Paradise Valley Real Estate
No doubt about it – the Paradise Valley real estate market defines “high end.” Median home prices in this little slice of urban heaven are $1.74 million, with many exceeding $5 million and some over $20 million. Although Paradise Valley is small in terms of its land and population, the dozen or so exclusive resorts that call it home and its wealth of stunning mansions, sprawling estates and magnificent topography have made it perhaps the state’s most exclusive address.
Nestled in the shadows of Camelback Mountain, Mummy Mountain and the Phoenix Mountain Preserve, Paradise Valley’s sprawling properties enjoy an almost rural ambiance, no matter if they’re countrified ranches sleek contemporary estates. In fact, one feature most folks notice right away is the town’s oversized lots, which give homes – and homeowners – a lot of breathing room. That’s important in a bustling metropolis like Phoenix, and it’s something that Paradise Valley denizens realized long ago.
In fact, the story goes that around the 1950s, local residents began to fear their little piece of nirvana would be swallowed up by neighboring larger cities. Petitions were signed, meetings were held, and in May of 1961, incorporation was granted and the Town of Paradise Valley was established. The primary goals of the town’s organizers were to keep zoning requirements to a minimum of one house per acre and to keep the area entirely residential. Their mission was beautifully accomplished, and by 1968, the town boundaries were generally defined.
According to the town of Paradise Valley’s website, Paradise Valley still today is primarily zoned for single-family residential use, allowing just one home per lot. No multiple housing units are permitted, and since most of the town is zoned R-43, the size of each lot must be at least one acre. There are some smaller residential lots also zoned R-43, but they were less than one acre when they came into the town and are considered “grandfathered.”
Paradise Valley has shed some of its more rural attributes, but it is still known as the ideal spot for relaxed, upscale living. In fact, a wealth of spectacular estate properties now call Paradise Valley home, and many of them are lushly landscaped with towering palm trees, luxuriant grassy lawns and tropical foliage. Even the back patios of many homes here flaunt what one would typically expect to find at a high-end resort: alfresco kitchens, dining ramadas and picture-perfect swimming pools highlighted with boulder-trimmed waterfalls, flaming fire-pots, cascading water sheers and spillover spas. And, oh, those views! Glittering night time city views don’t get much better than when they’re viewed from floor-to-ceiling windows in a mountain-hugging masterpiece.