
Paradise Valley, AZ 85253
This Old World Mediterranean Luxury Estate is a Strong Value Opportunity, listed at $5,750,000—positioned well below the $6,171,515 Fair Market Value by 6%. This valuation gap offers $421,515 in Instant Equity for the incoming owner. Boasting a Good Condition Rating, the 8,379-square-foot residence features mountain views, a resort-style pool, and dual guest houses. Located near top-rated Kiva Elementary, this turnkey property offers unmatched scale and versatility in a prime walkable pocket. It is a premier acquisition for Luxury Lifestyle Seekers or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7008 N 68TH Place Subject | $5,750,000* List Price | 8 | 10 | 8,379 | $737 | - |
A 6230 E Redwing Road Sold | $4,295,000 List Price | 6 | 6 | 8,152 | 0.8 mi | |
B 6700 E MALCOMB Drive Active | $6,400,000 List Price | 7 | 6 | 7,400 | $865 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1998, this luxury estate is in move-in ready condition with high-end finishes that have been meticulously maintained. While the 'Old World Mediterranean' style reflects its original construction era, the quality of materials—including Venetian plaster, Wolf appliances, and premium stone flooring—remains superior. The property shows minimal wear and tear, and the inclusion of modern luxury amenities like a temperature-controlled wine cellar and dual dishwashers justifies a 'Good' rating despite the home being over 20 years old.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44080, living area = 8379.
The estate features both an attached casita and a detached guest house, providing exceptional flexibility for multi-generational living, guest privacy, or a high-performing short-term rental opportunity.
Offered fully furnished and designed by a renowned local professional, the home features high-end finishes like Venetian plaster, Wolf appliances, and a temperature-controlled wine cellar, ensuring a seamless move-in experience.
Built in 1998, the 'Old World Mediterranean' style and specific finishes like granite countertops may require modernization to appeal to buyers seeking the current 'Desert Contemporary' trend.
With over 8,300 square feet of living space, ten bathrooms, and extensive resort-style grounds including a pool, spa, and citrus trees, the property demands significant ongoing maintenance and operational costs.
Welcome to 7008 N 68th Place, an old world Mediterranean designed luxury estate in Paradise Valley, offering 8,379 square feet of exquisite living space by a local renowned designer and an unmatched blend of elegance and scale. Available fully turnkey including furnishings, this extraordinary property is equally suited for an elevated full-time residence, a private retreat, or a high-performing short-term rental opportunity. From the moment you arrive, the home makes a lasting impression. Venetian plaster walls and ceilings, rich stone flooring, and refined architectural details set the tone for a residence where every element was thoughtfully curated. The residence wraps around an expansive backyard, creating a private resort atmosphere ideal for outdoor living and entertaining. Upon entry, the formal living room draws your eye straight through soaring windows to the private, resort-style backyard, anchored by a dramatic showcase fireplace; one of several statement fireplaces found throughout the home. The west wing of the home is dedicated to the primary living quarters and includes the luxurious primary suite, a private office, and an additional ensuite bedroom. The primary suite is a true retreat, complete with a fireplace, direct patio access, a private sitting room, and a spa-inspired bathroom featuring a stunning soaking tub, walk-in steam shower, dual vanities, and dual closets, including one discreetly retrofitted to function as a panic room. The east wing offers exceptional flexibility and scale, housing three additional ensuite bedrooms, including a second primary suite, along with the laundry room, kitchen, great room, and a spacious game room or multipurpose bonus room. The kitchen is a chef's dream, appointed with a gas Wolf range, granite countertops, abundant high-quality cabinetry, dual dishwashers, an oversized island, and a large walk-in pantry. Just beyond, the great room unfolds into a refined entertaining space with a wet bar, temperature-controlled wine cellar with custom ironwork door, family room with fireplace, and an inviting dining area. Adding to the estate's exceptional versatility are both an attached casita with a separate entrance and a detached guest house, providing ideal accommodations for extended stays, guests, or rental flexibilityeach with privacy and comfort in mind. The expansive backyard oasis featuring a generously sized pool and spa, putting green, lush grassy areas, mature citrus trees, seating area centered around an outdoor fireplace, built in BBQ, and a tranquil Zen garden. There is abundant space for Fido to run, for your loved ones to gather, and for guests to relax in the luxury and tranquility that Paradise Valley is known for. Perfectly positioned, the home offers rare privacy while remaining exceptionally convenient. Enjoy walkable access to acclaimed restaurants such as Alma, Ruth's Chris Steak House, and Pubblico Italian Eatery. In under ten minutes, you can reach the iconic trails of Camelback Mountain, McCormick Ranch Golf Club, Scottsdale Fashion Square, Old Town Scottsdale, and the Scottsdale Waterfront, offering world-class shopping, dining, art, and nightlife. A rare offering of scale, craftsmanship, privacy, and location; 7008 N 68th Place delivers a lifestyle that is as luxurious as it is flexible, all in one of the most sought-after pockets of Paradise Valley.
No exterior & parking available.
Grades PK-6 • 1.1 mi
Grades 6-8 • 2.6 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 97% |
| Baths | 10.0 | 4.0 | 99% |
| Square foot | 8,379 | 4,717 | 89% |
| Lot Size | 44,080 | 44,038 | 52% |
| Price | $5.75M | $2.50M | 84% |
| Price per sq ft | $686 | $683 | 51% |
| Built year | 1998 | 1983 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 2511 | 1% |
Feb 13, 2026
$5,750,000
Initial Listing