Last week’s economic releases included reports on new and pending home sales, S&P Case-Shiller Home Price Indices and regularly scheduled weekly reporting on mortgage rates and weekly jobless claims. Readings on consumer sentiment and confidence were also released.
New and Pending Home Sales Lower as Peak Sales Season Winds Down
August readings for new and pending home sales were lower than for July; analysts said that slim supplies of available homes and rising home prices contributed to slower home sales. Peak home sales typically occur during spring and summer. Homebuyers with school-aged children prefer to be settled into a new home when school starts in August and September.
According to the Commerce Department, new home sales achieved their second highest reading since the Great Recession. Although lower than July’s reading, August sales of new homes reached 609,000 on a seasonally-adjusted annual basis. Analysts expected a reading of 600,000 new home sales based on July’s reading of 659.000 new homes sold. August’s reading was 20.60 percent higher year-over-year. High demand for homes appears to be kicking home builders into higher gear as they strive to ease slim inventories of available homes.
The impact of short inventories of available homes was reflected in August’s reading for pending home sales. Home sales awaiting closing fell in August from July’s reading of +1.20 percent in July to 2.40 percent in August. The National Association of Realtors® said that home sales are declining due to very limited inventories of available homes. Rapidly rising home prices and strict mortgage qualification requirements also contributed to slipping sales. After home buyers sign a purchase contract, they are at the mercy of changing mortgage rates their ability to qualify for a mortgage. Pending home sales supply an indication of future closings and mortgage loans.
According to the S&P Case-Shiller 20-City Home Price Index for July, home price growth dipped from June’s seasonally adjusted annual rate of 5.10 percent to 5.00 percent. Slim inventories of homes for sale and high demand were again cited as primary reasons for slower home price growth. While demand is high, slim supplies of available homes can cause would-be buyers to postpone their home search until more homes are on the market.
Mortgage Rates Fall, New Jobless Claims Rise
Mortgage rates fell across the board last week according to Freddie Mac’s weekly survey of rates. The average rate for a 30-year fixed rate mortgage fell six basis points to 3.42 percent; the average rate for a 15-year fixed rate mortgage was four basis points lower at 2.72 percent. 5/1 adjustable rate mortgages had an average rate of 1.81 percent, which was one basis point lower than the previous week’s reading Discount points were also lower and averaged 0.50 percent for fixed rate mortgages and 0.40 percent for 5/1 adjustable rate mortgages.
New jobless claims rose last week to 254,000 claims, but new claims were lower than the expected reading of 259,000 new claims which was based on the prior week’s reading of 251,000 new jobless claims. New jobless claims have stayed below 270,000 new claims for three months for the first time since 1973.
In prepared testimony before the Financial Services Committee, Federal Reserve Chair Janet Yellen discussed problems facing two major banks and said the Fed’s goal was managing its regulatory stance to support financial stability.
September’s Consumer Confidence Index reading rose to 104.1, which exceeded analysts’ estimated reading of 99.3 and August’s reading of 101.1.
What’s Next
Next week’s scheduled economic reports include readings on construction spending and several labor-related releases including ADP Payrolls, Non-Farm Payrolls and the National Unemployment Rates. Weekly reports on mortgage rates and new jobless claims are set for release as usual.
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9467 E Sundance Trail
Scottsdale, AZ 85262
$3,995,000
5
Beds
5.5
Baths
4,900
SqFt
Status
Active
MLS #
6461596
Property Type
Single Family Residence
Price Type
--
Another spectacular contemporary home by August Building Company to be built on a great view lot in Desert Mountain. More information to come. No membership to the Desert Mountain Club available with this property.
9775 E Hidden Valley Road
Scottsdale, AZ 85262
$3,995,000
5
Beds
5.5
Baths
4,600
SqFt
Status
Active
MLS #
6347935
Property Type
Single Family Residence
Price Type
--
Welcome to the epitome of modern luxury living in the heart of our exclusive lifestyle community, Desert Mountain. This brand-new custom home that has broken ground defines elegance and sophistication, offering a harmonious blend of contemporary design, opulent features, and an unparalleled level of craftsmanship. Spanning an expansive 4600 square feet, this residence boasts 5 bedrooms, 5.5 baths, and a host of amenities that cater to every facet of refined living. Step inside and be captivated by the seamless integration of indoor and outdoor spaces. The open-concept layout flawlessly transitions from the interior's sleek lines and top-tier finishes to the captivating outdoor oasis. Completion spring 2025. Entertain in style as you host gatherings in the sun-soaked courtyards and indulge in poolside relaxation creating memories that will last a lifetime. The heart of this home lies in its gourmet kitchen, complete with state-of-the-art appliances and an exquisite butler's pantry, perfect for culinary enthusiasts and gracious hosts alike. Abundant natural light illuminates the interior through large windows that showcase the breathtaking surroundings. Unwind in the luxurious primary suite, a serene retreat featuring a spa-like en-suite bath and a walk-in closet. Four additional well-appointed bedrooms each with their own en-suite baths provide comfort and privacy for family members and guests. Completing this exceptional property is a guest house that offers versatile space, ideal for an art studio, home office, gym, or additional living quarters. Located within our sought-after lifestyle community, residents enjoy exclusive access to amenities that include 7 golf courses, fitness, tennis, pickleball, swimming, and 7 restaurants. Membership is not included with this property, however additional information regarding membership applications is available through the document tab.
94 Biltmore Estate
Phoenix, AZ 85016
$3,995,000
8
Beds
7.5
Baths
8,933
SqFt
Status
Active
MLS #
6714218
Property Type
Single Family Residence
Price Type
--
BY FAR, THE BEST VALUE ON THE BILTMORE CIRCLE! Incredible opportunity awaits! Now is your time to own an historic home on the prestigious Biltmore Circle for UNDER $4MM!! Iconic, Timeless- Original Biltmore Estate. A true testament to opulence and the American spirit of the early 20th century, The Biltmore Estate is an emblem of luxury, history & architectural brilliance. Located in the sought-after Biltmore Circle & set amidst stately mansions, a RARE opportunity to own a piece of this Arizona history is now available! Whether undertaking a full restoration, or creating your vision of a modern-day luxury masterpiece, the possibilities are endless. This original & classic Spanish Hacienda Biltmore Estate, circa 1933, was built and owned by the BILTMORE HOTEL LLC. The estate's location is is nearly unbeatable. Positioned on one of the most desirable view lots within the Biltmore Circle, the estate offers a serene & inspiring setting, providing expansive grounds of verdure, meandering water gardens, breathtaking views of Camelback Mountain, Praying Monk, rare lake views & an IMPRESSIVE 177 ft+/- of GOLF FRONTAGE on the Links Golf Course. With the benefit of NO HOA & two separate residences on the lot, the home's current offering provides the ideal multi-generational living or vacation rental possibilities. Included is a 6,219 sf main estate, an attached 900+/- sf 1BR/1BA guest townhome w/ kitchen & great room, a small casita w/ 1BA & kitchenette, and a detached second home, designed & built by internationally acclaimed architect, Jeffrey Page of Space Line Design. The 2,500+/- sf modern architectural gem was featured on HGTV: UNIQUE DESERT HOMES, PHOENIX HOME & GARDEN magazine, as well as numerous other publications in the US, UK, Turkey & the UAE. The villa offers a large great room w/ soaring ceilings, walls of glass, & 2 BR/3 BA plus an office. Completing the estate is a 6 car-garage (one is an RV height), providing plenty of room for your classic cars or 'toys'. SELLER FINANCING COULD BE CONSIDERED. Embrace your vision with this truly one-of-a-kind opportunity! See also land/lot listing MLS #6715940
10763 E Addy Way
Scottsdale, AZ 85262
$3,995,000
4
Beds
6.5
Baths
6,043
SqFt
Status
Active
MLS #
6746620
Property Type
Single Family Residence
Price Type
--
This high-quality custom home with sunset views in guard-gated Mirabel Club is being sold COMPLETELY TURNKEY and is truly ONE OF A KIND, with quality materials that cannot be built for even close to this price today. As you approach, you'll notice the pristine curb appeal, in low-maintenance desert landscaping. The courtyard with wrought iron gate and water feature sets the mood upon arrival, and provides a central meeting space for your guests, with covered patios for both the guest house and one of the guest suites. Before stepping inside, take a moment to appreciate the 9.5' custom alder door, an impressive piece on its own. Upon entry into the living room, you'll immediately notice the thoughtful design, quality finishes, breathtaking views, sunset bronze flagstone flooring, massive two-way stone fireplace, and beamed ceilings. The entertaining area includes a full wet bar with copper sink and under-counter drink fridge. Imagine hosting your friends in this dining room while enjoying sunset views out your window. The ironwork on the wine cellar is another nod to the thorough attention paid to every detail. Continue toward the kitchen, first stopping at butler's pantry with ice maker and dual-drawer dishwasher. The kitchen is comfortable yet luxurious, from the hand-finished alder cabinets to the herringbone terra cotta backsplash. High end appliances include 48 Wolf gas cooktop, Wolf carbon finish dual-ovens, microwave, and warming drawer. There is abundant cool storage, with a full-size fridge plus two cooling drawers along with a full-size freezer plus two freezer drawers, all Subzero. Continuous hickory flooring connects the kitchen and family room, with vega beams radiating out over the curved room, seamlessly connecting them into a flowing great room. Across the home you'll find the owner's wing. The office features square wood beamed ceilings, with that square pattern duplicated on the hickory flooring below. The ample primary suite is complemented by a sitting room with kiva fireplace, a perfect place to take in the stunning views. The primary bathroom includes the same quality finishes you've seen throughout, from the travertine slab countertops, alder doors, down to the rustic iron towel holders. Completing the primary suite is the oversized closet, with built-ins from wall to wall. Multiple guest suites provide privacy for all of your family and friends. First, upstairs you'll find an ensuite bedroom with their own loft living room, and access to the rooftop deck with amazing views. Also within the main house is a second ensuite bedroom. For additional guests, through the front courtyard is a full guest house, with living room and half-kitchen, private patio, large ensuite bedroom, and direct access to the third garage bay. Even the fundamentals have been recently updated. The entire roof was recoated (2021), and all four AC units and two furnaces replaced (2021), as well as two large water heaters with recirculating pumps replaced (2020). Outside, the landscaping was redone with the entire irrigation system replaced (2021). The pool was resurfaced with mini-pebble finish, tile edge, and travertine coping, along with a wi-fi Aqualink control system added (2021) and the pool heater replaced (2020). Finishing off this home is precisely where you'll want to unwind every evening, in the spacious and gracious backyard. The covered patio extends the length of the home, and includes an outdoor fireplace for those cool nights. Two additional uncovered seating areas offer options for taking in the sun. Entertain at the built-in BBQ, and don't miss the outdoor half bathroom. The backyard is a serene high-desert landscape, strategically placed to take in the picturesque Arizona sunsets while overlooking the golf course. Located toward the end of a cul-de-sac, so extremely light traffic, and all adjacent homesites have already been built. Mirabel's weather is famously dry and sunny. Our risk of natural disasters is extremely low. Being higher and somewhat removed from the city means the stars are bright at night, the air typically much cleaner, and the daytime high temperatures can be about eight to ten degrees cooler than the Valley floor, every day of the year. You would be amazed how comfortable 95 degrees is at night or in the shade. So, being in Mirabel on a year-round basis is an attractive proposition. In addition to the endless shopping and fine dining options all just minutes away, the owner of this home will be close to major league and collegiate sports, fabulous medical care (including the Mayo Clinic and hospital), terrific air service, and a wide variety of cultural attractions. This home is truly one of a kind and I encourage you to come see it today, and you'll be glad you did.
6368 N Lost Dutchman Drive
Paradise Valley, AZ 85253
$3,995,000
3
Beds
3.5
Baths
4,392
SqFt
Status
Active
MLS #
6724005
Property Type
Single Family Residence
Price Type
--
NESTLED AT THE BASE OF THE VALLEY'S MOST ICONIC NATURAL LANDMARK, CAMELBACK MOUNTAIN, THE VILLAGE AT MOUNTAIN SHADOWS IS SITUATED IN THE HEART OF PARADISE VALLEY. BUILT EXCLUSIVELY BY CULLUM HOMES AND DESIGNED BY THE RENOWNED ARCHITECTURAL FIRM CANDELARIA DESIGN ASSOCIATES. THIS BEAUTIFUL CUSTOM ECHO TWO-STORY FLOOR PLAN FEATURES 3 BEDROOMS(2 PRIMARY SUITES 1 UP AND 1 DOWN), 3 FULL BATHS AND 1 POWDER BATH. GUESTS ENTER THROUGH THE PRIVATE COURTYARD LANDSCAPED TO PERFECTION TO THE LARGE IRON AND GLASS FRONT DOOR. THE GREAT ROOM WITH FIREPLACE WALL WITH BUILT IN SHELVES AND RETRACTABLE WALL OF GLASS LEAD YOU OUT TO THE COVERED PATIO AND OUTDOOR BBQ. THE BACKYARD WITH VIEWS OF CAMELBACK MOUNTAIN MAKE THIS INDOOR/OUTDOOR ENTERTAINING SPECIAL. THE DINING ROOM WITH DRY BAR. KITCHEN WITH... QUARTZITE STONE ISLAND, EAT-AT BAR, BUILT IN PANTRY, OTHER CABINETS FOR STORAGE AND EXTRA APPLIANCES (SUB ZERO, WOLFF) TOP OFF THIS CHEFS KITCHEN. A BUILT IN COMMAND CENTER JUST OFF THE KITCHEN IS PERFECT FOR A SPACE TO STILL WORK. THE STYLISH POWDER ROOM, LAUNDRY ROOM AND ELEVATOR LEAD DOWN TO THE 3 CAR GARAGE. TONS OF GARAGE STORAGE BUILT INS, EPOXY FLOORING AND A/C CONTROLLED. THE FIRST PRIMARY SUITE OPENS OUT TO THE BACKYARD, BATH AND WALK IN CLOSET FOR SINGLE LEVEL LIVING. THE WOOD STAIRCASE (ENTIRE HOME WOOD) OPENS UP TO A LOFT LIVING AREA, SECONDARY LARGE PRIMARY SUITE WITH BEAUTIFUL BATH AND OVERSIZED CLOSET OPEN UP TO A LARGE PRIVATE TERRACE. THE 3RD GUEST BEDROOM IS LARGE TO MAKE A BUNK ROOM WITH EN SUITE AND ROMEO AND JULIET BALCONY. A OFFICE OR GYM ROOM TOPS OFF THE SECOND LEVEL. THIS HOME HAS SO MANY EXTRAS AND IS HIGHLY UPGRADED THROUGH OUT INTERIOR AND EXTERIOR. COME SEE THIS HOME TODAY. IT WILL NOT LAST LONG! RESIDENTS HAVE ACCESS TO THE PLETHORA OF AMENITIES AVAILABLE AT THE MOUNTAIN SHADOWS RESORT. THE COMMUNITY BOASTS A PRIVATE POOL AREA, PARK AND IS GUARD-GATED 24/7 FOR THAT HIGHLY DESIRED LOCK AND LEAVE LIFESTYLE.
4938 N Ascent Drive
Scottsdale, AZ 85251
$3,994,293
2
Beds
2.5
Baths
3,035
SqFt
Status
Active
MLS #
6670454
Property Type
Single Family Residence
Price Type
--
**HOME TO COME FULLY FURNISHED! TURN-KEY READY!!** A NEW PRIVATE RESIDENTIAL COMMUNITY WITH A COVETED LOCATION AT THE BASE OF CAMELBACK MOUNTAIN ADJACENT TO THE ICONIC PHOENICIAN® IN SCOTTSDALE. ONLY A SHORT DISTANCE TO FASHION SQUARE AND OLD TOWN SCOTTSDALE. THIS COLLECTION OF CUSTOM HOMES BUILT EXCLUSIVELY BY CULLUM HOMES THAT REFLECT A TIMELESS, MODERN DESIGN AND LOOK OUT OVER THE BEAUTIFUL PHOENICIAN® GOLF COURSE. FEATURING THE ''DESERT ZEN LIVING'', A TWO-STORY HOME FEATURING 2 BEDROOMS, 2.5 BATHROOMS, AND A 3-CAR GARAGE. THROUGH THE EXTRAVAGANT FRONT ENTRANCE LOCATED ON THE LOWER LEVEL, A BEAUTIFUL STAIRCASE OR AN ELEVATOR TAKE YOU TO BOTH LEVELS OF THE RESIDENCE. THE MAIN LEVEL BOASTS TWO EN-SUITE BEDROOMS, A FORMAL DINING AREA, OPEN CONCEPT KITCHEN, ADDITIONAL POWDER ROOM AND THE GREAT ROOM AREA. SPACIOUS KITCHEN WITH ISLAND, EAT-AT BAR AND WALK-IN PANTRY. A GLASS WALL LEADS YOU TO THE COVERED PATIO OFF THE GREAT ROOM WHERE GORGEOUS VIEWS AWAIT YOU. OWNER'S SUITE WITH WALK-IN CLOSET, DOUBLE SINK VANITY, SEPARATE TOILET ROOM, TUB AND WALK-IN SHOWER. ALONG WITH AN ADDITIONAL EN SUITE BEDROOM, LARGE LAUNDRY ROOM WITH EXTRA STORAGE AND A DECK AREA. THE COMMUNITY IS GUARD GATED FOR PRIVACY AND SECURITY. AT THE BASE OF CAMELBACK MOUNTAIN, YOUR PRIVATE POOL, FITNESS CENTER, AND SOCIAL SPACES OFFER AN INTIMATE GATHERING PLACE FOR WELLNESS, SOCIALIZING AND RELAXATION. RESIDENTS ARE OFFERED THE OPTION TO JOIN THE PHOENICIAN® AMENITY ACCESS PROGRAM ACCESS AND DISCOUNTS TO THE NEW ATHLETIC CLUB, 38,000 SQUARE FOOT SPA, TENNIS FACILITY AND RESORT POOLS AT THE PHOENICIAN® RESORT.
4526 E Calle Tuberia --
Phoenix, AZ 85018
$3,990,000
5
Beds
4.5
Baths
3,935
SqFt
Status
Active
MLS #
6784564
Property Type
Single Family Residence
Price Type
--
This turn-key, custom Rafterhouse in Arcadia Proper exudes elegance & warmth, from the front courtyard to the backyard's media projector, the attention to detail in this home is truly unmatched. As you enter, the quality finishes and touches stand out from the white oak floors, to the fireplaces, the soaring vaulted ceilings, and collapsable doors leading to the lush backyard with views of Camelback Mountain. Boasting nearly 4,000 SqFt, with 5 bedroom, 4.5 bathrooms, & an additional flex/living space, this highly desired floor plan provides it all. In the gourmet, chef's kitchen you'll find top of the line appliances, fixtures and custom cabinetry. The pantry offers plenty of storage, as well as the oversized kitchen island.. Just off the heart of the home & formal dining area, you'll find powder room for guests & an additional living/flex space with more sliding glass doors out to the back yard. The Primary bedroom feels more like a resort, with mountain views from the spacious bathroom and a beautifully designed closet. Two hallways lead to the additional four bedrooms which are perfectly laid out, with two having en-suite bathrooms, and the other two sharing a full bath. The extended 3 car garage offers plenty of storage, with a mud-room and drop zone leading into the home. The lush backyard is perfect for entertaining, with an outdoor dining area, built-in gas grill, outdoor living area & bar at the ramada, & a gas fire pit and additional seating area. With a Crestron Home AV system, citrus tree's, detached storage, and a newly added generator.
5939 E Orange Blossom Lane
Phoenix, AZ 85018
$3,990,000
4
Beds
4
Baths
4,560
SqFt
Status
Active
MLS #
6785913
Property Type
Single Family Residence
Price Type
--
Incredible opportunity for a Ben Hawkins built masterpiece perfectly located on the highly desired Orange Blossom Lane adjacent to Arizona Country Club. This captivating cutting edge contemporary exudes style & class that few homes can match. Soaring tongue in groove detailed ceilings pull you into extraordinary inside/outside living that combines the custom island kitchen, living room, resort pool & outdoor dining. Stunning primary retreat provides views & privacy. 3 thoughtfully designed en suite bedrooms provide comfort for all. Upstairs flex space for office/art studio/workout or music room leads to a spacious outdoor deck. Ease of access with street access out both the front & back. Artistically blended concrete & wood design elements impresses the most discerning of tastes.
6900 E Ironwood Drive
Paradise Valley, AZ 85253
$3,990,000
5
Beds
4.5
Baths
5,356
SqFt
Status
Active
MLS #
6743581
Property Type
Single Family Residence
Price Type
--
This exquisite property in Paradise Valley is situated in a highly desirable location, just a short walk from the new Ritz Carlton development featuring luxury shops and dining options. Minutes away from Fashion Square, Kierland, and Scottsdale Quarter, it offers unparalleled access to high-end shopping in Arizona. Psst ... This luxurious home is nestled within the small, gated community where Emma Stone grew up. Yes, the Emma Stone. This home neighbors the J.W. Marriott's Camelback Country Club, boasting expansive golf course views and breathtaking 360-degree vistas of Mummy Mountain, Phoenix Mountain Preserve, McDowell Mountain, Thom's Thumb, and Pinnacle Peak. You will enjoy stunning sunrises and sunsets from the comfort of your bedroom or patio. This modern Santa Barbara-style home has been fully renovated, showcasing sophisticated architectural features such as clay roof tiles, solid wood beams, and enfilade with elegant arches. The chef's kitchen is equipped with a 48 Thermador range, double ovens, and ample storage, embodying classic elegance and functionality. With 5 spacious bedrooms and 4.5 luxurious bathrooms, this home is perfect for entertaining. It includes three generous entertaining areas and chic, remodeled bathrooms featuring ocean white marble floors and waterfall quartz countertops. The outdoor space features a large swimming pool with a diving board, water fountains, and a slide, while a serene water fountain pond invites relaxation. A citrus orchard adds seasonal fragrance, and a majestic Sissoo tree enhances the landscape's tranquility, complemented by seven striking date and Mexican palm trees that create a serene atmosphere.
3101 N 53rd Place
Phoenix, AZ 85018
$3,990,000
5
Beds
4.5
Baths
4,826
SqFt
Status
Active
MLS #
6776724
Property Type
Single Family Residence
Price Type
--
Welcome to this stunning Santa Barbara inspired home from SMITH, located in the heart of Grove Park Estates and sitting on a near 30k sf lot. Designed by Kozi Designs, the over 4800 sf home boasts a split floor plan with 5 beds and 4.5 baths, plus study and includes a spacious great room design. The spacious kitchen is adorned with top of the line appliances, fluted cabinetry and the 48'' range is topped off with an arched roman clay hood. Just off of the kitchen sits a cozy banquet that seats 8 and flows nicely into the large great room with gas fireplace. The 16' slider opens up to a large patio space of travertine and to the large pool. The home is perfect for the entertainer with incredible indoor/outdoor spaces and offers so much space. You will not want to miss this one!
9930 E Miramonte Drive
Scottsdale, AZ 85262
$3,985,000
4
Beds
4.5
Baths
4,638
SqFt
Status
Active
MLS #
6769058
Property Type
Single Family Residence
Price Type
--
GOLF MEMBERSHIP AVAILABLE. Brand new Mortensen Signature Home. COMPLETION HAPPENING NOW, MOVE IN NOVEMBER. Outstanding Mountain and Sunset Views. Easy access to the main gate. Cul-de-sac location. Dual Primary Suites, 2 other en-suite bedrooms plus an office, den or 5th bedroom, take your pick. 4 Sliding door exits to your view patio with pool, spa, oversize fireplace and bbq ready for relaxation and entertainment. Whole Home Furniture packages available.
10040 E Happy Valley Road Unit 275
Scottsdale, AZ 85255
$3,980,000
4
Beds
4.5
Baths
5,023
SqFt
Status
Active
MLS #
6784983
Property Type
Single Family Residence
Price Type
--
Designed by renowned architect Bob McIntyre this phenomenal property encompasses all that Desert Living should be. Located on the Sixth Fairway of the celebrated Desert Highlands Golf Course with a perfect southern facing exposure to soak in the desert sun you will start your day with sunrises over the McDowell Mountains and end your day with watercolor sunsets, you couldn't ask for a better view or location. Completely remodeled from top to bottom with only the highest quality and craftsmanship, this open single-story floorplan flows perfectly with countless private yards and courtyards off of every suite to take in the majestic views. This home truly has it all! The light and bright living room is complemented by the soaring ceilings, cozy hand plastered fireplace, floor to ceiling French doors and clear story windows, as well as a dramatic chandelier. Whether you are a top-notch chef or just like to admire a beautiful kitchen, this home has the perfect combination of function and form with top of the line appliances (6 burner gas range, 2 burner induction cooktop, 3 ovens, 2 dishwashers, built-in Subzero refrigerator, wine refrigerator, beverage refrigerator and ice maker), timeless custom cabinetry, passthrough entertainment area to the outdoors and more. Open to the kitchen, the family room features expansive French doors to the pool area as well as a second tranquil courtyard with a water feature, beautiful natural light, warm fireplace, in addition to an entertainment bar with a beverage and wine refrigerator. The owner's suite is a treat with an expansive bedroom filled with natural light from the floor to ceiling picture window and French doors that invite the outdoors in, an inviting fireplace, the perfect sitting room, 3 spacious walk-in closets, and a luxurious bathroom with a dramatic multi-head steam shower, artistic free-standing bathtub, dual sinks with plenty of storage, a make-up vanity, and two separate commode rooms. It's not just the owners who are treated like royalty in this amazing home, guests are too. Not only are each of the 3 guest suites completely separate from each other, but all of them also have their own private courtyard to take in the beautiful golf course and mountain views, as well as their own distinct designer bathroom. The private casita also features its own kitchenette to make your guests truly feel at home on top of it's own private courtyard with water feature and access to the backyard pool area. The fourth guest suite could also make the perfect at home office / den with its own private entrance, inviting fireplace, as well as a private courtyard complete with a relaxing water feature, fireplace, and mountain views. The stress-free backyard not only takes in the breathtaking lush golf course and magnificent mountain views, outdoor entertainment is also taken to the extreme with a built-in misting system, heaters, and BBQ, as well as an outdoor dining area with a stylish chandelier and plenty of covered and uncovered spaces surrounding the refreshing pool and spa. Owning in Desert Highlands has its privileges; this amazing home comes with an immediate Full Golf Membership to Desert Highlands where you will enjoy an 18 hole Jack Nicklaus Signature Golf Course, an 18 hole par 42 putting course designed by Gary Panks, 13 perfectly groomed tennis courts (grass, clay, & hard courts), state of the art fitness center, multiple dining options, and 24 hr guard gated security! To make things even better, this home may be purchased fully furnished and turnkey by separate bill of sale so that you may start enjoying the perfect desert lifestyle immediately with ease, all you will need are your clothes and a toothbrush!