Arizona’s luxury real estate market has reached a new high with the record-breaking sale of a Paradise Valley estate for $40.238 million, making it the highest residential sale ever recorded in the state.
Located on Mockingbird Lane, the landmark property changed hands in an all-cash transaction represented by Katrina Barrett, Broker/Owner of Local Luxury | Christie’s International Real Estate, on behalf of the seller, and Paulina Matteson of SERHANT., who represented the buyer.
“This sale reflects the evolution of Paradise Valley into one of the country’s premier luxury residential markets,” Barrett said. “The caliber of architecture, craftsmanship, amenities, and privacy offered is attracting buyers from across the country who recognize the long-term value of exceptional real estate.”
Situated on nearly two acres with sweeping views of Mummy Mountain, the approximately 20,919-square-foot residence is one of the most impressive private homes ever built in Arizona. Originally designed by acclaimed Candelaria Design and constructed by Arcadia Custom Builders, the estate was recently enhanced through a second design phase completed by Katie Bowe Design.
Inside, every detail was designed to blend sophisticated living with resort-style comfort. The home features a chef’s kitchen complemented by a full prep kitchen and butler’s pantry, along with dual 432-bottle glass wine displays that serve as both functional storage and striking design elements.
Additional amenities include a private theater, sauna and massage room, a safe room and even a private shooting range. One of the home’s most unique features is its expansive indoor recreation space, which includes a go-kart track. Outside, the estate continues to impress with grounds designed for entertaining on a grand scale. A resort-style pool and spa anchor the backyard, while a spacious ramada includes a full outdoor kitchen, pizza oven, grill, smoker and bar.
Overnight guests can enjoy a detached guest house and separate studio casita, offering both comfort and privacy. Car enthusiasts are equally well served thanks to a 6,000-square-foot garage capable of housing up to 18 vehicles with lifts, making it one of the most remarkable private automotive spaces in Arizona.
With architecturally significant homes, generous lot sizes, desert views and a level of privacy that continues to attract affluent buyers from across the country, Paradise Valley has become synonymous with Arizona’s highest echelon of residential real estate. Learn more here: Paradise Valley Real Estate Agents & Realtors.
