Paradise Valley, Scottsdale Homes Sell Above $4.5M in Arizona Luxury Market

The luxury real estate market in Arizona continues to attract significant attention with several high-profile sales and listings. Paradise Valley's 85253 ZIP code leads Arizona's property market with a median home price of $5.5 million and a strong homeownership rate, highlighting the area's affluent and stable residential community. A notable listing in Paradise Valley at 6229 E. Gold Dust offers a 6-bedroom, 6.5-bathroom custom-built home spanning 6,256 square feet for $5.95 million, emphasizing resort-style living and premium amenities. Nearby, in Scottsdale's Troon Village, a 7,060-square-foot house recently sold for $4.5 million, underscoring the demand for luxury homes in the region. These high-end properties reflect the lasting impact of the COVID-19 pandemic on home prices and the appeal of Arizona's exclusive neighborhoods with proximity to urban amenities and scenic landscapes. In contrast, a more modest home sale in Rohnert Park, California, at 1322 Megan Place, sold for $735,000, illustrating a different segment of the housing market outside of Arizona's luxury sectors.