NOT LISTED FOR SALE

8229 N 54th St Paradise Valley, AZ 85253

Estimated Value: $5,648,000 - $6,276,361

4 Beds
4.5 Baths
6,123 Sq Ft
$977/Sq Ft Est. Value

Last Sold May 04, 2023

Last sale price $6,750,000 $1,102 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $32,622/month

174 Days on Market

Highlights

  • Heated Spa
  • Solar Power System
  • Contemporary Architecture
  • Cherokee Elementary School Rated A
  • Mountain View
  • 2 Fireplaces

About This Home

As of May 2023

This Estate is a Work of Art with unmatched breathtaking views of multiple mountain ranges and valley lights. Warm & welcoming, this spacious modern masterpiece just completed, built on over an acre underwent a full down-to-the-studs renovation in 2022. Originally designed by Michael Shelor and built by Construction Zone in 1997, it exemplifies a synergy between architecture and nature through seamless indoor-outdoor connections. This new iteration exudes timeless luxury in complete harmony with this extraordinary Mummy Mountain site featuring mesmerizing views through floor to ceiling glass walls and strategically placed windows ... a perfect blend with nature and the surrounding desert beauty. Professionally installed landscaping & lighting of mature, native and sustainable specimens. The perfect home for pool & privacy lovers; set back from the road, up a gentle, wide driveway to large turnaround and parking court. A mountainside estate without the steep driveway!
Some of the details and materials used:
A limestone path leads to the custom fabricated steel rolled panel doors with the 18"x36" custom cut limestone carrying throughout the house, onto the courtyard and all patios.
Raked limestone fireplace wall in the living room, Flare fireplace; with custom rolled steel fireplace wall and hearth.
Primary Bedroom floor to ceiling glass, curved glass wall, custom electric drapes, private patio with doors to pool & spa.
Primary bath: separate vanities and water closets featuring toto toilets/bidets; oversized custom mirrors and heated towel rack. Large, walk-in well appointed custom closet.
Upper private guest room floor: two rooms, ensuite, both with natural walnut slat ceiling,.axis ceiling fans
Lower level; study/home office/guest quarters; media room and separate exercise room. Study features a custom designed rolled steel fireplace wall, Ortal fireplace and matching shelves; sliding glass door to private patio featuring enclosed garden area, plantings and turf.
Phylrich and Dornbracht faucets, towel bars, soap dispensers, & accessories throughout.
Hand picked pulls for each room; many are oversized throughout, featuring Edelman Leather braided handles and made to order custom frosted nickel handles
Custom cabinets throughout the kitchen, breakfast and great room; primary and all guest bathrooms. Kitchen and great room area include 63' running feet of White Oak, Rift cabinetry. Kitchen slabs are Quartzite Tiffany Classic from South America
Laundry room with custom cabinetry, wasabi stone, Electrolux washer and dryer
WOLF & SUBZERO & MIELE appliances
Wolf Counter range with 6 burners and grill, remote ceiling mounted Wolf exhaust fan and 2 wall ovens (1 steam); microwave oven drawer
Subzero 36' full size refrigerator, full freezer 24"; refrigerator drawers and 42 bottle capacity wine cooler
2 Miele Dishwashers
State-of-the Art smart Lutron lighting system and Sonos throughout; includes outdoor patio and pool area, lower garden area and front courtyard.
Security system and 8 cameras
New Central Vacuum System
Newly pebble surfaced Infinity pool and zero edge spa.
2 large format SAMSUNG NeoQLED 4K Smart TV : 85" lower media room, 65" in family room on remote lift.
1 43" SAMSUNG with Sonos beam tv sound bar in exercise room
Pentair intelliCenter pool, spa control load center with wireless remote and transceiver
Newly coated garage floor - Diamond Effect-Santana Gold Tumbleweed Polypropylene finish

Last Agent to Sell the Property

Kelly Michael

KOR Properties License #BR664738000 Listed on: 10/13/2022

Last Buyer's Agent

Randy Hinkle

Fathom Realty Elite License #SA511635000

Fathom Realty Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,350

Year Built

  • Built in 1997

Lot Details

  • 1.07 Acre Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard

Parking

  • 4 Car Garage
  • Garage ceiling height seven feet or more
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 6,123 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Tinted Windows
  • Solar Screens
  • Mountain Views
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Kitchen Updated in 2022
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Floors Updated in 2022
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom Updated in 2022
  • 4.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bidet

Home Security

  • Security System Owned
  • Smart Home

Pool

  • Pool Updated in 2022
  • Heated Spa
  • Heated Pool

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Built-In Barbecue

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Wiring Updated in 2022
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Roll-in Shower
  • Solar Power System

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Construction Zone
  • Turquoise Hills Subdivision

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 168-65-030

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,350

Year Built

Built in 1997

Lot Details

0

Parking

4

Listing Details

  • Cross Street: 54th St & Royal Palm
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Community Facilities District: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: Y
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2022
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2022
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2022
  • Updated Pool: Full
  • Items Updated Pool Yr Updated: 2022
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2022
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1997
  • Spa Private: Yes
  • Tax Year: 2022
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.07
  • Subdivision Name: TURQUOISE HILLS
  • Architectural Style: Contemporary
  • Efficiency: Solar Panels
  • Property Attached Yn: No
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Technology:Smart Home: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Finished
  • Flooring: Stone, Tile
  • Basement YN: Yes
  • Possible Use: None
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop
  • Accessibility Features: Bath Roll-In Shower
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: 2 Fireplace, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Smart Home, Double Vanity, 9+ Flat Ceilings, Central Vacuum, Kitchen Island, Pantry, Bidet
  • Living Area: 6123.0
  • Stories: 3
  • Window Features: Skylight(s), Solar Screens, Dual Pane, Tinted Windows
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Media Room: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • Basement Description:Walkout: Yes
  • Basement Description:Finished2: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Balcony, Private Yard, Built-in Barbecue
  • Lot Features: Desert Back, Desert Front, Natural Desert Back, Auto Timer H2O Front, Natural Desert Front, Auto Timer H2O Back, Irrigation Front, Irrigation Back
  • Pool Features: Heated
  • Pool Private: Yes
  • View: City Light View(s), Mountain(s)
  • Disclosures: None
  • Construction Type: Stucco, Steel Frame, Painted, Block
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Built-Up
  • 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:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Garage Door Opener, Attch'd Gar Cabinets, Over Height Garage
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Over Height Garage: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • 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: 46761.0
  • Parcel #: 168-65-030

Building Info

  • Builder Name: Construction Zone

Tax Info

  • Tax Annual Amount: 9350.0
  • Tax Book Number: 168.00
  • Tax Lot: 37
  • Tax Map Number: 65.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
May 4, 2023
Sold by
Design Forum Llc
Bought by
Block Michael K and Block Olga V
Seller's Agent
Kelly Michael
KOR Properties
Buyer's Agent
Randy Hinkle
Fathom Realty Elite
List Price
$6,988,000
Sold Price
$6,750,000
Premium/Discount to List
-$238,000
-3.41%
Views
134
Current Estimated Value
$5,983,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$766,546
Avg. Annual Appreciation
-4.84%

Purchase Details

Listed on
Mar 2, 2021
Closed on
Apr 2, 2021
Sold by
Peoples Family 1996 Revocable Living Tru and Peoples Christopher J
Bought by
Peoples Christopher J and Peoples Carrie J
Seller's Agent
Mary Thayse
Equity Arizona Real Estate
Buyer's Agent
Kelly Michael
KOR Properties
List Price
$3,000,000
Sold Price
$2,863,000
Premium/Discount to List
-$137,000
-4.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.34%

Purchase Details

Listed on
Mar 2, 2021
Closed on
Mar 15, 2021
Sold by
Peoples Christopher J and Peoples Carrie J
Bought by
Design Forum Llc
Seller's Agent
Mary Thayse
Equity Arizona Real Estate
Buyer's Agent
Kelly Michael
KOR Properties
List Price
$3,000,000
Sold Price
$2,863,000
Premium/Discount to List
-$137,000
-4.57%

Purchase Details

Closed on
Dec 4, 2011
Sold by
Wallace Aaron
Bought by
Peoples Christopher J and Peoples Carrie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
4.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 8, 2007
Sold by
Wallace Kenneth A
Bought by
Wallace Aaron and Kenneth A Wallace Qualified Personal Res

Purchase Details

Closed on
Jan 16, 2007
Sold by
Wallace Kenneth A
Bought by
Wallace Kenneth A and Kenneth A Wallace Family Trust

Purchase Details

Closed on
Jul 6, 2006
Sold by
Wallace Kenneth A and Wallace Rebecca M
Bought by
Wallace Kenneth A

Purchase Details

Closed on
Sep 20, 2004
Sold by
Wallace Kenneth A and Wallace Rebecca M
Bought by
Wallace Kenneth A and Wallace Rebecca M

Purchase Details

Closed on
May 20, 1996
Sold by
Blackhawk Inc
Bought by
Wallace Kenneth A and Wallace Rebecca M
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
Block Michael K $6,750,000 American Title Service Agency
Peoples Christopher J -- Lawyers Title
Design Forum Llc $2,863,000 Lawyers Title Of Arizona Inc
Peoples Christopher J $1,600,000 Title Security Agency Of Pin
Wallace Aaron -- None Available
Wallace Kenneth A -- None Available
Wallace Kenneth A -- None Available
Wallace Kenneth A -- None Available
Wallace Kenneth A -- --
Wallace Kenneth A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peoples Christopher J $1,350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2023 05/04/23 Sold $6,750,000 -3.4% $1,102 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $6,988,000 +3.5% $1,141 / Sq Ft
02/14/2023 02/14/23 Off Market $6,750,000 -- --
09/16/2022 09/16/22 For Sale $6,988,000 +144.1% $1,141 / Sq Ft
04/07/2021 04/07/21 Sold $2,863,000 -4.6% $423 / Sq Ft View Prior Sale
03/02/2021 03/02/21 For Sale $3,000,000 -- $443 / 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 $9,283 $168,119 -- --
2024 $9,147 $139,305 -- --
2023 $9,147 $241,220 $48,240 $192,980
2022 $9,350 $186,020 $37,200 $148,820
2021 $9,939 $180,900 $36,180 $144,720
2020 $9,876 $179,870 $35,970 $143,900
2019 $9,535 $179,830 $35,960 $143,870
2018 $9,181 $163,670 $32,730 $130,940
2017 $10,299 $136,120 $27,220 $108,900
2016 $10,084 $132,830 $26,560 $106,270
2015 $9,568 $132,830 $26,560 $106,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6464880

Arizona Regional Multiple Listing Service (ARMLS)

APN: 168-65-030