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$6,800,000

Beds
7
Baths
9.5
sq ft
13,175

10040 East Happy Valley Road Unit 1, Scottsdale, AZ 85255

10040 East Happy Valley Road Unit 1

Scottsdale, AZ 85255

  • 706 days on market
    • Price drop $200,000↓
Welcome to Desert Highlands #1! The Epitome of Multigenerational Resort-Style Living. This extraordinary estate, nestled on a sprawling 2.6 acre private cul-de-sac homesite, offers IMMEDIATE full Club membership, providing you with access to a wealth of exclusive amenities. Step onto the pavered, circular drive, and you'll be greeted by a private garden courtyard with lush landscapes, setting the tone for the remarkable lifestyle that awaits. This home underwent a remarkable $6 million total re-imagination in 2019, resulting in a smart, transitional luxury masterpiece. Every detail meticulously curated, and no expense spared to create this stunning residence. Inside the main home, you'll find an array of sophisticated spaces, perfect for hosting large gatherings, as well as comfortable, light-filled areas for casual everyday living. The state-of-the-art features and top-of-the-line finishes make this home truly exceptional. A remarkable value, priced well below pre-listing appraisal. The first level of the main home boasts a formal living room, elegant dining room, four of the five en suite bedrooms, a spacious office, media room, and not one, but two wine cellars. The fifth guest ensuite (on the 2nd level) opens to a private deck featuring down valley views. The chef's kitchen is a delight with upgraded appliances, oversized Sub Zero refrigerator, a Wolf range with six burners and multiple ovens. And let's not forget the Miele built-in plumbed coffee system to kickstart your day in the best way possible. The custom furniture grade cabinetry is not only abundant but exquisitely topped with gorgeous Matterhorn granite, adding to the allure of the kitchen. From the kitchen, you'll find seamless transitions to the light and airy breakfast room and inviting family room, with telescoping glass sliding doors leading to multiple extended covered patios and private gardens, offering magnificent views from every angle. As you explore further, you'll discover the private primary suite, occupying the south wing of the main level. This luxurious oasis features a relaxing sitting area, direct patio access to the pool and spa, and a resort-inspired bath retreat with mesmerizing mountain views from the spectacular blue marble topped jetted tub. Dual custom vanities, water closets, and a generously sized shower with multiple heads complete this lavish bathroom, along with dual custom walk-in closets. On the other side of the home, beyond the 50' gallery, Desert Highlands #1 offers a large and spacious casita. Thoughtfully designed with privacy in mins, its single-level layout ensures easy accessibility for those who prefer a step-free environment. The casita features its own private courtyard entrance, allowing guests to come and go as they please without intruding on the main living areas. The well-appointed guest casita offers tranquil living space, a full Wolf/Sub Zero kitchen, two en suite bedrooms with personal patios, private laundry room and an attached garage. Beyond the diving pool, a true entertainer's paradise awaits with a 2,576 square foot fun-filled cabana. This vibrant space boasts a full-sized kitchen, a massive wet bar, four wall-mounted TVs, and game room . The cabana opens up to the pool area with automated telescoping sliding windows, overlooking the swim-up bar. And for a unique experience, the "Dive-In movie screen" is stored above the swim-up bar, allowing you to enjoy your favorite films while relaxing in the pool. The primary home, guest casita, cabana, and ramada seamlessly encircle the backyard retreat, creating a completely private oasis. The outdoor living space is unlike any other, featuring an expansive heated pool, spa, three gas fire pits, two waterfalls, misters under the ramada for added comfort, a water slide, custom outdoor kitchen and a swim-up bar! You can also indulge in a huge conditioned gymnastics space, complete with a trampoline, tumble track, and foam pit, complemented by a convenien

Details

Property type

Single Family Residence

Est. home value

$7,667,695

Lot size

2.63 acres

Price per sq ft

$517

Year built

2001

Annual property taxes

$11,050

Monthly HOA fee

$1,800

Price History

09/17/2024
ArizonaRegional

ArizonaRegional #6476411

Price change
$6,800,000
-2.86%
03/21/2024
ArizonaRegional

ArizonaRegional #6476411

Price change
$7,000,000
-12.5%
10/14/2022
ArizonaRegional

ArizonaRegional #6476411

Listed
$8,000,000
+220%

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

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

Tolleson Private Bank

Loan start date

June 2020

Original loan amount

$2,500,000

Est. remaining balance

Not provided

Interest rate

3.14%

Loan type

Commercial, 30 year

Seller

Wtsth Holdings Llc

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?

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Status: Active

Tomo last checked: 09/19/2024 at 2:55 PM

Listing updated: 09/18/2024 at 11:18 AM

Listed by: Lorraine Funk, Russ Lyon Sotheby's International Realty Phone #: (480) 585-7070

MLS: ArizonaRegional #6476411

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