Tour Scottsdale Whisper Rock Estates Luxury Home for $10 ALL Proceeds go to Phoenix Childrens Hospital

Juan Pesqueira Group

480.458.8007

Tour Scottsdale Luxury Home in Whisper Rock Estates for only $10 and all Proceeds will go to Phoenix Children’s Hospital. If you are out and about driving looking for Open Houses this is a must but get your tickets first!

Come out and enjoy looking at this beautiful home and at the same time helping out our Phoenix Children’s Hospital.

Price Tag $1,475,000

Subdivision: Whisper Rock Estates

Beds: 4

Baths: 3.5

Square Footage: 4,600

Parking: 3-Garage

Just Completed by Platinum Homes, the Luxury Custom Showcase Home in 24-hr Guard Gated Whisper Rock Estates! Built on a private 2.69-acre Mountain View lot with SE exposure. Open Great Room single level layout, 3 BEDRM SUITES + Office/Theater OR 4th BEDRM, Chefs Kitchen & more. This estate is the Feature Home in CHANNEL 12’s “Homes of Distinction.” This promotional program allows the public to view the Whisper Rock Estates Show Home highest quality of construction, professionally decorated/designed, state-of-the-art home building products, appliances/fixtures & unsurpassed craftsmanship from the Top Vendors in the Valley & Southwest.

Tours Begin February 23 – March 11

Thursday – Saturday 10-5

Sunday 12 – 5

Click to view MLS 7527 E WHISPER ROCK TRL Scottsdale, AZ 85266

Paradise Valley not the only Multi Million Dollar Real Estate Market hit hard with Foreclosures! Near Rodeo Drive

WEBSITE: http://www.Homes-ParadiseValley.com

Juan Pesqueira Group 480.458.8007

5665 E Cheney DR Paradise Valley, AZ 85253 Sold for $2,600,000 bank owned but once was priced at $10,000,000

BEVERLY HILLS (Reuters) – The careworn house not far from Santa Monica Boulevard resembles millions of other homes that have been foreclosed on since the calamitous U.S. housing crash four years ago.

Garbage spews from trash bags behind the property. A smashed television leans against broken furniture. A filthy toy dog lies on its side, an ear draped across its face. The garden is overgrown. The house needs a paint job.

Yet the property on North Rexford Drive, Beverly Hills, California, is no ordinary foreclosure.

A sprawling, Spanish-style estate, fringed by majestic pine trees and located near the boutiques of Santa Monica Boulevard, its former owners were served with a default notice in 2010; they were $205,000 behind in their payments on mortgages totaling $6.9 million.

Welcome to foreclosure Beverly Hills-style.

Some 180 houses in Beverly Hills, the storied Los Angeles enclave rich with Hollywood stars and music moguls, have been foreclosed on by lenders, scheduled for auction, or served with a default notice, the highest level since the 2008 financial crash, according to a Reuters analysis of figures compiled by RealtyTrac, which tracks foreclosures nationwide.

As in the default-ravaged suburban subdivisions of Phoenix, Arizona, and Tampa, Florida, plunging real estate prices are the root of the problem in Beverly Hills. Hard times in Paradise Valley, Arizona

But the dynamics of the residential real estate collapse are very different in elite neighborhoods such as this. The majority of delinquent homeowners here owe more than $1 million. Many are walking away not because they can’t pay, but because they judge it would be foolish to keep doing so.

“It’s a business decision, not an emotional one which it is for normal people,” said Deborah Bremner, owner of the Bremner Group at Coldwell Banker, which specializes in high-end properties in the Los Angeles area. “I go to cocktail parties and all people are talking about is whether it is time to walk away, although they will never be quoted in the real world.”

She said she had seen in Beverly Hills a big increase in “strategic defaults,” in which owners who can still afford to make their monthly mortgage payment choose not to because the property is now worth so much less than the giant loan used to buy it during the housing bubble.

Strategic default is an especially appealing option in California, one of only a handful of U.S. states where primary mortgages made by banks are “non-recourse” loans. That means the loan is secured solely by the property, and banks cannot go after a delinquent owner’s wages or other assets if they default.

Bremner said she helped a client buy a Beverly Hills mansion last year that the prior owner had bought for over $4 million. He decided to stop paying his $3 million mortgage – even though he could easily afford it – when the value of the property had dropped to $2.5 million.

“They were able to comfortably cover the loan,” Bremner said. “They were just no longer willing to see the value of the property drop.”

A huge “shadow inventory” is building of elite homes that are in default but have not been put on the market. Of the 180 distressed properties in Beverly Hills, only 12 are up for sale.

The backlog reflects the pent-up flood of foreclosed properties of all price ranges that are expected to hit the U.S. market this year, especially after five major banks reached a $25 billion settlement last week with the U.S. over fraudulent foreclosure practices.

DEFAULTS ON “JUMBO’ LOANS SOARING

Across the United States, the largest increase in foreclosures and delinquencies, compared with 2008 levels, is with “jumbo” mortgages – loans too large to be insured by Fannie Mae and Freddie Mac, the government controlled mortgage finance providers. Foreclosures on jumbo loans are up 579 percent since 2008, greater than any other form of loan, according to a report last month by Lender Processing Services, Inc.

Strategic defaults are now more likely among jumbo loan-holders than any other type of borrower, according to a report issued late last year by JPMorgan Chase & Co. Nearly 40 percent of delinquencies among non-governmental mortgages, which are mostly jumbo loans, are strategic defaults, the report said.

“Now that these homeowners with jumbo loans are finding out you can do this, more and more are doing strategic foreclosures,” said Jon Maddux the CEO of YouWalkAway.com, which advises homeowners who are “underwater,” the term for those whose loans exceed the value of their home.

Nathaniel J. Friedman, a Beverly Hills lawyer, insists he is not a strategic defaulter – that he never missed a mortgage payment in his life. But he stopped making payments on his five-bedroom, six-bathroom Beverly Hills house on Schuyler Road three years ago.

Friedman, who had mortgages totaling $3 million with the now-defunct Countrywide Home Loans, returned home one evening in January 2009 to find a letter from Countrywide freezing his $150,000 line of credit, which was linked to his second $900,000 loan. His primary loan was $2.1 million. The property is worth about $2 million today.

Friedman says he decided to stop paying out of a sense of vengeance from the moment he received that letter. He has been in negotiations for months with Bank of America, which took over Countrywide after its collapse, to modify the loan.

“I thought to hell with it,” he told Reuters. “Why should I keep feeding a dead horse if the bank has no confidence in me?”

“I was able to maneuver things my way because of the inertia of the banking sector,” Friedman said. He believes the bank will blink first, and eventually modify his loan.

SOLD AT AUCTION – $35,000,000 Scottsdale mansion on 19.2 Acres Equestrian Potential or Build your private Golf Course

Website: http://www.HomesScottsdaleFor.com

The Juan Pesqueira Group

480-458-8007

Following five weeks of widespread exposure for the Happy Valley Estate Auction – A Private Scottsdale, Arizona residence with approximately 27,000 square feet of resort living on 19 beautiful acres – The property sold for the highest price $5,350,000 in Scottsdale this year and the second highest in the past 12 months! Global exposure produced over 4,600 page views, 200 showings, 228 buyer prospects and 13 bidders!

FROM THE AGENT

This sale is monumental for the Scottsdale area, making the highest recorded price for a single family residence this year and the second highest in the past 12 months. With heightened inventory levels, particularly in the luxury realm, auctions will continue to be an important tool to facilitate our return to equilibrium. Although many auctions firms have been in our market, none have produced an incredible outcome as we did this weekend with Concierge.

Sell or Buy your next Luxury Home or Mansion with the representation of The Juan Pesqueira Group 480.458.8007

MILLION DOLLAR VIEWS! City Light Vs Desert Mountain Arizona Luxury Homes and Mansions with Sick Views on Private secluded lots!

WEBSITE: http://www.Homes-ParadiseValley.com

http://www.HomesScottsdaleFor.com

By J.Pesqueira Group

480.458.8007

Buy   Sell   Search   Contact

Luxury Homes | Mansions | Penthouse/High-Rise Condos

Got Views Oh Yeah! Got Private Lot Preserve! Oh Yeah from City light views of Downtown Phoenix to Arcadia and Camelback Mountain to Scottsdale McDowell Mountains, to Carfree the Boulders to Paradise Valley Mummy Mountain up to Mesa Las Sendas and back Old Town Scottsdale. Whether you are looking for beautiful Mountain views, desert views, urban downtown living views, city views, or just freaking views look no further. Here is what I call fab 16 secluded private homes and condos with some fabulous and sick views. It was extremely tough to post so little but here they are, enjoy and if you are interested in any of the homes below CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007.


List Price: $3,950,000

Beds: 3

Bath: 3.5

Square Feet: 6,977

Property Type: Single Family Territorial Santa Fe

One of the ultimate hideaways and secure locations in the world surrounded by nearly 60 acres of undeveloped land and preserves! This gated mountain-top fortress-like home, built by Phil Smith Custom Homes, has maximum privacy and security with bridge access, stunning views, 5,000 gal. Water tank, powerful Kohler back-up generator, elevator and huge safe room. One of the highest available homes on Black Mountain, Carefree’s top address! An engineering feat showcased by the Wall St. Journal, TV! This breathtaking Southwest Contemporary Southwest design which features a panorama of rugged mountains, deserts and city lights! The finest and exceptional finishes and attention-to-detail, hewn out of nature’s best. You’ll never forget your visit! CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $3,300,000

Beds: 5

Bath: 5.5

Square Feet: 7,179

Property Type: Single Family Santa Barbara/Tuscan

Spectacular city & mountain views from every room of this luxurious property. Home features fabulous interior courtyard w/cantera fireplace & fountain. Extensive West facing covered patios w/fireplace, firepit & bbq. 6 car garge w/gated motor court. Gourmet kitchen is equipped w/the finest of appliances, featuring Wolf, Sub Zero, & Miele, to complement the magnificent cabinetry, granite counters & 2 islands. Dream master suite w/private exit to back patio. Each of the remaining 4 bedrooms has its own private bath. Attached casita w/private entry can serve as office, guest suite or sewing room. Home theater room w/wet bar. Family room & theater room have glass wall opening to patio. Take in the sunset’s views from this spectacular pool & spa setting. One of a kind exclusive custom home. CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $2,795,000

Beds: 4

Bath: 5.5

Square Feet: 5,917

Property Type: Single Family Contemporary

Unbelievable city views see from Apache Junction to Surprise and almost to Tucson. One of the highest homes on the mountain with preserve land behind house. Private gated street. Modern high end contemporary style house. One the newer houses on the mountain. Only house on mountain with city sewer service. Floor-ceilings windows, underground wine room, custom architectural features, stone floors/countertops, 14 Ft ceilings, negative edge pool with waterfall spa, large balconies, gated street. CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $2,199,000

Beds: 4

Bath: 4.5

Square Feet: 4,244

Property Type: Single Family Santa Barbara/Tuscan

Totally remodeled home w/ city, mountain & sunset views on HUGE hillside lot nestled against the Phoenix Mtn. Preserve. Chef’s kitchen with high-end appliances spills out into dining and high balcony patios overlooking the city lights. You and your guests will love the full basketball court, endless patios, huge yard and lush landscaping. Travertine, Saltillo and 6” plank walnut floor throughout. Rich wood-colored beams on ceilings and 4 fireplaces provide a warm ambiance. Tri-split floor plan for privacy and each of 4 bedrooms has its own bath. Spacious master has large retreat with fireplace, expansive walk-in and remodeled bath w ultra Jacuzzi tub, dual head shower, Italian travertine & granite. Securely and conveniently located in prestigious guard-gated Biltmore Mountain Estates. CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $1,850,000

Beds: 4

Bath: 5.5

Square Feet: 6,337

Property Type: Single Family Santa Barbara/Tuscan

Unbeatable city and mountain views from 8+ acre very private Hawks Canyon Estate. Most desirable block construction with classy hand plaster designs, ‘over the top” gourmet kitchen with butler pantry, miles of granite and travertine, plank hardwood floors with distinctive doors cabs. The romantic master w/private patio features claw tub and steam shower, fireplace and adjoining library. All bedrooms offer private patio entrance. The Casita w/bath & kitchen separate entrance at guest parking. The media room is set up for the largest of video, audio and wet bar. Privacy abounds for the owner and guests in this lavish get away with gorgeous water features flowing from upper negative edge to lower pool at entry. CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $1,775,000

Beds: 4

Bath: 4.5

Square Feet: 5,301

Property Type: Single Family Three or More Levels

Expansive views of the McDowell’s and Four Peaks from this exceptional hillside home. The great room, formal dining room, kitchen, office/den and master bedroom feature large windows of glass allowing breathtaking views of Paradise Valley, Scottsdale and the surrounding area. Intimate patios feature an outside fireplace and spa; the perfect place to relax and enjoy the fabulous city lights. New carpet, paint and travertine floors in all the bathrooms make this bright and open home move in ready. CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $1,250,000

Beds: 3

Bath: 3

Square Feet: 2,100

Property Type: Single Family Contemporary

One of the highest lots on the south side of Mummy Mountain, this hillside property features breathtaking views of downtown Phoenix, including a full profile of Camelback Mtn. The property is full of geologic accents, giving it a unique combination of on-site beauty with the superior view. Unlike the ‘house on a slope’ competition, it boasts a diverse landscape of rock ridges and low areas, ins and outs, large boulders and scree, but ample room for development. Secluded and private, neighbors to each side are practically invisible. Existing structure “floats” over the entryway to the front door, an innovative solution to the slope, and that existing foundation can be maintained to utilize this unique configuration. Build your custom masterpiece above the rest! CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $1,075,000

Beds: 5

Bath: 4

Square Feet: 4,400

Property Type: Single Family Santa Barbara/Tuscan

Builders private residence. Beautiful custom 5br,4ba,3fp home. Completely remodeled in 2009 w/the finest appointments. Hand Scraped wood floors, Italian Tile and The finest carpet throughout. Soaring 27ft beamed ceilings greet you as you enter through the custom Iron & wood front door. A massive distressed wood staircase leads you to 4 of the 5 oversized bedrooms (2 are master suites). Each bedroom is unique. One bedroom has soaring 18ft ceilings, another comes with its own loft. All bedrooms have access to covered patios that surround this magnificent home. The kitchen is an entertainers delight w/distressed walnut cabinetry, subzero refrig, Viking SS Appliances and custom Granite Counters. The backyard is complete with an oversized diving pool (15ft Deep) and Cabana. Views abound

Penthouse Condos, Lofts, Patio Homes With Sick Views

List Price: $2,995,000

Beds: 3

Bath: 3.5

Square Feet: 3,919

Property Type: Penthouse Condo Contemporary

THE LARGEST and THE ONLY NINTH FLOOR PENTHOUSE available FOR SALE in the ”Heart of Kierland Commons”!! BEST OF THE BEST!! CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $2,499,000

Beds: 3

Bath: 3.5

Square Feet: 3,940

Property Type: Penthouse Condo Contemporary

Downtown Scottsdale affluent penthouse living; stunning panorama views of surrounding city lights, mountain ranges and sweeping Phoenix skyline. Some of the amenities at this prestigious address include a concierge service, rooftop pool and spa, fitness center, business center, wine & club room. The essence of this penthouse is captured in its generous room sizes creating an expansive space where significant artwork and sculpture can easily be showcased. Multiple balconies, a perfectly outfitted Euro style kitchen and a 300 bottle wine chiller complement any entertainment style. Featuring 3 bedrooms & 3.5 baths plus library/office, this home includes parking for 3 autos. Well secured, steps away from great restaurants, fine shopping, galleries and entertainment. CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $1,799,000

Beds: 3

Bath: 3

Square Feet: 2,846

Property Type: Penthouse Condo Contemporary

SUNSETS ANYONE? this RARE, HIGH FLOOR, NW CORNER LOCATION in the prestigious Plaza Lofts Tower at Kierland Commons is truly ONE-OF-A-KIND. Spectacular UNOBSTRUCTED Golf Course, Mountain, City Lights and Sunset/Sunrise views, with Floor to Ceiling windows and Telescoping doors that open to a Covered Terrace!! Ten foot Ceilings enhance oversized rooms including Three Bedrooms and Three Full Baths. This home has a complete sound system, electric blinds are in every room, and the Kitchen has Sub Zero and Wolf appliances. No detail has been spared!! Scottsdale Quarter is just a short walk across the street! Owners will enjoy community amenities, as well as exclusive Plaza Lofts resident discounts at Kierland Commons, the neighboring Westin Kierland Resort & Spa and Kierland Golf Club. CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $1,100,000

Beds: 3

Bath: 3

Square Feet: 2,960

Property Type: Patio Home

Stunning golf course, Mtn. & city light VIEWS from this beautiful 3 bedrm, 3 bathrm home in Desert Mountain. Perfectly situated on an elevated North/South facing cul-de-sac lot located on the 18th hole of the Renegade golf course. Upgrades include hardwood, flagstone & travertine flooring, plantation shutters, wood planked & coffered ceilings, custom cabinetry, & surround sound. Floorplan offers large open kitchen w/ granite countertops & family room w/ granite wet bar & gas fireplace. Master suite features tumbled travertine counters, shower & tub, his & hers walk-in closets & stacked stone gas fireplace. Back patio w/ BBQ area, heated spa, & gorgeous VIEWS! Membership not required (no fees) but currently offered at special discounted pricing if desired. CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $999,999

Beds: 2

Bath: 2.5

Square Feet: 2,340

Property Type: Penthouse Loft

Incredible penthouse loft in Old Town Scottsdale, the ultimate urban dwelling! This split master floorplan has been beautifully finished with hardwood flooring, granite countertops, and stainless Viking appliances. This loft also includes a customized smart-home system designed to control media, climate, window shades and other various home features. Two separate terraces offer spectacular city views. The 3rd Avenue Lofts community amenities include private underground parking, heated pool and spa, courtyard with BBQ and fireplace, fitness center and full service concierge. CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

List Price: $875,000

Beds: 2

Bath: 2.5

Square Feet: 2,451

Property Type: Condo Contemporary

Brand new luxury condominiums in the heart of Old Town Scottsdale offering the premier urban lifestyle. This fabulous 2 bedroom, 2 1/2 baths home also has a nice den and grand open living spaces. Direct elevator access and great Camelback Mountain views. Extraordinary chef’s kitchen featuring beautiful granite countertops, Wolf stainless 6 burner gas range, GE Monogram stainless refrigerator, dishwasher and built-in microwave. Unmatched amenities including 24 hour room service, private fitness center, incredible rooftop pool, spa, cabanas and barbecues, secure underground parking and concierge services. Walk to Old Town and only minutes from Scottsdale Fashion Square. Quality and luxury in the very heart of town. Come see why The Mark is the premier community in Old Town Scottsdale.  CALL FOR MORE INFO OR PRIVATE SHOWINGS 480.458.8007

CLICK TO VIEW THE FAB 14…..

Most expensive homes sold in Phoenix, Arizona and surrounding cities during January 2012

Websites: http://www.homes-paradisevalley.com

http://www.homesScottsdaleFor.com

http://www.tempehomescondos.com/

http://www.buysellinvestinaz.com

by J.Pesqueira Group 480.458.8007

Location: Paradise Valley

Subdivision: Kensington Estates

Price Sold: $4,600,000

Beds: 5

Bath: 7.5

Square Footage: 8,236

This villa was designed and finished with the finest in terms of quality, taste, and sophistication, while seamlessly offering every possible modern amenity. White glove maintenance resounds throughout, and design details by Vallone Interiors make this home a superlative showpiece. No expense was spared in crafting custom windows, doors, cabinetry, bookshelves, and 8 fireplaces. From the imported elements to the upholstered Cashmere walls to the Mother-of-Pearl pool and spa, the new owner will find opulence throughout. Dwell amidst Pool-side Cabanas, Sheryl Wagner hardware, and Carrara Marble Waterworks. No reproductions found here, only originals!

 

Location: Mesa

Subdivision: Las Sendas

Price Sold: $3,500,000

Beds: 6

Bath: 7

Square Footage: 8,016

NEVER LIVED IN…. On The BEST view lot in Las Sendas.The true Diamond of the exclusive Diamond Point Community. It’s all about the VIEWS…Spectacular views from this luxurious estate. Nu Vista home builders have appointed this home with all the best amenities, including fully equipped guest home,7 Car Garage; one of which is an RV garage, Each bedroom has its own private bath, three levels of patio for entertaining, Theatre room, Top of the line gourmet kitchen, Incredible master suite with city light views from your bed. The pool and yard is one of kind. Many, Many more features. It’s a must see.

 

Location: Paradise Valley

Subdivision: La Place Du Sommet

Price Sold: $3,255,000

Beds: 5

Bath: 6.5

Square Footage: 7,868

NEWLY COMPLETED DRIVEWAY! Drive extended to create guest parking and plenty of room to turn around. Luxury hillside estate with forever views nestled on 1.55 acres located in prestigious guard gated La Place Du Sommet. Gorgeous new custom offering 7,868 sq. ft. with unobstructed city & mountain VIEWS. Complete with the finest amenities & features including 5 bedrooms, 6.5 baths, study, exercise room, game room, 4 fireplaces, indoor pool room with wet bar & bath, outdoor terraces, raised spa, outdoor kitchen, 2 elevators to upper & lower levels and much more. Fine finishes throughout such as travertine & wood plank flooring, granite, glass tile baths, Viking appliances, Cantera stone, custom cabinetry and more.

 

Location: Scottsdale

Subdivision: Private Estate

Price Sold: $2,720,000

Beds: 7

Bath: 9

Square Footage: 11,049

Scottsdale grand estate privately gated makes this the ultimate in living and privacy. Enourmous kitchen equipped with Viking appliances, custom cabinetry, butler’s pantry, and walk in pantry. Main floor features game room, office with custom built in cabinetry and fireplace, formal dining and formal living room. Master retreat features luxurious bath, sitting area with morning bar and fireplace, and laundry room. Full basement with media room, 2 bedrooms and kitchenette, powder bath and plenty of storage space. Upper floor library and basement are accessible by elevator. 5 car garage with oversized door for RV parking. Walk out deck, huge diving pool, spa, water features and so much more! Very convenient to shopping and dining.

 

Location: Paradise Valley

Subdivision: MOCKINBIRD VISTAS

Price Sold: $2,622,500

Beds: 5

Bath: 6.5

Square Footage: 7,748

A wonderful floor plan in this gracious, well constructed home on over an acre. Enter into large foyer which looks through spacious formal living room to rear yard and pool. The master is set privately on its own side of the home with the other three main home bedrooms split. Off the large family room is a media room with drop down screen and room for a family or lots of friends. Each bedroom is ensuite. Outside, a guest casita and play yard to the side. All this is an area of very expensive homes.

Click to view January 2012 Luxury homes Sold

Paradise Valley Homes Sold

Scottsdale Homes Sold

Phoenix Homes Sold

East Valley Homes Sold