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$3,498,000

Beds
4
Baths
5.5
sq ft
6,821

10040 E Happy Valley Rd Unit 512, Scottsdale, AZ 85255

10040 E Happy Valley Rd Unit 512

Scottsdale, AZ 85255

  • 7 days on market
Immediate Golf Membership included at Close of Escrow. Prepare to be in awe of one of the BEST views in all of Scottsdale, whether you are looking for sunsets, mountain, or city light views this magnificent home has dramatic views of everything you could desire! Picture living in your own freshly updated five star resort with breathtaking views from every room all while enjoying the best amenities imaginable. From the dramatic great room with soaring ceilings, warm fireplace, an automatic 20 ft pocket doors that extends the indoor spaces to the outside, to the dramatic boulder outcroppings and valley views entertaining is made easy. Perfection continues with the cozy family room and lounge area centered around the dramatic boulder outcroppings, this is the perfect place to curl up and and watch a movie, read a book by the natural light or enjoy a glass of wine with guests. Cooking in the gourmet kitchen with designer appliances is even more enjoyable with the 180 degree views, expansive island, double breakfast bars, casual eat in nook and formal dining room. With all 4 bedrooms being private en-suites you and your guests will continue to be pampered by the built in coffee bars, fireplace, and sitting nooks; each room with its own special features, which are elevated even more in the master retreat complete with coffee bar, sitting room, private view deck, expansive walk in closet with custom cabinetry, and a luxurious master bathroom with jetted soaking tub, a full stone slab walk-in shower with multiple shower heads and jets, separate his and hers vanities as well as separate commode rooms. In addition to all of this there is a private office / den currently being used as a workout room with windows on 3 sides to take in all of the views plus its own private view deck. As if all this wasn't enough, the outdoor spaces are just as magnificent with plenty of covered and uncovered decks, a palatial glass tile negative edge pool and spa, outdoor BBQ, artificial turf, and more... Come live your best life in this one of a kind masterpiece. Owning in Desert Highlands has its privileges; this amazing home comes with an immediate Full Golf Membership to Desert Highlands where you will enjoy an 18 hole Jack Nicklaus Signature Golf Course, an 18 hole par 42 putting course designed by Gary Panks, 13 perfectly groomed tennis courts (grass, clay, & hard courts) as well as pickle ball courts, a state of the art fitness center, multiple dining options, and 24 hr guard gated security!

Details

Property type

Single Family Residence

Est. home value

$3,322,207

Lot size

0.97 acres

Price per sq ft

$513

Year built

1986

Annual property taxes

$8,674

Monthly HOA fee

$1,900

Price History

01/03/2025
ArizonaRegional

ArizonaRegional #6799499

Listed
$3,498,000

Schools & Community

Neighborhood: 

North Scottsdale

Elementary school: 

Desert Sun Academy

Middle school: 

Sonoran Trails Middle School

High school: 

Cactus Shadows High School

Community features: 

Gated, Golf, Tennis Court(s), Clubhouse, Fitness Center, Pool, Sidewalks

High school district: 

Cave Creek Unified District

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Midfirst Bank

Loan start date

June 2023

Original loan amount

$1,012,853

Est. remaining balance

Not provided

Interest rate

6.35%

Loan type

Stand Alone Second, 30 year

Seller

Christos B Marinakos and The Christos B Marinakos Family Trust

Lender

Midfirst Bank

Loan start date

June 2023

Original loan amount

$1,012,853

Est. remaining balance

Not provided

Interest rate

6.35%

Loan type

Future Advance Clause / Open End Mortgage, 30 year

Seller

Christos B Marinakos and The Cutlip Marinakos Residence Trust

Lender

Midfirst Bank

Loan start date

February 2014

Original loan amount

$600,000

Est. remaining balance

$0

Interest rate

4.53%

Loan type

Not Provided, 5 year

Seller

Christos B Marinakos and The Christos B Marinakos Family Trust

Lender

M&T Bank

Loan start date

June 2007

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

6.62%

Loan type

Not Provided, 30 year

Seller

Chris B Marinakos

Lender

Dba New America Financial

Loan start date

June 2000

Original loan amount

$975,000

Est. remaining balance

Not provided

Interest rate

11.01%

Loan type

New Conventional, 30 year

Seller

Chris B Marinakos

Lender

World Wide Financial Services Inc

Loan start date

April 2000

Original loan amount

$961,000

Est. remaining balance

$371,432

Interest rate

8.38%

Loan type

Not Provided, 30 year

Seller

Christos B Marinakos

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/10/2025 at 8:15 AM

Listing updated: 01/03/2025 at 1:20 AM

Listed by: Dana Bloom, Engel & Voelkers Scottsdale Phone #: (480) 515-5900

MLS: ArizonaRegional #6799499

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