New home builds in Paradise Valley are thriving, keeping the usually slow summer alive with activity, luxury real estate agents say.
Two of the three top home sales in the town for August are freshly built, one constructed just this year and the other finished last year.
The third top sale was built in 2019.
Scott Grigg, owner of luxury real estate brokerage Grigg’s Group, said Arizona’s new home construction market is booming.
“We’re seeing a significant influx of buyers relocating who are specifically favoring new builds over resales. These buyers aren’t looking to take on renovations, they want move-in-ready homes that offer a modern lifestyle from day one. They seek amenities that are thoughtfully designed, such as wellness centers, fitness studios, outdoor living spaces, and ample parking,” he said.
This summer the group closed four new builds at Seven Desert Mountain totaling $16 million in sales. In total this summer, Grigg’s Group closed more than $47 million in new build construction sales.
“An emerging trend we’re seeing, especially in partnership with Cullum Homes, is the growing demand for turnkey residences fully furnished with curated designer interiors. This takes the pressure off buyers to shop for furnishings or coordinate design logistics,” Grigg said.
Realtor Josh Stately, founder of the Stately Group, said new builds are always in demand, especially in the luxury market.
He had two $17 million closures this year. Both were new builds, and Stately said he has one in escrow for nearly $19 million scheduled to close at the end of the year.
“New build is in high demand, and many new permits have been issued. The trend is better quality and better locations, so I anticipate 2025 and 2026 to be strong,” he said.
Here is a look at the top three home sales in Paradise Valley for the month of August, according to the MLS.
Price tag: $8.4 million Address: 4644 E. Indian Bend Year built: 2025
This 7,432-square-foot residence features 5.5 bathrooms and five bedrooms, each oriented to capture the mountain vista, including sightlines of Praying Monk from the main living space.
Additional highlights include a state-of-the-art home theater and an airy kitchen complete with a large back kitchen.
The backyard opens up to a sun deck, elevated spa, large play pool, dedicated full-length lap pool, and a professionally designed bocce court all set against the backdrop of Mummy Mountain. Out front, enjoy the convenience of a spacious four-car garage.
Price tag: $6.48 million Address: 6587 N. Palmeraie Blvd. Year built: 2024
This is a new three-bedroom, 3.5-bathroom villa on the Ritz-Carlton property. The 3,191-square-foot single-level residence offers a private, full-size pool with patio and ramada.
The new owner will enjoy privileged access to the private Residence Club, a retreat featuring state-of-the-art fitness facilities, a lounge, and a catering kitchen for hosting, as well as full access to Ritz-Carlton amenities.
Price tag: $5.56 million Address: 6229 E. Gold Dust Ave. Year built: 2019
This first time to resale market six-bedroom, 6.5-bathroom home boasts mountain views, pool and spa, and outdoor kitchen with three cooking appliances, two fridges, three large seating areas, fire table, fire features, bar, pickleball , basketball, bocce and pool bath.
The residence also includes a $50,000 Ctrl4 audio system inside and out.
The property has an attached casita wing with outside entrance, a separate living room with kitchen, two dishwashers, two refrigerators and ice maker, large TV, and fireplace that opens to the backyard.
Senior News Editor Philip Haldiman can be reached at phaldiman@iniusa.org, or on X @philiphaldiman. We’d like to invite our readers to submit their civil comments, pro or con, on this issue. Email AZOpinions@iniusa.org.
Meet Philip Haldiman is an award-winning journalist who most recently took first place for investigative reporting in 2023 from Arizona Newspapers Association. He joined Independent Newsmedia, Inc., USA, in 2015, covering Sun City West his first year. Since 2016, he has covered the city of Peoria. Prior to coming to INI, he was a reporter with The Arizona Republic for seven years, covering numerous cities throughout the Valley. Before that, he was a freelance writer.
Community: Haldiman spearheads the Peoria Independent Hometown Heroes Awards program, honoring local individuals and businesses that give back to the community. He has hosted local candidate forums over the years and is a member of the Society of Professional Journalists. Haldiman also served as a member of the Journalism Program Community Advisory Board at Glendale Community College. Outside journalism, Haldiman served as a member of the city of Peoria Complete Count Committee for the Census, 2019-2020. Lastly, he has served as a member of his HOA governing board since 2021.
Education: Arizona State University with a BA in Journalism and Mass Communications and a BA in Theater.
Random Fact: Haldiman is a fourth-generation Arizonan as well as wrote and produced an autobiographical comic book about his time spent in Hollywood and his life as a cult film star.
Hobbies: He enjoys hiking Arizona’s mountainous landscapes and is currently working on a play for the stage.
By 
Comments
No comments on this item Please log in to comment by clicking here