Realty Executives Phoenix
Denise van den Bossche
Denise van den Bossche
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For more on this listing: www.8731North68thStreet.com
"WHY ARE ALL THE MILLIONAIRES MOVING TO THIS SMALL ARIZONA TOWN?" Click for reprint of Wall Street Journal February 2002
Paradise Valley Arizona is a small residential community at the base of Camelback Mountain and the Phoenix Mountain Preserve, surrounded by Phoenix to the west and Scottsdale to the east. PV consists of approximately 7,000 homes on large lots with a minimum of one acre, and a handful of Arizona's best resorts the Ritz.
Camelback Country Estates neighborhoods comprise the entire northeast quadrant of Paradise Valley Township with Shea to the north, Scottsdale Rd to the east, Tatum to the west and Lincoln to the south. Although there are a few gated communities within the area, most of it is ungated, and many of the original homeowner's associations abandoned over time. However, there is a strong movement to ressurect HOA commmunities specifically to put restrictions on short term rentals (STR). Be clear that Arizona due diligence should include this investigation. Some of the neighborhoods retain septic and private water companies, and others are tied into city sewer systems. It is recommended that you work with a real estate professional familiar with the area to avoid unpleasant surprises.
The Camelback Country Estates quadrant of PV is the place you want to ride your bike for hours without crossing a major artillery road. Road bike groups gather at nearby Gainey Ranch shops to embark upon a morning ride almost daily. You will find this to be the most family-friendly, active lifestyle areas of the Town, anchored by some of the nation's top public schools. Residents enjoy the cool mornings and dusk year round, yes, even in most of the summer months when our lack of humidity really shines!
Because of the minimum acre lots that date back to the Township’s incorporation in the early 1960s, you will find large grassy yards, tennis courts, shady sidewalks, front porches, runners, road bikes, and dog walkers. And because it is in the foothills, the streets provide even the most athletic of its residents a great workout. Outdoor enthusiasts enjoy the variations in incline for walking, jogging and bicycling. Wide lot set-backs, filled with indigenous flowering desert vegetation provide golf course and mountain views. Dark sky ordinances at dusk, allow for dramatic sunset walks.
You can walk or ride your bike to Paradise Valley Country Club, the Camelback Inn or the Camelback Country Club, which features 36 championship holes (more below) and currently has a 10 year wait list. This is the neighborhood to ride your bike for hours without having to cross a major road. There are plenty of views and inclines to choose from. This residential oasis with minimum one-acre lots is most appealing due to its location, where everything you need is within a five minute drive: Bordered by Scottsdale Road, Gainey and Mccormick Ranch to the East, and Phoenix to the West. Groceries? Choose from Fry's, Safeway, Whole Foods, Trader Joes and Sprouts. Salons? This ranges from Rolf's NYC style fashion to dozens of nail, wax and cosmetic specialties. Restaurants? Coffee, Pubs, Wine Bars, and dozens of restaurants. Gym? The Villages, Yoga, and Club Pilates are some of the most popular. Shopping? Paris Paris, several boutiques, furniture, jewlery and more. Resorts? Gainey Hyatt, complete with lazy river and gondolas, and of course more golf.
Recognized for its celebrity sightings, luxury estates and gated compounds, PV is a small residential community of 13,000 residents, city services, and a Police Department. Many of the neighborhoods here are not governed by HOA, yet pride of ownership is apparent: PV is in the top 10% of wealthiest and safest places in the state, where estates can exceed $30 Million. There are no Property Taxes in the PV Township, thanks to some of the most exclusive resorts in Arizona.
Location, Location, Location. Paradise Valley is located at the base of Camelback and Mummy Mountains, some of the Valley's most recognizable landmarks. On the west side of Tatum, the Valley is set into the Phoenix Mountain Preserve, offering over 200 miles of trails and great city views of the Phoenix and Scottsdale skylines! Bordered to the East by Scottsdale Road, The Camelback Country Estates quadrant of PV is a short hike to some of the best and ever-changing restaurants, shopping and entertainment in the U.S. A few miles away, the Ritz Paradise Valley and 110 acres of Ritz branded homesites is well under construction, the first resort built under the brand in two dozen years. Adjacent will be what is advertised as the greatest shopping district in the west, with prominence greater than Rodeo Drive in Beverly Hills. A few miles in either direction is Tempe/ASU, Old Town Scottsdale, Kierland Commons and the Scottsdale Quarter, the 101, Casinos and multiple spring training facilities. (More on Paradise Valley Township) (More on Scottsdale)
15 minutes to downtown Phoenix and Sky Harbor Airport. Flying private? 15 minutes the other direction to Scottsdale Airport. It's also 15 minutes to the Hwy 101 Loop at Shea, which wraps around the Valley with little congestion. 15 minutes west to the 51 to downtown or the Biltmore.
Bordered by Scottsdale Road, the CCE neighborhoods are walking distance to coffee, shops, restuarants at Gainey, Located half way between Old Town Scottsdale and Kierland/Scottsdale Quarter. 15 minutes takes you to either Old Town Scottsdale to the south, or Kierland/Scottsdale Corridor to the north.
Scottsdale’s renown 3-C Schools are located here. How many elementary schools can boast of a local police presence? Welcome to Cherokee Elementary, where the PV Police Department maintains a substation. Historically enjoying some of the longest wait lists in the state, the campus was completely redesigned and rebuilt ready for the post-Covid enrollment. Nearby Chaparral High has a national award winning athletic program attracting students from out of state as well as overseas. Phoenix Country Day and Tesseract are also located here.
Due to their popularity, Enrollment for the current school year is limited to households within the boundaries. It can be confusing, as there is a nearby Paradise Valley Unified School District 69, which is actually in a City of Phoenix planning district called Paradise Valley Urban Village. Some of our neighbors here between Shea and Mountainview have a Paradise Valley Township mailing address and large one acre lots with all the same attributes as a PV home, but are actually in this Phoenix Urban Village. These neighborhoods are our PV Gateway homes and we support their lobbying efforts to fight pressures to increase density and otherwise harm the character of the neighborhood.
The Camelback Inn Golf Club features 36 championship holes. Two scenic courses, Ambiente and Padre, boast native grasses, lakes, lofty trees and mountain views. The terrain, with its elevation changes, bunkers and water holes, challenges golfers of all skill levels. The Ambiente Course was re-designed in 2017 by notable golf architect Jason Straka on behalf of Hurdzan Fry Environmental Golf Design. This 7,225-yard, par 72 course challenges players with eye-catching elevation changes and rolling fairways of significant drops. The landscape is made up of mountain vistas, native trees and wildflowers. Mindful of its surroundings, this Arizona course was specifically created to be eco-friendly and sustainable.
The Paradise Valley Country Club is world renown, and the wait list which typically exceeds ten years, demonstrates its popularity. The 18 hole course runs along Tatum to the west and Lincoln to the south. Here it is not uncommon to find yourself dining next to Sandra Day O'Connor, the Govenor or a visiting celebrity. There are a few remaining 1950s era homes on the course ready for a new owner, call 608-980-0737 if you have an interest in a fabulous fairway lot!
The luxury home market here remains strong. Here is the August 2022 Luxury Home Marketing Institute's report, including local reports on Scottsdale and Paradise Valley.
Paradise Valley was listed as #3 for Median Sales Price (just behind Aspen and Naples) in the current report (downloadable version). I am seeing the market closely from holding open houses in this market 5 days each week, and watching homeowners, builders and investors generating huge profits in a short time. Today's luxury home buyer refuses to buy anything less than fully remodeled and updated. The luxury report calls this demand "move-in-ready," stating “Despite escalating prices, it seems that buying a fixer-upper is still not on the radar of the affluent …. they simply do not want the hassle.” And according to the report, and what I am seeing every day here, this trend is escalating! The "flip" targets are homes priced under $5 Million which need even minor cosmetic updating, which is the reason we just dropped the price on this home described below. LOCAL PARADISE VALLEY MARKET UPDATE
The digital brochure at the top of this page is a great representation of an average home in Camelback Country Club Estates. This large Family Home on Full Acre has a fully remodeled owner's suite and large eetached casita with full kitchen, for a total of just under 8,000 square feet. Children's wing has study area/living room. There are two guest powder baths. Home and casita face a heated pool courtyard with a gorgeous water fountain. The sport court in back has a perfect view deck for Pickleball tournaments plus in-ground trampoline and grassy play area. Now under $5,000,000! A great investment opportunity!! Call for private tour 602-980-0737. More on this home.
8100 N. 68th Street, at 18,000 square feet and located a 7 iron away from the Camelback Golf Club, listed for $16,000,000. This 2009 Estate sits on just over 2 acres. It went under contract on September 2.
After living in other parts of Paradise Valley for 20 years before landing here 12 years ago, I can honestly attest to what makes these neighborhoods great. Questions, contact me here.
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SHORT TERM RENTALS, NO
in early 2022 new STR laws went into effect in Paradise Valley. And several established neighborhoods modified existing CC&Rs. Be careful on listings stating "no HOA" since the process takes months or years, during which they will be undetectable by your title search. If changes are in process when you purchase your property with the intent of using for a short term rental, you could become involved in a lawsuit you did not want or expect. Work with a local agent who knows the neighborhoods of PV.