What’s Ahead For Mortgage Rates This Week – September 6, 2016

Last week’s economic reports included readings on pending home sales, construction spending and consumer sentiment. Case-Shiller Home Price Indices for June were released, along with several labor-related reports including national unemployment, ADP Payrolls and Non-Farm Payrolls were also released along with weekly readings on new jobless claims and Freddie Mac’s survey of average mortgage rates.

Case-Shiller: Home Price Growth Holds Steady in June

According to the Case-Shiller 20-City Home Price Index for June, average national home prices held steady with a seasonally adjusted annual growth rate of 5.10 percent in June. The top three cities for home price growth were Portland, Oregon with a reading of 12.60 percent; Seattle, Washington followed with a reading of 11.00 percent. Denver, Colorado home prices grew by 9.20 percent year-over-year.

San Francisco, California, which had posted highest year-over-year price gains in recent months slipped with a reading of 6.40 percent year-over-year in June. This could signify a cooling of rapid price gains in high demand metro areas where home prices have become unaffordable for many buyers.

Construction Spending Flat in July, Pending Home Sales Increase

While builder sentiment has been strong, construction spending was flat in July as compared to an expected reading of 0.60 percent and June’s reading of an 0.90 percent increase in construction spending. The Commerce Department reported that pending home sales increased 1.30 percent in July, which exceeded expectations of 0.90 percent growth and June’s negative reading of -0.80 percent. July’s reading appeared to even out June’s unexpected slump in pending sales, which are considered an indicator for future closings and home loan volume.

Mortgage Rates, New Jobless Claims Rise

Mortgage rates rose for all three loan types reported by Freddie Mac. The rate for a 30-year mortgage rate rose three basis points to 3.46 percent; the average rate for a 15-year mortgage also rose three basis points to 2.77 percent. The average rate for a 5/1 adjustable rate mortgage jumped by eight basis points to 2.83 percent. Discount points averaged 0.50 percent, 0.50 percent and 0.40 percent respectively. Mortgage rates rose after the yield on 10-year Treasury Notes increased in response to a speech given by Fed Chair Janet Yellen that indicated that the target federal funds rate could be raised in December.

263,000 new jobless claims were filed as compared to expectations of 265,000 new claims and the prior week’s reading of 261,000 new claims. Job growth slowed in August; the Commerce Department reported a reading of 151,000 new jobs in its Non-Farm Payrolls report. Analysts expected 170,000 new jobs, which fell significantly short of July’s reading of 275,000 jobs created. Non-Farm Payrolls includes data for public and private sector jobs.

Labor Reports: Job Growth Slows, National Unemployment Holds Steady

ADP Payrolls also reported fewer private sector jobs created in August with a reading of 177,000 new jobs as compared to 194,000 private sector jobs created in July. Analysts characterized August jobs reports as “fickle” due to high numbers of summer vacations and company-wide summer holiday closures.

August’s reading for national unemployment held steady at 4.90 percent.

While slower growth in home prices and job creation could signal an economic slowdown, there was good news as consumer confidence rose to 101.7 in August; this reading surpassed the expected reading of 97.0 and July’s reading of 96.7.

What’s Ahead

This week’s scheduled economic news is lean due to the Labor Day holiday on Monday. In addition to weekly reports on new jobless claims and mortgage rates, reports on job openings and the Federal Reserve’s Beige Book report will be released.

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13613 N 76th Street Scottsdale, AZ 85260

$4,349,000

6 Beds

5.5 Baths

5,058 SqFt

Status Active

MLS # 6777691

Property Type Single Family Residence

Price Type --

WELCOME HOME! This stunning Modern Estate, nestled in the highly sought out Cactus Corridor has it all! This newly built estate is a masterpiece of modern luxury, completed in 2022 and ready to impress. With an expansive almost 1-acre lot that feels like 2 acres and NO HOA, this property is a rare gem in a vibrant community just moments away from Kierland Commons and the Scottsdale Quarter. Property Highlights: Main House: 4 spacious bedrooms plus an office, embodying both style and functionality. Attached Casita: A fully-equipped 2-bedroom, 1-bath guest house with a full kitchen and laundry. Perfect for guests or as a lucrative rental opportunity! An outdoor Paradise. Create unforgettable memories in your backyard oasis... featuring: - A state-of-the-art pickleball court - A stunning white sand beach volleyball area - A mini soccer field for kids with nets - A putting green for golf enthusiasts -A luxurious heated saltwater pool adorned with white marble - Wine Aficionado's Dream: A sophisticated 400-bottle wine closet to showcase your collection. Entertain with ease in your spacious living areas, boasting floor-to-ceiling windows that flood the home with natural light and breathtaking views of the McDowell Mountains. Enjoy automated blinds, multiple fireplaces, and elegant Versace wall accents that add a touch of opulence to your living spaces. Perfect for All: Whether you're an end user looking for a forever home or an investor eyeing a lucrative Airbnb opportunity with a projected $600K potential, this property offers the best of both worlds. With over 14 new builds and major remodels within a half-mile radius, you're aligning yourself with an exclusive neighborhood on a charming dead-end street. Experience Luxury Living: - 4-car side entry garage for convenience - Cutting-edge technology throughout, ensuring comfort and security - Impeccably designed spaces perfect for relaxation and entertainment This stunning estate is more than just a home; it's a lifestyle. Don't miss the chance to make it yours! Take the first step toward enjoying the ultimate in luxury living. Your dream home awaits!

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4561 E Desert Park Place Paradise Valley, AZ 85253

$4,300,000

4 Beds

4.5 Baths

7,197 SqFt

Status Active

MLS # 6758545

Property Type Single Family Residence

Price Type --

Welcome to 4561 E Desert Park Place where the location and views from this hillside home are only matched by the meticulous craftsmanship within. Originally built in 1981 by the esteemed Dave Hansen and meticulously expanded and remodeled by Schultz Development, this residence sets the gold standard for construction in Tatum Canyon. Spanning 7197 square feet on a sprawling 2.27-acre lot, this home boasts a thoughtful layout designed to capture sweeping mountain views from every angle. With 4 bedrooms and 4.5 baths, including a grand primary suite on the main floor and a junior primary suite with accompanying bedrooms on the second floor, there's no shortage of space for comfort and luxury. The formal dining room and library windows eloquently showcase the seamless integration of this home into its natural mountain surroundings. Enjoy breathtaking views from the spacious chef's kitchen, adorned with high-end appliances, and the luminous living room with its captivating Cantera fireplace. Step outside to the meticulously landscaped grounds, where a sparkling pool and spa await, offering a retreat that epitomizes the tranquility of Tatum Canyon living. This property isn't just a home; it's a testament to enduring quality and limitless possibilities.

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10801 E Happy Valley Road Unit 27 Scottsdale, AZ 85255

$4,300,000

3 Beds

3.5 Baths

3,590 SqFt

Status Active

MLS # 6776910

Property Type Single Family Residence

Price Type --

Discover a rare opportunity to own a fully remodeled 2024 luxury home on one of Glenn Moor's most private and coveted lots, offering sweeping 360° views of Pinnacle Peak, Troon Mountain, and glittering city lights. Set at the end of a quiet cul-de-sac in the exclusive, guard-gated Glenn Moor community, this residence combines elevated design with breathtaking scenery, creating an ideal sanctuary. The grand circular driveway and lush landscaping set a welcoming tone, while inside, high ceilings, stacked-stone fireplaces, and floor-to-ceiling windows bring the stunning desert landscape indoors. The gourmet kitchen is an entertainer's dream, with custom cabinetry, top-tier appliances, a marble backsplash, and an oversized island. Glass sliding doors open to expansive outdoor patios with multiple levels for relaxing or gathering, surrounded by uninterrupted mountain and golf course views. The luxurious primary suite is a retreat in itself, featuring a sitting area, spa-like ensuite with a standalone soaking tub, new steam shower, dual vanities, and a large walk-in closet. Additional highlights include European white oak plank flooring, a new foam/tile roof with a 10-year warranty, Lutron touch electrical outlets and switches, and smart Wi-Fi throughout. Car enthusiasts will appreciate the oversized 3-car garage with built-in storage and ample parking. With optional access to Troon's prestigious golf, tennis, and pickleball amenities, this home offers an exceptional lifestyle in the heart of North Scottsdale.

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6876 S Star Drive Gilbert, AZ 85298

$4,300,000

6 Beds

7 Baths

8,490 SqFt

Status Active

MLS # 6724968

Property Type Single Family Residence

Price Type --

Located in the prestigious Estados at Circle G, in the country club community of Seville. As you step through the Mediterranean-inspired courtyard and into the grand foyer, you'll be transported to the old-world charm of Italy. Cantera stone pillars, finished ceilings with brick, and wood beams create an ambiance of timeless elegance. The heart of the home is the family room, featuring 25+ foot soaring ceilings and a handcrafted Cantera stone fireplace. Adjacent to the gourmet kitchen with a huge granite bar, this space is perfect for entertaining family and friends. The master wing, conveniently located on the first floor, offers privacy. Indoors, discover 6 bedrooms, 7 baths, game room, theater room, and a grand office. Outside enjoy one of the best resort style backyards in the Gilbert

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10867 E Laurel Lane Scottsdale, AZ 85259

$4,300,000

6 Beds

5.5 Baths

4,899 SqFt

Status Active

MLS # 6736397

Property Type Single Family Residence

Price Type --

This custom Cactus Corridor estate impeccably blends luxury with functionality. Nestled on an impressive 1+ acre cul de sac street with no HOA, this transitional-style masterpiece, completed in 2017, offers stunning curb appeal and an expansive, open floor plan with large-scale living areas that connect seamlessly for entertaining and your family gatherings. Equipped with a state-of-the-art Smart Home Control 4 System, you can effortlessly monitor music and TVs settings to suit your lifestyle. The gourmet kitchen is a chef's dream, boasting high-end Thermador appliances, a stunning combination of quartz countertop materials, two large islands, a fruit sink, walk-in pantry, deluxe butler's pantry, and thoughtfully designed custom cabinetry throughout for optimal organization. Family room has 16-foot soaring ceilings, 20 ft. & 8 ft. sliding pocket doors, an 8-foot linear fireplace, and a floor-to-ceiling accent wall. Formal dining room includes a bar niche with beverage refrigerator, sink, and wine glass display. The primary suite is a luxurious retreat featuring a spa-style bathroom with a freestanding tub, an oversized shower with body shower heads and a rainfall showerhead, and two separate closets complete with an additional washer and dryer. Adjacent to the master suite is a spacious office with floor-to-ceiling windows and a walk-in closet. All 4 secondary bedrooms are en-suites with custom walk-in closets, providing ample privacy and comfort. Additional highlights include a large laundry and utility room, a drop zone with shelving leading from the garage. Automated blinds throughout the home. 3.5 extended car garage with an epoxy floor. The resort-style backyard is an entertainer's paradise, featuring a sparkling swimming pool and spa, spacious patios, and an outdoor living room complete with a covered seating area and bar/BBQ island. The expansive lot, with lush grass and sprawling travertine-tiled patio and pool area, brings a resort feel right to you. There's plenty of space to add a guest retreat or a sport pickleball court. This home puts the fun in functional and perfectly blends tranquility and modern sophistication in one of Scottsdale's most sought-after neighborhoods. Conveniently located near premier shopping, dining, and entertainment destinations and just minutes from the 101 freeway. and less than 10 minutes from Scottsdale HonorHealth and the Mayo Clinic. Cactus Corridor is desired for its easy access to shopping, hiking and bike trails, and all the amenities Scottsdale has to offer. This property offers the ideal balance of privacy and accessibility. With its stunning design and prime location, your dream home awaits and is ready for you to move right in. Refer to supplement for more details.

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8500 E Aster Drive Scottsdale, AZ 85260

$4,299,000

6 Beds

9 Baths

7,205 SqFt

Status Active

MLS # 6726365

Property Type Single Family Residence

Price Type --

Welcome to your dream home—an exquisite, fully remodeled masterpiece designed by SoHome Scottsdale in 2022. Nestled on a tranquil .8-acre interior lot with no HOA, this sprawling 7,205 sq. ft. estate offers the ultimate in luxury living. With 6 spacious bedrooms (5 in the main house, 1 in the detached casita), 7 lavish full bathrooms, and 2 elegant half baths, this home is tailored for both comfort and sophistication. The 6-car garage provides ample space for your vehicles and hobbies, while the office and bonus room offer endless possibilities for work and play. The heart of the home is the gourmet kitchen, where a massive island with bar seating for 8-10 flows effortlessly into the cozy family room, complete with a welcoming fireplace. Perfect for seamless indoor-outdoor living, two large pocket doors open to the spectacular resort-style backyard. Dive into the luxurious pool and spa with a cascading waterfall and slide, unwind under the shaded ramada, or challenge friends to a game on your very own basketball and pickleball court. No detail has been overlookedfrom the expansive laundry room and sleek glass office to the pet spa, ensuring every member of the family feels right at home. With 5 brand new HVAC systems (2022), an OWNED SOLAR system featuring 3 Tesla Powerwall Battery backups, and a new roof installed in 2021, this home offers the latest in modern efficiency. Truly, this is a home where luxury meets lifestyledon't miss the opportunity to make it yours!

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25583 N 89th Street Scottsdale, AZ 85255

Open House

$4,299,000

5 Beds

4.5 Baths

5,807 SqFt

Status Active

MLS # 6713905

Property Type Single Family Residence

Price Type --

Welcome to your own slice of Scottsdale paradise. This property located on 1.6 acres is the epitome of elegance and comfort. Perfect for entertaining, the functionality of this residence is unmatched. Step inside to discover a grand open-concept living space, featuring a fireplace in the living room connecting to the dining room. The sprawling kitchen has a generous island + a spacious bar area. You will love cooking here using 2 convection ovens, chefs gas stove, huge Sub-Zero refrigerator and a walk-in pantry. Kitchen is adjacent to a family room with stylish wood beams. The main house has a split floor plan, offering 2 master suites, as well as an office, on each side of the home. The bedrooms on the opposite wing are connected by a spacious bonus room. Outside, the pro continues to impress. A huge landscaped yard provides a serene oasis, with putting greens and room for a pickle ball court. The centerpiece of this outdoor paradise is the stunning 51-foot heated pool, which features a waterfall jacuzzi. Additionally, the estate includes a beautifully appointed detached guest house, offering a private sanctuary for visitors or extended family. This guest house features its own living area with bar plus bedroom, and a full bathroom, ensuring your guests enjoy their stay in utmost comfort. This remarkable property is not just a home, it's a lifestyle. With its unparalleled amenities and prime location (just minutes to 101 Frwy) this home offers everything you need for luxurious living and unforgettable entertaining. Don't miss the opportunity to make this extraordinary estate your own! See floor plan in documents. 5807 Sq Ft 5 Bedrooms (4 Main House, 1 Guest House ) 2 Offices (Main House) Loft/Bonus Area ( Main House) Key Features : - Custom home - solid 2 x 6 construction - 1.6 acre lot - Own Reverse Osmosis and Water Softener - Exclusive Gated Community - Pelle windows - RV Gate - Ample 3 car garage - HVAC - high rating Main House : - Natural gas - Fireplace in Living Room - Travertine Stone Tiles plus Wood Floors - Split Floor Plan - (2x) Master Suites - Lofted Wood Beams in Family Room - Granite in Bathrooms Gourmet Kitchen : - Wolf Stovetop with Grill Addition and Pot Filler - (2x) Wolf Convection Ovens - (2x) Garbage Disposals - Huge Sub-Zero Refrigerator - Ice Makers in both doors - Huge Walk-In Pantry - Farmhouse Kitchen Sink and Handwash Station - Quartz Counters in Kitchen and Laundry Detached Guest House : - 825 sqft - Bar Area seats 6 - Sink, Microwave, Fridge - Bed w Full Bath Wonderful Outdoor Space : - Putting Green - Heated Pool (51ft long, 6ft deep) (2023 gas heater) - Heated Waterfall Jacuzzi - Outdoor Grill with Bar, Seating Area for 10 - Beverage Fridge and Sink - Seller loves that the property has space to entertain large groups of people

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16229 N 115th Place Scottsdale, AZ 85255

$4,296,000

5 Beds

5.5 Baths

6,125 SqFt

Status Active

MLS # 6749308

Property Type Single Family Residence

Price Type --

VIEWS AND PRIVACY!!! Spectacular Custom Home in McDowell Mountain Ranch's 100 Hills Perfectly situated on a premium 2.3-acre lot, this stunning custom residence offers unmatched privacy and breathtaking views, backing up to endless acres of protected NAOS within the McDowell Mountains. With sweeping vistas of Camelback Mountain and the sparkling city lights, this home showcases extraordinary craftsmanship and high-end luxury finishes throughout, creating the ultimate in refined living. Step into the spacious living and dining areas with soaring 14-foot ceilings, a Cantera stone fireplace, and a wet bar, perfect for hosting both intimate gatherings and grand events. The gourmet kitchen is a culinary enthusiast's dream, equipped with top-tier Sub-Zero and Wolf appliances, custom alder cabinetry, sealed concrete countertops, and a generous walk-in pantry, all under a striking tongue-and-groove ceiling. The charming breakfast nook offers picturesque views of the lush backyard and the majestic mountains, providing the perfect space for daily dining. The expansive family room, centered around a stone fireplace, exudes warmth and comfort, while framing stunning views of the city below. The luxurious primary suite is a private retreat, complete with a dual-sided fireplace, seating area, and access to a covered patio with panoramic mountain views. The spa-like ensuite bath features a jetted soaking tub, dual-entry steam shower, his and her water closets, and two expansive wardrobe closets. A dedicated office with elegant ceiling details, custom wallpaper, and a walk-in closet offers a refined space for work or study. On the lower level, three spacious guest rooms include two with ensuite baths and one with a nearby full bath. The main garage offers room for up to three cars with epoxy flooring and abundant storage. The property also includes a guest casita, featuring a full kitchen, living room, ensuite bedroom, and a private single-bay garage - ideal for guests or extended family. Outdoor living spaces are equally impressive, with a grand T&G-covered balcony, freshly resealed decking, and a backyard oasis featuring a glass-tiled pool, spa, flagstone decking, a gazebo, and an exterior fireplace. Upgrades include new lighting, newer HVAC units, tankless water heaters, automated Pella doors and windows, a Crestron home automation system, and enhanced landscaping. Residents enjoy access to community amenities, including heated pools, tennis and pickleball courts, hiking and biking trails, and proximity to the MMR Golf Club and Aquatic Center. This one-of-a-kind residence offers an unparalleled luxury lifestyle in The Retreat at 100 Hills.

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4849 N Camelback Ridge Road Scottsdale, AZ 85251

$4,295,000

3 Beds

4 Baths

3,141 SqFt

Status Active

MLS # 6636463

Property Type Apartment

Price Type --

This three bedroom plus den residence features some of the best views at Ascent overlooking the golf course and to the McDowell Mountain range. Tucked at the base of Camelback Mountain, Ascent is a new, private gated community adjacent to The Phoenician Resort - one of Arizona's premier luxury resort destination. Ascent presents a new level of luxury living for Scottsdale with views overlooking the Valley & Camelback Mountain. Home designs feature contemporary architecture integrating warm, natural materials, expansive windows, and large outdoor patios. Thoughtfully designed by Nelsen Architects and Vallone Interior Design. Luxury finishes include exquisite bulthaup Kitchens, wood floors and Sub Zero-Wolf appliance package. A private rooftop terrace and the Mountain Club pool and fitness

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37200 N Cave Creek Road Unit 1002 Scottsdale, AZ 85262

Open House

$4,285,985

4 Beds

4.5 Baths

4,873 SqFt

Status Active

MLS # 6783715

Property Type Single Family Residence

Price Type --

Fully Furnished - turn key ready! Contemporary luxury residence built by Cullum Homes located in the 24/7 guard gated, highly desirable community of Seven Desert Mountain® This two-story Cactus Cove home features 4 bedrooms, 4 bathrooms and 1 powder room. The front entry is located behind a beautiful gated private courtyard with an elegant glass door entry. Greeted by a gorgeous great room area with soaring ceilings and a floor to ceiling stacked stone fireplace showpiece focal point. The great room flows seamlessly into the kitchen and opens to the covered patio area with a private pool and stunning mountain views! The chef's kitchen features Sub-Zero and Wolf appliances, handcrafted cabinetry, a large center island and walk-in pantry. Five-burner gas cooktop, large walk-in pantry, and walk-in pantry. Five-burner gas cooktop, large walk-in pantry, and lots of storage. Located on the main floor for ease and convenience, sits the gorgeous master suite with a private exit to the backyard. The en-suite master bathroom features a private toilet room, soaking tub, dual vanities, and a walk-in shower. At the end of the master bathroom, you will find a fabulous walk-in closet with built-ins. This spaciously laid out split floor plan offers an additional bedroom with en-suite bath and walk-in closet on the main level. Also featured on this level is an office, formal dining area, and a powder room. On the second level you will find an expansive seating/loft area that you and your guests will certainly enjoy along with a view deck to show off the incredible mountain views. The second floor also includes two additional bedrooms both with en-suite bathrooms and walk-in closets and one offers access to a private deck. Private pool and spa in the back yard along with a steel ramada with a waterfall feature, great for your entertaining needs. Built-in BBQ area as well. Beautifully designed landscaping with a mixture of desert and grass to blend in with the golf course ambiance. Three car garage so one can store the cars plus a golf cart and all the sports toys. Home is equipped with the latest smart-home technology with full house automation available and is energy efficient. Homeowners at Seven Desert Mountain® will either become a lifestyle or golf member to the Desert Mountain Club, gaining access to its world-class amenities including the Sonoran Health and Fitness Spa, tennis complex, a plethora of hiking and biking trails, several luxurious clubhouses and restaurants, and additional private golf courses.

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37200 N Cave Creek Road Unit 1005 Scottsdale, AZ 85262

Open House

$4,285,050

4 Beds

4.5 Baths

3,934 SqFt

Status Active

MLS # 6746716

Property Type Single Family Residence

Price Type --

DESINGER FURNISHED NEW HOME! FULL DESERT MOUNTAIN GOLF MEMBERSHIP AVAILABLE! ENTERING THE GATED ENTRANCE TO THIS NEW CULLUM HOME WELCOMES YOU TO THE SOUND OF A BUBBLING FOUNTAIN IN THE QUAINT LANDSCAPED COURTYARD WITH GUEST CASITA AND TOWERING GLASS FRONT DOOR. UPON ENTERING THE MAIN HOME YOU WILL NOTICE THE VIEW STRAIGHT THROUGH THE HOME OVERLOOKING THE WATER AND GREEN OF THE 13TH FAIRWAY OF THE RENEGADE COURSE. THE CHEF'S KITCHEN ADORNED WITH SUB ZERO REFRIGERATOR, WOLF COOK TOP, OVENS AND COVE DISHWASHER ALL OVERLOOK THE LIVING AND ENTERTAINING SPACE. THE DINING AND GREAT ROOM WITH HIGH CEILING, FIREPLACE WITH BUILT IN SHELVING AND WALL OF GLASS OPEN ONTO THE ENTERTAINERS DREAM BACKYARD. THE SWIMMING POOL, BUILT IN BBQ, FIRE PIT AND LARGE COVERED PATIO HAVE AN AMAZING VIEW OVER THE RENEGADE COURSE, POND AND MOUNTAINS IN THE DISTANCE. THIS IS A GREAT PLACE TO ENJOY THE WINTER SUN. THE PRIMARY SUITE HAS A DESIGNER TOUCH WITH A STONE WALL ACCENT AND LARGE FIREPLACE FOR THOSE COOL EVENINGS. THE LARGE BATH WITH SEPARATE SINKS, SHOWER, SOAKING TUB AND CUSTOM CLOSET TO GET READY IN. TWO EN-SUITE BEDROOMS THAT ACCOMMODATE KING SIZE BEDS ARE ALL SEPARATE FROM EACH OTHER WITH ONE OPENING INTO THE PRIVATE COURTYARD. THE LARGE OFFICE WITH COURTYARD VIEW, LAUNDRY AND POWDER BATH COMPLETES THIS SINGLE LEVEL LIVING HOME. GUESTS WILL NEVER WANT TO LEAVE IN THEIR OWN CASITA WITH LARGE BATH. THE OVERSIZED 3 CAR GARAGE WITH EPOXY FLOORING IS LARGE ENOUGH TO STORE THAT GOLF CART. THIS HOME WILL BE MOVE IN READY BY YEARS END JUST IN TIME TO ENJOY ALL THAT DESERT MOUNTAIN HAS TO OFFER! BRING YOUR CLUBS AND GET ON ALL OF THE SEVEN COURSES!

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10610 E Stoney Circle Scottsdale, AZ 85262

$4,277,625

4 Beds

4.5 Baths

5,185 SqFt

Status Active

MLS # 6769131

Property Type Single Family Residence

Price Type --

INTRODUCING STANDING STONES, AN EXCEPTIONAL NEW LUXURY COMMUNITY THAT REDEFINES ELEVATED LIVING. A TRUE MASTERPIECE OF CONTEMPORARY LIVING NESTLED AMIDST THE BREATHTAKING BACKDROP OF THE SONORAN DESERT LANDSCAPE, WITHIN AN EXCLUSIVE COMMUNITY BOASTING EIGHT METICULOUSLY CURATED HOMESITES, EACH OFFERING AN EXCEPTIONAL CANVAS FOR CRAFTING YOUR OWN CUSTOM ESTATE HOME. HERE, RESIDENTS WILL FIND THE PERFECT BLEND OF NATURAL BEAUTY, SPACIOUS LOTS, AND PROXIMITY TO URBAN CONVENIENCES. THE AMETHYST FLOORPLAN INTRODUCES MODERN ARCHITECTURE FROM THE MOMENT YOU ARRIVE, WITH A CAPTIVATING ENTRANCE FEATURING A PRIVATE GATED COURTYARD ADORNED WITH A WELCOMING FIREPLACE, CREATING AN INVITING SPACE FOR OUTDOOR LIVING AND ENTERTAINING. AS YOU STEP THROUGH THE CUSTOM GLASS DOOR ENTRY, YOU ARE TRANSPORTED INTO A WORLD OF ELEGANT DESIGN AND LUXURIOUS LIVING. THE HEART OF THIS REMARKABLE FLOORPLAN IS UNDOUBTEDLY THE EXPANSIVE GREAT ROOM, A TESTAMENT TO OPEN AND AIRY LIVING WITH 12-FOOT CEILINGS AND AN INVITING FIREPLACE. THIS HOME OFFERS 4 BEDROOMS, AN OFFICE/FLEX SPACE, 4.5 BATHS AND A GENEROUS 5,185 SQUARE FEET OF LIVING SPACE. DESIGNED TO CREATE A SEAMLESS CONNECTION BETWEEN THE INTERIOR AND THE BREATHTAKING DESERT LANDSCAPE, THIS SPACE EXUDES CHARM AND SOPHISTICATION. WITH AMPLE WINDOWS THAT BATHE THE ROOM IN NATURAL LIGHT AND ALLOW FOR UNINTERRUPTED VIEWS OF THE SURROUNDING NATURE, IT'S A PLACE WHERE TRANQUILITY MEETS FORWARD THINKING DESIGN. THE BUILT-IN BAR AREA ADDS AN ELEMENT OF GRANDEUR, OFFERING A LUXURIOUS SETTING TO ENTERTAIN GUESTS. GLASS DOORS EXTEND GRACEFULLY TO THE PATIO, FURTHER BLURRING THE LINES BETWEEN INDOOR AND OUTDOOR LIVING. FOR THOSE PASSIONATE ABOUT THE CULINARY ARTS, THE GOURMET KITCHEN IS A DREAM COME TRUE, BOASTING SUB-ZERO AND WOLF APPLIANCES AND AN EXPANSIVE ISLAND WITH BAR SEATING, CREATING A CULINARY HUB THAT EFFORTLESSLY CONNECTS TO THE GREAT ROOM AND DINING AREA. WHETHER YOU'RE HOSTING A DINNER PARTY OR ENJOYING A CASUAL FAMILY MEAL, THIS SPACE IS DESIGNED TO MEET YOUR EVERY NEED. A SPACIOUS WALK-IN BUTLERS' PANTRY JUST OFF THE KITCHEN OFFERS ABUNDANT CONVENIENCE AND AMPLE STORAGE. FOR THOSE WHO DESIRE EVEN MORE FUNCTIONALITY, AN OPTIONAL SECOND KITCHEN IS AVAILABLE, ELEVATING YOUR CULINARY EXPERIENCE TO NEW HIGHS. THE PRIMARY SUITE IS A PRIVATE RETREAT. AS YOU APPROACH, A SERENE STUDY/LOUNGE SITTING AREA OFFERS THE PERFECT SPACE TO UNWIND. THE PRIMARY SUITE ITSELF IS A HAVEN OF LUXURY AND COMFORT, WITH THE OPTION TO ADD A FIREPLACE, CREATING A COZY AND INVITING ATMOSPHERE. THE WALK-IN CLOSET OFFERS AMPLE STORAGE SPACE FOR YOUR WARDROBE AND ACCESSORIES, ENSURING THAT EVERY DETAIL IS METICULOUSLY ATTENDED TO. ADDITIONAL BEDROOMS ARE ALL ENSUITE, EACH WITH ITS OWN WALK-IN CLOSET, PROVIDING THE UTMOST COMFORT AND PRIVACY FOR ALL OCCUPANTS. AN OFFICE/FLEX SPACE FURTHER ENHANCES THE HOMES VERSATILITY, ALLOWING YOU TO CREATE YOUR OWN DEDICATED WORKSPACE, PERSONAL GYM, OR A HAVEN TAILORED TO YOUR UNIQUE NEEDS. THE EXPANSIVE COVERED PATIO BECKONS WITH THE PROMISE OF BREATHTAKING DESERT VIEWS AND AMPLE SPACE FOR CREATING YOUR OWN OUTDOOR OASIS. FOR THIS TURNKEY OFFERING, THE PACKAGE COMES COMPLETE WITH A POOL, BUILT-IN BBQ AND LANDSCAPING. THE PERFECT COMPLEMENT TO THE DESERT'S NATURAL BEAUTY, AND FOR BEAUTIFULLY LANDSCAPED GARDENS THAT ENVELOP YOUR HOME IN SERENE LUXURY. STANDING STONES IS AN INVITATION TO ELEVATE YOUR LIFESTYLE AND IMMERSE YOURSELF IN THE SPLENDOR OF NORTH SCOTTSDALE'S MOST EXCLUSIVE COMMUNITY. HERE, LUXURY AND NATURE COEXIST IN PERFECT HARMONY, OFFERING AN UNPARALLELED LIVING EXPERIENCE THAT IS AS UNIQUE AS IT IS BREATHTAKING.

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