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Most expensive home sale in Arizona hits ceiling at $32.4 million

Realtor captures string of records with sale of Paradise Valley estate

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Who says the residential real estate market is slow?

Realtor and Stately Living Founder Josh Peters closed on three high-dollar, luxury homes over 10 days Arizona, setting records on each one.

Most recently, he closed as the buyer’s and seller’s agent Aug. 28 on the most expensive home ever sold in Arizona at a whopping $32.4 million, according to Multiple Listings.

The Paradise Valley 15,516 square-foot, 8 bedroom, 12 bathroom estate sits on nearly 5 acres at 5724 E. Mockingbird Lane in the Mummy Mountain Estates subdivision.

The gated home boasts, views of Mummy Mountain, 11 garage spaces, pool, spa, more than three fireplaces, hand/racquetball courts, tennis court, game room and an exercise/sauna room.

The property also induces a separate guest house.

The recently built estate was co-developed by Stately Development, built by Luxury Living Homes, and sold by Stately Living.

The home also set Arizona records in most expensive pre-sale, most expensive residential spec home, most expensive price per foot for residential new construction, and for residential real estate in Paradise Valley at $2,088 per square foot.  Additionally, it was the most expensive estate ever double sided in Arizona, being that Peters represented the buyer and seller.

Peters said this sale hit records on many different levels.

“I am incredibly grateful for my investors, the builder, Luxury Living Homes, Stately Living and Stately Development, making history with this epic sale,” he said.

The closure on Mockingbird Lane is part of a string of home sales that Peters closed totaling more than $130 million in August, including two top home sale records for 2024.

Peters was the seller’s and buyer’s agent for the closure of a $21 million home Aug. 28 on 2.5 acres on billionaire’s row in Paradise Valley between Mummy and Camelback mountains.

At the time, it was the most expensive home sold in Arizona in 2024.

About a week before that, he closed on an $18.75 million, 10,365-square-foot home in Paradise Valley, Aug. 19, which also at the time was the most expensive home sold in Arizona in 2024.

Paradise, Valley, Realtor, Stately Living, Josh Peters, luxury homes, real estate, residential

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