solid wood Alder doors, rounded corners, art niches, custom window covers, ceiling fans, designer two tone paint and upgraded lighting, hardware and fixtures with decorator touches throughout. The architectural detail is sincerely remarkable and incorporates attention to detail along with wonderful lighting and beautiful lines that create a modern and warm feel and flow. The great room is expansive, cheery, airy and warm with abundant natural lighting, soaring ceilings, a magnificent marble fireplace, custom built in media niche all surrounded by walls of scenic glass inviting the outside in creating an incredible extension of living space to this fabulous floor plan.Like to cook? Enjoy preparing lavish meals and memories in your wonderful open concept chefs kitchen featuring upgraded raised panel maple cabinets with gorgeous beveled edge granite slab countertops surrounded by a decorative backsplash. The kitchen includes a huge breakfast bar, double under mount sink, nice walk-in pantry, scenic picture windows and upgraded appliances complete with a KitchenAid stainless steel refrigerator, 5 burner gas cook top, custom stainless vent hood and built in microwave. The kitchen features a ton of great counter and cabinet space along with a wonderful private patio featuring a Dutch door that allows you to enjoy Arizona's wonderful weather inviting in a cool breeze and some AZ sunshine into your home. Formal dining offers a wonderful seating area showcasing floor to ceiling windows overlooking the scenic natural wash area full of lush desert plantings and stunning views of the McDowell Mountain Preserve. The dining area features an impressive chandelier and offers plenty of space to accommodate large dinner parties as well as intimate gatherings for a wonderful dining experience. Enjoy good food, great friends and memorable dinner parties. You will love this floor plan, it is spacious, yet efficient and combines quality and elegance, perfect for entertaining or a quiet night at home. Just off the hallway is a custom built media niche, perfect for a home office, hobby area or just surfing on the web. It includes rich maple cabinets with ample storage and natural wood countertops, a built-in desk and scenic picture window of the courtyard. The secondary bedroom is good sized with oil rubbed Hickory flooring, nice closet space, a remote ceiling fan, custom window covers and abundant natural lighting. The den, office or bonus room is truly a flex space, just perfect for that extra room or space that you're always looking for. It includes double entry doors, a private patio with mountain views, gorgeous Hickory wood floors, remote ceiling fan and custom built-in Alder cabinets featuring a work station with additional storage, display shelving and a built-in Murphy bed for an additional overnight guest, if ever needed. The hall bath has been meticulously remodeled with beautiful marble flooring, solid maple hardwood cabinetry, upgraded undermount sink and gorgeous marble slab countertops. It includes upgraded lighting, hardware and fixtures and a large and oversized marble finished shower with glass enclosure. The laundry room is perfectly placed within the floor plan for convenience and includes custom cabinets, rich marble flooring and a farmhouse sink complete with an decorative marble backsplash. The Seller is also including the existing front load washer and dryer. Now relax and retreat to the spacious master suite complete with high plate ceilings, warm wood Hickory flooring, custom window covers, remote ceiling fan, scenic mountain view windows and glass doors leading to your private patio for those late night dips in the hot tub. The spa inspired master bath update is fabulous including gorgeous maple cabinets, elegant marble flooring, an oversized double vanity with makeup station, dual sinks and a large wall to wall mirror. Enjoy the soothing garden soaking tub, walk-in closet, private toilet room and upgraded lighting, hardware and fixtures. The expansive marble shower features a rainbird head, shaving bench and custom glass enclosure. Want to get away...Grab a good book and glass of wine and head out to the cozy covered patio and enjoy Arizona's outdoor living at its finest. This backyard is ABSOLUTELY AMAZING and laid out perfectly for efficiency, relaxation, fun and entertaining. Turn on the water feature and step inside to soothing spa and let the stress just melt away. This is truly the place to relax, exhale and unwind while soaking up the incredible Arizona weather and the mesmerizing mountain views. Here you'll spend countless hours enjoying the classic southwest Saltillo tiled patio surrounded by towering trees, flowering bushes and shrubs all secured by rod iron view fencing. The patio includes a nice BBQ island along with ample seating areas for entertaining and family gatherings. The indoor & outdoor living spaces blend seamlessly to create an entertainment masterpiece perfect for large parties, intimate gatherings and outdoor living. Truly an entertainer's paradise and absolutely breathtaking! Both the front and backyard landscape watering systems are on a timer with auto watering. The home includes a soft water and R/O drinking water and security system. The spacious 2 car garage includes a garage keypad for convenient access. All of this and award winning DC Ranch schools, two world class country clubs and multiple recreation centers. DC Ranch is truly the number one the place to be for active lifestyles! Looking for a peaceful and tranquil place to unwind, relax, exhale and escape the daily pressures of our daily lives, this is it! This quality crafted move in ready home includes an impeccable selection of luxurious appointments and fine finishes that blend quality and attention to detail throughout this spectacular one of a kind opportunity. Better Hurry on this one!

16919 E Nicklaus Drive Fountain Hills, AZ 85268

$1,400,000
5 Beds
3.5 Baths
6,228 SqFt
Status Active
MLS # 6754221
Property Type Single Family Residence
Price Type --
Starting bid for Live Auction is $1,400,000. Home comps at $1,900,000. Exquisite luxury living awaits in this stunning 5 bedroom plus den contemporary golf course home completely remodeled. There is a location already designated for an elevator if you want to put one in. As you enter the main floor you are wowed by the vaulted ceiling family room with a custom built in bar. Main floor offers everything you need with the primary suite, two more guest bedrooms, secondary TV area, custom-designed kitchen with top of the line appliances and a large laundry room. All this walks out onto your private balcony overlooking the pool and golf course with views of Red Rock. The walk-out lower level adds versatility, providing additional space for relaxation or entertaining. Downstairs you have another guest room, office, media room, pool table, full bath, flex room that is currently used as a gym but let your imagination make it work for your needs. Everything from top to bottom is brand new and can be set up as a smart home if you would like! NO HOA and a quiet neighborhood near Shea makes this the perfect location as it's close to middle of Fountain Hills and within minutes you are over the hill and back in Scottsdale or down the 87. Live the lifestyle you deserve in this unparalleled residence. Harcourts Auctions Certified & Transparent Non-Distressed Auction Platform! Luxury Live Auction! Bidding to start from $1,400,000.00! Live Auction Sept 26, 2024 at 12pm PT. No Buyer Premium. All Property, Seller Reports/Disclosures completed. All offers encouraged. Submit offer to stop auction; loan or cash.

9144 E Pershing Avenue Scottsdale, AZ 85260

$1,400,000
4 Beds
2.5 Baths
2,969 SqFt
Status Active
MLS # 6737562
Property Type Single Family Residence
Price Type --
Wow! Remodeled in the last 2 - 4 years! 4 bedrooms, 2.5 baths, Very open floor plan with living room/formal dining room combination. Light and bright Island kitchen with stainless steel appliances, eat in breakfast nook & Quartz countertops opens onto the family room with a fireplace and Soaring ceilings! Downstairs master bedroom!!! 3 bedrooms and a huge loft upstairs! Luxury vinyl planking throughout the entire home! Sparkling fenced play pool and side yard hosts a putting green . Anderson windows, solar panels , refrigerator, washer & dryer included and more! You gotta see this one! Professional photos coming ! Move right in!

4434 E Camelback Road Unit 141 Phoenix, AZ 85018

$1,400,000
3 Beds
3.5 Baths
2,840 SqFt
Status Active
MLS # 6745262
Property Type Townhouse
Price Type --
Welcome home to arguably the best location in Arcadia! Behind the guard gated entrance, this townhome has some of the best views of Camelback Mtn AND the largest lot in the community. This recently remodeled property features quartz countertops, vaulted ceilings, wood slat fireplace, temperature-controlled wine storage, and epoxy floors in the garage. Enjoy the serenity of having one of the only corner units with your own personal spa, adjacent to the greenbelt & pool. Just a short walk away to some of the best dining in the valley, including Steak 44, The Henry, Buck & Rider, and the NEW Global Ambassador, this home truly has it all!

16623 E Emerald Drive Fountain Hills, AZ 85268

$1,400,000
4 Beds
3 Baths
2,749 SqFt
Status Active
MLS # 6752009
Property Type Single Family Residence
Price Type --
Contemporary Southwest Retreat sitting on 1.013 acre offers sweeping views of Redrock Mtn, the Superstitions looking down a peaceful arroyo. Gracious courtyard entry welcomes guests and opens to an elegant great room. Gorgeously updated features vaulted ceilings, walls of massive windows with tons of space for friends and family. Chef's kitchen is designed for a crowd, offers granite island w/ breakfast seating, top-of-the-line appliances, tons of cabinetry, is dine-in, and allows the chef to be part of the celebration. Space for a dining room. Large primary suite plus 2 additional bedrooms, which one is ensuite, plus a den or 4th bedroom. Nice big 3-car garage with a separated bay that can also be a ''private space.'' Heated pool and Spa!

4670 E Reins Road Gilbert, AZ 85297

$1,400,000
7 Beds
4.5 Baths
5,816 SqFt
Status Active
MLS # 6734752
Property Type Single Family Residence
Price Type --
All new AC's! Beautiful basement home on one of the largest lots in the desirable Power Ranch, almost ½ acre. Dramatic entry has column accents plus soaring ceiling, lots of window space and upgraded lighting, elegant living room has a fireplace with arched entry through the columns into the large formal dining room with two chandeliers and a bay window. There are gorgeous, crowned molding and tall baseboards and 10-foot ceilings throughout the main level. Updated kitchen and bathrooms with all new AC's and a split system in the extended 3rd car garage. Designer colors with travertine, wood floor and plush carpet. Kitchen with large island, completely remodeled with Sub Zero/Wolf appliances and double ovens, coffee bar, breakfast bar and a breakfast room. (see more) Spacious family room with cozy fireplace opening to the kitchen and backyard. Master bedroom suite complete with sitting room and large walk-in closet and sliding glass door leading to the balcony. Master bathroom completely remodel with lots of storage. The basement has a bedroom, office and full bath and bonus/ game room with surround sound. Awesome backyard with 1200 sq ft. fenced diving pool, with elevated spa, gazebo, gas firepit, built/in trampoline and a covered patio the length of the home. Many extras in this home and neighborhood, two laundry rooms, gas fireplaces with blowers, Quartzite countertops, extra trampoline pad, plus an awesome community with biking/walking paths, children's play grounds, splash pad, Clubhouse barn for HOA activities, Heated community pool, lake for fishing, Basketball, volleyball and soccer fields. This home has been professional clean and is move in ready.

10800 E Cactus Road Unit 13 Scottsdale, AZ 85259

$1,400,000
5 Beds
4.5 Baths
4,192 SqFt
Status Active
MLS # 6715161
Property Type Single Family Residence
Price Type --
HUGE PRICE REDUCTION!! Welcome to Cactus Gates, where luxury living meets tranquil beauty. Nestled in a serene gated cul-de-sac location, this diamond in the rough boasts five bedrooms, four and a half baths, and has tons of potential! As you step through the grand entrance, you'll be greeted by soaring ceilings and tons of natural light. This residence offers a rare opportunity to indulge in the epitome of comfort and style, all within a prime location coveted by discerning homeowners. Situated on an expansive 28,138 square foot lot, this property showcases the epitome of outdoor living with a large pool, outdoor shower, and a beautiful 10 foot waterfall leading into the serene koi pond, perfect for leisurely afternoons or entertaining under the stars. Immerse yourself in the warmth of the outdoor adobe fireplace as you bask in the breathtaking views that surround you. With endless potential awaiting, this property is being sold in as-is condition, allowing you the freedom to customize and elevate this already stunning residence to your exact specifications. Every corner of this uniquely designed home tells a story of luxury and refinement, from the split primary suite offering unparalleled privacy to the upstairs loft and additional bedroom with a full bath, providing ample space for relaxation and rejuvenation.

20993 E Marsh Road Queen Creek, AZ 85142

$1,400,000
5 Beds
3 Baths
3,125 SqFt
Status Active
MLS # 6632613
Property Type Single Family Residence
Price Type --
Owner Financing possible see documents tab. Designer electric gate greets you as you enter your resort. Professionally designed heated pool/spa/waterfall. Do you have toys? We have the space for it. 11 car garage parking. Park your RV, make it a guest house with all hookups. Have less toys? Detached garage is ready to be converted into a casita/guest house. Shop has full bathroom. 15' coffered ceilings throughout house. Custom built. 2'' x 6'' construction. 8' interior doors, granite/travertine, 2 head glass block snail shower, built in vacuum, surround sound, stainless appliances, fireplace, BBQ and more see amenities list attached. House lets you live in Scottsdale luxury at a Queen Creek price. Great short term vaction rental or assited living.

5442 E Saint John Road Scottsdale, AZ 85254

$1,400,000
5 Beds
4 Baths
3,845 SqFt
Status Active
MLS # 6719935
Property Type Single Family Residence
Price Type --
Updated TW Lewis Home in Arabian Crest! There's no HOA, and it's conveniently located near Copper Canyon Elementary located in the popular 85254 ''Magic Zip code.'' This property is within 10 minutes from TPC Scottsdale, The Westin Kierland Golf Club, the Mayo Clinic Hospital, Kierland Commons, Scottsdale Quarter, and Desert Ridge Marketplace. The home has a downstairs primary suite with direct access to the patio and pool area. The large owner's bathroom includes a separate tub and shower, and plenty of closet space. The big family room has high ceilings, a gas fireplace, patio access, and an open layout connecting to the kitchen and breakfast room. The kitchen features beautiful Bali veined Calacutta quartz countertops with a full backsplash and Samsung black-stainless appliances, including a double wall oven. Upstairs, there's a very large bedroom with its own bathroom, accessible through double doors, which can be used as a bedroom suite or a second family room, plus three additional bedrooms. The home has plantation shutters throughout. The well-kept backyard features lush landscaping, newer turf, and a pebble-finished pool, all perfectly oriented with north/south exposure.

10417 N 180th Drive Waddell, AZ 85355

$1,400,000
4 Beds
3 Baths
3,799 SqFt
Status Active
MLS # 6730289
Property Type Single Family Residence
Price Type --
Welcome to your dream retreat! This exceptional 4 + bedroom 3 bathroom, single story residence is situated on a spacious 1 acre corner lot in the gated community of Cortessa Laureates Estates. This exceptional luxury home is perfect blend of elegance, comfort, and convenience, making it an ideal escape for those seeking a winter haven or a year-round sanctuary. Property Highlights: Breathtaking Indoor Design and Amenities: This 3,799 sq ft home features an exquisite design with custom tailored finishes and meticulous attention to detail.From the grand entrance to the spacious living areas, every inch of this home exudes sophistication and style. The gourmet kitchen is a chef's delight, featuring ample space for culinary creations. The master suite is a private retreat with a spa-like bathroom and a spacious walk-in closet. Multiple guest suites ensure that your visitors experience the same level of comfort and luxury. Outdoor Oasis: Immerse yourself in the tranquility of the beautifully landscaped grounds. The expansive outdoor living space comes complete with a pristine pool - perfect for cooling off during warm Arizona days and an elevated spa for ultimate relaxation. After sunset, the ambiance easily transforms into a nighttime oasis with permanent gemstone and landscape lighting throughout; ensuring this homes appeal will shine no matter the occasion. Perfect for Entertaining: Host unforgettable gatherings and create cherished memories in a setting that combines elegance and warmth. The open-concept floor plan and seamless indoor-outdoor flow make this home ideal for entertaining. The oversized outdoor patio features a custom-built island with an outdoor kitchen. Enjoy alfresco dining under the stars or sipping wine gathered around the firepit with plenty of built in seating. Prime Location: Experience the best of Arizona living with easy access to everything you need. Situated in the coveted community of Cortessa Laureates Estates, this home offers proximity to Sterling Grove Golf Course and the White Tank Regional Park; perfect for the outdoor enthusiasts. Only 10 minutes from some of Arizona's most popular restaurants, shopping, and entertainment including Costco, Fat Cats Family Fun Center, Sprouts, OHSO Brewery, Barrio Queen, Cold Beer and Cheeseburgers, Firebirds Steak House, Cooper's Hawk Winery and much more. Easy highway access, only 15 minutes from the Seattle Mariners Spring Training Center, and 35 from Phoenix Sky Harbor International Airport. Turnkey Convenience: This property comes with an array of services already in place to ensure a worry-free lifestyle. Housekeeping, pool maintenance, and yard care teams that know the property inside and out, so you can focus on enjoying your time in paradise. Additionally, they will even go as far as starting your car while you're away, ensuring your battery stays charged and ready for your next adventure. Whether you're seeking a seasonal retreat or a permanent residence, this property offers the perfect blend of elegance, comfort, and convenience. Book your private tour and discover unmatched beauty and luxury of this Arizona gem!

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