
Phoenix, AZ 85018
This Exquisite Arcadia Proper Estate is a Strong Value Opportunity, listed at $11,700,000—positioned well below the $12,996,100 Fair Market Value by 9%. This valuation gap offers $1,296,100 in Instant Equity. Boasting an Excellent Condition Rating, the Mark Candelaria-designed masterpiece features a world-class chef’s kitchen, private elevator, and iconic Camelback Mountain views. With a resort-style pool and proximity to top-rated Hopi Elementary, this turnkey sanctuary balances elite lifestyle with financial logic. It is an unmatched opportunity for Luxury Homeowners or High-Net-Worth Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5402 E EXETER Boulevard Subject | $11,250,000* List Price | 6 | 9 | 12,996 | $866 | - |
A 4715 N LAUNFAL Avenue Active | $8,999,999 List Price | 6 | 8 | 8,332 | $1,080 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2014, this estate meets the 10-year criteria for excellent condition and showcases ultra-high-end, modern luxury features. The chef's kitchen is exceptionally appointed with dual Sub-Zero refrigerators, Wolf and Miele appliances, and a unique 10-foot custom steel sink. The property features contemporary elements such as automated sliding glass doors, RH lighting, and a private elevator. Recent maintenance and upgrades, including new Pentair pool equipment and fresh epoxy garage flooring, ensure the home meets current quality standards with no visible deferred maintenance.
Situated on Exeter Boulevard, the most coveted street in Arcadia Proper, this estate boasts timeless French-Mediterranean design by renowned architect Mark Candelaria.
The property features a world-class chef's kitchen with dual islands, a full prep kitchen, and premium appliances including Sub-Zero, Wolf, and Miele, designed for grand-scale hosting.
The sprawling 34,770 SqFt lot includes a diving pool, spa, pizza oven, and a half sports court, all framed by lush privacy landscaping and no rear utility lines.
With nearly 13,000 SqFt of living space, nine bathrooms, and a private elevator, the property will require significant monthly utility and maintenance expenditures.
While the elementary school is highly rated, the assigned middle and high schools have moderate ratings (6 and 5 respectively), which may be a consideration for families prioritizing public education.
**$450k price refinement positions this home at $865/SqFt, presenting one of the most compelling opportunities and exceptional values in Arcadia Proper!**Welcome to one of the grandest estates on Exeter Boulevard, the most prestigious street in Arcadia Proper, and one of Arizona's most coveted neighborhoods. Spanning approx. 13,000 SqFt, this masterfully designed estate by renowned architect Mark Candelaria, blends timeless French + Mediterranean architectural elegance with today's modern-day luxuries, including your own private elevator. Situated on a sprawling 34,770 SqFt corner lot on the North side of Exeter Boulevard, this home was built for cozy family gatherings or grand entertaining, while offering the ultimate in privacy, prestige, and prime Arcadia living. The showpiece chef's kitchen with dual islands is a masterpiece of design and performance, featuring custom cabinetry, dual Sub-Zero refrigerator + freezers, a commanding 60'' range with griddle, Wolf steam oven, a Miele built-in coffee system, dual warming drawers, and three dishwashers perfectly equipped for both everyday living and elevated entertaining. Featuring a striking custom 10' steel triple-basin sink & Waterstone fixtures, RH lighting, dual pot fillers, dramatic custom steel vent hood, and a fully appointed prep kitchen and expansive walk-in pantry provide seamless support behind the scenes. Stunning kitchen flows effortlessly into the great room and boasts automated sliding glass doors that open to the covered patio. The thoughtfully designed floor plan features 6 spacious bedrooms (each with its own en-suite bathroom, walk-in closet and French doors to private balcony), a beautiful separate office with French doors leading to the front courtyard + its own powder room and walk-in closet, 2 laundry rooms (one on main floor in mudroom and main laundry room upstairs), oversized formal dining room with French doors to front courtyard, sprawling living room area with grand fireplace and three sets of French doors that open beautifully to backyard courtyard. The primary wing is a private tranquil retreat, featuring a stunning, resort-inspired bath, an extraordinary 700-square-foot boutique-style closet that blends luxury and organization, and a spacious bedroom with fireplace and separate sitting room both opening through timeless French doors to a serene balcony with its own fireplace, the perfect setting to unwind at day's end. Impressive bonus/game room and entertainer's bar showcase beautiful accordion doors and windows that seamlessly open to the backyard and pool to enjoy true indoor-outdoor living. Complete with a convenient sink, beverage fridge, dishwasher, and ice machine, this space is perfectly crafted to host unforgettable gatherings with ease and style. The spacious resort-style backyard (with no telephone or utility lines behind) features a sparkling diving pool and spa with water feature and newly upgraded Pentair equipment, beautiful brick gas fireplace + pizza oven, and built-in Viking BBQ, designed for unforgettable evenings under the stars. From the half sports court (with space for future pickleball!) to the outdoor bath and separate pool shower, lush Ficus-lined privacy, built-in planter speakers, vibrant bar and lounge flowing from the game room, grand staircase to the primary balcony fireplace this extraordinary outdoor retreat is built for elevated entertaining, relaxation, and year-round enjoyment. Designed for both function and convenience, the home includes dual 2-car garages (North and South), both newly finished with fresh epoxy flooring. The North garage also includes a rare climate-controlled storage room with direct backyard access. Perfectly positioned near world-class shopping, dining, golf, and luxury amenities and in close proximity to top-ranked public and premier private schools just 5 minutes to The Global Ambassador and Scottsdale Fashion Square, 10 minutes to Old Town Scottsdale, the Biltmore, and Sky Harbor Airport, and 25 minutes to Scottsdale Airpark, with convenient access to I-10, Loop 202, and Routes 51 and 143 for seamless travel.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 97% |
| Baths | 9.0 | 3.0 | 100% |
| Square foot | 12,996 | 2,715 | 100% |
| Lot Size | 34,770 | 9,936 | 94% |
| Price | $11.25M | $1.20M | 100% |
| Price per sq ft | $866 | $473 | 84% |
| Built year | 2014 | 1961 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 1537 | 1% |
Apr 21, 2026
$11,250,000
$11,700,000
-4% Price Drop
Initial Listing
Feb 10, 2026
$11,700,000
Initial Listing