Residential land is an increasingly expensive commodity in Phoenix’s luxury neighborhoods.
Custom builders are paying premiums for these lots. In some cases, houses are traded purely for land value.
The top five home sales in Phoenix during February each traded for over $11 million and the top two were for newly built homes.
Phoenix saw a $20 million off-market deal on Feb. 27, when a buyer scooped up 6109 E. Maverick Road in Paradise Valley’s Silver Sky community as the home was under construction.
Below are the five priciest home sales as of March 11, according to Homes.com, in the Phoenix metropolitan area for February. The top sales are based on Multiple Listing Service listings on Homes.com, which do not include off-market transactions.
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5. $11,300,000
Address: 11006 E. Saguaro Canyon Trail, Scottsdale
Seller’s agent: Donnalynne Doglione, Realty ONE Group
Buyer’s agent: Lisa Westcott, RETSY
List price: $11.9 million
Square feet: 6,088
Bedrooms: 4
Bathrooms: 5
Year built: 2019
Lot size: 2.03 acres
This 2-acre estate is tucked away in the guard-gated Silverleaf community in north Scottsdale.
Inside the 6,088-square-foot home is a kitchen stocked with high-level appliances, custom cabinetry and an oversized island with two dishwashers. The backyard features a pool and spa, a fire pit and two covered patios with misting fans.
A golf membership to the prestigious Silverleaf Club was also part of the pitch to buyers while the home was marketed.
The home sold Feb. 27 for 5% below the list price.
4. $11,500,000
Address: 21487 N. 110th Place Unit 1830, Scottsdale
Seller’s agent: Mike Sweeney, Silverleaf Realty
Buyer’s agent: Jessica Dean, ReMax Alliance Group
List price: $13.65 million
Square feet: 8,889
Bedrooms: 4
Bathrooms: 5
Year built: 2013
Lot size: 1.45 acres
Another one of Phoenix’s top home sales of February can also be found in the Silverleaf community.
This estate blends Spanish and Mediterranean-inspired architecture and has nearly 9,000 square feet of livable space.
The home sold Feb. 24 for 15.8% below the list price.
3. $12,250,000
Address: 7050 N. 39th Place, Paradise Valley
Seller’s agent: Christopher Karas, Compass
Buyer’s agent: Oleg Bortman, The Brokery
List price: $12.5 million
Square feet: 6,318
Bedrooms: 4
Bathrooms: 5.5
Year built: 2019
Lot size: 2.03 acres
A Paradise Valley estate is perched on a more than 2-acre hillside lot.
Floor-to-ceiling walls offer direct views of the Phoenix mountain ranges. The home’s primary suite offers sweeping views across Phoenix and features a drop-down screen and projection system, a spa-like bathroom, a large walk-in closet, and an outdoor spa.
The estate also has a detached guest house, equipped with a kitchen, living area and bedroom for extended-stay or multigenerational living.
The home sold Feb. 27 for 2% below the list price.
2. $15,700,000
Address: 6215 N. 61st Place, Paradise Valley
Seller’s agent: Jonathan Wall, DPR Realty LLC
Buyer’s agent: Joan Levinson, Realty ONE Group
List price: $15,995,000
Square feet: 8,120
Bedrooms: 6
Bathrooms: 8
Year built: 2025
Lot size: 1 acre
This 2025-built Paradise Valley estate has plenty of options for entertaining with a wine wall, outdoor kitchen, rooftop deck anchored by a fire pit and a heated negative-edge glass-tiled pool with a bar.
The 8,120-square-foot home is also equipped with an office, home gym, theater and game room.
The home sold Feb. 19 for 1.8% below the list price.
1. $20,900,000
Address: 5641 N. Casa Blanca Drive, Paradise Valley
Seller’s agent: Joan Levinson, Realty ONE Group
Buyer’s agent: Shelby DiBiase, eXp Realty
List price: $21.8 million
Square feet: 11,626
Bedrooms: 7
Bathrooms: 8.5
Year built: 2024
Lot size: 2.55 acres
Phoenix’s top sale in February was a 2024-built home in Paradise Valley with views of the city’s mountain ranges. The estate has a main residence and a detached guest house.
Inside, the layout flows around a great room with floor-to-ceiling glass walls, capturing views of the outdoor infinity swimming pool.
Outside, the home’s grounds rival those of most community centers, with a large turf lawn and tennis court. A 1,145-square-foot entertainment building is separate from the main residence and includes a bar area, movie theater and flex space.
The home sold Feb. 26 for 4.1% below the list price.
