Chateau on Central Closes $5.8M Sale
Chateau on Central recently completed the sale of its spacious “double mansion” which sold for $5.853 million. The 11,437 square-foot private residence features a three-story indoor waterfall and combines two of Chateau’s signature five-story brick and masonry brownstones into a single home. The custom residence was designed by Est Est Inc. and completed by A Finer Touch Construction. The sale is a historic milestone in the City of Phoenix as it represents the highest residential sale in the downtown area.
Chateau on Central consists of 21 residences and offers luxury urban living in the heart of Phoenix with customizable floor plans and a metropolitan vertical-living experience. The housing industry has seen an increased demand for this type of “limited edition” urban housing as a growing segment of affluent millennials and baby boomers seek luxury housing with the convenience of metropolitan life. Chateau’s centralized location, and position near the light rail, allows for easy access to downtown’s event, dining, arts, and cultural destinations.
“Chateau on Central offers a unique opportunity for downtown Phoenix residents to enjoy upscale city living, much like that commonly found in New York or Boston,” said Nakia Clark, MSI West Investments LLC, developer of Chateau on Central. “We offer our residents top-notch luxury amenities and fully customizable floor plans to meet each family’s individual needs.”
The Phoenix metropolitan area is the eighth largest growing city in the United States and its downtown area is a hub of activity. Chateau on Central offers the only luxury residences in the area and boasts unique-to-Phoenix amenities such as live-work zoning. Each brownstone is zoned to house small business, work-from-home offices or light retail in the lower levels with living space directly above. Chateau on Central residences offer unparalleled opportunities to the Valley’s upscale, busy professional.
“Chateau on Central is the elite urban living community for those seeking a luxury lifestyle in Downtown Phoenix,” said Monica Monson of Monson Luxury Group, Russ Lyon Sotheby’s International Realty who currently represents Chateau on Central. “The significance of this sale proves that affluent homeowners have confidence to invest in Chateau and believe in the progress of Downtown Phoenix’s revitalization. We are truly excited about the current momentum and look forward to what the future holds for Chateau.”
Each brownstone comes equipped with a private elevator providing easy access to all five levels and boasts a rooftop patio and standard two-car garage. For more information about Chateau on Central, visit chateauoncentral.com.