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$5,900,000

Beds
7
Baths
7.5
sq ft
6,655

6940 East Indian Bend Road, Paradise Valley, AZ 85253

6940 East Indian Bend Road

Paradise Valley, AZ 85253

  • 501 days on market
    • Price drop $49,999↓
Privately gated generational resort home directly opposite the prestigious new Ritz-Carlton & Palmeraie shopping and dining district, but with all the reasons people are flocking to Paradise Valley from all over the globe: Spacious acreage with custom distinctive architecture, assuring privacy and differentiation from neighboring parcels. Adding to this true walkability to the finest shopping and dining district that will exist in the Americas. This luxurious privately gated estate, boasting a main house just under 5,000 square feet, complemented by three poolside casitas, bringing the total living space to 6,655 square feet when fully occupied. Perfect for multi-generational or long-term guests, providing both cohesion and privacy for a multi-generational living experience. This custom built 2017 privately gated estate is MODERN AND BRIGHT, with no steps, no HOA, Fully manicured resort pool with large roll in ramped Baja beach entry and covered gazebo outdoor kitchen. As you approach the property, grand motorized gates open to a captivating GRAND ENTRY. A beautifully paved circular drive, lush green turf, and a RECEPTION COURTYARD with fireplace set the stage for passed hors d'oeuvres and cocktails with clear views of Camelback Mountain. The large circular paved driveway provides access to garages on both sides of the home for 5 cars garaged and space for twenty or more guest vehicles. Grand front steel and glass door opens to views of pool water features through the retractable 10 foot high wall of glass providing a seamless transition from open great room living to extensive covered patios creating true outside Arizona living. Richly detailed, timeless architecture with transitional styling, hand carved moldings, Dramatic Coffered Ceilings and rich craftsmanship. Outdoors features Gourmet Kitchen, Entertainer's pool deck with Baja beach entry, flanked by poolside Gazebo featuring 8-person high-top granite island adjacent outdoor kitchen with grill, frig, sink, warming drawer, built in speakers and A/V electrical hookup. The Primary Owner's wing is thoughtfully designed with a split layout, accompanied by its own private side-entry garage. The guest wing offers an additional garage and an indoor ''Costco-style'' bulk supply room for added convenience. Recent upgrades include new underground plumbing and various improvements, ensuring a modern and efficient living experience. The interior features a Dining Room and a spacious Office to either side of the Foyer, each with double doors leading to the courtyard. Additional highlights include a Game Room, Formal Dining area, Butler Pantry with Wine Closet, expansive laundry room, separate outdoor pool bath, and walk-in closets with luxurious wood organizers in all bedroom walk-in closets. The property also boasts an audio equipment room (equipment conveys). Outdoor enthusiasts will appreciate the dazzling heated pool with a large Baja shelf, gazebo, and an outdoor kitchen with a granite 8-seat island, A/V hookups for TV, and stunning views of Mummy Mountain. The estate's ample grounds extend to the west, offering additional land with an RV Gate and mature citrus trees. This space can be utilized for an additional garage, sports court, or pickleball court. Moreover, the convenience of walking to the new Ritz, set to open in 2024-2025, adds an extra layer of luxury to this already impressive property. The Ritz Villas and custom homes in progress nearby promise a vibrant community atmosphere, with one corner of the 110-acre site dedicated to the Scottsdale Palmeraie ''the most anticipated experiential shopping, dining, and living destination in North America.'' Embrace the epitome of upscale living in this extraordinary estate.

Details

Property type

Single Family Residence

Est. home value

$5,938,493

Lot size

1.0 acres

Price per sq ft

$887

Year built

2017

Annual property taxes

$14,229

Price History

06/28/2024
ArizonaRegional

ArizonaRegional #6585064

Price change
$5,900,000
-0.84%
04/03/2024
ArizonaRegional

ArizonaRegional #6585064

Price change
$5,949,999
02/06/2024
ArizonaRegional

ArizonaRegional #6585064

Price change
$5,950,000
-4.63%

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

$2,835,179
Asking price
$5,900,000
Closing costs (~8% of asking)
-$472,000
Est. remaining loan balance
-$2,592,821
Cash to seller
$2,835,179

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

July 2021

Original loan amount

$2,800,000

Est. remaining balance

$2,592,821

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

Kenneth Barbe Jr and Chad Barbe

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: 12/22/2024 at 10:20 AM

Listing updated: 11/25/2024 at 1:21 AM

Listed by: Denise van den Bossche, Realty Executives Phone #: (480) 948-9450

MLS: ArizonaRegional #6585064

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