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Paradise Valley’s Most Expensive Foreclosure

April 6, 2009

Next week I have a potential buyer coming in from California that is interested in Paradise Valley real estate and homes for sale. In particular, my buyer is looking for a great deal on a PV foreclosure, REO, bank owned property or short sale. Currently, the town of Paradise Valley has eleven foreclosures available, of those foreclosures there’s probably 4 properties that would possibly be of interest to this particular buyer.

One of the properties available also happens to be Paradise Valley’s most expensive foreclosure. This foreclosure is not to be confused with Paradise Valley highest priced home which happens to be listed on the Arizona MLS for $18,900,000. It’s a whopper at over 17,000 square feet.

Getting back to the Paradise Valley foreclosure… The home is approximately 10,000 square feet, on an acre of land, 4 bedrooms, 4.5 baths, has a 6 car garage and should be really beautiful when the home is completed. I’m not sure what exactly happened on this particular bank owned property, but the home was never completed by the original owner. The bank has already hired a builder to come in and complete the property. I’m assuming the home will have the finishes one would expect on a property of this caliber such as quality cabinets, granite, travertine, Wolf, Viking or equivalent appliances etc… The bank however will not be completing the back yard landscaping, so your imagination would be the only limiting factor on this one. The home is listed at $3,500,000 but I have a strong suspicion there is a tremendous amount of negotiating room as the banks have no interest on hanging on to properties such as these. Here’s the full MLS listing associated with this particular property.

Paradise Valley’s Most Expensive Foreclosure

For those of you interested in Paradise Valley real estate, or homes for sale, we have set up a home search for you to view all the properties available from the Arizona MLS. Just use the search below to view Paradise Valley homes by price range.

Paradise Valley Home Search

Paradise Valley Homes

$300,000 – $1,000,000 $1,000,000 – $1,400,000 $1,400,000 – $1,700,000

$1,700,000 – $2,000,000 $2,000,000 – $2,400,000 $2,400,000 – $3,000,000

$3,000,000 – $4,000,000 $4,000,000 – $5,000,000 Above $5,000,000

Paradise Valley Condos

$0 – $5,000,000

Paradise Valley Townhomes

$0 – $5,000,000

Paradise Valley Patio Homes

$0 – $5,000,000

Here’s a few pictures of this Paradise Valley luxury home.

Here's a view from the front of the foreclosure.

Here's a view from the front of the foreclosure.

Nice view from the front of the home

Nice view from the front of the home

Nice neighborhood with additional beautiful homes in the area.
Nice neighborhood with additional beautiful homes in the area.

Back To: Scottsdale Homes

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