$5,000,000
SOLD JUN 15, 2021
5 Beds
7 Baths
6,020 Sq Ft
0.35 Acres

Recently Sold

$831 Per Sq Ft

8% Below List Price

129 Days on Market

Highlights

  • Gated with Attendant
  • Private Pool
  • Mountain View
  • Kiva Elementary School Rated A
  • 0.35 Acre Lot
  • Vaulted Ceiling

About This Home

As of June 2021

Now is your chance to immediately get into Azure, Paradise Valley. Ready for Immediate move-in!! The latest Luxury New Home Development on the NW Parcel of the new Ritz-Carlton, has been ''Inspired by Paradise'' and the community does not disappoint. This is a rare opportunity to own, and immediately move into, a Residence 4 with an oversized walk-out lower level, something you won't find anywhere else in the community because of the lot location and dimensions. From the Gaggenau Appliances, Sliding Glass Walls, Interior Elevator & Wine Storage to the Dekko Light Fixtures, 2 Detached Guest Quarters & Multiple Outdoor Entertaining areas, this home has everything you desire and is ready for immediate move-in

Last Agent to Sell the Property

Vincent Clark

VCRE License #BR629706000 Listed on: 01/28/2021

Co-Listed By

Christina Law

VCRE License #BR545632000

Last Buyer's Agent

Jay Pennypacker

The Noble Agency License #SA629903000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,394

Year Built

  • Built in 2020

Lot Details

  • 0.35 Acre Lot
  • Block Wall Fence
  • Artificial Turf
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard

HOA Fees

  • $850 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Tandem Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 6,020 Sq Ft Home
  • 1-Story Property
  • Elevator
  • Wet Bar
  • Vaulted Ceiling
  • Low Emissivity Windows
  • Living Room with Fireplace
  • Mountain Views
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 7 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Private Pool
  • Covered Patio or Porch
  • Fire Pit
  • Built-In Barbecue

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 174-58-202

Community Details

Overview

  • Association fees include ground maintenance, front yard maint
  • Azure Association
  • Built by Shea Homes Arizona LP
  • Ritz Carlton Parcel B Subdivision

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,394

Year Built

Built in 2020

Lot Details

0

HOA Fees

$850 per month

Parking

3

Listing Details

  • Cross Street: Indian Bend & Scottsdale
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 850.0
  • Basement: Y
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2020
  • Tax Year: 2020
  • Directions: From Scottsdale Rd., West on Indian Bend. South (Left) on Palmeraie to the guarded entry for Azure on the right. After gate, turn right and follow the curve to the left. Home will be on the right.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.35
  • Co List Office Mls Id: maon001
  • Co List Office Phone: 602-684-9355
  • Subdivision Name: RITZ-CARLTON PARCEL B
  • New Construction: No
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 850.0
  • Windows:Low-E: Yes
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Finished
  • Flooring: Carpet, Tile, Wood
  • Basement YN: Yes
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Possible Bedrooms: 6
  • Total Bedrooms: 5
  • Fireplace Features: Fire Pit, 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Double Vanity, Eat-in Kitchen, Elevator, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 6020.0
  • Stories: 1
  • Window Features: Low-Emissivity Windows
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Guarded Entry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Community Features:On-Site Guard: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • Basement Description:Walkout: Yes
  • Basement Description:Finished2: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Fireplace Features:Fire Pit: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Synthetic Grass Frnt, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Property Condition: Complete Spec Home
  • Roof: Tile, Foam
  • Construction:Frame - Wood: 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
  • Construction Status:Complete Spec Home: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Tandem Garage, Garage Door Opener, Extended Length Garage, Direct Access
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 2.0
  • Parking Features:Tandem Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Extended Length Garage: Yes

Utilities

  • Cooling: Central Air, ENERGY STAR Qualified Equipment, Programmable Thmstat
  • Heating: ENERGY STAR Qualified Equipment, Natural Gas
  • Security: Fire Sprinkler System, Security Guard
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • Heating:ENERGY STAR Qualified Equipment2: Yes

Condo/Co-op/Association

  • Community Features: Gated, Guarded Entry
  • Association Fee: 850.0
  • Association Fee Frequency: Monthly
  • Association Name: Azure
  • Phone: AAM, LLC
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Azure
  • Association Fees:HOA Telephone4: AAM, LLC
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fee Incl:Front Yard Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Front Yard Maint

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: 15055.0
  • Parcel #: 174-58-202

Building Info

  • Builder Name: Shea Homes Arizona LP

Tax Info

  • Tax Annual Amount: 3394.0
  • Tax Book Number: 174.00
  • Tax Lot: 26
  • Tax Map Number: 58.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Jun 11, 2021
Sold by
Megumi Llc
Bought by
Klein Mary Patricia and Pacino Steven C
Seller's Agent
Vincent Clark
VCRE
Buyer's Agent
Jay Pennypacker
The Noble Agency
List Price
$5,450,000
Sold Price
$5,000,000
Premium/Discount to List
-$450,000
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%

Purchase Details

Closed on
Jul 23, 2019
Sold by
Shea Homes Arizona Limited Partnership
Bought by
Megumi Llc
Source: Public Records

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Range of Values:

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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 $5,000,000 Arizona Premier Title Llc
Special Warranty Deed $930,000 Fidelity Natl Ttl Agcy Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 New Conventional
Closed $0 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 Price Changed $5,500,000 -7.6% $859 / Sq Ft
03/04/2025 03/04/25 Price Changed $5,950,000 -4.8% $929 / Sq Ft
11/27/2024 11/27/24 For Sale $6,250,000 +25.0% $976 / Sq Ft
06/15/2021 06/15/21 Sold $5,000,000 +0.1% $831 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/27/2021 05/27/21 Price Changed $4,995,000 -8.3% $830 / Sq Ft
05/17/2021 05/17/21 For Sale $5,450,000 0.0% $905 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
04/26/2021 04/26/21 Price Changed $5,450,000 -2.7% $905 / Sq Ft
03/02/2021 03/02/21 Price Changed $5,600,000 -4.3% $930 / Sq Ft
01/19/2021 01/19/21 For Sale $5,850,000 -- $972 / 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 $12,565 $201,487 -- --
2024 $12,082 $191,892 -- --
2023 $12,082 $297,720 $59,540 $238,180
2022 $11,672 $242,060 $48,410 $193,650
2021 $12,014 $243,770 $48,750 $195,020
2020 $3,394 $72,690 $72,690 $0
2019 $3,281 $70,230 $70,230 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6182903

Arizona Regional Multiple Listing Service (ARMLS)

APN: 174-58-202