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.