Monday, February 8, 2021 / by Juan Grimaldo
A 15,000-square-foot Silverleaf mansion in north Scottsdale listed on the market in November for $27.5 million just sold for $21 million.
The home at 21053 N. 110th Way in Scottsdale, sold by luxury agent Ryan Hass at Russ Lyon Sotheby's International Realty, is the second-highest sale in Arizona history on the Multiple Listing Service. It also represents the biggest sale of the year so far.
Still holding the record is another 15,000-square-foot mansion within the Silverleaf community, which sold last fall for $24.1 million. That home, at 10696 E. Wingspan Way in Scottsdale, also was sold by Russ Lyon Sotheby's International Realty.
Julie Rohr, luxury property specialist for Walt Danley Christie's International Realty in Paradise Valley, said luxury homes sales are closing quickly these days.
A Paradise Valley home her team had taken off the market last season and relisted a few days ago received more than 14 offers within two days, she said.
"This truly is unprecedented," she said. "We're seeing unbelievable demand at all levels, price wise and very limited inventory."
In 2020 — throughout the Covid-19 lockdown in Arizona — 15 luxury homes priced at over $10 million were sold in the north Scottsdale and Paradise Valley areas, said Miles Garber, head of research for Polaris Pacific, a San Francisco-based real estate sales and marketing company with a regional office in Phoenix.
Maximillian de Melo, co-founder of America One Luxury Real Estate, said he's seeing prices exceed $1,000 per square foot in Paradise Valley.
"The demand from out-of-state buyers — especially from California, Texas and Chicago — is steadily increasing and offers tremendous opportunities for local developers in that particular niche of $4 million-plus new builds and major remodels that we are fortunate to be part of and focused on."
Designed by Dale Gordon, the Silverleaf home was built in 2017 by Scottsdale-based Salcito Custom Homes for the existing homeowners — empty nesters who sold the property in an effort to downsize a bit. Built on four acres, the home has six bedrooms and nine baths.
Anthony Salcito, president and CEO of Salcito Custom Homes, said he'll be building the couple's next home nearby.
"It was such an amazing experience working with the family, I'm looking forward to building them another slightly smaller version somewhere — probably very nearby," Salcito had said in November when the home was listed for sale.