One of Paradise Valley’s most exclusive address, this compound is over 13,400 sf, on nearly 5 gated acres. Once priced at $23,000,000 but now considered land value at $6,099,000. The compound (If you choose to accept) comes with 2 guest houses, Commercial elevator, gourmet kitchen, a massive master with 2 marble baths and 2 large walk in closets. 5 bedroom, 9 bathrooms, 13 fireplaces (because one is not enough and in Arizona you need them year round – insert sarcasm), stunning grounds with pool, fountains and a tennis court. It’s not ideal for you car lovers as it only comes with a 4 car garage but I think there is enough room on site to add a massive show room.
The compound is located in JOKAKE CAMELBACK PROPERTIES the most prestigious location in Paradise Valley. Each property is on 5+ acres making this one of the most exclusive streets in the country. JP Morgan Chase Bank is the lean and property holder. This home is selling so fast that by the time you read this blog the home will probably be sold. No it’s Sold!
If this is not an indication that the luxury home market in Arizona is back then I don’t know what is. Back in February 2015 a piece of dirt sold for $7.9 Million. On MARCH 31, 2012 we introduced the return of the Luxury Home Market in Paradise Valley by calling it when the Most expensive home sold for $10.5 Million, and get this it was bank owned…
So could this be the next record breaking flip, redevelopment, or complete renovation?