Whether buyers value peaceful seclusion or proximity to dining and nightlife, one thing’s for sure—the Valley is becoming a hotbed for luxury real estate. According to Zillow, home values have increased by 4% in the last year and will rise another 2.5% in 2020. Last year, the Urban Land Institute ranked Phoenix as one of the top homebuilding markets in the country. So where are VIPs planting their roots? We rounded up the most coveted luxury ‘hoods.
“Phoenix is truly rising from the ashes with a boom in the luxury historic neighborhoods, including the Phoenix Country Club and Encanto/Palmcroft,” says Joe Bushong of Russ Lyon Sotheby’s International Realty. “But, downtown Phoenix is also seeing a new wave of urban luxury homebuyers in new condominium communities and in luxury brownstones and townhomes.”
Large estate homes with mature trees (pictured listing: $5.25 million, 2205 E. Colter St., Phoenix, listed by Raul Siqueiros, firstname.lastname@example.org) make up this stately neighborhood in the Biltmore area between Downtown Scottsdale and Downtown Phoenix.
This private gated North Scottsdale golf community along the northern face of Pinnacle Peak is known for peaceful seclusion and pristine desert vistas. “[It has] exceptional golf, views and a country club, with more contemporary-styled homes,” says Grant Almquist, luxury real estate agent for Russ Lyon Sotheby’s.
Families dig this lush Phoenix community for its grassy properties, excellent schools, cozy neighborhood feel, and proximity to downtown Phoenix and Scottsdale.
According to Movoto, the median home price is $2.35 million, making Paradise Valley a coveted place for wealthy elite, including celebs, athletes and CEOs.
Silverleaf in North Scottsdale offers prime location, a stunning clubhouse, a Tom Weiskopf championship golf course and the beauty of the McDowell Sonoran Preserve.
With over 8,000 acres, Desert Mountain comprises 7% of Scottsdale. It is the only private community in the world to boast six Jack Nicklaus Signature golf courses, and it features seven clubhouses for seven distinct neighborhoods, plus a host of recreational and social events to create a true community vibe.
Photography by: from top: by Sean Pavone /Istock; by Michael Paul Photoworks; By Julianne Palmer/Pearl Blossom Photography; by Gregory Clifford/getty images; courtesy of silverleaf realty; courtesy of seven at desert mountain and camelot homes; courtesy of the agency