PARADISE VALLEY
Investment-savvy high net worth individuals seeking luxury second homes have a plethora of options for their money in the Phoenix area with nearby Scottsdale and Paradise Valley, where home prices rose by 24 percent in 2021.
In Paradise Valley, high-profile residents include business, sports, and music industry luminaries who desire a quieter private life. Hillside and mountain-view mansions are among the offerings, with commercial property limited to world-class resorts, trendy restaurants, schools, and designer shops. Paradise Valley median house prices jumped by 39 percent annually, reaching US $3.3 million in 2022. Just north of Paradise Valley is Scottsdale—a golfer’s dream. Top country and golf clubs like Silverleaf Country Club have numerous high-profile members. GoDaddy founder Bob Parsons calls Scottsdale home and owns an invitation-only private golf club. With a minimum zoning of one acre per residence, it is easy to understand why Paradise Valley and Scottsdale claim a large share of Arizona’s billionaires, including Walmart heir Rob Walton; entrepreneur Bennett Dorrance; and Carvana founder, Ernest Garcia II. The state is also home to U-Haul titans Mark and E. Joe Shoen; L.A. Angels owner Arturo Moreno; Smile Direct Club co-founder Jordan Katzman; investors Francis and Jahm Najafi and others. Lower taxes, warm weather, and numerous outdoor attractions are additional draws to out-of-state buyers.
RETSY is the exclusive member of Forbes Global Properties in Arizona’s Paradise Valley and Greater Phoenix
“Paradise Valley saw an upsurge during the pandemic, especially among affluent individuals seeking more land, more home for their money, phenomenal weather, and privacy.” –Josh Stately Peters, RETSY