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$18,995,000

Beds
8
Baths
10.0
sq ft
15,803

6240 North 59th Place, Paradise Valley, AZ 85253

6240 North 59th Place

Paradise Valley, AZ 85253

  • 119 days on market
This dramatic home sits on 2.23 beautifully landscaped Acres & was named 2022 Garden of the Year by PHX Home & Garden. The estate was completely renovated and enlarged from 2015 - 2023. Interior Design by internationally renowned Matthew Boland. There are 8 ensuite bedrms including an amazing primary suite w/ separate bathrms, a wellness center + ENORMOUS BOUTIQUE WOMANS CLOSET COSTING OVER $1M TO BUILD. There is a kitchen w/ handmade cabinetry & dual islands, family rm w/bar, gamerm, paneled library, winerm, gym, theater + guest house. The home is single level except a 5 star guest suite upstairs. The Award Winning grounds have specimen plants, a lemon trellis, veggie garden w/ stone sink, lush lawn, dining ramada, multiple patios, large pool, spa, plunge pool, pickle ball +playhouse.

Details

Property type

Single Family Residence

Est. home value

$10,129,406

Lot size

2.23 acres

Price per sq ft

$1,202

Year built

2005

Annual property taxes

$41,917

HOA

No

Price History

12/05/2024
ArizonaRegional

ArizonaRegional #6791047

Listed
$18,995,000
-5.03%
06/06/2024
ArizonaRegional

ArizonaRegional #6632253

Removed
$20,000,000
11/18/2023
ArizonaRegional

ArizonaRegional #6632253

Listed
$20,000,000

Schools & Community

Elementary school: 

Kiva Elementary School

Middle school: 

Mohave Middle School

High school: 

Saguaro High School

High school district: 

Scottsdale Unified District

Negotiation Insights

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

Seller could get up to

$12,871,292
Asking price
$18,995,000
Closing costs (~8% of asking)
-$1,519,600
Est. remaining loan balance
-$4,604,108
Cash to seller
$12,871,292

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Amres Corporation

Loan start date

February 2022

Original loan amount

$4,935,000

Est. remaining balance

$4,604,108

Interest rate

3.12%

Loan type

New Conventional, 30 year

Seller

Jeffrey Katz and Tracy Katz

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: 04/03/2025 at 11:55 AM

Listing updated: 03/29/2025 at 12:41 PM

Listed by: Joan A Levinson, Realty ONE Group Phone #: (602) 953-4000

MLS: ArizonaRegional #6791047

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