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Selling a Home

10 Essential Tips To Buying Luxury Real Estate in Arizona

Arizona is a state that is renowned for its breathtaking scenery and vibrant culture. Arizona’s most sought-after luxury communities include Scottsdale, Paradise Valley, and Fountain Hills. These communities offer residents world-class golf courses, shopping, dining, and outdoor recreation opportunities.

The real estate market in Arizona has seen significant growth in recent years, and the luxury housing market is no exception. The average sale price of luxury homes in Arizona has been steadily increasing, and demand for these homes remains strong.

Arizona’s luxury housing market is predicted to grow despite economic concerns. The state’s warm climate, rich terrain, and strong economy will certainly draw more luxury homebuyers. Whether you’re looking for a full-time residence or a second home, Arizona offers a wide range of luxury housing options to suit your needs.

Here is our comprehensive guide to purchasing a luxury property in Arizona.

What Is a Luxury Home in Real Estate in Arizona?

In real estate, luxury homes in Arizona are typically defined as high-end properties with a high price tag and a long list of high-end features and amenities. However, there is no definition for a luxury home, as the definition can vary depending on local real estate markets and personal preferences.

However, some standard features of luxury homes in Arizona may include the following:

  • Large living spaces with spacious rooms and high ceilings
  • Gourmet kitchens with top-of-the-line appliances and finishes
  • Master suites with spa-like bathrooms and walk-in closets
  • Outdoor living spaces such as patios, pools, and gardens
  • High-end finishes such as hardwood floors, crown molding, and custom lighting
  • Energy-efficient systems and innovative home technology
  • Privacy and seclusion, often on large lots in upscale neighborhoods

In Arizona, luxury homes typically start at a price point of $1 million or more. However, this is just a general guideline, and the actual definition of a luxury home can vary depending on the specific market and location.

1. Know Your Budget

The first step in the process of buying a luxury home is to know what you can afford. Next, determine your budget, considering your income, savings, and debt, and remember that owning a luxury home typically comes with additional expenses, such as property taxes, insurance, and maintenance costs.

2. Work With a Reputable Real Estate Agent

Working with a reputable real estate agent with experience and expertise in the luxury real estate market can make buying a luxury home much smoother. An agent will have access to a range of properties, including those not listed on the market, and can help you negotiate the best possible price.

3. Consider Your Lifestyle and Priorities

Before you search for a luxury home, take some time to reflect on your lifestyle and priorities. Consider factors such as the home’s proximity to local amenities, the type of property you are looking for, and the size of the house. This will help you find a perfect home for you and your family.

4. Research the Local Area

Before making a purchase, it is essential to research the local area where you are interested in buying a home. This includes learning about the local economy, schools, and transportation options, as well as the quality of life in the area.

5. Check the Condition of the Home

When viewing luxury homes, paying close attention to the property’s condition is essential. Look for signs of damage, wear, and tear, and any other issues that may affect the property’s value. If you have concerns about the condition of a property, consider hiring a home inspector to conduct a thorough inspection.

6. Negotiate the Price

Once you have found the luxury home you are interested in purchasing, it is time to negotiate the price. Work with your real estate agent to make a fair and reasonable offer, considering the current market conditions and the property’s value.

7. Get a Home Inspection

Getting a home inspection is a crucial step in buying a luxury home. A home inspector will assess the property’s condition, including its structure, systems, and appliances, and provide you with a report that will help you make an informed decision about your purchase.

8. Review the Closing Costs

Closing costs can add up quickly when buying a luxury home, so it is essential to review the costs associated with the purchase before you sign on the dotted line. This may include title insurance, closing fees, and property taxes, so factor these costs into your budget.

9. Consider the Long-Term Value of the Property

When buying a luxury home, it is important to consider its long-term value. This includes factors such as the location, the home’s condition, and the quality of the local schools and amenities. Considering these factors, you can help ensure that your luxury home retains its value over time.

10. Seek the Advice of a Financial Advisor

Before buying a luxury home in Paradise Valley or Scottsdale, Arizona, it is wise to seek the advice of a financial advisor. A financial advisor can help you determine your budget for a luxury home and guide you on the best financing options for your situation. They can also help you plan for the long-term costs of owning a luxury home, such as property taxes, insurance, and maintenance.

A financial advisor can help you make a better decision and avoid possible financial pitfalls. They can provide an objective perspective on your financial situation and help you understand the real cost of owning a luxury home. Working with a financial advisor ensures that you are making a smart investment and that you can enjoy your new luxury home for years to come.

Experience the Prestige of Owning a Piece of Luxury in Arizona

Unlock the door to your dream luxury home in Arizona today! With stunning views, world-class amenities, and a thriving real estate market, now is the time to invest in your future. But don’t wait; work with a local expert to find the perfect luxury home for you and start living the life you deserve.

Ready to find your dream luxury property in Arizona? Explore the available options by county here!

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Selling a Home

A Guide to the Best Neighborhoods in Scottsdale, AZ

Homes in Arizona can cost over $450,000. Regardless of the rising housing costs, Scottsdale, Arizona is a great place to relocate to or purchase an investment property. However, not anybody understands what they need to about the best neighborhoods in Scottsdale.

We’ve put together a brief guide that outlines everything you should know before you purchase houses in Scottsdale. Let’s take a closer look.

Silverleaf Village

This high-end area of Scottsdale is one of the most luxurious neighborhoods in the city. It features extensive amenities and stunning mountain views, making it an ideal place for those looking for a high-end investment property or a luxurious new home.

As time goes on, it will become a much more attractive option to new homeowners. So, you can be sure that you will get a substantial return on your investment if you choose to sell your property later.

DC Ranch

Located near Silverleaf Village, this upscale community was designed to provide its residents with a similarly luxurious lifestyle. With its stunning golf courses, walking trails, and lush greenery, DC Ranch is a great place to purchase a property.

The choice between these two locations is a personal preference. DC Ranch, though, is a bit more rural for those who for this type of environment.

Echo Canyon

With breathtaking views of the nearby mountains, Echo Canyon offers spectacular scenery and plenty of outdoor activities for all ages.

There are also plenty of trails for hiking and mountain biking. Those who enjoy the outdoors should keep this in mind when making their decision. It’s also a great place to raise a family due to the number of activities available in the immediate area.

Desert Mountain

This large, gated community offers plenty of amenities for its residents. Desert Mountain is the perfect place if you’re looking for an upscale lifestyle with top-notch features due to its golf courses and tennis courts.

As the name suggests, it also offers amazing desert views that add plenty of beauty to the neighborhood.

Central Scottsdale

Central Scottsdale is perfect for those looking for a more urban lifestyle. This neighborhood offers residents the convenience of city life with easy access to the surrounding desert beauty.

There are also many shopping, dining, and entertainment options. For those who are looking to live in a busier, livelier area, this is a great choice.

McCormick Ranch

Great schools, shopping centers, and plenty of recreational activities make McCormick Ranch an ideal place to purchase a home or investment property.

Its stunning lake views are second to none.

This area is perfect for those looking for a suburban lifestyle without sacrificing the beauty of nature. For this reason, many people find it to be one of the most “balanced” neighborhoods in Scottsdale, AZ.

Arcadia

One of the most desirable neighborhoods in Scottsdale, Arcadia is known for its stunning homes and upscale lifestyle.

Arcadia is ideal for purchasing a beautiful home or investment property that has a high-quality surrounding environment. Of course, you can expect to pay a bit more in this neighborhood than you would in others.

The price is worth it, though — the luxury it offers is top-tier.

Paradise Valley

As the name suggests, Paradise Valley is an oasis of beauty.

More specifically, it offers its residents the best of both worlds: suburban living with easy access to downtown Scottsdale.

This allows people to enjoy the tranquility of living in the suburbs while providing the opportunity to get to a busy area of Scottsdale.

How Do I Find the Right Realtor For Me?

When searching for the right realtor to work with, look for someone who has experience in the area you are looking in and someone who specializes in the type of property you want to purchase.

Good realtors will be able to provide insight into different neighborhoods and help you choose a home that fits your lifestyle.

It is also important to find a realtor that you feel comfortable working with and can trust. Word of mouth is a great way to find a realtor, as well as online reviews.

When checking on feedback, there are certain criteria you need to consider. For instance, imagine if the realtor had a large number of negative reviews about the level of service they provide. Chances are that you will experience something similar if you chose to work with them.

In contrast, a realtor that has a large amount of positive feedback is generally somebody that you can trust. You should also keep an eye out for reviews that do not seem legitimate. These often sound more like advertisements or sales pitches than actual reviews.

The same can be said about reviews that are overly negative. Sometimes, someone will have a negative experience that is an isolated incident not indicative of the realtor’s professionalism. They might then leave a review out of spite.

With the right realtor on your side, you can make an informed decision about purchasing a house in Scottsdale. Take a look at their past feedback and ask questions to ensure you get the best advice and service.

Finding the Best Neighborhoods in Scottsdale Is Easier Than It Seems

At first, choosing the right best neighborhoods in Scottsdale can seem overwhelming. The above guidelines will help ensure that you avoid problems you may have otherwise dealt with.

Looking for more information on what we can do? Reach out to us today to see how we can help.

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Selling a Home

Luxury Homes in Scottsdale: Key Features to Look For

Reports show that the purchase of luxury homes went down 28% in 2022. Despite this dip, people are still on the hunt for the best luxury homes out there.

There will always be a demand for luxury homes in Scottsdale since they have so many features. If you want a home with character, this is the type of home to look for.

There are several key features that make luxury homes stand out. These are things that should be on your list that you absolutely must have when purchasing a home.

Keep reading to find out what features to look for in luxury homes in Scottsdale.

A Good View

One of the most important features of a luxury home is the view. Many luxury homes have earned this title because of where they’re located within the city.

Luxury homes are usually on a large piece of property, giving you plenty of landscape. The home may be on a hill where you are able to overlook other homes.

The view is going to depend entirely on where the home’s located. It also depends on the type of you you enjoy, some people enjoy looking at an expanse of trees in their backyard.

Others may prefer a bird’s eye view of the rest of the city. You should also have a good view from the front and the back of the home.

This is important since you will be spending time in both areas and you want a view that will impress.

Smart Home Technology

The majority of luxury homes include a key feature that you definitely want to have. This is smart home technology that enables your home to be more convenient and efficient.

A luxury home should be equipped with cutting-edge technology for the entire home. This usually includes things like controlled appliances, thermostats, and lighting.

You should be able to hook these things up to your phone and control them no matter where you are. This is very effective, especially for large luxury homes where efficiency is important.

This gives you the freedom to control how your home is functioning, even when you aren’t there. It also provides top-quality security from smoke detection to break-in detection.

You will be able to get notifications about these issues straight to your phone. It is important for luxury homes to have great security systems to prevent theft.

Outdoor Elements

Buying a luxury home in Scottsdale is a big investment, and you want it to pay off. One way to do this is to look for outdoor elements that fit your lifestyle.

The majority of luxury homes have a variety of outdoor elements that make them more valuable. The most common option that you will see is outdoor pools and saunas.

These are very common and allow you to enjoy a dip in the pool right in your backyard. Outdoor kitchen and dining areas are also very common so you can enjoy the summer months.

Outdoor fire pits and changing cabanas are also some things you may want to look for. You can always make changes and add elements after buying the home, but it’s easier to find these homes as is.

Privacy

Luxury homes are often designed to have privacy features for the entire property. This is important if you want to remain anonymous and avoid attracting a bunch of attention.

This adds value to the property and helps to create more security for your home. Most luxury homes are far away from other homes and are not located right on the street.

They often have different kinds of fencing that span the entire property. It may even have an automatic security fence that keeps intruders out.

Many homes also have a type of privacy screen from trees. This creates an eye-appealing landscape while still providing privacy for your home.

How much privacy you want is going to depend on where the home’s located. If the property is very large, you may not need as much privacy since your home is not in plain view.

High-End Kitchen

A very common luxury home feature that you will find is a high-end kitchen. You want the kitchen to have all of the modern features to make cooking and hosting meals easy.

Many luxury kitchens have warming drawers, wine fridges, and restaurant-quality appliances. Walk-in pantries are also very common for effective storage.

You may also want a kitchen that has a double fridge or one that is extra large. The kitchen should be much larger than the average kitchen with an island to keep the space efficient.

Walk-in Closets

One feature that you definitely need to look for is a walk-in closet. These are extra large closets that are pretty much a small bedroom within a normal bedroom.

They are much larger than the average closet, allowing you to use them as a changing room as well. The majority of the bedrooms in the home should have walk-in closets.

But it is especially important that this is a part of the master bedroom. If you are really going for fancy home features, you can look for homes that have dressing rooms as well.

Open Plan Bathrooms

A spa bathroom is part of the design of many luxury homes. This is an open planet bathroom that is much larger than the average bathroom with spa-like features.

Luxury homes in Scottsdale should have several bathrooms, many being of this design. They should include things like walk-in showers, bathtubs, and multiple sinks.

Some extra features include things like towel warmers, a Jacuzzi, and radiant heating floors. Many people specifically look for spa bathrooms that have a lot of marble features.

Specialty Rooms

Something that makes a high-end home stand out is specialty rooms. The average home has a few bedrooms, a kitchen, bathrooms, and a living room and that is all.

A luxury home should have more options, such as a game or theater room. These are also entertainment rooms that allow you to really elevate your home and create the perfect space.

This is ideal for families so that they can spend time together in their homes. Some homes even have indoor pools, sports bars, or indoor basketball courts.

If you do any work at home, a home office is also very important. Some people may also want an exercise room where they can keep all of their workout gear.

Open Floor Plan

One element that you will likely see and the majority of luxury homes is an open floor plan. The majority of high-end homes are large and open to create an expensive feeling atmosphere.

This modern type of plan highlights tall ceilings, grand foyers, and architectural designs. This also helps to highlight the expanse of windows that most luxury homes have.

This type of layout also creates more curb appeal. These homes look good from the inside and the outside, and this layout has many functional benefits too.

An open plan allows your family to interact more freely with each other. The house will not be boxed off like most homes, helping it to feel larger and more intentional.

This also allows you to invest in larger decor pieces like statues or fountains.

What Makes a Luxury Home?

Many people have heard of luxury homes but do not know what they are exactly. A luxury home is an individual property that is considered to have more unique features.

Most homes are considered to be luxury homes if they have a median threshold price of $912,500. They are also situated in prime locations with a more unique architectural design.

Some people consider buying a luxury home because they want the statement of it. Others may make this purchase because they want all of the features that are included.

Luxury homes are considered to be a great investment since you often get a lot for what you pay for. They also have a high resell value if the market is good.

Luxury Homes in Scottsdale

If you are looking for luxury homes in Scottsdale, you may not know what to look for. The term luxury home is quite vague since there is no definitive definition to describe what this is.

The good news is that most luxury homes can be identified by the high-end features they are designed with.

Do you want to buy a luxury home with all of these special features? Contact us today at Segovia Property Group for the best luxury home options in Scottsdale.

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Selling a Home

Everything to Know When Selling a Luxury Home in Paradise Valley, AZ

In 2022, among people who are wealthy enough to afford a high-end property, 67% say they are interested in purchasing a luxury property.

Selling a luxury home will take more than just listing it online. There are many steps and things to consider.

To get the most profit out of your sale, you will have to commit your time, energy, and money. If you’ve never sold a luxury home in Paradise Valley, you may feel overwhelmed.

We are here to give a little advice and explain the process to you. Read on to learn everything you need to know about creating a home-selling strategy.

Find a Realtor

There are thousands of realtors out there, but that doesn’t mean just anyone is going to be able to help you sell your property. Working with a realtor who specializes in luxury homes will make all the difference.

They will not only be experienced and know what works best, but they will also understand your expectations. Your privacy may be your top priority, and someone who has previously dealt with high-end properties will acknowledge and respect that.

Selling luxury real estate can require extra marketing and someone with connections in the industry will increase your chances of selling your home. When you’re looking for a real estate agent, be sure to ask some of your friends and neighbors who also have high-end properties. They may have some recommendations.

Pricing Luxury Homes

Pricing can make or break your sale. You’ll want to get the most profit possible for the property, but pricing it too high could be detrimental. The longer a house sits on the market, the harder it is to sell.

If you list it for too much, it’s likely to sit for a while. You will also deter a group of potential buyers. If your house is overpriced, some people won’t see it when they are searching, because it’s priced out of their range.

You also don’t want to price it too low and risk not getting the amount it’s worth. You and your realtor will need to do some research and make a plan for pricing it out.

Look around the area and see what other properties that are similar to yours are selling for. Pricing correctly from the beginning will help ensure a smoother and faster process.

Know When To List

There are times when you can’t wait to list your home. Jobs and family emergencies require us to move quickly sometimes. However, if you have the luxury of time, there are certain times that are better for listing a high-end property.

Typically, the summer months, May and June, are the best time to sell. The amount of days a home sits on the market is lower and many people are moving so you’ll be able to get more for your property. Your agent will also be able to advise you on market trends and tell you when the best time to list is.

Private Viewings vs Open Houses

Open houses are great for non-luxury properties. It allows the home to get a lot of exposure. Things are a little different for high-end properties.

Private viewings are beneficial for several reasons. They allow you to maintain your privacy. You won’t have a bunch of strangers coming in and out all day.

Another great thing about private showings is you won’t be wasting your time. If you open your home up to the public, you’ll likely have noisy neighbors stopping by, who aren’t actually interested in buying. With private showings, you know you won’t be wasting your time.

Luxury buyers will also like the privacy that a scheduled appointment will bring. It will show potential buyers that your property is exclusive, thus increasing their desire.

Consider Virtual Tours

The majority of buyers look online for a house first before contacting a realtor or looking in person. It’s crucial that you showcase your property online properly. That’s where people are going to have their first impression.

Luxury buyers aren’t always looking for their primary residence. They may be purchasing the property as a second home or an investment property.

If they live in another state, they may not want to fly in to see the property right away, or even at all. Some people prefer to purchase completely online.

Offering virtual tours, photos, and videos will appeal to some of your potential buyers. It’s a nice touch and could help you reach out-of-town clientele.

Marketing Tips

Marketing is so important. Without it, how will people know your property is for sale?

If you don’t know much about marketing, hiring a professional can be extremely helpful. They will have knowledge about where and how to advertise your property so it gets the most exposure.

A professional will know which designs and colors look best together and will know the most effective ways of advertising luxury homes. Someone who knows the industry will have connections and resources that you may not have.

Be sure to focus on graphic design, photography, and copywriting. You’ll also want your online content to be easy to navigate, find, and share.

Below are a few features that are popular in today’s market. If your home has any of these items, be sure to use them in your marketing.

  • Multi-care garage with a showroom or lifts
  • Outdoor living area
  • Eco-friendly appliances
  • Smart tech-automatic window shade, charging station, home theater

Hire a Professional Photographer

The iPhone does take some good photos these days, but they still don’t compare to a professional’s. When you’re selling a luxury home, you want it to look the best it possibly can.

Hiring someone who specializes in luxury home photography will make a big difference. They will know what angles to get and which lighting is best for each room.

Don’t be surprised if the photographer wants to take photos at different times during the day. A room can look very different in the morning than in the late afternoon.

You’re going to want your photographer to get quality photos, but don’t forget about quantity. Both are essential when it comes to highlighting luxury home features.

The photos should showcase what’s unique about the house. Think about the other homes in the area, what does your property have that they don’t?

Work With a Stager

A home stager can really help elevate your luxury home. They will be able to draw attention to your home’s best assets while putting the not-so-great features in the shadows.

When you’re looking for a realtor, consider if they have a background in staying or design. While staging alone won’t sell your home, it will make an impact.

They will likely decorate your home in a way that appeals to high-end buyers. This will help potential home buyers envision themselves there.

A stage will be able to create a look that doesn’t overwhelm the buyers and also doesn’t push one style too much. If privacy is a concern, be sure to remove personal items, such as pictures.

When you’re staging your home or having a professional do it, you don’t want too much emphasis on the furniture. It’s likely the pieces in the house aren’t staying there.

Try to put the focus on the home’s features. For example, the floor-to-ceiling windows, the open concept, or the recent upgrades.

Make Your Luxury Home a Brand

Making your home stand out against others is important, too. If there are a lot of luxury homes in your area for sale, you want people to recognize and remember yours.

Creating a brand isn’t as complicated as it sounds. You can create a logo or slogan to go along with your home. You’ll then be able to use that signature on material materials, online social media pages, and brochures.

This isn’t a must, but you may find it beneficial. If you’re a property investor, you could potentially use the logo later on for another house, too.

Tips For Selling a Luxury Home

When you’re selling a luxury home, it needs to be done right. Small mistakes like listing too high or a poor marketing strategy can take a chunk out of your profits. If your home doesn’t sell as fast as you thought it would, it can become a burden and a stressor.

If you’re considering selling your property, contact us. We have worked with many buyers and sellers and we are confident we can help you sell your luxury home.

Categories
Selling a Home

What to Look for When Buying a Luxury Home in Paradise Valley, AZ

Luxury homes. They are some of the best homes that the United States has to offer and you may try everything that you can think of to get your hands on one. 

In the United States, 8.2% of the homes in the real estate market were worth over $1 million in 2021. Perhaps this is a price range you feel comfortable buying a home with. 

If you are new to the luxury home market, you are probably wondering how to buy one in Paradise Valley, AZ. This guide should give you a good idea of what to look for. 

Research the Location 

Just like buying a normal home, you should consider what location you are looking to buy a home in. In this case, it is Paradise Valley, AZ. 

Let’s take a closer look at this location. According to the 2020 Census, the median home price in this town is over $1.6 million. That should give you an idea of how much money you will need and how much you are willing to spend. 

However, the price of the house should not be your only factor when it comes to location. If you have kids, how good is the school system? If you are older or in poor health, do you have close access to good doctors and hospitals? 

These are some things that you need to take into consideration. You may also want to look into what kind of people are you going to have as neighbors and residents of the same town. 

Does political allegiance matter to you? Does a diverse population matter to you? Do you want to be in a location that has more males or females? What about an area that has more families or people that are retired? 

Consider what you want when it comes to these questions and decide what matters most to you if anything. 

In Paradise Valley, about 30% of the people who live there are 65 and older. About 87% of the people who live there are white and nearly 19% of people who live there are 18 or younger. 

Another thing that may be good to know when it comes to Paradise Valley is that it has a decent veteran population. It makes up over 5% of the town’s population, so this area could be appealing to veterans. 

Know What You Want 

The next thing that you have to do is figure out what you want in a luxury home. There are all different types of designs and assets that can make a home be defined as luxurious. 

However, there are going to be things that you do not like or do not care about. In contrast, there will be things that you fall in love with, so you need to have an idea of what those things are. 

For example, let’s say that you are someone that demands to have a big backyard with an in-ground pool in it. That will be something that you look for and are willing to invest in compared to a place that has a below average backyard. 

You could also be someone that wants to have a great view of nature or close access to nature. Knowing that in advance can help you narrow down your choices when it comes to purchasing a luxury home. 

Create a Budget 

Along with knowing what you want, you also need to know how much you are willing to spend. You have to remember that this is a luxury and not a necessity. 

So, make sure you go over finances and reassure yourself that you can afford it. 

However, do not just factor in the price of the house. You need to prepare for future maintenance fees of the house, the added cost of utilities for a bigger home, the larger property taxes on a luxury home, and an emergency fund in case you have a rainy day. 

In other words, if you have nearly $2 million in your bank account, perhaps it is not the best idea to buy a home that costs $1.6 million. You have to decide how large of a percentage of your assets you feel comfortable putting into a house and then make sure that you can afford to do this. 

Negotiate 

While it is a luxury home, you still have wiggle room to negotiate in certain markets. Know what conditions could get someone more willing to negotiate and do not be afraid to put up a counteroffer. 

For example, let’s say that someone is looking to sell their house for $1.8 million. You do not want to spend more than $1.6 million. So, what you need to do here is feel out the market and see if it is something that can be priced down. 

However, if you are willing to spend $1.6 million in this situation, you do not want that to be your counteroffer. You need to leave yourself room to negotiate or maybe even get a surprise deal and spend less than anticipated. 

So, say you countered with an offer of $1.5 million. In this situation, the seller may counter you back and show you that they are willing to lower the price of the home. Then, you can go from there and work out a number that you both can agree to. 

There are pros and cons to this situation. The pro is that you are probably going to have to compete with fewer buyers since only a small percentage of the population has this kind of money. 

In the United States, there are about 22 million millionaires across the country. That is less than 10% of the population and that represents the entire country. Essentially, you have much fewer people with access to this home. 

The con is that your competition may have enough money where they see no reason they need to negotiate. 

Prepare for Cash Offers 

Do you know how a lot of people buy a mortgage in the United States? Well, when it comes to luxury homes, it is very unlikely that buyers are going to need to finance this type of home. 

A lot of people buying these types of homes already have the capital to pay for them. This is because it is a want rather than a need. 

What does that mean for you? It means that you need to prepare to have an offer in cash. This is why it is essential to make sure that you have the money to buy a house because, with these types of houses, you have an increased chance of losing the bid if you need financing. 

However, while that is typically the rule, do not think that it is gospel. It is possible to buy a luxury home with financing, especially if the seller meets certain criteria. 

Times when you may be able to do this are if the seller has no other buyers interested, no other buyer is making a high enough cash offer, or the seller simply wants to get rid of the house as quickly as possible. If your seller meets any of that criteria, they may be more willing to accept an offer on finance. 

However, knowing what the typical rule is for this market, try to make sure that you can make a cash offer if you have to. 

Photos Aren’t Everything 

Finally, you may look at a luxury home online and fall in love with it before you even see it for yourself. Try not to do this because professional photographers are very talented at what they do. 

This is not to insult them but rather to tell you that homes can look better than what they are through photos. Photographers can edit any negative imagery out of photos, they can take photos at certain angles to make the house look better, and you have more of a scripted setting in photos. 

What this means is that your eyes can play tricks on you and a house in real life may not turn out to be what it seems. So, keep an open mind until you see the house for yourself. 

Buy a Luxury Home in Paradise Valley, AZ 

These are just a few things that you should keep in mind when attempting to buy a luxury home in Paradise Valley, AZ. Keep in mind the average income and demographic of this area set a strict budget, and figure out what you want in a home. 

Do you want to buy a house? Message us today to get started. 

Categories
Selling a Home

14 Reasons to Move to Scottsdale, AZ

There’s a reason why nearly 250,000 people live in Scottsdale, AZ. This reasonably small community has always been a bit of a gem in the state of Arizona.

However, each year more people are discovering the beauty that it holds. If you’re considering moving to Arizona, there are a lot of reasons why you should consider Scottsdale.

In this article, we’ll go over fourteen compelling arguments for settling in this area. That way, you can decide whether Scottsdale, Arizona, is suitable for you and your family. Let’s get started!

1. Excellent Downtown Scene

An influx of new condos and urban apartments from a bustling economy has helped contribute to the vibrant downtown in Scottsdale. Those looking for exciting nightlife won’t be disappointed by the downtown offerings.

There are also a huge array of dining, art installations, and shopping options.

So, couples looking to enjoy an occasional day or night out will have no problem finding options.

Make sure to check out the Scottsdale Center for the Performing Arts to see the beautiful fountains. There are also some great restaurants found nearby. 

2. Abundant Sunshine

This fact is certainly true for almost all of Arizona. But it should come as no surprise that there is no shortage of sunshine in Scottsdale.

This makes it a great location for people that suffer from Seasonal Affective Disorder. Even in the winter, there are still warm and sunny days. So you can plan outdoor activities year-round.

Plus, all of the sun makes Scottsdale a great location for solar energy. If you’re considering installing a system on your new home, you’ll be sure to get your money’s worth here.

It’s true that the weather can sometimes get above one hundred degrees. But remember that it’s a dry heat, so it’s not as uncomfortable as it would be in more humid areas. 

3. Affordable Housing Market

When you compare housing prices in areas like Scottsdale to places in California, the difference is astronomical. It’s much more affordable to settle in an area like Scottsdale than in major urban cities.

That means you can get a bigger bang for your buck. In California, you might be able to buy a modest house. But, for that same price, you can have a luxury house in Scottsdale.

What’s more, Arizona enjoys lower taxes both for income and property. So, you can actually save money every year by living in Scottsdale. 

4. Great For Young Families

If you’re one of the forty million Americans that move every year, then your family is likely at the forefront of your mind. So, is Scottsdale a good place for families?

In the past, the city had a bit of a reputation as a good place for retirees. However, that’s rapidly changing. These days many young people are choosing to start families in Scottsdale and for a good reason.

First, the schools in Scottsdale are incredible. And, in-state higher education options like Arizona State University means there are always potential choices down the road.

Plus, there’s plenty for families to do. From local sporting leagues to entertainment options, it certainly won’t be challenging to fill your weekends. So, there is no shortage of reasons to live in Scottdale with your family. 

5. Fun Special Events

Special events in Scottsdale are often popular enough to bring all sorts of folks in from out of town. One example is the Barrett-Jackson Collector Car Auction that comes through every January.

You don’t need to be a car buyer to enjoy the huge range of vintage cars. It’s one of the best car events in the country. Plus, there’s the Phoenix Open for PGA Tour fans.

You don’t need to be a huge gold fan to enjoy the incredible music that’s played at this event.

And that’s not even mentioning the countless cultural and art events that happen every month. In Scottsdale, there’s truly something for everyone. 

6. Booming Art Scene 

There’s a reason why Scottsdale is currently considered one of the top art markets in the country. The rise of the downtown has caused an explosion of art.

Currently, there are more than seventy galleries you can visit, with more on the day. Whether you’re a casual art fan that wants to support a local artist or a serious collector, you shouldn’t have any trouble finding a piece that speaks to you.

If you want to get a taste of some modern art, you can also visit the Scottsdale Museum of Contemporary Art. 

7. Fantastic Golfing

We mentioned that there’s a PGA Tour stop in Scottsdale, so it should come as no surprise that it’s a bit of a golfer’s paradise. The wide open space and the year-round good weather mean you can play every day if you want to.

There are plenty of good clubs to choose from at every budget level. So, whether you want a luxury country club, or something more affordable, you’ll have plenty of options.

And if you’re a beginner, don’t be afraid to get involved. The golf community in the area is quite welcoming. 

8. Outdoor Environment For Exploring

When most people think of living in Arizona, they don’t picture water. But the Scottsdale canals that run through the area prove that wrong. The Indian Bend Wash Greenbelt is a great place to explore them fully.

And, of course, it wouldn’t be Arizona without a desert. The McDowell Sonoran Preserve gives you the opportunity to fully explore all the wildlife in the surrounding area. 

9. Fun Professional Sports

Not a golf fan? Don’t worry; there are plenty of other professional sports to enjoy in the area. If you want to see major league teams warm up before the season starts, you can visit Cactus League Spring Training.

Or, catch a minor league game at the Scottsdale Scorpions’ home stadium. If you’re an NFL fan, then Phoenix is a short drive away to catch the Cardinal’s games.

The same goes for basketball fans that want to catch a Suns game. Back in Scottsdale, you can also enjoy local soccer and hockey teams. 

10. Burgeoning Dining 

The influx of people coming to Scottsdale has helped promote an incredible food scene. In fact, there are currently nearly eight hundred restaurants found in the city.

It will take you a while to explore them all fully. But, if you’re new to Scottsdale and need a recommendation, consider checking out: 

  • Eddie V’s Prime Seafood
  • Cafe Monarch
  • Afternoon Tea
  • Goldwater Brewing Co.
  • Talavera

All of these locations offer incredible food and drink to enjoy. 

11. Bustling Business Climate

Those looking for job opportunities are sure to find them in Scottsdale. This is true for two reasons. First, there’s the proximity to the local airport, which makes it a good hub.

Second, the tech sector in Scottsdale is growing exponentially.

This is thanks, in part, to a partnership with ASU for the Scottsdale Innovation Center. However, many people consider Scottsdale a more affordable version of Silicon Valley. 

12. World-Class Parks

The Scottsdale Parks and Recreation department goes out of its way to create paths throughout the city for cyclists and walkers alike.

In fact, there are forty-five miles of paved paths and one hundred fifteen miles of trails to explore.

These paths work through multiple parks and lead into the heart of the city. So, no matter where you’re located, it won’t be hard to find one. 

13. Excellent Farmer’s Market

Those looking for organic, local fruits and vegetables are sure to find it at the Old Town Scottsdale Farmers Market. The farmer’s market takes place every Saturday from eight in the morning to one in the afternoon.

During Fall, you can find delicious seasonal offerings like apples and cider. Not to mention all of the delicious cheese, eggs, baked goods, jams, and meats you could ever want.

So, if you’re ready to support over one hundred local farmers, then learn more about the weekly event here

14. Safe Area to Live

If you’re worried about crime in Scottsdale, don’t be. The prevalence of suburbs in the areas helps keep crime rates consistently low.

Whether you’re a renter living alone or a family with kids, you can be confident that you’ll be safe at night. This is especially true when compared to urban areas with high crime rates. 

Thinking About Moving to Arizona? Contact Segovia Property Group

We hope this article helped convince your to move to Scottsdale, Arizona. If you’re ready to move to this bustling community, your next step is to find your dream home.

For this, look no further than the Segovia Property Group. We connect our clients to the best luxury homes found in Scottsdale.

That way, you can enjoy this great community in style. So, if you’re thinking about moving to Arizona, make sure to contact us today

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Selling a Home

The Benefits of Buying a Luxury Home in Scottsdale, AZ

If you love being near luxury golf courses, high-end shopping districts, and quaint old towns, then Scottsdale, AZ, is the place that you want to be.

Not only is it close to all of that, but you are also close to some of the country’s coolest National Parks and so many other outdoor places to explore.

The best part about it all is that Scottsdale is full of neighborhoods with luxury homes. Buying a luxury home will make your time living in Scottsdale feel even more like home – a place you never want to leave!

On top of that, there are many other benefits to moving to Scottsdale and living in a luxury home. Ready to find out what they are? Keep reading! 

Pleasant Ambiance 

One of the best reasons to move into a luxury home is because there is a pleasant ambiance about the home that makes it so much more relaxing than just a typical home.

Making your home feel like your ‘home’ is actually beneficial for your mental health. And because luxury homes already have a more pleasant feel to them and a relaxing ambiance, you will have less stress and enjoy your space more.

In addition to having a pleasant ambiance that benefits you in multiple ways, it will also be beneficial for any guests that you have come into your home. It makes a great impression, but it also makes them feel comfortable in your home.

Safety 

Most luxury homes come outfitted with a lot of safety features to keep you feeling safe and secure in your home.

Here are a few that your luxury home may have:

  • bullet-proof doors
  • digital locking system 
  • security sensors and cameras
  • secure vault
  • panic buttons

There are many other security features that may be on a luxury home as well. One of the biggest upgrades from a more traditional home is that a luxury home has a digital locking system.

These systems are typically safer as you can lock them from your phone, from a pin pad, and in other ways besides just having the key.

Additionally, if you forget something or need someone to get into your house for a specific reason, you can give them the digital key code to get in. With a normal key, you wouldn’t be able to do that.

Then, if it makes you feel safer, you can change the key combination so that you are the only one who knows it again!

Additional Amenities

When you live in a luxury home in Scottsdale, you will most likely have access to additional amenities that you wouldn’t have in another home or neighborhood. 

For instance, you may have access to a clubhouse that you can get into to work if you don’t want to work from home. You may even be able to go to a business center to print materials or make calls to separate work from home (especially in today’s post-COVID world).

If you don’t want to use that space for a meeting or to make calls for work, you could even consider hosting your next event in one of the banquet halls that may be available to you as part of the amenities! 

Some luxury neighborhoods also have access to a fitness center and a pool.

Location 

Typically you are not going to find a luxury home in a place that you would not want to be. And that’s exactly how it is with Scottsdale and the luxury homes there. There is so much to do in the area, so location really is everything with these homes!

While the luxury homes are in Scottsdale itself, you may even want to look further into it to find one of the best neighborhoods in Scottsdale where you feel comfortable and happy calling it home! 

It Will Continue to Appreciate

Just like any home, homes tend to appreciate over time. However, when you buy a luxury home, they are going to appreciate it more quickly as they stay ahead of the times with technology, decor, location, and so much more.

When it comes time to sell your beautiful home, you know that you will get more back than what you put in when you first got the home.

You Can Rent It Out

Not only does owning a luxury home pay off for you and what you get to experience, but you can also rent it out to others to use if you have a second home or decide to go on vacation.

You can charge a lot of money to rent out a luxury property since they are more luxurious and offer more than a traditional home.

You may even have bought this home as an investment property in the first place. If that’s the case, you will be sure to get a bang for your buck since you are renting a place that has everything a renter could possibly need.

More Privacy 

When you opt to purchase a home in a luxury neighborhood instead of a traditional neighborhood, you are most likely going to get more privacy at your new home.

This is because more luxurious and bigger homes are typically built further apart from one another so that each one has more land.

Not only are they further apart, but typically there are other forms of privacy that are built onto the property, like different types of landscaping, fencing, pergolas, and other structures, etc.

Community 

One of the best and biggest benefits of living in a luxury home in Scottsdale is knowing that you are part of a larger community that cares about the area and where they are living.

Residents who choose to live in a luxury community tend to take pride in where they live. This means that they are respectful of the neighborhood and the surrounding community members. To them, having this place is a privilege that they do not want to take for granted. 

Living around others with a similar mindset to you is also beneficial as it means you live in a place where others respect you and want to make sure you feel safe and comfortable just like them.

Endless Activities

One of the reasons for buying a luxury home in Scottsdale is that it is so close to so many different types of activities that you can be a part of. 

From great dining to amazing shopping and everything in between, Scottsdale has it all.

Luxury Shopping

If you are a shopaholic, then you will quite literally be in heaven in Scottsdale. 

If you enjoy shopping at malls, you can head to Scottsdale Fashion Square Mall to hit up many different stores in one day. There are several other popular malls in the area as well.

The Scottsdale Quarter is another popular shopping destination and one of Scottsdale’s busiest – for locals and tourists alike! The Shops at Hilton Village are also similar in style. They are outdoors and you can walk from one boutique to the next to find exactly what you are looking for (or just have fun browsing!).

Outdoor Activities

If you love spending time shopping and dining but love to mix in outdoor activities, you will have plenty to see and do.

For starters, you can check out Camelback Mountain for some fun hiking and beautiful views of the surrounding area from the summit. You can find many other hikes in the area as well – some of which are even dog-friendly if you have a furry pal!

If hiking isn’t your thing, you can try out a hot air balloon ride or go on a segway or jeep tour of the surrounding desert areas.

Let’s put it this way – you won’t be bored for the entire time living here!

Buying a Luxury Home in Scottsdale, AZ

Choosing to buy a luxury home in Scottsdale, AZ is one of the best decisions you could make as a homebuyer.

There are many benefits that come along with buying a luxury home, and even more benefits of buying one in the Scottsdale area! You’ll have the benefits of having plenty to do around the area, having a community, knowing you are safe and secure with advanced technology, and feeling overall happier with a luxury home ambiance.

Ready to buy? At Segovia Properties, we are here to help you find the home of your dreams. 

So what are you waiting for? Reach out to us today to get started!

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Uncategorized

The Ultimate Guide to Expensive Homes in Scottsdale, Arizona

Arizona real estate is hotter than it has ever been. From 2021 to 2022 alone, Arizona’s median home sale prices rose over 24%. Homes that once went for $325,000 saw the sale price hit $404,300.

Increasing demand, decreasing housing supply, and an uptick in real estate investments have driven prices up. Yet, many analysts believe the current market is a bubble that’s bound to pop soon.

That’s good news for you if you’re in the market for expensive homes in Scottsdale.

Arizona is home to some of the most beautiful and luxurious real estate markets in the country. And you may be able to scoop one up at a discount in the near future.

That’s why we’re bringing you this guide to the best neighborhoods for luxury homes in the Scottsdale area. Keep reading to find the home of your dreams.

Luxury Neighborhoods in Scottsdale, Arizona

If you know anything about real estate, you know location is everything. Scottsdale, AZ, is no different. The location where you buy your home will determine its price.

Depending on where you choose to live, you can find expensive homes with incredible views, the Grand Canyon State’s best golfing, and proximity to private parks and hiking trails.

Sound good? Then check out the most expensive zip codes where you’ll find the dream home you and all your friends won’t stop talking about.

Ancala (85259)

Ancala is an 850-acre gated community in northern Scottsdale. In 2020, the median home sale value for this neighborhood was $740,000. Ancala is the fourth most expensive zip code in Arizona and the third-most-expensive neighborhood in Scottsdale.

Homebuyers come to Ancala for the views. The area overlooks Camelback and the McDowell Mountains, which is perfect for outdoor lovers. But this area is also an excellent vantage point from which to see the Scottsdale city lights.

Homes in the area typically range in size from 3000 to 7000 square feet. Most homes are custom-built, and many feature on-premise casita homes for extended family or extra rental income.

Nearby, Ancala Park is the place to relax on the weekends. The park features grills for the adults and a play area, basketball court, and swing set for the kids.

If you and your family are more interested in golf, you’re in luck. The Ancala Country Club is nestled in the valley of the McDowell Mountains and features a par-72 course designed by Perry Dye.

Boulders (85266)

Boulders is another coveted neighborhood in North Scottsdale. Boulders’ median home sale value in 2020 was $799,000, making it the second priciest zip code in Scottsdale. The neighboring city of Carefree (85277) is also a great place to look, as this market had a median home sale value of $688k in 2020.

Homes in the gated community of Boulders are known for their southwestern-style architecture and unobstructed views of the Sonoran Desert. Some homes also feature views of the McDowell Mountains and the local golf courses.

That’s right— we said golf courses. There are two highly-rated courses at the semi-private Boulders Golf Club, the North Course, and the South Course. The former features a par 72 course, while the latter features a par 71 course, but both are designed by Jay Morrish.

People who enjoy the outdoors love Boulders. That’s because the city has designated more than 50% of the area for natural habitat.

DC Ranch (85255)

DC Ranch is a 4000-acre master-planned neighborhood just north of Scottsdale. The median home sale value for this area in 2020 was $720,000. This luxury zip code encompasses four different communities:

  • Silverleaf Village
  • Country Club Village
  • Desert Park Village
  • Desert Camp Village

Silverleaf is the most expensive area in DC ranch. It’s a gated community with a 24-hour guard for the ultimate privacy. Home lots range from half an acre to more than 10 acres of luxury living.

Country Club Village and Desert Park Village are also gated. They feature access to pocket parks, private clubs, and the Desert Camp Community Center. If security is a non-negotiable for you, steer clear of the middle-income Desert Camp Village because this area isn’t gated.

Golf enthusiasts will enjoy The Country Club at DC Ranch. This award-winning private club features an 18-hole course overlooking the McDowell Mountains. Tom Lehman and John Fought designed the course for golfers of all ages and levels.

Desert Mountain and Troon North (85262)

Desert Mountain and Troon North are both northern Scottsdale neighborhoods that take up the 85262 zip code. In 2020, this area had the second-highest median home sale price in all of Arizona and the highest median home sale price in Scottsdale at $915,000.

These communities take up over 8,300 acres of land. Views feature the Sonoran Desert and nearby mountains, with 15 miles of hiking trails that are exclusive to Desert Mountain residents.

Locals and tourists alike know this area as the state’s best golf community. It features seven Jack Nicklaus Signature courses: Apache, Chiricahua, Cochise, Geronimo, Outlaw, Renegade, and No.7.

Troon North is also home to the famous Four Seasons Resort Scottsdale. This 5-star getaway offers award-winning restaurants, tranquil spas, event spaces, and much more. 

Paradise Valley (85250 and 85253)

Paradise Valley is a renowned luxury community that’s only a few minutes north of Scottsdale. It isn’t technically part of the Scottsdale metro area, but this list just wouldn’t be complete without mentioning this town.

Paradise Valley boasts some of the most expensive homes in the nation, coming in with an over $1.5 million median sale price in 2020. It’s also the most expensive area in the Grand Canyon State.

This private town has everything you could want. It is home to eight award-winning resorts, a number of luxury gold courses, and the state’s best shopping.

This area is also where multiple celebrities call home. This includes Michael Phelps, former Vice President Dan Quayle, and the owner of the Cardinals, Michael Bidwill.

Paradise Valley is also known for its high-end real estate market. You’ll have to shell out over $1 million to get a home in this small city, but real estate prices can reach up to $30 million. Home sizes range from a few thousand square feet to nearly 20,000 square feet.

Buying a home in Paradise Valley is a great idea if you’re looking for the most upscale area around Scottsdale.

Paradise Valley Village (85254)

Do you love Paradise Valley but want something a tad bit more affordable and closer to the city? Paradise Valley Village may be the neighborhood you’re looking for.

Paradise Valley Village is a northern suburb of Scottsdale. In 2020, the area had a median home sale value of $540,000. That makes this neighborhood the most affordable on our list, though this area is still the sixth most-expensive community in Scottsdale.

Like the original Paradise Valley, this neighborhood is home to resorts and golf clubs. Stone Creek Golf Club and the Orange Tree Resort are great places to hang out if you live in the area. Shopping enthusiasts will also love the local Paradise Valley Mall, which features multiple luxury brands.

Lovers of the great outdoors will also have something to do in this neighborhood. The Scottsdale Greenbelt trail is local to this community.

Gainey Ranch (85258)

Located in Central Scottsdale, Gainey Ranch is a luxury neighborhood with an intriguing history. It used to be a ranch famed for its Arabian horses. The owner of the ranch— Daniel Gainey— is also this community’s namesake.

Despite its proximity to the city’s center, Gainey Ranch is home to some seriously expensive real estate. According to Neighborhood Scout, local homes go for a median price of just over $1 million.

Homes in this neighborhood feature views of water fountains, palm trees, and lush landscaping. At the same time, you’re only steps away from inner city attractions like the shops at Gainey Village and Old Town Scottsdale.

If you buy a home in this neighborhood, you’ll also automatically become part of the Daniel C. Gainey Estate Club. This community center sits inside Gainey’s former 1955 home. Amenities include a 25-meter lap pool, spa, tennis courts, a fitness center, and space for entertaining your guests.

McCormick Ranch (85261)

Another former home of an Arabian horse ranch, McCormick Ranch, used to be owned by Fowler and Anne McCormick. Today, the 4480-acre property has been transformed into a 67-subdivision, master-planned community.

Named one of the US’s Hottest Neighborhoods in 2021, this zip code’s median home sale price is $670,496. You’ll find custom homes with charming southwestern-style architecture in this area.

There’s also plenty to do in McCormick Ranch. This community sits sandwiched between Camelback Golf Club and the McCormick Ranch Golf Club. The latter club offers impressive views of the mountains and several tranquil lakes.

Because it’s so close to the city, homeowners have access to many different shops and restaurants. The area has a village-like feel, with a bakery or cafe on almost every corner.

A Selection of Luxury Listings in Scottsdale

Now that you’re familiar with the most expensive areas to buy a home in Scottsdale let’s talk about some real-life home listings. Below, we’ve compiled a few recent luxury listings in the neighborhoods we mentioned above.

E Wingspan Way, Silverleaf Village

This home sold for a record-breaking $24.1 million in 2020. The sprawling Spanish-style estate was built in 2005 and features eight bedrooms, more than ten bathrooms, and a garage that fits at least a dozen cars.

The more than 15,000 square foot property sits on 17 acres of lush greenery. The home offers panoramic views of the nearby McDowell Mountains and a birds-eye view of the city.

N 102nd Street, Desert Mountain

A modern estate in the desert, this home is in the most expensive neighborhood in Arizona. It sold for just over $10 million in 2020 and features 7,579 square feet of luxury living.

The home sits on nearly 10 acres of land abutting the Sonoran Desert. Views overlook the desert, the mountains, and the valley— a nature lover’s dream. The property itself is gated for the ultimate privacy and security.

N Yucca Road, Paradise Valley

This $20.9 million home features a whopping 28,000 square feet. The owner of the Phoenix Suns, Robert Sarver, bought the home in 2020. It has seven bedrooms, over 11 bathrooms, and a nine-car garage.

The home is nestled right beneath the mountains. Its Spanish-style stone exterior blends right in with the landscape. But the interior is anything but outdoorsy, featuring top-of-the-line finishes and custom detailing.

N 120th Street, Ancala

This Ancala showstopper sold for a modest $1.7 million earlier this year. The 3,598 square foot home offers the ultimate casual living, which is perfect for families and retirees. The home features three beds and three baths, plus space for three cars in the garage.

The main attraction of this property is that it sits on the 10th Fairway of the Ancala Country Club. Homeowners also enjoy unobstructed views of Camelback and the McDowell Mountains.

E Ironwood Road, Boulders-Carefree

The final listing we’ll talk about today is in the Boulders area of North Scottsdale. It’s a new construction home built by Bordeaux Homes. This modern-style house offers a reasonable 3,690 square feet of space, three bedrooms, and three bathrooms.

It has a three-car garage for all of your luxury vehicles. And the home overlooks the Black Mountain and the local gold course. You’ll also have access to a luxury pool that overlooks the city and offers the most incredible sunset views around.

More Expensive Homes in Arizona

Desert Mountain, Troon North, and Ancala are just a few of the best neighborhoods to find expensive homes in Scottsdale. You can also look in nearby Paradise Valley if you don’t mind a drive to the city.

Are you ready to find your Arizona dream home? Browse our luxury home listings in Scottsdale now!

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