There’s a new clubhouse leader for luxury home sales in Paradise Valley.Joshua Peters, founder of Stately Living at Realty One Group, closed on the Paradise Valley property sale for $18.75 million in an all-cash deal. Scottsdale-based Norton Luxury Homes just finished building the 10,365-square-foot estate on 2.5 acres.The transaction closed Aug. 19 for $1,808 per square foot.”It’s also the most expensive spec home sold in Paradise Valley,” he said.This transaction represents the highest sale price in Arizona this year for a residential home, topping the $17 million sale of a modern Mediterranean estate that Salcito Custom Homes Ltd. recently built within the exclusive gated Silverleaf community in north Scottsdale. That transaction closed July 16.Phoenix Valuations President J. Andrew Turley, who appraises the majority of luxury properties in metro Phoenix, said the property checks every box in terms of spectacular views, amenities, finishes, location and engineering.”This sale around $1,808 per square foot conveys the strength of the ultra luxury market that is still on a robust momentous ride,” Turley said.Click on the gallery below for a glimpse of the newly built property: This newly built estate at 6447 E. McDonald Drive in Paradise Valley sold for a record $18.75 million.With five bedrooms and seven bathrooms, the newly built home offers views of Camelback Mountain. The lot had been sitting vacant since the 1920s, tied up in a family trust. Peters, who co-developed the luxury home under his Stately Living development firm, bought the lot about four years ago.Peters sold the property off-market to a local buyer for full asking price. He declined to identify the buyer, who he said saw the property “off a social media post.” Maricopa County records show the buyer is an entity called Saguaro 65 LLC.The pr …
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