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$6,995,000

Beds
5
Baths
5.5
sq ft
8,306

5842 East Redwing Road, Paradise Valley, AZ 85253

5842 East Redwing Road

Paradise Valley, AZ 85253

  • 320 days on market
    • Price drop $750,000↓
Incredible value now priced at $842/sq ft...impossible to replace at this price! Nestled between Mummy & Camelback mountains, this meticulously maintained estate showcases authentic Santa Barbara architecture and timeless design. Every detail created by skilled artisans, it features exquisite millwork and cabinetry - all crafted on site. Set in a prime PV location, it features a circular driveway, private gated entry courtyard with exposed terracotta roof tiles and brick columns..reminiscent of the famed Royal Palms Resort. The chef's kitchen boasts dual islands of butcher's block and Carrera marble atop beautiful cabinetry, with ample seating for 12 and spacious butler's pantry. The great room features hand-hewn trestle beams, stone fireplace, serving bar and wine room... ...which all flow into the central courtyard. The adjacent theater is spacious with room for 12. The primary suite features a coffered ceiling, sliding bookcase revealing a secret office, Cantera fireplace, a luxurious bath with dual vanity areas, custom tile, and two walk-in closets. The split floor plan includes three guest suites with en-suite baths and beautiful hand-painted tiles. The hand-painted domed ceilings in the formal dining room and nearby office complement the living room with its boxed barrel-domed ceiling and crystal chandeliers, offering stunning Camelback Mountain views. Discover the charming outdoor space with hand-tiled swimming pool, outdoor kitchen, inviting seating areas with mountain views and a full guest casita. Relax in the custom spa with cascading fountains from the pergola above. An oversized four-car garage with ample built-in cabinetry, native plants, fruit trees, and space for a pickleball court or putting green complete this pristine property.

Details

Property type

Single Family Residence

Est. home value

$6,975,534

Lot size

1.09 acres

Price per sq ft

$843

Year built

2013

Annual property taxes

$18,112

HOA

No

Price History

02/05/2025
ArizonaRegional

ArizonaRegional #6692132

Price change
$6,995,000
-9.68%
12/10/2024
ArizonaRegional

ArizonaRegional #6692132

Removed
$7,745,000
11/25/2024
ArizonaRegional

ArizonaRegional #6692132

Listed
$7,745,000

Schools & Community

Elementary school: 

Kiva Elementary School

Middle school: 

Mohave Middle School

High school: 

Unknown

High school district: 

Scottsdale 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

First Western Trust Bank

Loan start date

June 2022

Original loan amount

$5,250,000

Est. remaining balance

Not provided

Interest rate

3.98%

Loan type

Credit Line (Revolving)

Seller

Fred W Wagenhals and Fred W Wagenhals Trust

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: 03/04/2025 at 7:30 PM

Listing updated: 02/28/2025 at 9:48 AM

Listed by: Lisa Kay, RETSY Phone #: (602) 842-0000

MLS: ArizonaRegional #6692132

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