$14.5M home sets record for highest price per square foot in Arizona

Real Estate | 27 Jan |

Arizona’s real estate market is the best it’s been in recent years and Chris Karas of The Karas Group at Launch Real Estate announced he has now set the new record for the highest price per square foot home sold in Arizona.

Karas represented the seller and just closed on their $14.5 million custom home on Paradise Valley’s prestigious Nauni Valley Drive. The street has recently boasted notable residents, record sales and now the state’s new record of $1,566.55 per square-foot.

READ MORE: Here’s why the Metro Phoenix luxury home market is booming

Karas’ all cash, off-market sale at 6111 N. Nauni Valley Drive in Paradise Valley is now the highest price per square foot home sold in the history of Arizona residential real estate. The buyer’s name has not been disclosed.

With views framing Camelback Mountain, the 9,256-square-feet custom home sits on 3.3 acres and was built by Eagle Homes in 2016. Owner and interior designer, Karen Ippolito hand selected stunning Italian wood floors, Savant home automation and a rich selection of materials. The estate offers 5 bedrooms, 7 bathrooms and several bonus rooms. The home also features a long list of luxury amenities including its own exercise room, media den, kid’s wing equipped with a playroom and a 6-car garage.

Outside the entertaining is taken to a new level with two cabanas equally 2,000-square-feet, private sport court, putting greens, resort style heated pool and spa, and an outdoor kitchen that even includes its own pizza oven.

“The home was designed to showcase and frame Camelback Mountain from every vantage point. It is absolutely one of the finest estates I have ever had the privilege of representing. It’s no surprise that this is the home that now sets the record for the highest sold price per square foot,” said Listing Agent Chris Karas of Launch Real Estate.

Representing buyers and sellers in Paradise Valley, Phoenix and Scottsdale, Karas has been selling real estate for 16 years. In just the first two weeks of 2021 Karas has already closed more than $20 million in off-market real estate transactions. Karas is also a proud Co-Founder of Launch Real Estate which boasts the highest production per agent amongst leading brokerages in Arizona and holds the #1 market share for $1,000,000 plus sales in Arizona.

Karas’ vast knowledge of Phoenix, Scottsdale, Paradise Valley, Arcadia, and Biltmore, coupled with his honest-to-a-fault demeanor, have made him the perfect agent for professional athletes, entrepreneurs, investors, and families alike. Karas’ success has not only been enjoyed by his clients, but noticed by other professionals as well. He has most recently been featured on Bravo’s Million Dollar Listing: Los Angeles, and is a frequent guest speaker on luxury residential real estate and has been interviewed for documentaries regarding real estate investment.

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