$500,000 to $1 million

Bordering Scottsdale’s city limits is Cave Creek’s newest residence, the master-planned community Montevista. When complete in 2009, five neighborhoods—Ocotillo, Palo Verde, Desert Willow, Cottonwood and Cypress—will offer sites for 302 semi-customizable homes with 25 choices of floor plans. Each collection offers outdoor living areas, cozy porticos, grand courtyards, gourmet kitchens and multiple layout options.