By Angela Gonzales | Phoenix Business Journal
A luxury home in Paradise Valley recently sold for $8.8 million while a 3-acre vacant lot closed at $6 million — both cash deals.
These big cash transactions indicate the luxury market is heating back up again, Valley real estate sector observers say.
The 7,319-square-foot home built in 2020 at 8311 N. 53rd St. was listed for $9.5 million by Jonathan Leaman and Hayley Jamison of Scottsdale-based America One Luxury Real Estate.
But when Joan Levinson of Realty One Group brought a cash buyer from California, the deal closed at $1,156 per square foot — just under $9 million — which is a record price for that area of Paradise Valley, said Leaman, managing partner of America One Luxury Real Estate.
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