On January 15, 2013, the most expensive luxury home in Phoenix, sold in the month of January closed.

This Phoenix luxury home located on 4961 E Grandview Ln was sold for $7,725,456 and was paid for in cash.

Details on this Luxury Home in Phoenix

This luxury estate had 10 bedrooms and 12 bathrooms in all. It was 14,312 square foot in size and sat on over 2 acres of land. This home is nestled in the base of the Camelback Mountain.

A 2 story home with a multi bedroom guest home, this Phoenix luxury home was built with the ease to welcome guests as well entertain easily.

It does not feel like living in the desert when it comes to this estate. With lush green lawns and green vegetation on this estate, and great mountain views, you get the best of both worlds.

The courtyard of this home gives you a sense of living in Italy. The mediterranean architectural design of this house is enhanced with lots of stone features and wood beams in the ceilings.

The kitchen has 2 islands, each with a sink, perfect for a gourmet chef and cooking. The detailing on the cabinets is exquisite. Not to be outdone, the master patio is perfect for relaxing, reading or meditation.

Real Estate Information about This Luxury Home in Phoenix.

Sold at a final price of $539.79, this luxury home was originally listed for $9,775,000 on October 22, 2012. With no price reductions, it went into pending Status on December 7, 2012 and closed after about 45 days on the market.

This sale indicates a positive increase in the price per square footage of luxury homes priced at $3,000,000 plus for non-distressed real estate transactions.

In the past 10 years, the worst was in October of 2010, where we saw a monthly average of $269.61 per square foot.

For the month of January 2013, in the zip code of 85018, the average selling price per square foot was $227.98 for a regular sale not  including distressed sale.

If you need more information about how the real estate market is doing in Phoenix, you can contact me here or call me on 480-442-0779 and lets have coffee