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Paradise Valley is one of Arizona's most Exclusive Addresses

(Published on - 4/11/2018 7:10:14 PM)

Mummy Mountain Clearwater Hills

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Paradise Valley is a small residential community known for its luxury golf courses, shopping, and restaurants. According to the 2010 census, the population of the town was 12,820.  There are approximately 7,000 homes on minimum one acre lots in this all-residential community including the hillside and foothills of Camelback and Mummy Mountains and the Phoenix Preserves.  Until recently, this is where the most expensive homes in the state were located and where most of our "local" celebrities had their homes. There are a few well known resorts (Santuary, Hermosa Inn, El Charo, Montelucia & the Camelback Inn) that were grandfathered when the Township was incorporated in 1961.  The Town originally required one acre minimum lot sizes and you can still find ten acre+ parcels for the right price. There have been exceptions to the one-acre rule over the years by developers who include common areas as a portion of the aggregate land density, and some very creative golf course designs. A rule of thumb for a good buildable one acre parcel is $1Million, which does not include the demolition cost. The outskirts of PV Township, as well as a couple of the foothill neighborhoods in the Phoenix Preserve, are actually in Phoenix or Scottsdale but allowed to use the PV 85253 mailing address so it can be confusing (take a look at the Assessor's records).   


A typical resident's drive circle is about five miles, which can include work, school, restaurants and shopping.

Settlement began here just after World War II. The homes were modest in size and style and they usually occupied 1 to 5 acres. In the late 1950s, Phoenix and Scottsdale were looking to expand their respective boundaries, so residents formed a "Citizens Committee for the Incorporation of the Town of Paradise Valley, Arizona" with the main goals to keep zoning to a one house per acre minimum; to keep the area entirely residential; and to keep government regulation to a minimum. Many of these homes included incredible estates of some of this Country and State's founding families, vacationing politicians, dignitaries and celebrities. Several have been preserved and are now resorts and/or residences.  Neighborhoods like Casa Blanca have some rich history with stories about Marilyn Monroe and movie executives vacationing with aninemity using a private landing strip that used to exist there.  


PV has a very relationship-based police department, and our public schools include the Scottsdale Unified School District's "3-C" schools with high parent participation and long waiting lists due to Open Enrollment.  There are also numerous private schools including Phoenix Country Day and Tesseract, and others nearby.  


Values here will always stay high due to the privacy afforded by large lots and rolling foothills yet in close promity to downtown and the airport. PV is nestled at the base of some of the most beautiful hikable and bikable mountains, yet in the middle of the fifth largest metropolitan city in the United States. With over 300 days of sunshine a year (yes, the hiking is fabulous in the summer), there is a large percentage of "snow birds" or secondary or thirsary residences.  Newer developments include the 2016-approved Ritz-Carlton Paradise Valley, the brand's first resort and housing development in over a decade. This includes  an adjacent shopping district (actually located on the NE corner of the 110 acres and officially in Scottsdale) touted to be the most exclusive in the Western United States, “Rodeo Drive without the Drive."  PV's most well-known landmarks and hillside residences are located on Camelback, Mummy and the Phoenix Mountain Preserves where there is a no-dynamite policy, and pads can take upwards of 3 years to chisel. The Paradise Valley Country Club is home to members such as Sandra Day O'Conner, John McCann, and dozens of sports celebrities. Homes here sell at square footage prices ranging from older ranch style "tear downs" around $300 to over $1,000, with an average listing price currently just over $2M.  



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