5912 E SAPPHIRE Lane, Paradise Valley, AZ 85253, Paradise Valley, 85253 - 4 bed, 6 bath
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Paradise Valley, AZ 85253
This High-Potential Investment Opportunity is listed at $5,300,000, positioned above the $4,800,141 Fair Market Value. While the price reflects a premium, the property offers significant upside through modernization. With a Condition Rating of 4, the home requires cosmetic updates to align with current luxury standards. The expansive 47,414 sq. ft. lot, private shooting range, and proximity to Top-Rated Schools like Cherokee Elementary (9/10) provide a solid foundation for value-add projects. This estate is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable Paradise Valley legacy property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5912 E SAPPHIRE Lane Subject | $5,300,000* List Price | 4 | 6 | 5,638 | $851 | - |
A 8700 N 58TH Place Sold | $4,500,000 | 5 | 6 | 6,044 | $745 | 0.3 mi |
B 8817 N 58TH Place Sold | $4,250,000 | 5 | 7 | 5,336 | $796 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1993 (31 years old), the property features a dated kitchen with 90s-era cream cabinetry and older integrated appliances. While the home is well-maintained and move-in ready, the interior finishes and systems are past their prime luxury lifecycle, requiring cosmetic and functional updates as suggested by the listing description.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 47414, living area = 5638.
Elementary School: Cherokee Elementary School (9/10).
Situated on over an acre in a highly coveted area, this estate offers the perfect balance of privacy and convenience, located just minutes from world-class golf, upscale shopping, and top-rated schools.
Built in 1993 and described as 'ready for your own touches,' the home may require significant capital investment to update finishes and systems to meet current luxury market expectations.
The combination of a $5,000 association fee and the extensive maintenance required for an acre of landscaped grounds and a large pool results in substantial recurring ownership expenses.
DISCOVER TIMELESS ELEGANCE IN THIS CUSTOM HOME NESTLED ON OVER AN ACRE IN ONE OF PARADISE VALLEY'S MOST COVETED LOCATIONS. OFFERING APPROX. 6,000 SQ. FT. OF BEAUTIFULLY DESIGNED LIVING SPACE. THIS STUNNING TWO-STORY RESIDENCE WITH A FINISHED BASEMENT BLENDS SOPHISTICATED DESIGN WITH EXCEPTIONAL AMENITIES FOR EFFORTLESS LUXURY LIVING. FOUR BEDROOM SUITES, EACH WITH THEIR OWN ENSUITE BATH WHICH PROVIDES A LEVEL OF COMFORT AND PRIVACY, WHILE TWO ADDITIONAL BATHS ARE CONVENIENTLY POSITIONED TO ACCOMMODATE GUESTS AND EVERYDAY LIVING. AT THE HEART OF THE HOME, THE DRAMATIC GREAT ROOM SHOWCASES SOARING TWO-STORY CEILINGS, FIREPLACE AND A CUSTOM WET BAR, CREATING AN UNFORGETTABLE SPACE FOR BOTH QUIET EVENINGS AND GRAND ENTERTAINING. *see supplement for more* DESIGNED FOR TODAY'S FLEXIBLE LIFESTYLE. THE HOME ALSO FEATURES TWO PRIVATE OFFICES, EACH ENHANCED WITH CUSTOM CABINTRY, ALONG WITH A SPACIOUS 2ND FLOOR LOFT THAT OFFERS ENDLESS POSSIBILITIES LIKE A READING LOUNGE, MEDIA SPACE OR ADDITIONAL FAMILY RETREAT. THE FINISHED BASEMENT FEATURES A SPACIOUS TV ROOM AND ACTIVITY ROOM WITH CUSTOM BUILT-INS AND A PRIVATE SHOOTING RANGE. THIS HOME IS READY FOR YOU TO ADD YOUR OWN TOUCHES. STEP OUT TO YOUR OWN PRIVATE RESORT WHERE LOVELY LANDSCAPED GROUNDS INVITE BOTH RELAXATION AND CELEBRATION. ENJOY A SPARKLING POOL ACCENTED BY A TRANQUIL FOUNTAIN, A SECLUDED FIREPLACE RETREAT PERFECT FOR QUIET EVENINGS UNDER THE ARIZONA SKY AND A CHARMING GAZEBO COMPLETE WITH A BUILT-IN BBQ OVERLOOKING THE EXPANSIVE POOLSIDE ENTERTAINING AREA. A LUSH GRASS PLAY AREA COMPLETES THIS OUTDOOR PARADISE. PERFECTLY POSITIONED NEAR MOCKINGBIRD LANE AND INVERGORDON ROAD THIS PV ESTATE OFFERS THE IDEAL BALANCE OF PRIVACY AND CONVENIENCE. JUST MINUTES FROM WORLD-CLASS GOLF, FINE DINING, UPSCALE SHOPPING, PREMIER RESORTS AND ALL THAT PARADISE VALLEY AND SCOTTSDALE CAN OFFER.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 6.0 | 0.0 |
| Square foot | 5,638 | - |
| Lot Size | 47,414 | - |
| Price | $5.30M | $4.62M |
| Price per sq ft | $940 | $1.1K |
| Built year | 1993 | 0 |
| HOA | $5000 | $0 |
| Days on market | 15 | 2902 |
Jul 7, 2026
$5,300,000
Initial Listing