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$6.1M Paradise Valley Foreclosure Receives Multiple Offers in less than 24 hours…

One of Paradise Valley’s most exclusive address, this compound is over 13,400 sf, on nearly 5 gated acres. Once priced at $23,000,000 but now considered land value at $6,099,000. The compound (If you choose to accept) comes with 2 guest houses, Commercial elevator, gourmet kitchen, a massive master with 2 marble baths and 2 large…


One of Paradise Valley’s most exclusive address, this compound is over 13,400 sf, on nearly 5 gated acres. Once priced at $23,000,000 but now considered land value at $6,099,000. The compound (If you choose to accept) comes with 2 guest houses, Commercial elevator, gourmet kitchen, a massive master with 2 marble baths and 2 large walk in closets.  5 bedroom, 9 bathrooms, 13 fireplaces (because one is not enough and in Arizona you need them year round – insert sarcasm), stunning grounds with pool, fountains and a tennis court.  It’s not ideal for you car lovers as it only comes with a 4 car garage but I think there is enough room on site to add a massive show room.

The compound is located in JOKAKE CAMELBACK PROPERTIES the most prestigious location in Paradise Valley.  Each property is on 5+ acres making this one of the most exclusive streets in the country.  JP Morgan Chase Bank is the lean and property holder.  This home is selling so fast that by the time you read this blog the home will probably be sold. No it’s Sold!

If this is not an indication that the luxury home market in Arizona is back then I don’t know what is. Back in February 2015 a piece of dirt sold for $7.9 Million. On MARCH 31, 2012 we introduced the return of the Luxury Home Market in Paradise Valley by calling it when the Most expensive home sold for $10.5 Million, and get this it was bank owned…

So could this be the next record breaking flip, redevelopment, or complete renovation?


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7 responses to “$6.1M Paradise Valley Foreclosure Receives Multiple Offers in less than 24 hours…”

  1. […] a competitive market in the high end.  Last month the bank listed a private estate in one of Paradise valleys most exclusive address, this compound was over 13,400 sf, on nearly 5 gated acres. An estate once priced at $23,000,000, […]

  2. […] gated acres of desert land. In May, 2015 one of these mini-mansions, once listed at $23,000,000, went into foreclosure and was considered at land-value for just under $6.1 million. The mini-mansion received multiple offers in 24 hours and sold just as fast as you can say […]

  3. Hello there! This post couldn’t be written any better!
    Reading through this post reminds me of my previous roommate!

    He constantly kept preaching about this. I will forward his information to him.
    Fairly certain he’ll have a good read.Thanks for sharing!

  4. […] One of Paradise Valley’s most exclusive address, this compound is over 13,400 sf, on nearly 5 gated acres. Once priced at $23,000,000 but now considered land value at $6,099,000. The compound (If you choose to accept and one lucky buyer did) came with 2 guest houses, Commercial elevator, gourmet kitchen, a massive master with 2 marble baths and 2 large walk in closets.  5 bedrooms, 9 bathrooms, 13 fireplaces (because one is not enough and in Arizona you need them year round – insert sarcasm), stunning grounds with pool, fountains and a tennis court.  It’s not ideal for you car lovers as it only comes with a 4 car garage but I think there is enough room on site to add a massive show room. Did we mention that it had multiple offers, the bank was the seller, and sold over list for $6,600,000? […]

  5. […] Oh but wait there is more as we close another month of seven figure sales. The most expensive home sold in Paradise Valley sold twice within a year and both times were close to record breaking. 5600 N SAGUARO RD, Paradise Valley, AZ 85253 sold last year for $6,000,000 and recently re-sold for $7,400,000 ($6.1 million Paradise Valley foreclosure receives multiple offers in less than 24 hours). […]

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