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$7,745,000

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

  • 217 days on market
    • Price drop $250,000↓
    • Open house Nov 24
Nestled between Mummy and 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. Privately set on a tranquil Paradise Valley cul-de-sac, the home features a circular driveway, flowing fountain, gated entry courtyard with exposed terracotta roof tiles and red brick columns...reminiscent of the famed Royal Palms Resort. Ideal for entertaining, the chef's kitchen boasts dual islands of butcher's block and Carrera marble atop beautiful cabinetry, with ample seating for 12 and a spacious butler's pantry. The great room, adjacent to the theater with coffered ceiling and plush seating for 8, features hand-hewn trestle beams, a serving bar and wine room, which all flow into the central courtyard. Once outside, discover this charming outdoor space with a shimmering hand-tiled swimming pool, an outdoor kitchen, inviting seating areas with mountain views and a full guest casita. Unwind and relax in the custom spa that can seat up to 12 with cascading fountains from the pergola above. 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. 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

$933

Year built

2013

Annual property taxes

$18,112

Price History

10/26/2024
ArizonaRegional

ArizonaRegional #6692132

Price change
$7,745,000
-3.13%
08/22/2024
ArizonaRegional

ArizonaRegional #6692132

Price change
$7,995,000
-5.89%
06/28/2024
ArizonaRegional

ArizonaRegional #6692132

Removed
$8,495,000

Schools & Community

Elementary school: 

Kiva Elementary School

Middle school: 

Mohave Middle School

High school: 

Saguaro Elementary School

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: 11/22/2024 at 7:35 AM

Listing updated: 11/16/2024 at 4:10 PM

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

MLS: ArizonaRegional #6692132

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