Scottsdale Spec House Sells for $28.1 Million, Becoming Arizona’s Priciest-Ever Home

A Scottsdale spec estate has bought for $28.1 million, getting the most highly-priced dwelling sale ever recorded in Arizona, in accordance to the listing agent, Darren Tackett of Re/Max High-quality Properties.

The about 4.5-acre assets, made by Mast Luxury Households, was mentioned in February for $29.5 million. It went into deal about a thirty day period later on, according to Mr. Tackett.

The buyer’s agent was Laura Briggs of Russ Lyon Sotheby’s Intercontinental Realty. Ms. Briggs didn’t disclose the identity of the buyer, but said the purchaser was international. Scottsdale has seen an increase in demand from international prospective buyers in excess of the earlier couple of many years, she said.

Identified as “Altitude,” the recently finished property is positioned in the Silverleaf gated community, Mr. Tackett said. It sits on a peak in the McDowell Mountains, with views of the mountains and the cities of Scottsdale and Phoenix, he stated. 

Michael Matzek, co-operator of Mast Luxury Residences, mentioned he purchased the home in 2016 for $5 million. “Inventory is confined in the luxurious current market proper now so we hoped ‘Altitude’ would be nicely-obtained, and offered the reasonably fast sale, all those thoughts had been verified,” he mentioned.

The earlier report was established by a $24.1 million Scottsdale sale in 2020.

Altitude includes a approximately 17,000-sq.-foot, five-bed room major house, moreover two guesthouses and a 12-car garage. Amenities incorporate a theater space, two conditioning rooms, two elevators and a poker space that can also be employed as a cigar home, Mr. Tackett said. Exterior, a large fireplace pit sits at the edge of the pool.

The property took about 4 and a fifty percent several years to full, Mr. Tackett reported, and saw powerful desire once it hit the sector. He mentioned the regional luxurious marketplace has remained lively despite mounting curiosity costs.

The household sits on a peak in the McDowell Mountains.


Jessica Peterson

 “The luxurious current market has not seriously found a great deal of a slowdown, from what I can inform,” Mr. Tackett said, pointing to minimal stock paired with strong need.

Scottsdale noticed a 51% fall in the range of properties for sale concerning April 2021 and March 2022 compared with the same time period of the former calendar year, according to Information Corp, father or mother of The Wall Avenue Journal, operates Real estate

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