Ritz Carlton Paradise Valley Sales Hit $215M in Sales

The estate homes at the Ritz Carlton Residences, Paradise Valley, have hit the market to resounding success. Including the for-sales villas also offered at the project, Five Star Development has already surpassed $215 million in real estate sales at the property. The collection of 39 estate homes are priced starting at $5 million and range in size from 5,500 to more than 12,000 square feet with three- to five-bedroom floor plans. Villas are priced started at $1.7 million.

According to the developer, this sales activity sets a benchmark for luxury in the Arizona market. The Ritz Carlton Residences are located in a $2 billion 122-acre masterplan community that includes single-family homes, hotels and retail and dining amenities. The Ritz Carlton project alone sits on 20 acres and includes a 215-room hotel 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 the longest in the US. The owners of the residences will experience what the develop calls a “resort within a resort” with a separate junior Olympic sized-pool, private landscaped grounds, a dedicated concierge and residential management team and priority access to hotel amenities.