5024 E DESERT PARK Lane, Paradise Valley, AZ 85253, Paradise Valley, 85253 - 5 bed, 7 bath
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Paradise Valley, AZ 85253
This Luxury Mountain-View Estate is a Prime Investment Opportunity, listed at $8,500,000—positioned well below the $8,770,509 Fair Market Value by 3%. This valuation gap provides $270,509 in Instant Equity. Boasting a Mint Condition Rating, the 7,703 sqft residence features a chef's kitchen, detached guest house, and resort-style grounds with a lap pool and panoramic mountain views. Located near the Paradise Valley Country Club, it offers a seamless indoor-outdoor lifestyle. This is an unparalleled acquisition for Luxury Home Seekers or High-Net-Worth Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5024 E DESERT PARK Lane Subject | $8,500,000* List Price | 5 | 7 | 7,703 | $1,139 | - |
A 5022 E ORCHID Lane Active | $9,995,000 List Price | 5 | 7 | 7,511 | $1,331 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2016, this property is exactly 10 years old and remains in mint condition. The interior features a modern chef's kitchen with high-end appliances, wide-plank flooring, and designer finishes. Systems are contemporary, including a climate-controlled wine room and retractable glass walls, meeting the criteria for a move-in ready home with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40011, living area = 7703.
Situated on a highly desirable street near the Paradise Valley Country Club, this estate offers exceptional views of Mummy Mountain, Camelback Mountain, and the surrounding preserve.
The property features premier outdoor amenities including a lap pool, putting green, and bocce court, complemented by a full bar with retracting windows for seamless indoor/outdoor living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7703, other record living area = 7210.
The assigned public schools are located approximately 3 to 5 miles away, which may be a minor inconvenience for families prioritizing immediate neighborhood proximity to campus.
The specific 'warm farmhouse' aesthetic with heavy wood beams and brick-inlaid ceilings may not appeal to the segment of luxury buyers currently seeking ultra-modern or minimalist contemporary designs.
Set on a quiet, highly desirable street near Paradise Valley Country Club, this beautifully designed Jim Blochberger home spans 7,703 sqft and offers lovely views of Mummy Mountain, Camelback Mountain, and the surrounding preserve. The 5-bedroom main residence is complemented by a private detached guest house--ideal for visitors or a dedicated office. Designed for effortless indoor/outdoor living, a full bar w/ retracting windows opens to an expansive covered patio w/ TV lounge, dining area, & a lap pool positioned to take in the mountain backdrop. The grounds feature a putting green, bocce court, lush grassy areas, & mature trees. Inside, warm farmhouse elements--wood-beamed ceilings, Chicago brick... & wide-plank floors--frame a spacious chef's kitchen with large island & breakfast room, along with a formal dining room with a brick-inlaid ceiling and adjoining wine room. A split floor plan offers a private primary retreat with patio, coffee bar, and spa-like bath, plus an oversized game room and additional ensuite bedrooms. A rare blend of scale, character, and livability in one of Paradise Valley's most coveted locations.
No exterior & parking available.
Grades PK-6 • 3.0 mi
Grades 6-8 • 4.9 mi
Grades 9-12 • 4.1 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 | 81% |
| Square foot | 7,703 | 4,789 | 78% |
| Lot Size | 40,011 | 43,791 | 35% |
| Price | $8.50M | $2.60M | 89% |
| Price per sq ft | $1.1K | $667 | 81% |
| Built year | 2016 | 1983 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 3064 | 3% |
Apr 22, 2026
$8,500,000
Initial Listing