$10,361,000
SOLD APR 21, 2025

5241 E Palo Verde Dr Paradise Valley, AZ 85253

5 Beds
7 Baths
8,542 Sq Ft
1.22 Acres

Recently Sold

$1,213 Per Sq Ft

6% Above List Price

Highlights

  • Guest House
  • Heated Spa
  • Mountain View
  • Kiva Elementary School Rated A
  • Gated Parking
  • Fireplace in Primary Bedroom

About This Home

As of April 2025

Perched at the base of Camelback Mountain, this extraordinary luxury estate offers breathtaking views and an unbeatable location. The main residence spans two levels, featuring a sophisticated living room and a gourmet kitchen designed for both functionality and style. The lower level boasts four spacious bedrooms, including a stunning primary suite, plus a private theater room for ultimate relaxation. A serene courtyard with a sparkling pool provides a picturesque retreat framed by mountain vistas. An additional building offers a refined entertaining space with a caterer's kitchen and a private guest suite. With its dramatic stone facade and exceptional design, this home is a true statement of luxury.

Last Agent to Sell the Property

Mark Thomas

Russ Lyon Sotheby's International Realty License #SA695318000 Listed on: 02/27/2025

Russ Lyon Sotheby's International Realty

Co-Listed By

Shawna Perkins

Russ Lyon Sotheby's International Realty License #SA687890000

Last Buyer's Agent

Tim Hundelt

Russ Lyon Sotheby's International Realty License #SA553679000

Russ Lyon Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,581

Year Built

  • Built in 2015

Lot Details

  • 1.22 Acre Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Front Yard Sprinklers
  • Private Yard

Parking

  • 4 Car Garage
  • Garage Door Opener
  • Gated Parking

Home Design

  • Designed by David Dick Architects
  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 8,542 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Mechanical Sun Shade
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • 7 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Home Security

  • Security System Owned
  • Smart Home

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace
  • Built-In Barbecue

Additional Homes

  • Guest House

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Saguaro High School

Utilities

  • Central Air
  • Heating unit installed on the ceiling
  • Heating System Uses Natural Gas
  • Water Purifier
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Tiara Sun
  • Stone Canyon Subdivision

Listing and Financial Details

  • Legal Lot and Block 17 / 017
  • Assessor Parcel Number 172-47-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,581

Year Built

Built in 2015

Lot Details

0

Parking

4

Listing Details

  • Cross Street: E. McDonald Drive & E Palo Verde
  • Legal Info Range: 2N-4E-17
  • Property Type: Residential
  • Ownership: Fee Simple
  • Architect Architect: David Dick
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2015
  • Spa Private: Yes
  • Tax Year: 2024
  • Directions: From Scottsdale Rd take E. McDonald Drive to E Palo Verde and turn left. House on right side.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.22
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: Stone Canyon
  • Property Attached Yn: No
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Technology:High Speed Internet: Yes
  • Technology:Smart Home: Yes
  • Special Features: None

Interior Features

  • Flooring: Stone, Tile, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: Heated, Private
  • Appliances: Water Purifier
  • Possible Bedrooms: 6
  • Total Bedrooms: 5
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Family Room, Living Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Smart Home, Granite Counters, Double Vanity, Master Downstairs, Breakfast Bar, 9+ Flat Ceilings, Elevator, Vaulted Ceiling(s), Kitchen Island, Separate Shwr & Tub
  • Living Area: 8542.0
  • Stories: 2
  • Window Features: Dual Pane, Mechanical Sun Shds
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Media Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Private Yard, Built-in Barbecue
  • Lot Features: Sprinklers In Front, Desert Front, Natural Desert Back
  • Pool Features: Heated, Private
  • View: City Light View(s), Mountain(s)
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Steel Frame, Wood Frame, Stone, Block
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Construction:Frame - Metal: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Separate Guest House: Yes
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Gated, Garage Door Opener, Direct Access, Attch'd Gar Cabinets, Detached
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Detached: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Gated2: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas, Ceiling
  • Security: Fire Sprinkler System, Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Kiva Elementary School
  • High School: Saguaro High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 53239.0
  • Parcel #: 172-47-017

Building Info

  • Builder Name: Tiara Sun

Tax Info

  • Tax Annual Amount: 21581.0
  • Tax Block: 017
  • Tax Book Number: 172.00
  • Tax Lot: 17
  • Tax Map Number: 47.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2023
Sold by
Patel Maitray and Patel Indu
Bought by
Kashani Trust and Patel
Current Estimated Value
$9,075,909

Purchase Details

Listed on
Oct 26, 2011
Closed on
Jan 6, 2012
Sold by
Bisch Suzanne
Bought by
Patel Maitray and Gupta Indu
Seller's Agent
Bobby Lieb
HomeSmart
Buyer's Agent
Bobby Lieb
HomeSmart
List Price
$795,000
Sold Price
$760,000
Premium/Discount to List
-$35,000
-4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2003
Sold by
Bisch Craig W and Bisch Suzanne
Bought by
Bisch Craig W and Bisch Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2000
Sold by
Bisch Craig W and Bisch Suzanne
Bought by
Bisch Craig W and Bisch Suzanne

Purchase Details

Closed on
Jan 13, 1999
Sold by
Bisch Suzanne
Bought by
Bisch Craig W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.63%

Purchase Details

Closed on
Dec 22, 1995
Sold by
Rittmaster Greg
Bought by
Bisch Craig W and Bisch Suzanne
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $760,000 Title Management Agency Of A
Interfamily Deed Transfer -- First Financial Title Agency
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Grand Canyon Title Agency In
Joint Tenancy Deed -- Fidelity Title
Quit Claim Deed -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,701,800 New Conventional
Previous Owner $2,768,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $450,000 Unknown
Previous Owner $3,150,000 Construction
Previous Owner $500,000 New Conventional
Previous Owner $200,000 Credit Line Revolving
Previous Owner $455,000 Purchase Money Mortgage
Previous Owner $240,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 Sold $10,361,000 +5.7% $1,213 / Sq Ft
02/27/2025 02/27/25 For Sale $9,800,000 +1189.5% $1,147 / Sq Ft
02/26/2025 02/26/25 Pending -- -- --
01/09/2012 01/09/12 Sold $760,000 -4.8% $412 / Sq Ft
11/14/2011 11/14/11 Pending -- -- --
10/26/2011 10/26/11 Price Changed $798,000 +0.4% $432 / Sq Ft
10/25/2011 10/25/11 For Sale $795,000 -- $431 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,581 $377,305 -- --
2024 $21,275 $359,338 -- --
2023 $21,275 $537,870 $107,570 $430,300
2022 $20,384 $404,680 $80,930 $323,750
2021 $21,707 $391,000 $78,200 $312,800
2020 $21,564 $415,680 $83,130 $332,550
2019 $20,798 $416,160 $83,230 $332,930
2018 $20,004 $367,620 $73,520 $294,100
2017 $19,794 $340,500 $68,100 $272,400
2016 $14,817 $244,670 $48,930 $195,740
2015 $4,901 $74,020 $14,800 $59,220
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Mark Thomas

    Russ Lyon Sotheby's International Realty

    (480) 287-5200

    1 in this area

    19 Total Sales

    Mark Thomas
    Section Image
  • Shawna Perkins

    Seller Co-Listing Agent in 2025

    Shawna Perkins

    Russ Lyon Sotheby's International Realty

    (480) 795-0128

    1 in this area

    30 Total Sales

    Shawna Perkins
    Section Image
  • Tim Hundelt

    Buyer's Agent in 2025

    Tim Hundelt

    Russ Lyon Sotheby's International Realty

    (602) 502-3958

    22 in this area

    44 Total Sales

    Tim Hundelt
    Section Image

  • B

    Seller's Agent in 2012

    Bobby Lieb

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6824421

Arizona Regional Multiple Listing Service (ARMLS)

APN: 172-47-017

Arizona Maricopa County Paradise Valley 85253

5241 E Palo Verde Dr, Paradise Valley, AZ

This home is located at 5241 E Palo Verde Dr, Paradise Valley, AZ 85253 and is currently priced at $10,361,000, approximately $1,212 per square foot. This property was built in 2015. 5241 E Palo Verde Dr is a home located in Maricopa County with nearby schools including Kiva Elementary School, Mohave Middle School, and Saguaro High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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