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Year in Review: Here are the highest-priced Phoenix-area luxury home sales of 2022

Friday, December 16, 2022   /   by Juan Grimaldo

Year in Review: Here are the highest-priced Phoenix-area luxury home sales of 2022

The Valley’s real estate market may have started to cool in the second half of the year because of higher mortgage rates and inflation, but it hasn’t had too much impact on the metro’s luxury home sales.

Buyers hoping to snatch up a multimillion-dollar home in places like Paradise Valley and Scottsdale are coming to the market with cash in their pockets, luxury brokers said.

And oftentimes this year, a shortage of higher-end homes was the only thing that slowed the sale of these seven-and eight-figure mansions.

The most expensive mansion to sell in 2022 was a spec home built last year in north Scottsdale. It was listed in March for $29.5 million and ultimately sold in June for $28.1 million in an all-cash deal.

Click through the gallery above to see photos of the impressive mansion. 

Darren Tackett, founder of The Tackett Team with RE/MAX Fine Properties who represented the seller in the deal, told the Business Journal at the time that a house in that price range would typically take three to five years to sell. Instead, it took three months. 

Scottsdale-based Mast Luxury Homes Inc. built the home at 21264 N. 113th Place. Dubbed Altitude at Silverleaf, the 21,150-square-foot home has eight bedrooms, 15 bathrooms, two separate guest houses and a 12-car climate-controlled garage that features a drive-through out the other end. The home also features two elevators. 

The second most expensive luxury home sale of the year sold in...

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By Erin Edgemon - Managing Editor, Phoenix Business Journal

The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2023 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. February 7, 2023
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