NOT LISTED FOR SALE

5724 E Mockingbird Ln Paradise Valley, AZ 85253

Estimated Value: $7,596,000 - $8,813,000

8 Beds
12 Baths
15,516 Sq Ft
$529/Sq Ft Est. Value

Last Sold August 28, 2024

Last sale price $32,388,888 $2,087 Per Sq Ft

Current estimated payment $45,514/month

37 Days on Market

Highlights

  • Guest House
  • Horses Allowed On Property
  • Heated Pool
  • Cherokee Elementary School Rated A
  • Tennis Courts
  • 4.93 Acre Lot

About This Home

As of August 2024

Arizona's most expensive home ever sold built by Luxury Living Homes and co-developed by Stately Development. This residence embodies stately real estate. This estate sets the new Arizona record in many categories: Most expensive home ever sold in the state of Arizona. Most expensive pre-sale ever sold in Arizona. Most expensive residential spec home ever sold in Arizona. Most expensive $ per foot record ever sold for residential new construction in Arizona.
Most expensive $ per foot record ever sold for residential in Paradise Valley, Arizona and the most expensive estate ever double sided in Arizona.

Last Agent to Sell the Property

Josh Peters

Realty ONE Group Brokerage Phone: 480-788-7556 License #SA640957000 Listed on: 12/31/2023

Realty ONE Group

Co-Listed By

Monroe Zuber

Realty ONE Group Brokerage Phone: 480-788-7556 License #SA678963000

Last Buyer's Agent

Joshua Peters

Compass License #SA640957000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,361

Year Built

  • Built in 2024 | Under Construction

Lot Details

  • 4.93 Acre Lot
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

Parking

  • 11 Car Direct Access Garage
  • 12 Open Parking Spaces
  • Circular Driveway

Home Design

  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 15,516 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • 3 Fireplaces
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 12 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Pool

  • Heated Pool
  • Heated Spa

Outdoor Features

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

Schools

  • Cherokee Elementary School
  • Cocopah Middle School
  • Chaparral High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Guest House
  • Horses Allowed On Property

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 168-64-004

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • Built by Luxury Living Homes
  • Mummy Mountain Estates 1 8 Trs A & B Subdivision, Stately Collection Floorplan

Recreation

  • Sport Court
  • Handball Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,361

Year Built

Built in 2024 | Under Construction

Lot Details

0

Parking

11

Listing Details

  • Cross Street: 56th St & Mockingbird Lane
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 12.0
  • Parking Spaces Total Covered Spaces: 11.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2024
  • Spa Private: Yes
  • Tax Year: 2023
  • Directions: From Tatum, take Doubletree Ranch Rd then East to 56th St. North to Mockingbird Lane and then East to the property.
  • Master Model: Stately Collection
  • Attribution Contact: 480-788-7556
  • Property Sub Type: Single Family Residence
  • Horses: Yes
  • Lot Size Acres: 4.93
  • Co List Office Mls Id: reog08
  • Co List Office Phone: 602-953-4000
  • Subdivision Name: MUMMY MOUNTAIN ESTATES 1-8 TRS A & B
  • New Construction: No
  • Property Attached Yn: No
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Special Features: NewHome

Interior Features

  • Basement YN: No
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop
  • Possible Bedrooms: 10
  • Total Bedrooms: 8
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Living Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: Double Vanity, Breakfast Bar, Kitchen Island, Pantry, 2 Master Baths, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 15516.0
  • Stories: 1
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Hand/Racquetball Cts, Sport Court(s), Tennis Court(s), Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Grass Front, Grass Back
  • Pool Features: Heated, Private
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Block
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • Property Condition: Under Construction
  • Roof: Tile
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:Sport Court(s): Yes
  • Construction Status:Under Construction: Yes
  • Exterior Features:Tennis Court(s): Yes
  • Exterior Features:HandRacquetball Cts: Yes
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: Direct Access, Circular Driveway
  • Attached Garage: No
  • Garage Spaces: 11.0
  • Open Parking Spaces: 12.0
  • Parking Features:Direct Access: Yes
  • Parking Features:Circular Drive: Yes

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: 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: Cherokee Elementary School
  • High School: Chaparral High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Cocopah Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 214597.0
  • Parcel #: 168-64-004

Building Info

  • Builder Name: Luxury Living Homes

Tax Info

  • Tax Annual Amount: 14361.0
  • Tax Book Number: 168.00
  • Tax Lot: 2
  • Tax Map Number: 64.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2023
Closed on
Aug 27, 2024
Sold by
Williams Amanda and Williams Vance
Bought by
Matson Melissa and Matson Mark
Seller's Agent
Josh Peters
Realty ONE Group
Buyer's Agent
Josh Peters
Realty ONE Group
List Price
$29,888,888
Sold Price
$32,388,888
Premium/Discount to List
$2,500,000
8.36%
Views
207
Current Estimated Value
$8,204,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,184,388
Avg. Annual Appreciation
-71.30%
Original Mortgage
$19,102,300
Outstanding Balance
$18,904,107
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
-$10,699,607

Purchase Details

Closed on
Dec 7, 2022
Sold by
Sterling Equity Alternative Fund Iv
Bought by
Williams Amanda and Williams Vance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,626,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2021
Sold by
Williams Amanda and Williams Vance
Bought by
Sterling Equity Alternative Fund Iv

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 23, 2020
Closed on
Oct 29, 2020
Sold by
Ryan Edward Thomas and Ryan Barbara H
Bought by
Norton Robert E and Norton Amy Elizabeth
Seller's Agent
James Wexler
Jason Mitchell Real Estate
Buyer's Agent
Josh Peters
Realty ONE Group
List Price
$3,600,000
Sold Price
$3,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.19%
Original Mortgage
$2,880,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2001
Sold by
Ryan Edward Thomas and Ryan Barbara Lee
Bought by
Ryan Edward Thomas and Ryan Barbara H
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Matson Melissa $32,388,888 Premier Title Agency
Williams Amanda -- Clear Title
Sterling Equity Alternative Fund Iv -- Accommodation
Williams Amanda $5,000,000 Premier Title Agency
Norton Robert E $3,600,000 Premier Title Agency
Ryan Edward Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matson Melissa $19,102,300
Previous Owner Williams Amanda $7,626,000
Previous Owner Williams Amanda $4,000,000
Previous Owner Norton Robert E $2,880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2024 08/28/24 Sold $32,388,888 +8.4% $2,087 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
01/01/2024 01/01/24 For Sale $29,888,888 +730.2% $1,926 / Sq Ft
10/30/2020 10/30/20 Sold $3,600,000 0.0% $843 / Sq Ft View Prior Sale
05/23/2020 05/23/20 For Sale $3,600,000 -- $843 / 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 $22,129 $376,430 -- --
2024 $14,361 $358,505 -- --
2023 $14,361 $365,560 $73,110 $292,450
2022 $13,776 $259,500 $51,900 $207,600
2021 $14,044 $203,780 $40,750 $163,030
2020 $14,324 $199,060 $39,810 $159,250
2019 $15,313 $209,370 $41,870 $167,500
2018 $16,047 $218,510 $43,700 $174,810
2017 $15,392 $206,330 $41,260 $165,070
2016 $16,338 $212,570 $42,510 $170,060
2015 $16,274 $212,570 $42,510 $170,060
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Josh Peters

    Realty One Group

    (480) 788-7556

    61 in this area

    139 Total Sales

    Josh Peters
    Section Image
  • Monroe Zuber

    Seller Co-Listing Agent in 2024

    Monroe Zuber

    Realty One Group

    (480) 559-1711

    22 in this area

    60 Total Sales

    Monroe Zuber
    Section Image

  • J

    Buyer's Agent in 2024

    Joshua Peters

    Compass

  • James Wexler

    Seller's Agent in 2020

    James Wexler

    Jason Mitchell Real Estate

    (480) 289-6818

    8 in this area

    389 Total Sales

    James Wexler
    Section Image

  • K

    Seller Co-Listing Agent in 2020

    Kellen Britt

    Fathom Realty

    (480) 298-0133

    2 in this area

    68 Total Sales

    Kellen Britt
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6644575

Arizona Regional Multiple Listing Service (ARMLS)

APN: 168-64-004

Arizona Maricopa County Paradise Valley 85253

5724 E Mockingbird Ln, Paradise Valley, AZ

This home is located at 5724 E Mockingbird Ln, Paradise Valley, AZ 85253 since 31 December 2023 and is currently estimated at $8,204,500, approximately $528 per square foot. This property was built in 2024. 5724 E Mockingbird Ln is a home located in Maricopa County with nearby schools including Cherokee Elementary School, Cocopah Middle School, and Chaparral 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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