
Paradise Valley, AZ 85253
This Luxury Mountain-View Estate is a Prime Investment Opportunity, listed at $4,750,000—positioned well below the $4,873,857 Fair Market Value by 2%. This valuation gap offers $123,857 in Instant Equity. Maintaining a Good Condition Rating with a new tile roof and HVAC units, the property features a 640-square-foot guest house and unobstructed mountain views from every room. Located near elite private schools and the Echo Canyon trailhead, it balances financial logic with high-end utility. This is an exceptional find for Owner-Occupants or Luxury Lifestyle Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4740 E MARSTON Drive Subject | $4,750,000* List Price | 5 | 7 | 5,761 | $846 | - |
A 4214 E CLAREMONT Avenue Sold | $3,495,000 | 4 | 5 | 5,616 | $622 | 0.6 mi |
B 4761 E Marston Drive Sold | $3,995,900 | 4 | 4 | 5,333 | $749 | 0.1 mi |
C 6133 N 52ND Place Sold | $4,200,000 List Price | 4 | 6 | 6,494 | 0.7 mi | |
D 4441 E MADEROS DEL CUENTA Drive Active Under Contract | $4,749,000 List Price | 5 | 5 | 5,101 | $931 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and exhibits a high level of maintenance. While originally built in 1984, it has undergone significant recent capital improvements including a new tile roof, new HVAC units, and fresh interior/exterior paint. The bathrooms have been renovated with premium Ann Sachs tile, and the interior features high-quality finishes such as marble flooring and vaulted wood-beamed ceilings. It fits the 'good' category as major systems are within their functional lifespan and the home requires no immediate renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 41934, living area = 5761.
The estate offers rare, unobstructed views of Camelback Mountain, Mummy Mountain, and the Phoenix Mountain Preserve from every single room, significantly enhancing its luxury appeal and value.
Significant capital investments including a new tile roof, new HVAC units, and fresh interior/exterior paint provide peace of mind and reduce immediate post-purchase maintenance costs for the buyer.
Originally built in 1984, some interior layouts or aesthetic elements may feel dated compared to the ultra-contemporary new builds frequently found in the Paradise Valley luxury market.
While the property is ideally located near elite private schools, the assigned public middle and high schools carry lower ratings, which may be a consideration for some families.
Exceptional Family Living and A Hidden Gem near Camelback Mtn. Nestled in one of Paradise Valley's most serene and sought-after neighborhoods, this exceptional estate offers views of Camelback or Mummy Mountains from every room. Located just steps from the Echo Canyon trailhead and minutes from Arcadia and Old Town Scottsdale, this home seamlessly blends location, amenities, and atmosphere. Designed with families in mind, this 5,729-square-foot home features five spacious bedrooms, an office, four full bathrooms, and two half bathrooms. A 640-square-foot guest house offers additional space, featuring a private living area, kitchen, and full bathroom. Enjoy new AC units, a new tile roof and underlayment, newly painted inside and outside, and a spacious 3-car garage. Recent upgrades include a new roof, new balconies, and HVAC units. . Ideally located just 10 minutes door-to-door to Phoenix Sky Harbor Airport and 3 minutes (1.2 miles) to Phoenix Country Day School, the finest K-12 private school in the state, this home is also close to the best restaurants, theaters, and entertainment Phoenix has to offer. Luxury, Location, & Views! This stunning Paradise Valley estate offers breathtaking views of Camelback Mountain, Mummy Mountain, & the Phoenix Mountain Preserve from every room! " 10 min to Phoenix Sky Harbor Airport " 3 min (1.2 miles) to Phoenix Country Day School " Close to top restaurants, theaters & entertainment " 5,729 sq. ft. main house + 640 sq. ft. guest house = 6369 sf " Lush green backyard, diving pool, outdoor basketball court " Recent upgrades: new underlayment and tile roof & new casita roof A desert front hides an oasis backyard, ideal for pets & play! The main house boasts 5,729 square feet of luxurious living space, complemented by a 640-square-foot casita for ultimate versatility. Inside, you'll find five spacious bedrooms and five beautifully renovated baths, adorned with the finest Ann Sachs tile. A custom office provides the perfect workspace, while a second-floor family area offers additional room for relaxation. The Casita will accommodate both short and long-term guests - it's a private retreat, complete with a comfortable living area, kitchenette, a full bath, and a large walk-in closet and mountain views. The Casita's double doors open to the covered patio with a fireplace and BBQ, providing ample space for gatherings and for watching the water action in the fenced pool area. The casita also has access to the lush green backyard, which is ideal for both pets and play, as well as the Seasonal Basketball court. Want world-class dining, shopping, baseball, or airport access? You're minutes from it all: Arcadia, Old Town, Scottsdale Fashion Square, Tempe Town Lake, 3 Spring Training stadiums, and Sky Harbor. This isn't just a home, it's a front-row seat to the best of Scottsdale and PV.
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades 6-8 • 2.7 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 70% |
| Baths | 7.0 | 4.0 | 82% |
| Square foot | 5,761 | 4,717 | 73% |
| Lot Size | 41,934 | 43,984 | 34% |
| Price | $4.75M | $2.50M | 78% |
| Price per sq ft | $825 | $683 | 63% |
| Built year | 1984 | 1983 | 55% |
| HOA | $500 | $0 | 77% |
| Days on market | 14 | 2511 | 1% |
Apr 8, 2026
$4,750,000
Initial Listing