A Closer Look at Paradise Valley
Paradise Valley
Paradise Valley is one of the most interesting and unique towns in the United States. Self-governed by a town council and mayor comprising local P.V. residents, the town is committed to providing residents with a very special lifestyle.
The town's zoning is almost completely residential, mandating 1 acre or larger parcels. The only exception to this basic zoning is evidenced by the presence of a number of top rated resorts that are both great local amenities and a significant source of tax revenue for the town.
Paradise Valley contains more than 6,000 homes and is in a constant state of upgrading. Over the past 10 years, many of the older, single story homes, built in the 60's and 70's have been acquired and bulldozed for the purpose of erecting some truly spectacular residences.
I have handled many home sales and purchases over the years in Paradise Valley. My most recent completed transaction in P.V. was a 1967 build with spectacular views of both Camelback and Mummy mountains. The 1.5 million dollar home (essentially the lot's value) sits on more than an acre and, as the original construction was block, is lending itself to modification and renovation rather than tear-down. At this moment, I have a listing high up the noth side of Camelback mountain, with sweeping views of the valley below. This home will most likely be taken down in favor of new design and construction. In the case of the older home, every situation is unique and should involve careful and thoughtful planning.
All new construction must be approved by the town so there is an enforced degree of quality and appropriateness in all new projects. The town continues to attract buyers from all over the world and promises to remain a high standard of living for many, many years to come. Values continue to grow.
Coming soon to Paradise Valley will be a complete redevelopment of the old La Posada Hotel site (corner of Lincoln Road and Tatum Blvd.), transforming into Montelucia Resort, a mixed use redevelopment featuring an upscale resort and spa as well as some very exclusive private residences. Also on the horizon is the redevelopment of Marriott's Mountain Shadows Resort which was sold last year to the same developer who is creating Montelucia. Finally, the Ritz Carlton Hotel Company is planning to redevelop the site at the northwest corner of Lincoln Road and Scottsdale Road into a magnificent resort, featuring additional retail and residential elements.
The Resorts of Paradise Valley
Montelucia, An Intercontinental Resort & Spa
The Sanctuary on Camelback Mountain
The Doubletree Paradise Valley Resort
Find Additional Hotel Information at the Scottsdale Convention & Visitors Bureau
Find Additional Information at ParadiseValley.TV
