Luxury Home of the Week spotlight blog, Scottsdale, Paradise Valley, Phoenix. covering celebrity real estate, penthouse relocation. Articles about Arizona high-end real estate market, tips and tricks to buying or selling, 1031 exchange basics, popular & famous architecture, movers, shakers. Juan Pesqueira luxury Realtorous architecture, movers, shakers. Luxury Realtor JOHN PESQUEIRA
There are many reasons someone might need to sell a tenant-occupied property in the Valley of the Sun (Arizona).
You hate being a landlord, landlord life is not for you! You want to take advantage of Phoenix, Arizona hot sellers’ market. You are looking to move money elsewhere. If you must sell a home with tenants its best totread lightly
and do some research. Kidding… JK it’s not breaking bad style of selling homes although we have been called the wild wild west or real estate. Everyday homes in Phoenix, Scottsdale, Tempe, Chandler, Mesa, Gilbert, Glendale, Peoria, and through Maricopa County Arizona are being sold with tenants in place.
Here lies the good, the bad, and the ugly of selling a home with tenants plus some advice and guidance from top Realtor John Pesqueira.
selling a home with tenants it allows you to continue collecting rents and
making money (Cheddar baby). On top of rental income when you close escrow you
will receive a huge check (Cha Ching). And if done correctly you will not need
to transfer or pay back the deposits. This is a perfect world scenario but as
well all know nothing is perfect. There is a saying in real estate, what can,
will go wrong. Expect the unexpected.
The Bad (issues that must be addressed upfront):
Tenants have rights! Every landlord in Arizona should read the Arizona Land Lord Tenant act. Get familiar with this bible. Know your rights and the tenants’ rights before listing any property with tenants.
common tenant right is 48 hours’ entry notice. Many tenants will allow showings
in short notice and or in 24 hours but that should be addressed with the
tenants and in writing. An entry notice must be in writing or email, should be
followed up with a call, and a confirmation. This means that any and all
showings, inspections, or any entry must be scheduled days in advance.
On the other side buyers don’t have the time to wait for a showing in a hot market like Phoenix-Scottsdale-Tempe, Arizona. You will have many buyers pass the home up for a showing or interest and some are good buyers. A tenant (not knowing) can easily sabotage a sale by making it difficult to access or not allowing showings. ** Reminder *** read/familiarize the Arizona Land Lord Tenant act. It’s your landlord bible.
The Ugly (Go F**K YOURSELF!):
tenant can kill the deal fast! A tenant can damage the property before and
after inspections. A tenant can damage the home before final walkthrough. If
the damage is substantial the new buyer might want to renegotiate price,
credit, or terms. The new buyer could back out and the sale falls through. This
will leave the issue with you. At this point you lost a good buyer, you waisted
a lot of time, and your home is in worse shape than when you put it up for
sale. A lose all the way.
A mad or uncooperative tenant is difficult to work with. If a tenant is being difficult with you (Seller) how do you think he will be with a 3rd party like a Realtor? Not good, the deal is dead on arrival.
The truth about selling a home with tenants is your buyer pool is smaller for many reasons (access/entry, unforeseen damages and issues, etc.). Financing is a little trickier for tenant occupied homes when it comes to 1st time home buyers and todays #1 buyer is 1st time home buyer. When selling to an investor buyer make sure to have P&L, leases, and tenant info ready. But all these issues if addressed upfront and correctly will result in a top of the market sale.
are a crucial part of selling a home with tenants, they somewhat take the
position of the owner. As a top Realtor in the Phoenix, Arizona market
(including Scottsdale, Tempe, Chandler, Mesa, Gilbert, Glendale, and through
Maricopa County Arizona) I have sold many homes with tenants in place. My
advice is right from the beginning of the move in date or 1st meet
start building a good repour with the tenant. Don’t be a slum lord! Always be
courteous and quick to correct issues/respond. Communicate with them often,
maybe add verbiage the lease that allows you to enter every 3 months for maintenance
and ask them if selling in the future would be an issue – even if you’re not
considering selling. This will allow you entry/access and by doing so will keep
you up to date with your property.
you’re in the real estate business, your also in the people/customer service
business. In the people/customer services business people will work with, not
against people they like.
last part is some option scenarios for selling a home with tenants, a guidance
as you will.
Option 1: the best option is allowing the lease to expire or let them move out. This allows you to fix up the home and get it ready to sell. It’s almost guaranteed you will make more money without a tenant in place and the home will be ready for new buyer. Even investors prefer a move in ready home vs one with a tenant. Unless they are getting a deal or have done this before.
Option 2: You must sell, don’t spring the sale on the tenant last minute. The minute you are considering selling let the tenant know. This will give them time to prepare and or enough time to find a new place if need. Let’s say at first the tenant is upset, give them time to come around. Sometimes people need a little time to reconsider. Ask their thought about it and if they will be cooperative. More than likely they will be cooperative. If they could be a problem offer them some sort of incentive (less in rent, $ for early move out, dinner, gas, etc.) for early move out or cooperation. If you know for a fact, they will be difficult then wait till the lease expires and let them move out but don’t rush them out. Tenants have rights.
Option #3: Hold onto your investment. Phoenix, Arizona and surrounding cities (Scottsdale, Tempe, Chandler, Mesa, Gilbert, Glendale, and through Maricopa County Arizona.) is one of the hottest real estate markets in the country. Home values continue to go up and last I heard the Phoenix metro area holds the fastest rising rents.
and really the first step is choosing an agent. If you choose an agent to begin
with then they will guide you through the process. It allows the agent to begin
building repour with the tenants as well as yourself.
A Realtor selling a home with tenants should be courteous. A Realtor should try to work with them and handle any and all showings through them. A Realtor should give the tenant 48+ hours’ notice (Or what was agreed upon) to enter. A Realtor should treat them like they treat any client. A tenant should access to the Realtor and his/her team 24/7. And finally, the Realtor should understand the tenant’s position; also understand the seller’s position as I have been both in my life.
Today (older) buyers are downsizing. They are opting out of their 10,000+sf mansion with 4+ car garage, luxury home theaters, bowling alley, helipad, sprawling grounds, resort backyards, and gun ranges. And downsizing into their next trophy property: top floor penthouse or luxury condo high-rise.
Why downsize? The maintenance and upkeep of
these huge homes, estates, and mansions is a job all its own. If you don’t
maintain these homes, they deteriorate. The cost is a waste of money, not to
mention the kids have moved out, the property is deteriorating, and it’s time
for mom and pop to play and live.
Have you seen the amenities that come with a high-rise penthouse building? 24 hour security, concierge, gyms, spas, roof top pools and BBQ areas, access to resort hotels and pools, on call massage therapist, valet, dry cleaning, commercial offices for meetings, high-tech parking garages, and so much more. It’s an easy choice says realtor Juan Pesqueira. You might also save money, a lot of money by making the swap. So much so your options could include purchasing multiple properties to accommodate guest, for rental income, or buy in other cities and travel. Now let’s talk about outside: Walk to shopping, fine dining, coffee shops, restaurants, you don’t even need a car. If your destination is a little longer no worries an electric scooter will take you there.
Penthouses are the latest trend in the urban Scottsdale-Phoenix-Tempe-Paradise Valley market and have become a desired contemporary housing option for home seekers. A penthouse (according to condoagent007) is traditionally known as the top-floor unit of a luxury residential building but that definition is changing. Now, “penthouse” is usually more of a marketing term that refers to a unit with a different layout from others in the building, ample outdoor space, great views, or largest size — but it’s not necessarily on the top floor. A penthouse is a lock and leave lifestyle. You can travel and not worry about the property. Hey honey can you fix the light, no worries babe. I’ll call the concierge.
Phoenix metro market is becoming more vertical. It’s a major change in the landscape of Phoenix, Arizona. We have an abundance of new high-rise penthouse developments to choose from. There is never a better time to downsize or relocate into a penthouse or luxury condo in the valley of the sun than now.
Search all Scottsdale, Phoenix, Paradise Valley, and Phoenix luxury high-rise or penthouses for sale…
16th floor CRYSTAL POINT contemporary Penthouse is all about that high life. And the high-life is guaranteed views to die for like this…
This 16th floor newly renovated Crystal Point condo features:
6200 sf. 3 bedrooms & 3 bathrooms. 4 parking spots. 3 huge wrap-around balconies with 360 degree views. Gas fireplaces. 10 ft high ceilings. giant closet spaces; and audiophile quality sound system!
Luxe Magazine dub this home is a ”once in a lifetime offering with all the comfort and sophistication of a true New York City Penthouse…
And lets not forget the amenities… On-site CONCIERGE SERVICE and 24 HOUR DOORMAN, heated Olympic size pool, outdoor Jacuzzi, two indoor Jacuzzis, steam room, sauna, gym, men’s and women’s locker rooms, large landscaped exterior w/ covered lounge areas, clubroom for large gatherings, massage room, 2 guest suites available for your guests,, 24/7 security, on-site laundry/dry cleaning pick-up/delivery, car wash bay, 4 secured underground parking spaces, ISP managed internet. HOA fees cover limited in-house maintenance & exterior window washing.
The listing is held with Stephanie McNeely, Russ Lyon Sotheby’s International Realty.
Price tag: $1.89 million
at $313 a sf this is the best priced penthouse on the market today.
Search all penthouses for sale in Phoenix, Scottsdale, Tempe, and Paradise Valley at
The asking price will set you back $3.6 million but worth every penny!
Realtor Remarks – Privacy and views are what this magnificent home is all about says listing agents Timothy J Floor & Shawn Rimer of Russ Lyon Sotheby’s International Realty. Located high up Black Mountain, this Phil Smith quality-built home has panoramic NE, East and SE views of the valley below. Mountain boulders are incorporated right into the home. Retractable doors, spectacular views, hand-carved cabinetry, elevator, office, entertainment room, wine room and a safe room. Wolf and SubZero in Kitchen. Guest rooms have en suite baths and their own private patios with views. Views from every room! Outdoor ”Oasis” back yard boasts a negative-edge pool, dog run, outdoor kitchen with pizza oven, large patios, gas fireplace, and sweeping views of Cave Creek, Carefree, and Scottsdale. One of the few iconic homes available to purchase on Black Mountain.
Highlights from the top four reported home and top 4 reported penthouse sales of Q1, 2019 in Scottsdale and Paradise Valley, Arizona.
A trophy Paradise Valley estate, a Romantic Urban Paradise Valley Villa, and ace Diamondbacks pitcher Randy Johnson finally sells his pad for $18M off the original asking price were among the noteworthy sales in the first quarter of 2019 in Scottsdale and Paradise Valley luxury real estate market 1st quarter of 2019.
5838 E STARLIGHT WAY, Paradise Valley, AZ 85253 | US$14.3 – 15.7 Million
This Privately gated estate in the heart of Paradise Valley was up for auction. It features breathtaking views of Camelback Mountain, the McDowell Mountains, and Four Peaks Range. Experience exquisite finishes and rare amenities from exclusive interior designer David Scott and Frank Lloyd Wright trained exterior architect Vernon Swaback; Other unique highlights of the main home include an executive home office, trainer’s gym, basketball court with electronic score board, twelve seat grand theater and wine cellar. Over 30,000 sf, 8 bedrooms, 11 bathrooms, 12+ car garage, and is one of the most expensive homes every sold in Paradise Valley.
8100 N 68th ST, Paradise Valley, AZ 85253 | US$12 Million
This Romantic Urban Villa in the heart of Paradise Valley. This palatial Mediterranean estate is a master class in what can be achieved with the world’s finest materials, a renowned team of artisans, and an unlimited budget. Designed by Juan Sandoval following the format of 17th Century Colonial architecture, but with every modern convenience. This magnificent home is unparalleled in its construction quality and architectural precision. Every 2 acre part of this estate was designed and built in over a ten year period. Two spectacular central courtyards. One for gardens and fountains, the other for a stunning 60X60 foot pool. The design of the home guarantees beauty from every room, and a level of security unmatched by even the most advanced technology. 18,000 sf, 5 bedrooms, 8 bathrooms, 8+ car garage, and one of the most beautiful homes designed…
8055 N MUMMY MOUNTAIN RD, Paradise Valley, AZ 85253 | US$7.3 Million
Arizona Diamondbacks legend pitcher Randy Johnson finally sold his 5-acre Mediterranean estate. Once priced as high as $25,000,000 and put up for auction after no buyer would take it. Over 1600 days and finally sold for $18 million off the original $25 million asking price. For more info about this property visit our past blogs or google Randy Johnson Paradise Valley house for photos, video, and information.
10525 E RIMROCK DR, Scottsdale, AZ 85255 | US$6.45 Million
One of the most “asked about” homes in Horseshoe Canyon of Silverleaf. This exceptional estate is a one of a kind opportunity. Schultz Development created this 9,335 SF Ranch Hacienda masterpiece with 7 bedrooms, 8 bathrooms and unsurpassed quality. Located on the 17th hole of the Silverleaf course, the 2.37 acres pick up 5 golf holes as well as spectacular and dramatic mountain and city light views. The guest casita has 3 bedrooms, living area and kitchen – perfect for guests/extended family. The main house’s open plan flows seamlessly from space to space, both indoors and out. Also included: game room with view deck, exercise room, home theater, oversized gourmet kitchen, and a resort style back yard with oversized pool, lawn area and covered patios. You could only view this estate with appointment and proof of funds.
15215 N KIERLAND BLVD 937, Scottsdale, AZ 85254 | US$3.33 Million
South Facing Kierland Commons Penthouse with SWEEPING UNOBSTRUCTED VIEWS. This Penthouse is a true stand-out, boasting the best of both worlds: luxury and convenience. Boosting 3 bedrooms, 2.5 bathrooms, 3567 sf, and 2 car parking spaces. This is LIFESTYLE LIVING at its best with Kierland Commons, Scottsdale Quarter and the neighboring Kierland Resort & Spa and 27 hole Kierland Golf Course across the street. Simplify your lifestyle and enjoy all the amenities a luxury home can offer without the maintenance….have the freedom to lock and leave…
5551 E ARROYO VERDE DR 209, Paradise Valley, AZ 85253 | US$2.81 Million
VILLAS AT MOUNTAIN SHADOWS
Luxury New Villa at Mountain Shadows Resort Paradise Valley location. Enjoy resort living w/ full amenities at adjacent resort combined with distinct architectural designs. Enjoy views from 800+ sq. ft. outdoor deck. This Villa has 20 ft. high entry foyer with private elevator/stairs to living level. Luxurious designer features include, Wolf combo dual fuel range oven and microwave, Sub Zero refrigerator, Asko dishwasher, Zephyr hood,10 ft. high ceilings, 9 ft. bi-fold doors to deck,9 ft. bi-fold from master suite to deck, indoor/outdoor fireplaces, 3 bedroom, 3.5 bathroom, 2 car private driveway, 2 car private attached garage, 24 hr. guarded entry, & more!
18720 N 101St ST 3023, Scottsdale, AZ 85255 | US$2.5 Million
Still UNDER CONSTRUCTION. Introducing ICON Silverleaf, a new collection of 72 luxury single-story condominiums within Silverleaf at DC Ranch in Scottsdale, AZ. ICON represents the only residential offering of its kind at Silverleaf’s exclusive community. ICON showcases single-story, luxury residences served by semi-private elevators. ICON’s spacious flats include expansive views and allow more freedom to live how you want to. The luxury condominiums will offer, 3,170 Square Feet of Living Space 3 Bedrooms, 3.5 Baths, private decks, access to Silverleaf’s resort amenities. Model Homes are anticipated to be complete in Winter 2018.
7181 E Camelback RD SE 704, Scottsdale, AZ 85251 | US$2.32 Million
This is the only Scottsdale Waterfront unit with 1,400 sf outdoor living balcony/terrace landscaped with palms, Meyers lemon tree, and lime tree. A spectacular completely remodeled smart house unit with 2300 sf livable and 3 parking spots. This is the best location in Scottsdale…
By the number 1st quarter 2019 Luxury Report by Juan Pesqueira Realtor
$1 million+ = 407 sales | 21 were Penthouses, condos, and townhomes
$14.3 – $15.7 million was the top sales price and it was in Paradise Valley
176 Average days on market | 0 – 1617 days on market
For past two years, Scottsdale Waterfront Residences & Two Biltmore Estates has dominated the list of the most expensive Penthouses sold— And this year is no different. But we have a new player in the game, The Villas at Mountain Shadows and Enclave at Borgata. Both these “Brand New” developments are located in Paradise Valley and came in at #4 and #5 on the list with sales prices between $2.6-2.7 milliion.
Without further ado, let’s take a look at the 7 most expensive penthouses and high-rise condos in Arizona.
The Scoop: BEAUTIFUL PENTHOUSE WITH EXTRAORDINARY VIEWS. EXCEPTIONAL 2 BEDROOM, 2.5 BATHROOM, 3,363 SQFT CONDO AT THE LUXURIOUS, AND IDEALLY LOCATED, SCOTTSDALE WATERFRONT RESIDENCES. GORGEOUS CAMELBACK MOUNTAIN AND SUNSET VIEWS, HUGE BALCONY, OFFICE, LARGE GOURMET KITCHEN, OPEN SPLIT FLOOR PLAN, WOOD AND STONE FLOORING, AND CARPETED BEDROOMS. THIS EXCEPTIONAL TOWER OFFERS 24 HOUR SECURITY, CONCIERGE & VALET SERVICES, FITNESS CENTER, BREATHTAKING ROOFTOP POOL, SPA, AND CLUB ROOM WITH FIREPLACES, READING NOOKS, AND AREAS TO RELAX AND ENTERTAIN. ALL THIS WITHIN A COMFORTABLE WALKING DISTANCE OF FASHION SQUARE MALL, OLD TOWN SCOTTSDALE, AND THE MANY FINE RESTAURANTS, BOUTIQUES, ART GALLERIES, AND AREAS OF ENTERTAINMENT.
The Scoop: This one of a kind 3-bedroom 3.5 bath unit at the Scottsdale Waterfront boosts beautiful views in every direction. The unit wraps around the entire southern end of the building overlooking the canal and Papago Mountains to the South, Red Rock, Four Peaks and Superstition Mountains to the east and Camelback Mountain to the west. This beautiful unit has two balconies, east and south. The homes pristine condition features an optimal flow and split floor plan. The home has a many custom feature that include upgraded flooring, granite counter tops, a European designed built in bar, kitchen, book shelves, all with every detail attended to. Private parties can be held in the entertainment room with preparation in the Chef’s kitchen. Make sure to take in the majestic views from the roof top pool and spa. All within walking distance to premier shopping, galleries, restaurants, nightlife and waterfront fitness. This home is too good to miss.
3. PH 210 – Two Biltmore Estates | $2,748,000 – 4,817 sf
The Scoop: This brand new, luxury condominium has unbeatable views across the Biltmore golf course and the Phoenix skyline. The home features 12-foot ceilings with 3 en-suite bedrooms, a separate office and large scale living and media/entertaining areas. With over 4800 sf, three balconies and impeccable finishes and materials, there is nothing like this home currently on the market. Fantastic wood floors throughout the home, marble slabs covering counters, walls and floors, commercial grade appliances and high-end fixtures. The highly desirable lock and leave lifestyle literally within the grounds of the World-renowned Arizona Biltmore Resort. This brand-new home is the last developer unit and has the best views in the community.
4. 5493 E Valley Vista Ln – VILLAS AT MOUNTAIN SHADOWS | $2,735,178 – 3,615 sf
The Scoop: Luxury New Villa at Mountain Shadows Resort Paradise Valley location. Enjoy resort living w/ full amenities at adjacent resort combined with distinct architectural designs. Enjoy views from 800+ sq. ft. outdoor deck. This Villa has 20 ft. high entry foyer with private elevator/stairs to living level. Luxurious designer features include, Wolf combo dual fuel range oven and microwave, Sub Zero refrigerator, Asko dishwasher, Zephyr hood,10 ft. high ceilings, 9 ft. bi-fold doors to deck,9 ft. bi-fold from master suite to deck, indoor/outdoor fireplaces, 3-bedroom, 3.5-bathroom, 2 car private driveway, 2 car private attached garage, 24 hr guarded entry, & more!
5. PH A4002 – Enclave at Borgata Condominium | $2,650,000 – 4,120 sf
The Scoop: Fantastic customized penthouse residence at The Enclave at Borgata, Scottsdale’s newest luxury condominium community. This home features a grand scale great room with a huge balcony and outstanding views, 10-foot ceilings, fantastic kitchen with walk-in pantry and a den/office with beautiful custom built-ins and millwork. The spacious master suite has a bright and beautiful marble bathroom and another large balcony. The home features another en suite guest room plus a large attached guest suite with separate entrance and a kitchenette. Home also includes a private 3 car garage within the garage! Luxury amenities include a gated entrance, resident services coordinators, club room, outdoor fireplace and gardens, heated pool and spa, dog park, fully-equipped fitness studio and a walking path.
6. PH 203 – VILLAS AT MOUNTAIN SHADOWS | $2,466,787 – 3,620 sf
The Scoop: Luxury New Villa with iconic Camelback Mountain views in Mountain Shadows Resort Paradise Valley location. Enjoy resort living w/ full amenities at adjacent resort combined with distinct architectural designs and indoor living extending to 800+ sq.ft. Outdoor deck by 9 ft high bi-fold doors. Enjoy views of Camelback Mountain and Piestawa Mtn while looking over the golf course. This Villa has 20 ft high entry with private elevator/stairs to living level. Luxurious designer features include, Custom flooring and countertops, Wolf combo dual fuel range oven, steam oven and microwave, Sub Zero refrigerator, Asko dishwasher, Zephyr hood,10 ft high ceilings, indoor/outdoor fireplaces, 3 bedroom, 3.5-bathroom, 2 car driveway, 2 car garage 24 hr guarded entry, & more!
7. 6168 N Las Brisas Dr – VILLAS AT MOUNTAIN SHADOWS | $2,298,000 – 3,615 sf
The Scoop: Luxury New Villa with iconic Camelback Mountain views in Mountain Shadows Resort Paradise Valley location. Enjoy resort living w/ full amenities at adjacent resort combined with distinct architectural designs. Enjoy views of Camelback Mountain and Piestewa Mtn while looking over the golf course from 800+ sq. ft. Outdoor deck. This Villa has 20 ft. high entry foyer with private elevator/stairs to living level. Luxurious designer features include, Custom flooring and countertops, Wolf combo dual fuel range oven, steam oven and microwave, Sub Zero refrigerator, wine storage cabinet, 2 Asko dishwashers, 48” Zephyr hood,9 ft. bi-fold doors to deck, 10 ft. high ceilings, indoor/outdoor fireplaces, 3 bedroom, 3.5 bathroom, 2 car driveway, 2 car attached garage, 24 hr. guarded entry, & more
Luxury penthouses and high-rise condos in recent years have become the crème of the Phoenix-Scottsdale real estate market, especially in urban areas. Hence, when we speak of the most expensive penthouses for sale, one is immediately flooded with images of grandeur that is befitting the rich and the affluent. Most of these luxury condominiums and condos are spread across some of the most desirables valley locations, offering not only a lavish and comfortable lifestyle, but also breathtaking views of the cities they are located in. From Scottsdale to Phoenix to Paradise Valley, these luxuries real estate provide their occupants or owners with the most astounding features and desirable amenities to make their opulent lifestyles all the more luxurious. If you are looking to live the Penthouse lifestyle, downsizing, or relocating to Phoenix – Scottsdale – Paradise Valley areas let me (Luxury Realtor Juan Pesqueira) help you find your lifestyle property…
with three bedrooms and on the top 16th floor (1601) in Crystal Point Condominium Tower with mesmerizing panoramic views over the green fairways of the Phoenix Country Club seeks (shy) $2 Million.
One of Phoenix, Arizona largest penthouse which boasts 3 bedrooms, four car parking spaces and panoramic views has gone on the market for almost $2 million.
The property, which is the largest penthouse currently for sale on the open market in Arizona, also has various terraces perfectly suited for the ultimate indoor/outdoor living spaceoffering views across the Phoenix skyline and the green fairways of the Phoenix Country Club. And on the top floor!
The single-story contemporary penthouse sits atop Crystal Point Condominium Tower (1040 E OSBORN RD, Phoenix, AZ 85014), where service and security converge to offer you the sought after worry-free and relaxed lifestyle you deserve.
Asking price: $1,995,000
ARMLS Description: An Exquisite 6200 Square Foot Penthouse not to be surpassed! Experience a comfortable collaboration of luxurious style and contemporary living in this sophisticated residence offering both function and convenience in the highly acclaimed Crystal Point Condominium Tower where service and security converge to offer you the sought after worry-free and relaxed lifestyle you deserve. The mesmerizing panoramic views over the green fairways of the Phoenix Country Club, surrounding mountains, and glittering city lights are enhanced by floor to ceiling windows and glass doors opening to the various terraces perfectly suited for the ultimate indoor/outdoor living space. Spacious rooms and open living areas are meticulously decorated, sleek and elegant in design with top-of-the-line custom finishes accentuated by tasteful classic modern furniture, luxurious fabrics and contemporary art presenting a sophisticated and extraordinarily beautiful home. A rare opportunity to experience exclusive world class living in a resort style environment close to all the amenities of both Phoenix and Scottsdale. This property is a one of a kind property for the most discriminating of buyers. As featured in Luxe Magazine, your new home awaits you. For Thoes looking to take a look make sure you give at least 24 Hours Notice and must show Proof of Funds.
Listing agents: Robert J Hassett & Maria Wrede Russ Lyon Sotheby’s International Realty
Penthouse B4003 at 6166 N Scottsdale Rd, where Scottsdale meets Paradise Valley, has hit the market (again) for $3.8 million. Best of both worlds at ENCLAVE AT BORGATA because it comes with a Paradise Valley zip code, but you know it as Scottsdale location.
The 5,405-square-foot residence features 4 bedrooms and 6 baths, some of the finest finishes, Portuguese limestone floors, and some of the finest amenities that rival world class resorts include, concierge services, gated entries, a refreshing pool, intimate gardens, a fitness center, and relaxing club room. The price tag for this move-in ready, lock and leave, sexy & sleek penthouse is $3,775,000…
Listing agents: Raul Siqueiros & Jack Luciano – Located where Scottsdale meets Paradise Valley is The Enclave at Borgata. The Penthouse residence is ideally situated at a corner location within this thoughtfully designed community. Special views of Camelback Mountain and light filled rooms surround you while the interiors of the residence are inclusive of the finest finishes. Portuguese limestone floors, Calcutta marble tops, Sherle Wagner hardware, and top tier appliances. Intricate millwork lines hallways and closet spaces, while Emperador marble surrounds several fireplaces. Amenities that rival world class resorts include, concierge services, gated entries, a refreshing pool, intimate gardens, a fitness center, and relaxing club room. This lock and leave home is inclusive of a four-car garage, ample storage units and two design. This lock and leave home is inclusive of a four-car garage, ample storage units and two designated parking spaces. Walking distance to several shopping and fine dining experiences this residence is perfect for the most discerning buyer.
Trying to sell a house in Phoenix, Scottsdale, Tempe or throughout Arizona is tough enough, and if you’re selling a home from out of state, it can be damn near scary but in reality its It’s Easy As Pie…
Whether you’ve had to relocate because of a new job, are selling a second home or investment property, or are trying to settle the estate of a former relative, a few simple steps can help you to sell your Arizona property quickly and avoid carrying costs for property that you’re not living in.
The goal to selling home or condominium from out of state is to get the best price for your property in a reasonable period of time. You don’t want to sit or toy with the market for too long.
If you take the time to address these crucial areas before you carry on with your life in another state, you’re likely to secure a sale quickly—so you’re not carrying multiple mortgages or paying for upkeep on an empty property.
STEP #1 Choose REALTOR® Juan Pesqueira.
Don’t go at it alone, that’s crazy! You must hire a REALTOR, who will be responsible for showing and marketing the home, making sure all legal paperwork is complete and timelines are in order, checking on it in your absence, possibly hiring contractors to handle upgrades and repairs, and ensuring there is a smooth sales transaction.
STEP #2 THE PRICE IS RIGHT!
Because you’re trying to sell the home or condo quickly and achieve the highest possible price, it’s important to price the home right (Market value) rather than test the market with a high figure and take price cuts later. Although full disclosure some properties benefit using the price high, take price cuts. This will be part of the market evaluation Juan Pesqueira does. Although we want to sell quickly, I don’t want to leave money on the table.
Rely on your agent (Juan Pesqueira) to look at the home and advise you on how best to price it after looking at comparable home sales, doing a full market analysis, and tapping into your agents market knowledge. This will determine how long the home will remain on the market at that price compared to other price points.
STEP 3. De-CLUTTER, clean up, GET SHOW READY.
This should be step #1 and its always best to have another set of eyes (Your REALTOR) go through the home first. As REALTORS we deal with buyers, see a lot of property, and know what buyers will say or think before entering.
Today’s Buyers want a home that looks move-in ready. That means you’ll need to make sure the place is clean and free of clutter. Get rid of all the crap, remove all personal property, make it smell good.
If you need to use an auction company, hold a garage sale, and hire professional cleaner to get the most value – do so.
Every buyer will get a home inspection during the inspection period. If you know of any major issues, its best to let your agent know upfront (as you will need to fill out the SPDS – Seller property disclosure statements). Be sure to make any necessary home repairs and don’t ignore cosmetic upgrades. If you do, be prepared to make them, or give a price drop/credit during inspections. Although you don’t need to renovate the entire home, it’ll help to fix major problems, have the home professionally cleaned and repainted.
With that in mind, before you skip town, you might want to hire an on-call handyman to address last-minute repairs who can accept online payments.
STEP 4. SEX SELLS and in real estate it’s necessary!
Once you have everything in its place and are ready to show off your home OR condominium, do so with professional photos (This is covered by your real estate agent Juan Pesqueira). Virtual reality is the new selling trend, a 3-D floor plan, aerial photography and video, or walkthrough video will enhance your property online and allow buyers to check it out from their living room. In the luxury real estate world this is mandatory as your buyer can be outside the state or country.
A professional photographer will know how to best capture your home’s SEXIEST features. Especially now that many potential home buyers start shopping online, professional photos can enhance your listing.
You’d be surprised how many potential home buyers are turned off by horrible photos, bad lighting, etc.
If you live in Canada, California, New York, or anywhere in the country (but not in Arizona) and trying to sell your property in Arizona – whether it be an Investment, luxury home, penthouse, doing a 1031 exchange, condominium, land, multi-family, etc. and looking to put your property on the market, i can help. It’s Easy & Simple. This is a full service listing we offer to out of state sellers.
How is the process done? Easy, if there is a way for us to have access to the property all documents for listing and selling the property can be completed via email (DocuSign) or scan. We will also send you showing reports and market updates throughout the process. Juan Pesqueira is ALWAYS available by phone (Text and Call) or email to answer any questions or concerns you may have.
If you are considering placing your property on the market, please don’t hesitate to contact Juan Pesqueira or give me a shout.
In 2017, condominiums were king, with luxury condominium projects setting record prices and creating a whole new market trend in the Valley of the sun. Two Biltmore Estates was the game-changer—five of this year’s 10 highest Condo real estate sales happened there! But all hail the king because of course this year Penthouse 1303 in the SCOTTSDALE WATERFRONT RESIDENCES landed at the top respectively selling for $3.25 Million. (yes, a fraction of the $15.7 record breaking Paradise Valley home sale). Behold, This Top 10 list, which is based on Arizona Multiple Listing Service records and does not include private transactions.
The luxury real estate landscape in Scottsdale, Phoenix, Tempe, and now Paradise Valley have changed, and you can see it when diving into the hot spots in these cities. From new development to the traditional hot spots todays buyers are forgetting about the suburbs and white picket fence and looking to condominiums for security, convenience, and amenities.
What did the most expensive mid to high-rise condos of the year all have in common? City views, open floorplans, stunning finishes, and world-class amenities. Read on for a peek into each of these special properties. Here they are, starting with the most expensive condo sold in 2017:
#1. 7175 E Camelback Rd #1303, Scottsdale, AZ 85251, $3,250,000
This three-bedroom, three& half bathroom Penthouse sold for a whopping $3.25m cash. The residence has 3,940 square feet of living space, making it feel like a custom home in the sky, not a condominium. The 198-unit Scottsdale Waterfront tower boasts 24-hour security, concierge & valet services, a fitness center, massage rooms, a breathtaking rooftop pool, spa, and a club room with fireplaces, reading nooks, and areas to relax and entertain, all within a comfortable walking distance to Fashion Square Mall, Old Town Scottsdale, and the many fine restaurants, boutiques, and art galleries.
#2. 2 Biltmore Est #310, Phoenix, AZ 85016, $3,097,000
The new owners of this three-bedroom, three&half-bathroom condominium at TWO BILTMORE ESTATES not only get to enjoy exquisite golf course, mountain, AND city light views within the heart of the Biltmore. They’ll also be part of the 2 Biltmore lifestyle!
#3. 6152 N Las Brisas Dr #200, Paradise Valley, AZ 85253, $2,693,884
Coming in hot at #3 is unit (or should I say Villa) #200 in the brand-new development VILLAS AT MOUNTAIN SHADOWS in Paradise Valley – Yes this is not Scottsdale or Phoenix but Paradise Valley. Another three-bedroom, three& half bathroom and is 3,615 square feet. These Luxury New Villas feature iconic Camelback Mountain views in Mountain Shadows Resort Paradise Valley location where you can enjoy resort living with full amenities at.
#4 – #7 2 Biltmore Est Phoenix, AZ 85016 $2.6M – $2.28
Another batch of the 2 Biltmore Est landed at number 4 to number 7. These units sold ranging from $2.28 – $2.6 million. Not all these were penthouse units, some were on the 1st floor.
#8 15215 N Kierland Blvd #838, Scottsdale, AZ 85254, $2,300,000
PLAZA LOFTS finally make the list at #8. This corner unit on the 8th floor above the KIERLAND COMMONS. Unit 838 boasts stunning views and high-end finishes. Overlooking Westin Kierland Golf Course is unlike anything else we’ve seen and comes with a lifestyle like no other. The new owners can spread out over three bedrooms, three bathrooms and 2,802 square feet of beautifully designed living space.
#9 140 E Rio Salado Pkwy Penthouse 1205, Tempe, AZ 85281, $2,200,500
The largest Penthouse (5,000 sf) sale of the year was Bridgeview At Hayden Ferry Lakeside Penthouse. The buyer, will enjoy breathtaking lakeside, mountain and city light views; and can choose to entertain inside the 5000-sf residence in the sky or outside in one of the few multiple patios that spread across the building. The open floorplan and floor-to-ceiling glass make for a breathtaking entry experience. The 5,000-square-foot residence has three bedrooms and three-and-a-half bathrooms.
#10. 6901 E 1St St Apt 1007, Scottsdale, AZ 85251, $2,191,633
Last but certainly not least is the NEW CITY MODERN LUXURY Elegant living designed by world renowned Architect Will Bruder and Located in the heart of Scottsdale’s Downtown Urban Arts District, Eldorado on 1st. for more information visit https://eldoradoon1st.com.
What can we expect for next year? Currently SCOTTSDALE WATERFRONT RESIDENCES Penthouse #1202 is next in line to close as its pending at $3.6 million. Expect the condo sales, both in this luxury market and elsewhere, to continue to be strong as people look to simplify their lives. There will be some resale of high-end condominiums as prospectors who bet on the market look to make a profit, and well see another record breaking year for condominium and penthouse living.
As a millennial this (to me) is the ultimate property! I consider the upper two floors as my lavish Penthouse in the ultimate Scottsdale location! And well the 1st floor brings in $60,000 income – can I say tax write off. This property has so many uses, it can be a vacation party pad, penthouse seasonal rental – short term rental – long term rental. You can even host events, etc. Did I mention the location is prime!
#Houseoftheweek is Located at 7020 E 1st AVE, Scottsdale, AZ 85251 far enough from Scottsdale Rd to avoid the noise but close enough to enjoy everything Old Town Scottsdale has to offer. The top 2 floors (Penthouse as I call it) features a loft style open floor plan with three individual bedrooms.
Third floor is nothing but outdoor space! A patio with unbelievable views, a kitchen, sitting are with TV, fireplace, . The 1st floor is LEASED by local favorite Arcadia Farms Marketplace (www.arcadiafarmscafe.com). Acording to the listing agent “Owner is currently in the process of renewing the tenant for an additional 7 years commencing May 1, 2018”. I will assure you if the lease cannot be negotiated, finding a new tenant will not be an issue.
Asking price is $2,475,000 and that is for the whole building – 4,800 sf!
An inspired oasis in the heart of North Scottsdale’s vibrant urban core
The next evolution of Optima is Here! OPTIMA KIERLAND towers located at 7120 E Kierland BLVD Scottsdale, Arizona 85254 and takes shape into its place among the Arizona desert urban living.
Within the collection are one-bedroom pied-a-terre to three bedrooms upper penthouses. The one bedrooms start at just north of $600,000. While standard penthouses are asking between $1 million and $2 million.
Introducing new luxury condominium living in North Scottsdale’s most desirable neighborhood. Comprised of one to four-bedroom, & penthouse condominium homes, Optima Kierland epitomizes elegant urban living. Conceived by award-winning architects David C. Hovey, FAIA & David Hovey Jr., AIA, the thoughtful design sets new standards of luxury. Vertical landscape & shading systems protect residences from the sun & create privacy while lowering the ambient temperature. Expansive private terraces & a park-like 5.5-acre setting, encircled by stunning views, invite gorgeous indoor/outdoor living. Beautifully designed 16,000 SF amenity/fitness level and Roof Top Pool set the standard for enriched living at Optima Kierland offering resort-style convenience. – Polaris Pacific of AZ
The 1st half real estate cycle is over and top floor penthouses have buyers paying well over the millions for them!
Study by PESQUEIRA shows from January 2017 – June 2017 the valley of the sun recorded 45 condo Penthouse with a sales price of $1,000,000+. The most expensive penthouse sold was located at Two Biltmore Estates selling for $3.1 Million. It does not end there for Two Biltmore Estate, in fact the top 5 most expensive penthouses sold, ranging from $2.1 Million up to $3.1 million were also located in Two Biltmore Estates development.
Right dab in the middle, sandwiched between Two Biltmore Estate and Enclave at Borgata sits an 11th floor contemporary penthouse at ESPLANADE PLACE. The 3 bedrooms, 3 bathrooms, 3350 SQ. Ft sold for $2.05 million. Amenities include concierge services, fitness center, roof top pool and spa, 24-hour security, valet service, conference rooms, and business center.
Rounding out the top 10, holding the 7-10 spot are the penthouse units at The Enclave at Borgata. This is Scottsdale’s newest luxury condominium community at the intersection of Scottsdale and Paradise Valley with two grocery stores, numerous restaurants and many other amenities and shops within walking distance. The steel frame & concrete construction offers the utmost quality and elegance. Luxury amenities include a gated entrance, resident services coordinators, club room and gardens, heated pool and spa, dog park, fully-equipped fitness studio and a walking path. All condo penthouse units feature 3 bedrooms, 3.5 bathrooms, 3016 SQ FT, and prices recorded range from $1.877 – $1.83 million.
You don’t really think of Penthouses when you think of the Valley of the Sun but this craze is back! It’s a lifestyle choice for these buyers who want views, location, amenities, services, and lock & leave. And record shows they will fetch millions for it!