The estate homes at the RitzCarlton Residences, Paradise Valley, have hit the market toresounding success. Including the for-sales villas also offered atthe project, Five Star Development has alreadysurpassed $215 million in real estate sales at the property. Thecollection of 39 estate homes are priced starting at $5 million andrange in size from 5,500 to more than 12,000 square feet withthree- to five-bedroom floor plans. Villas are priced started at$1.7 million.

According to the developer, this sales activity sets a benchmarkfor luxury in the Arizona market. The Ritz Carlton Residences arelocated in a $2 billion 122-acre masterplan community that includessingle-family homes, hotels and retail and dining amenities. TheRitz Carlton project alone sits on 20 acres and includes a 215-roomhotel in addition to the for-sale residences and villas.

The project features modern Mediterranean-inspired architecture,and a full suite of amenities, including a 400-foot resort pool thelongest in the US. The owners of the residences will experiencewhat the develop calls a “resort within a resort” with a separatejunior Olympic sized-pool, private landscaped grounds, a dedicatedconcierge and residential management team and priority access tohotel amenities.