PARADISE VALLEY, AZ, USA- In a landmark transaction, a five-acre homesite at 5711 N Yucca Road in Paradise Valley has closed at $12.5 million, setting a new record as the highest price ever paid for a homesite in Arizona. The previous record, also held by this property, was established just two years ago when it sold for $9.4 million. This significant leap highlights the property’s exclusive appeal andjyParadise Valley’s central role in Arizona’s luxury real estate market.
Nestled within Paradise Valley’s elite “Billionaire’s Row,” the property presents an unparalleled opportunity to build a prestigious estate within Arizona’s most sought-after residential enclave. Surrounded by the state’s most distinguished homes and enveloped by breathtaking views of Camelback, Mummy, McDowell, and Four Peaks, this flat, secluded parcel offers privacy in a setting that embodies refinement and exclusivity. The location is close to Arizona’s finest resorts, spas, and restaurants, with clear sightlines to the iconic Praying Monk rock formation.
Accompanying the sale are architectural plans meticulously crafted by the internationally acclaimed architect Bing Hu encompassing a 51,585 square foot estate.
The selling agents, David Larchez and Nate Waite of Silverleaf Realty managed the successful closing of this record-breaking transaction. The homesite’s remarkable sale underscores the robust demand for ultra-luxury real estate and the enduring appeal of Paradise Valley as a destination for those seeking the highest level of sophistication and lifestyle.
5711 N Yucca Road #10 / Sold Price $12,500,000