5676 E CHENEY Drive, Paradise Valley, AZ 85253, Paradise Valley, 85253 - 5 bed, 6 bath
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Paradise Valley, AZ 85253
This Salcito-built Mummy Mountain Estate is a Strong Value Opportunity, listed at $4,700,000—positioned well below the $5,037,803 Fair Market Value by 6%. This valuation gap secures $337,803 in Instant Equity. While maintaining a Condition Rating of 4, the 1.5-acre property features unobstructed mountain views, a mahogany library, and access to the 9/10 rated Cherokee Elementary School. It balances organic luxury with significant appreciation potential through cosmetic updates. This is an elite acquisition for Owner-Occupants or Luxury Developers seeking a high-equity mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5676 E CHENEY Drive Subject | $4,599,999* List Price | 5 | 6 | 5,950 | $828 | - |
A 6331 E HUMMINGBIRD Lane Sold | $4,000,000 | 4 | 4 | 4,789 | $835 | 0.9 mi |
B 5526 E ROADRUNNER Road Active | $5,900,000 List Price | 5 | 7 | 7,484 | $788 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this luxury estate is exceptionally well-maintained but reflects the architectural and interior styles of its original construction period. While it features high-end materials like mahogany and premium Viking/SubZero appliances, the kitchen cabinetry, granite countertops, and overall aesthetic are dated. It meets the 'fair' criteria as a property over 25 years old that has been maintained through regular upkeep but lacks a comprehensive modern renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 65623, living area = 5950.
Elementary School: Cherokee Elementary School (9/10).
Situated atop Mummy Mountain in a prestigious guard-gated community, the property offers rare, unobstructed panoramic views of the McDowell and Superstition Mountains.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1998, some interior elements and specific design choices like the Versace wallpaper may require updating to align with the aesthetic preferences of contemporary luxury buyers.
The property carries a substantial association fee of $2,268, which represents a significant recurring expense compared to other luxury developments in the area.
Perched atop Mummy Mountain in the guard-gated La Place du Sommet, this Salcito-built estate is a masterwork of organic luxury, blending rich wood, copper, and stone into the rugged desert landscape. Spanning 1.5 acres, the residence offers unobstructed panoramic views of the McDowell and Superstition Mountains through floor-to-ceiling glass. The interior is defined by refined craftsmanship, featuring a mahogany library with stained glass, a subterranean rock-walled wine cellar, and gourmet kitchen equipped with Viking and SubZero appliances. With five bedrooms--including a serene primary retreat--an infinity-edge spool set against natural rock formations, and modern essentials like an elevator and EV-ready garage, this home offers a rare, elevated lifestyle in the heart of Paradise Valley Featuring Versace wallpaper in selected areas brings a rich elegance to the living spaces. Experience this house like no other at the top of Mummy Mountain. Make it yours!
No exterior & parking available.
Grades PK-5 • 1.5 mi
Grades PK-6 • 2.1 mi
Grades 6-8 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 70% |
| Baths | 6.0 | 4.0 | 71% |
| Square foot | 5,950 | 4,717 | 74% |
| Lot Size | 65,623 | 44,038 | 92% |
| Price | $4.60M | $2.50M | 78% |
| Price per sq ft | $773 | $683 | 59% |
| Built year | 1998 | 1983 | 73% |
| HOA | $2268 | $0 | 90% |
| Days on market | 56 | 2511 | 1% |
Apr 21, 2026
$4,599,999
$4,700,000
-2% Price Drop
Initial Listing
Feb 25, 2026
$4,700,000
Initial Listing