Key Things To Know About Living In Paradise Valley, Arizona
Key Things To Know About Living In Paradise Valley, Arizona
All About Paradise Valley
Today on LUXE BLOG, we will be discussing Arizona’s most expensive and highest-net-worth area. Paradise Valley. PV is an exclusive town in Maricopa County between Phoenix and Scottsdale. It’s a truly special place here on the West Coast. One of where many celebrities live. Here are some key details about this affluent desert community located in ‘The Valley of the Sun’.
It’s An Expensive Place To Live
Real estate prices in Paradise Valley are astronomical compared to most of Arizona.
– Lot prices range widely, from the low millions to over $50 million for the most coveted locations.
– Home prices start in the low millions for a lower-end property needing renovations. At the top end, there are estates priced over $50 million.
– Expect sticker shock – this is one of the most expensive housing markets in the entire state.
Real Estate Sales Trends
The Paradise Valley real estate market rarely slows down given the desirability of the area.
- Even through 2008 downturn, the luxury market here remained resilient
- Multiple all-cash purchases over $10M annually
- Lots of activity at the highest end with major estates trading hands
- Typical homes see very fast turnaround times on market
- Custom luxury construction continues to rise
Location, Location, Location
Situated between Camelback and Mummy Mountains, Paradise Valley enjoys perhaps the best location in the Phoenix metro area.
– Quick access to dining, shopping, entertainment in nearby Scottsdale and Phoenix
– Breathtaking views of surrounding mountains and vistas
– Centrally located to everything the Valley of the Sun has to offer
Also Read: History Of Paradise Valley – Arizona’s Wealthiest Municipality
Paradise Valley Is Arizona’s Wealthiest Municipality
Strong Sense Of Ownership
Nearly 94% of homes in Paradise Valley are occupied by owners.
– Virtually no investment properties or rentals
– Buyers tend to plant roots in the community
Top-Flight Schools
The Paradise Valley School District earns strong marks for education.
– A-rated Cherokee Elementary located right in Paradise Valley
– Proximity to private schools such as Phoenix Country Day School
– Paradise Valley High School in nearby Phoenix
Privacy On Spacious Lots
Unlike dense urban subdivisions, Paradise Valley offers privacy and breathing room.
– Nearly all properties sit on 0.75 acres or more.
– No crowded neighborhoods or developments.
– Lots of space between homes. Excellent for people valuing serenity.
Few Retail Conveniences & Services
With zoning restrictions, Paradise Valley has remained a predominantly residential area.
– No gas stations, grocery stores or other retail located within town limits
– For amenities, residents go to nearby Scottsdale and Phoenix
Low Population Density Equals A Low-Key Lifestyle
Paradise Valley only has around 14,500 residents across its nearly 16 square miles.
– Very quiet, little nightlife or congestion
– Appeal for those desiring peace, privacy and solitude
Also Read: Top Reasons Why Celebrities Love Scottsdale & Paradise Valley
Homes In Paradise Valley Enjoy Large Land Parcels
Local Schools
- Kiva Elementary School – Located in Paradise Valley
- Cocopah Middle School – Located nearby in Scottsdale
- Chaparral High School – Located nearby in Scottsdale
- Montessori Academy – Located in Paradise Valley
- Jones Gordon School – Located in Paradise Valley
- Saguaro High School – Located nearby in Scottsdale
- Cherokee Elementary School – Located in Paradise Valley
- Phoenix Country Day School – Located in Paradise Valley
- Desert View Learning Center – Located in Paradise Valley
- Mohave Middle School – Located nearby in Scottsdale
Learn more about schools in Paradise Valley and surround areas at link.
Exclusive Demographic Of Ultra High-Net-Worth Residents
Typical household income is around $230,000 annually. Residents tend to be:
– Business executives, entrepreneurs and celebrities
– Drawn to the beauty and ability to keep a low profile
– Willing and able to pay premium prices for privacy
Activities & Lifestyle
Living in Paradise Valley is synonymous with luxury. Residents enjoy exclusive amenities and activities.
- World-class golf at The Paradise Valley Country Club featuring an 18-hole private course
- Pampering at the Paradise Valley Ritz-Carlton spa
- Swimming in private backyard pools or community pools
- Access to exclusive clubs like the Paradise Valley Silverleaf Club
- Outdoor pursuits like hiking Camelback or Mummy Mountain
- High-end shopping and dining in nearby Scottsdale
- Attending concerts and shows in downtown Phoenix
- Private aviation through Scottsdale Airport (fly commercial through PHX Sky Harbor International Airport)
Also Read: Why Are So Many Wealthy People Moving To Arizona’s Paradise Valley?
PV’s Topography Is Second To None
Key Takeaways
– Very pricey but offers incredible scenery and privacy
– Large lots and low density contribute to a peaceful lifestyle
– Residents are almost exclusively high-net-worth individuals
– Lack of retail amenities but quick drives to nearby cities
Frequently Asked Questions
**What is the population of Paradise Valley?**
Approximately 14,500 residents as of 2022.
**What are typical lot and home sizes?**
Most lots are 0.75 acres or greater. The median home size is around 6,000 square feet.
**What is the price range for real estate in Paradise Valley?**
Wide range – lots start in the low millions. Home prices start around $1 million on the low end and exceed $50 million on the ultra high end.
**What cities are located closest to Paradise Valley?**
It is surrounded by Phoenix on 3 sides and Scottsdale to the south. Downtown Phoenix is a 15-20 minute drive away.
Williams Luxury Homes
Part digital, a WHOLE bunch human, Williams Luxury Homes is a boutique real estate brokerage in Arizona. With over $1 billion in sales, we know the PV market very well. In fact, some of us live in PV. We know the residents. And we get to hear about special properties before they come on the market. The bottom line is this, Paradise Valley provides exclusive luxury living amid natural desert beauty. Expensive but scenic and secluded, it appeals to the most affluent homebuyers. You can browse Paradise Valley homes for sale here. Additionally, feel free to contact us for a confidential conversation. Thank you for taking the time to stop by our website.