Story by Melissa Larsen

When it comes to making a home in the Valley, there is no time like the present as the area is booming with brand-new high-end housing options. From exciting new residential communities to additions to long-loved master plans, here’s what’s new in Valley living. Plus: A look at local luxury rentals that are becoming the area’s hottest properties.

Latest and Greatest: The Valley’s Newest Neighborhoods

Sierra Reserve

From Scottsdale-based The Lyle Anderson Companies, a luxury homebuilder that has been responsible for some of the Valley’s most well-known communities of the last 30 years (think Desert Highlands, Desert Mountain and Superstition Mountain), comes Sierra Reserve. Located in North Scottsdale and backing up to the McDowell Sonoran Preserve, the community has planned for 250 units in a variety of architectural styles and 19 floor plans. With his newest project, Anderson aims to take out 80 percent of the usual homebuilding hassles, leaving homebuyers stress-free and with energy to pick out the fun stuff, like finishes and fixtures. Life at Sierra Reserve promises to be just as luxe as the residences with The Villa. The hub of Sierra Reserve, The Villa will host pools, a casual cantina, workout facilities, an event lawn, an à la carte concierge and more. Pricing: $1.5 million to $2.5 million. www.sierrareserve.com