Altitude at Silverleaf was sold on June 1. 2022 in a record breaking $28.1 million all cash deal. (Photo provided by Darren Tackett of RE/MAX Fine Properties)
6 Metro Phoenix hot spots for luxury homes
The Phoenix area is vast. It’s home to millions of people, a number of suburbs and countless individual neighborhoods. As one of the biggest metro areas in the country (both geographically and population-wise), Phoenix has carved out unique luxury real estate enclaves that offer a distinct character for homebuyers in search of a specific look, feel and location in Phoenix for luxury homes.
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From historic, to custom, to estate living, the following six areas capture a cross-section of the many flavors of luxury the Phoenix area has to offer. At Halpern Residential we don’t necessarily have a favorite. We’re just proud to be able to work in a metropolitan area that offers such variety for buyers who are looking to own.
Let’s “tour” the luxury hot spots of Phoenix.
Historic Luxury: Encanto-Palmcroft. As a recognized historic residential area in downtown Phoenix, the Encanto-Palmcroft neighborhood offers a variety of pre-WWII architectural styles. Here, the homes “look” at each other as part of a concerted effort to create community at the time of construction and many of the homes represent revival styles, to include Tudor, Mediterranean, Colonial, French Cottage, Ranch, Eclectic and Pueblo. In recent years, Encanto-Palmcroft and other historic neighborhoods downtown have experienced a boost in popularity, increasing home values.
Established Luxury: Paradise Valley. With Camelback Mountain at its doorstep, quite literally in some cases, Paradise Valley is synonymous with homes that radiate an established luxury. Supported by luxury retailers, pristine golf courses and a vibrant culinary scene, Paradise Valley homes offer a mix of architectural styles that in one area harkens to classic desert styles while in another imagines modern silhouettes with abundant glass and clean lines that work with the incredible landscape surrounding the home. In Paradise Valley, established luxury comes with a premium level of variety.
Intro to Luxury: North Central Phoenix. North Central Phoenix. The North Central area of Phoenix is a prime neighborhood for those looking to enter the luxury residential market — where the median home price hovers just shy of $1 million. The homes in this area are unique, mostly mid-century builds on larger lots with established greenery. The area looks and feels like a midwest enclave in the heart of the city. Additionally, the area has accessibility to a number of freeways and proximity to the Phoenix Mountain Preserve, which in some places can make the city feel like it’s miles away.
Desert Luxury: Silverleaf. With homes that start around $3 million and top out at about $32 million, Silverleaf offers a textbook luxury living experience — complete with a country club component tucked within the neighborhood. Home to golf and near the McDowell Sonoran Preserve, Silverleaf offers homeowners a classic desert luxury living experience in what is known as the DC Ranch area.
Lifestyle Luxury: Arcadia. A darling of modern makeovers, Arcadia benefits from mature trees, citrus groves, larger lots and convenient proximity to upscale Phoenix dining and retail. With prices that top out at or just above $7 million, and plenty of opportunities below that, Arcadia offers an architectural mix of classic Arizona ranches and modern urban renovations.
Southeast Valley Luxury: The Pecans. Tucked into the southeastern edge of the Southeast Valley, The Pecans offers custom and semi-custom homes in a gate community anchored by what once was a pecan grove. As a master-planned estate community, The Pecans offers owners community recreation amenities, lush parks and proximity to the trails that crisscross the nearby San Tan Mountain Regional Park.
Maybe one of these areas speaks to you. If they do, we’d be happy at Halpern Residential to guide you through the most current luxury real estate opportunities available.
If you’re considering a purchase in the luxury market, the team at Halpern Residential is ready to help. We keep an eye on market trends so you don’t have to. Moving is an exciting time of transition, and we’re ready to help you with it. Contact us today so we can learn more about how we can support your needs.
Author: Trevor H. Halpern, J.D. is the #1 independent agent at Phoenix-based North&Co. and the CEO of Halpern Residential. As a Phoenix native, Halpern’s deep knowledge of both people and property has allowed him to create client success in all areas of town.