There is a home on top of Camelback Mountain that is not on the MLS and is exclusively available to readers of this newsletter. The seller is an extremely successful and high profile business owner who prefers a discreet sale.
When I say that this home is on the top of Camelback mountain, I am being quite literal. This home has nothing above it but a rock surface of Camelback, which is part of the property. This exceptional lot is north facing, and shielded from the western sun, providing perfect exposure, privacy, and glorious views.
A home on top of Camelback with unparalleled views is rare -- one that also boasts privacy with these views is a once in a generation opportunity. Long time readers of my newsletter know that I am not prone to hyperbole. There are only handful of homes on Camelback Mountain that are at the top with no one looking down on them. They do not come to market often, as they are usually where someone builds their dream home and lives in it for decades. Furthermore, only a fraction of the homes at the highest elevation are in Paradise Valley, the rest are on the less desirable side of Camelback in Phoenix with southern exposure.
Here is the catch: this exceptional home is not turn-key ready for you to move in. The finishes in the home are dated, and frankly just not up to the majesty of the lot and the views. The house is in good shape and shouldn't require major investments in the structure. It's also large enough to accommodate families and has more parking than most hillside homes, so expansion shouldn't be necessary for most purposes.
This property begs for someone to use it as a blank canvas to project their vision of an epic dream home. If you invest a few months and a few hundred thousand dollars, this can be one of the most unequivocally spectacular homes in the entire city. There is no better place to invest in a remodel, because there will always be demand for a home in this extraordinary location.
In sum, this is the Paradise Valley equivalent of a New York penthouse with views over Central Park, it has enduring value that transcends the generations.
If you wish to learn more about this home, which is not available through any other means, please call me on my direct line at (480) 442-7325. Please be advised that due to the owner's desire for discretion, showings will only be available to pre-screened, qualified buyers.
Closings
This week was dominated by fixer upper closings, with a weighted average year of construction of 1976. Hence we see the average price per square foot dip below $300 for the first time in many moons, down to $294. Total closings were up to $9.7 million from $8.2 million the prior week, with an average price just under $1.1 million.
New Listings
There are 10 new listings this week, ranging from $875k to $6.5 million. Happily, there is a larger than usual selection of homes that deserve recognition:
Tuscan Masterpiece Built in 2006, this 6 bedroom home offers old world style with modern conveniences. Interior finishes are quite well done and the amenities include a basement, wine room, media room, exercise room, guest house, and 6 car garage. A very fine home offered at $3.85 million.
New Mediterranean Home This 8,000+ square foot home was recently completed, and boasts a very tasteful interior design. The wood and stone they chose are spot on, and as the pictures show there was great attention to detail shown in the kitchen, home theater, and the office. Offered at $3.6 million.
Fixer Upper with Large Garage 3,300+ square foot home with 5+ car garage on just under an acre flat lot. Backs to busy Lincoln Drive, but has a walled in yard and a good bit of space to buffer the noise. Offered at $895k -> Quick Report
-> Detailed Report
Family Home in Prime Location
Located on a large, flat lot near Invergordon and Doubletree, this 7900+ square foot home is well suited to families and entertaining. There is a large playroom, media room, and a lot of yard for kids and pets to run around. Custom cabinetry, canterra stone, and marble throughout, the roof was updated last year, this is ready to move in. Offered at $3 million. -> Quick Report-> Detailed Report
To see all of this week's listings in PV, please click here.To see everything on the MLS in Paradise Valley please click here.That's all for this week, I'll be back next week with all the latest in Paradise Valley real estate.Regards,
Alex
SearchParadiseValleyProperties.com
(480) 442-7325p.s. My upcoming book with Brian Tracy will be released soon. To get the first chapter free before it hits the bookstores, along with updates and other bonuses, please click here.
(c) 2013 Alex Goldstein PLLC
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