Courtesy of: Wendy Herst, DeLex Realty, wendy@wendyherst.com
Courtesy of: Wendy Herst, DeLex Realty, wendy@wendyherst.com
$19,800,000
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5 bed
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5.00 Bath (4 Full , 1 Half)
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Lot: 0.97 Acres
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Single Family Residence
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$19,800,000
7155 E Oakmont Drive There is ultra-luxury, and then there is this true Unicorn, Statement Property and Trophy Estate. This award-winning, completely rebuilt, corner golf green home is located in the most expensive neighborhood in the Southwest United States. In addition to the five centerpiece Unicorn features described below, the home's Unicorn status is underscored by its designation as the #1 Single-Family Rental in Arizona with $51K in monthly rental revenue. The home's distinguished prior tenants include A-list celebrities, superstars and even billionaire tenants arriving in personal helicopters while renting this home. This turnkey estate occupies the best lot in the heart of a storied Paradise Valley neighborhood, where homes that have sold for $15M+ would rent for less than half this home's rental revenue of approximately $51K per month. The standard ultra-luxury market's Cap Rate of 2% and NOI of $400K yield a valuation of $400K/0.02=$20M. This $20M is a conservative estimate because it does not take into account the huge premium for the following five Unicorn centerpiece features that no other home in the world has: (1) Floodlit Championship Golf Green for Night Golf: This is the only home with the ability to play night golf and evening golf on a floodlit championship golf green with direct frontage on a championship golf green, instead of an artificial putting green in an ordinary backyard. (2) Ethereal Location: Prime Corner Lot with only one adjacent neighbor in the heart of the neighborhood with private security patrol in Audubon Bird Sanctuary designated area. (3) Direct frontage on a Championship Golf Green with dynamic views of birds and birdies. Less than 1% of Golf Course homes are Corner Golf Green homes. (4) Mountain views of both Mummy Mountain and McDowell Mountains. This home has beautifully landscaped peaceful grounds with 27 palm, citrus and eucalyptus trees. (5) Extreme privacy with true indoor-outdoor style living because of the interior, palatial courtyard (enclosed on all four sides) with a Roman skinny-dipping pool, Grecian columns, Finnish Sauna, and a Tournament-sized 12-foot snooker table imported from a castle in England located in an Arizona Room with motorized shades. Instead of buying inferior, boxy, retail-store-look-alike new construction homes, discerning and smart buyers look for Unicorns that are a great store of value when it comes to their real estate, stock and art purchases. Lord Byron wrote: "There is pleasure in the pathless woods, there is rapture in the lonely forest, there is society where none intrudes, and music in its roar. I love not Man the less, but Nature more." These words best capture the timeless spirit and class of this beautiful home that has won several prestigious international awards including the coveted Luxe status award, highest possible Top 1% award, Guest Favorite award, and Gold Badge award.
Courtesy of: Wendy Herst, DeLex Realty, wendy@wendyherst.com
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