If you’re buying a house or refinancing your loan, here’s what you need to know.
For millions of Americans, a mortgage is the biggest debt they’ll ever have to repay. Unfortunately, as anyone who’s ever gone through the process can attest, mortgages involve pages and pages of legal documentation that can be nearly impossible for most people to comprehend. To simplify mortgages, there are some basic guidelines that anyone can learn and commit to memory. Below, we’ll go through five useful rules about mortgages.
Rule 1: Keep your mortgage payment to 25% or less of your income.
Housing costs are typically the largest expense item in your household budget, but that doesn’t mean you can afford to break the bank. Lenders look closely at your income to determine how much you can truly afford to pay for a monthly mortgage payment, and one simple guideline they use is to take your available income and multiply it by 25%. If a mortgage would require larger payments than that, after taking into account both the loan itself and associated payments like property taxes and insurance, then a lender will generally be less comfortable in giving you the loan.
Rule 2: Avoid private mortgage insurance by making a 20% down payment.
Mortgage lenders typically require borrowers to obtain private mortgage insurance or PMI if they make a down payment that’s less than 20% of the value of the home. PMI protects lenders against the risk that the value of the home will fall below the outstanding principal balance on the mortgage, leaving the borrower “underwater” on the loan. For borrowers, however, it’s an added expense that essentially provides no value to them. As difficult as it can be to save up a 20% down payment, the hundreds of dollars in PMI that it will save you could make the difference between being able to afford a slightly more expensive home and having to settle for less.
Rule 3: Understand how adjustable rate mortgages work and what risks are involved.
Fixed mortgages are easier to understand because the interest rate that they charge never changes, so you can count on monthly mortgage payments remaining constant throughout the lifetime of your loan. That’s not the case with adjustable rate mortgages or ARMs, which only remain fixed for a set period. Most lenders refer to ARMs with two numbers, such as 5/1. The first number refers to how long the initial rate remains in place. The second number describes how often the rate adjusts after the initial rate ends. For a 5/1 ARM, the initial rate stays in place for five years, and then changes every year after that. When rates change, they’ll also change your monthly payment, so make sure you understand the illustrations that your mortgage documents will provide so you don’t get a nasty surprise at the end of the initial term.
Rule 4: Know whether you’ll actually be able to deduct your mortgage expenses.
Many people look forward to being able to deduct mortgage interest, property taxes, and other key expenses of owning a home. But one thing to keep in mind is that all of these tax breaks are only available if you itemize deductions on your tax return. If the cost of your interest and taxes isn’t enough, when combined with other itemized deductions, to exceed the standard deduction you’re entitled to receive, then buying a home won’t do you any good from a tax perspective. That shouldn’t necessarily stop you from making a purchase and taking out a mortgage loan, but it should inform you as to the true cost of doing so.
Rule 5: Be careful diverting retirement money toward a home purchase.
The tax laws governing retirement accounts allow you to make withdrawals from an IRA of up to $10,000 toward a first-time home purchase without having to pay the typical penalties for early withdrawal of your retirement savings. However, just because you can use IRA money toward a home purchase doesn’t mean you should. First, even though you won’t owe penalties, you will owe income tax on the money you withdraw, potentially leaving you with a big tax shortfall at the end of the year. More importantly, diverting that money from your retirement savings will leave you in a less favorable position in the long run with the size of your nest egg. As a potential source of down payment money, tapping an IRA can seem like a smart move, but be aware of the long-term consequences before you pull the trigger.
Buying a home will probably be the biggest purchase you ever make. Being smart about the debt you incur to buy your home is essential to avoid the mistakes that so many homeowners made during the financial crisis. Keeping these rules in mind will take you a long way toward a better understanding of the mortgage process and your mortgage loan.
Source: http://www.fool.com/investing/2016/05/28/5-mortgage-rules-you-should-know-by-heart.aspx?source=iedfolrf0000001
3627 E Bethany Home Road Paradise Valley, AZ 85253
$75,000,000
13
Beds
16
Baths
40,000
SqFt
Status
Active
MLS #
6525456
Property Type
Single Family Residence
Price Type
--
The mandate has been to spare no expense in creating a home that is both functional and captures a wow from every room. Desert Foothills has the same mandate for its landscaping. Adjoining parcels available for purchase. SEE MORE FOR DETAILS ABOUT THE HOME ! Owner/Agent Transitional luxury accommodations will be provided during build , if desired. The custom home will include the following amenities - 13 bedrooms, 16 bathrooms, eight half-bathrooms, two Spa Locker Rooms, Garage space for 15 cars, four kitchens, four wet bars, two outdoor kitchens, one 2-story office/library, conference room, two bowling lanes, indoor shooting range, golf simulator, movie theater/Metaverse room, spa, one home gym, casino room, recording studio, collector's gallery, two story will be seven bedrooms in the main house with four bedrooms in the conference building, one bedroom in the attached casita and one bedroom in the guard house. The property's Spa will feature two locker rooms, sauna, snow room, Vitality Pools, two massage/treatment rooms. Inside the garages there will be a five-car garage with a car lift down to 9-car collector's garage. 1 car casita garage. Exterior Amenities: -2 pools 1 is the Cinema pool with a waterfall and large cinema screen -Lazy river -Spa -2 Baja Shelves -1 island green for chipping and putting -3 fire pits and 1 outdoor fireplace -2 outdoor kitchens -1 stage -Waterslide -Family game courtyard/outdoor lounge space.
10772 E Canyon Cross Way Scottsdale, AZ 85255
$54,000,000
6
Beds
12
Baths
24,545
SqFt
Status
Active
MLS #
6661708
Property Type
Single Family Residence
Price Type
--
Halfway through construction-Amazing & Unparalleled opportunity to purchase a Car Collector's Dream Home in Silverleaf Upper Canyon with a 14,000+ sq. ft. garage that can hold 27 cars on the ground or up to 54 cars if lifts are used. This Outstanding 4-acre private estate offers panoramic views of the McDowell Mountains & Golf Course and is nestled into your own private canyon bordered by conservation area open space and provides seclusion & tranquility within the secure guard gated Silverleaf community. Exquisitely designed by RN Interior Design & Cosan Studio and is being artfully constructed by Sommer Custom Homes. Some of the amazing features include a window-bottom-pool, a complete spa facility with treatment rooms, hot & cold plunge, sauna, indoor pool, & 25 automated doors. The size of the home is 24,545 Livable sq. ft. and 48,568 total Under Roof sq. ft. The Lower Level Show Garage is a climate controlled space but not included in the 24,545 Livable number but is included within the total Under Roof sq. ft. number. The home has 6 Full Bedroom suites, 12 bathrooms, Great room, Bar, Main Kitchen plus a hidden 2nd Chef's kitchen with commercial appliances for a private Chef or catering needs with a Food Tray Lift to the Upper Level entertainment area, Theater room, Office with fireplace, large Exercise room opening up to a covered patio, a huge Rec room at Upper Level with fireplace, bar & covered patios, secondary family room, Car Lounge/Man Cave with bar, 5 laundry areas, two covered ramadas with fire features, climate controlled package delivery room, Elevator, steel & glass floating staircases, Upper level sitting room/library, fireplaces wrapped in slabs of stone, wood ceilings indoors & outdoors, backlit stone slabs, wood flooring, Lutron Lighting & Automated Shade systems, Eggersman cabinetry scheduled for the Kitchen, Bar, and Primary bedroom closets. The home will be run on Three-Phase Power for energy efficiency reasons with natural gas tankless water heaters, foam spray insulation throughout, a Solar Energy System, and a Backup Generator. There is a 4-car garage at the Main Level and a 23-car Lower Level garage allowing for a total of 27 cars on the ground or as much as 54 car storage if lifts are used. The Lower Level Garage is a climate controlled livable space featuring a car display turntable, and a car lift to display a special car inside of a glass cube at the Main Level viewable from the Exercise and Lounge areas located at the Main Level. The Garage also includes a media/lounge area & bar, bathroom, elevator & staircase access to upper level, storage areas, and windows overlooking the Silverleaf community. The walk-out basement design of this garage space provides for convenient level-on-grade drive-in access, has windows providing natural light and could be used for private parties, charity events, court type sports such as field hockey, etc., and a variety of others uses. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.
5719 E Starlight Way Paradise Valley, AZ 85253
$50,000,000
6
Beds
8.5
Baths
16,906
SqFt
Status
Active
MLS #
6644810
Property Type
Single Family Residence
Price Type
--
Welcome to an architectural masterpiece situated within Paradise Valley's prestigious Cameldale Estates. Positioned thoughtfully on a nearly 3-acre parcel in the northern face of Camelback Mountain to allow sweeping views of Mummy, Phoenix, McDowell, and Four Peaks mountain ranges. Design by world-renowned architects SAOTA, collaborating with local architect Stratton, and earning world recognition press/awards for innovative design and unparalleled beauty. Nearly 17,000 sqft of living will blend seamlessly into desert surroundings while offering every conceivable modern luxury. Chef's kitchen, cinema, gym/spa, resort-style infinity pool, with emphasis on seamless indoor/outdoor living. The modern organic design, coupled with exceptional craftsmanship, elevates it to a league of its own.
5738 N Casa Blanca Drive Paradise Valley, AZ 85253
$40,000,000
6
Beds
13.5
Baths
23,417
SqFt
Status
Active
MLS #
6551905
Property Type
Single Family Residence
Price Type
--
New modern custom highest end construction build in Casa Blanca & Wilkinson corridor by Regal American Homes. Extremely private estate with stunning mountain views of Camelback, Praying Monk, & Mummy. This 6 bed, 13.5 bath, 23,417 sqft is for the most discerning buyer. Modern design includes central courtyard, open great room & chef's kitchen w/large back kitchen holding hidden bar, pantry, Costco room, & walk-in cooler & freezer. Split floorplan where primary suite includes separate his and hers: vanity, enclosed toilets, & closets, large walk-in shower, free standing tub, red light room, laundry, safe & private outdoor access. Experience true indoor/outdoor living w/custom pool & spa, golf simulator, sport/pickleball court, outdoor BBQ & fireplace, & new landscaping featuring 2 dog run walking path, garden, mature olive, citrus, oak & oleander trees, turf, irrigation, & exterior lighting. Additional rooms include large private gym w/enclosed massage room, office, kid's lounge/playroom, and art and study rooms. Safe room connects to basement with shooting range, lounge and bar, and recreation barn. Short drive to world class resorts, dining, shopping, Paradise Valley County Club & both Scottsdale & Phoenix Airports.
20958 N 112th Street Scottsdale, AZ 85255
$32,000,000
6
Beds
8
Baths
14,369
SqFt
Status
Active
MLS #
6629219
Property Type
Single Family Residence
Price Type
--
Perched high in the McDowell Mountains in Scottdale's most exclusive community of Silverleaf sits this one of a kind masterpiece with unmatched views of the valley below. Thoughtfully designed by Erik Peterson of PHX Architecture, styled by Laura Kehoe of Laura Kehoe Design, and built with the ultimate in perfection by Ted Reisdorf of Paragon Custom Homes into a true work of art. This newly completed desert contemporary estate has been constructed with only the highest quality of finishes by the valleys top artisans. From the striking great room open to the outdoors and the designer kitchen with a full catering kitchen, both casual and formal dining with an additional butlers pantry to the thoughtfully designed entertainment zone complete with nightclub bar, billiards, lounges, multi game simulator, wine room, and theater room, to the private office and the palatial 2,000 sq ft owners suites with sitting room and wet bar, dramatic laydown city light and mountain views from the bed, 3 designer Chanel like closets with private laundry, and a true spa like bathroom with dual commodes, dual vanities and makeup station, expansive multi head steam shower, soaking tub as well as its own private garden and hot tub overlooking the valley, this estate has it all. Family and guests are sure to feel like royalty in any of the 3 full guest with separate family room in the main house or they may choose from either of the two guest casitas. Embodying a true indoor outdoor lifestyle, entertaining spaces flow to the beautiful outdoors all with amazing mountain, sunset, and city light views of the valley below; from the main level pool, multiple sunning and covered patios, outdoor kitchen, lush grassy lawn, and 2 separate hot tubs. As if all this wasn't enough The Aerie is offered fully furnished from accessories, art, rugs, linens, to dishes, and more... all you need to do is bring your toothbrush and starting enjoying life at its best. Developed by DMB Development, Silverleaf is a private guard gated community that is enhanced by tree lined streets, private parks and the most secluded enclaves of homes in Arizona. At the center of Silverleaf sits the renowned Silverleaf Club which boasts a par 72 Tom Weiskopf designed golf course, dramatic clubhouse, spa and countless other options for experiencing the desert resort lifestyle.
21235 N 102nd Street Scottsdale, AZ 85255
$30,000,000
6
Beds
8
Baths
14,048
SqFt
Status
Active
MLS #
6625299
Property Type
Single Family Residence
Price Type
--
The Barn at Silverleaf - Discover the ultimate in luxury lifestyle. This awe-inspiring modern interpretation of this Prairie style estate is the result of a two year design effort by renowned architect CP Drewett and a hand selected team of consultants. World class interior design is currently being developed by Claire Ownby, founder of Ownby Design. While the vision is a sophisticated custom estate of just over 14,000 square feet, the functionality is comfortable and inviting. The unique design truly elevates the tenets of desert modernism and resort style living. Perched at the summit of a long private driveway, every area of this three-acre estate has spectacular views and are destinations within themselves. The Barn is horizontal in nature with extremely deep overhangs and a hip roof that slopes downward from all sides-marquis elements of Prairie-style architecture. Dry-stacked ledgestone and textured travertine penetrate the architecture, so there's a direct connection from the outside in. Broad walls of glass and pocketing doors open this three-story home to sweeping views of the city below and the mountainous landscape above. Expansive patios plus a full lap-length pool on one level and a second pool directly above it take indoor/outdoor living to a new level. The 6,600-square-foot main-level living space includes a spacious owner's suite with a resort-style bathroom and massive custom his-and-her closets. The secondary owner's suite and a guest suite both have stunning views and luxurious spaces. The exquisite kitchen blends with sleek custom elements, the finest appliances, and a guillotine glass connection that links to a fully equipped back kitchen. In addition, the home has two large bars-an indoor/outdoor bar on the main level and another in the game room, which opens up to the showroom garage. The lower level is 4,600 square feet featuring a 12-car show garage, a spa-inspired gym with an indoor hot tub, cold tub, sauna, steam, and full bathroom. Other lower-level features include a 12-seat home theater, golf simulator, putting complex, and game room that consists of a lounge with a bar and media space. The upper level has sweeping 360-degree views including a canyon of saguaros and untouched desert beauty. This upper level includes private guest rooms, eight guest bunk room, and a large office suite all with access to outdoor living spaces. This estate truly magnifies a thoughtful and elevated contemporary design unlike any other in the Valley. A Silverleaf Club Golf Membership is immediately available with the purchase of this property. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.
2671 Highway 82 -- Patagonia, AZ 85624
$29,950,000
16
Beds
15
Baths
8,934
SqFt
Status
Active
MLS #
6595615
Property Type
Single Family Residence
Price Type
--
This is your opportunity to own the historic Rail X Ranch, set against a landscape that is truly breathtaking! To the West are hypnotic sunsets and to the East is the Coronado National Forest with vistas that seem to go on forever. This is a rare chance to own a piece of Arizona's history. Located at 4,500 feet above sea level temperatures are generally 10 to 15 degrees cooler year-round than in nearby Tucson. This stunning 1739 Acre Ranch Estate features a main residence with casita totaling 11,398 square feet and containing 8 bedrooms, 9 full bath rooms and 3 half baths. The main house was Constructed in 1937 and is nestled in the foothills overlooking a tree lined pond and containing numerous patios and porches to enjoy both sunsets and sunrises. The property also has 2 additional homes for employees or managers as well as 3 apartments for employees or guests. The Ranch features a 1930s barn which serves as a workshop and storage area as well as a steel building which could easily converted to a horse barn. The main compound also includes a large office suite and conference room, the property has everything you need to work from home or to handle ranch operations on site. After decades without hunting, wildlife abounds at the Rail X Ranch, including deer, dove, quail, and even javelina. The birding is exceptional, with more than 260 species documented in the nearby Patagonia Sonoita Creek Preserve. Just South of town, there are myriad opportunities for fishing and boating at Patagonia Lake State Park; and the area is filled with wonderful opportunities for horseback riding and hiking. The Ranch has the added benefit of having an artesian well on the property with Water bubbling up and feeding a transportation ditch to deliver this precious resource throughout the ranch. Combined with 8 wells situated throughout the property the Ranch has a unique and valuable asset in its water resources. To complete the picture, The Rail X is also one of the few ranches in the area which has maintained ownership of the mineral rights for the property. This asset provides land security now and into the future. The Rail X Ranch is truly an iconic and unique part of Arizona's History and Heritage and provides a rustic setting yet with all of the upscale amenities to enjoy and cherish your living environment!
7620 N Red Ledge Drive Paradise Valley, AZ 85253
$29,000,000
8
Beds
10
Baths
16,000
SqFt
Status
Active
MLS #
6652586
Property Type
Single Family Residence
Price Type
--
Step into the future of architectural brilliance with this forthcoming masterpiece, the 16,000-square-foot modern home Serenity Heights (one of two executive homes in ''SaddleRidgeLiving'' Development), that has been designed and will be built by renowned architect Ivan Shongov of architekshon, Inc, alongside Kurt Holland of Incline LLC in the prestigious Clearwater Hills community the highest and most coveted view lot in Paradise Valley. This contemporary haven stands as a testament to innovation, luxury, and the seamless integration of design and nature. Architectural Marvels: Envisioned by a luminary in the field, this modern marvel transcends traditional boundaries. The design seamlessly merges sleek lines, expansive glass, and cutting-edge materials to create a residence that not only defines modern living but redefines it. The cantilevered infinity pool is thoughtfully designed with a glass bottom and ambient lighting unveiling the intricate details of the natural rock formations. Unrivaled Views: Situated on a sprawling 11-acre estate, this home commands the highest and most coveted view lot in Paradise Valley offering unparalleled views of Mummy and Camelback Mountain. Experience the ever-changing panorama from nearly every corner of the home, where nature becomes a living canvas. Environmental Harmony: Designed with a commitment to environmental preservation, this residence minimizes intrusion on the natural surroundings, allowing you to coexist harmoniously with the beauty of the landscape. Exclusive Privacy: Nestled within the 24-hour attended gated Clearwater Hills community, this property boasts an exclusive private gated entrance and a majestic 3,000-foot driveway which is shared with only one other estate home in Saddleridge. Luxurious Features: Indulge in the amenities of this exquisite residence, kitchen with butler's pantry, and dining areas to the balcony; living room with fireplace; expansive bar; library; home theater; family room; professional gym with dressing room, sauna, and steam room; ~3,000-bottle wine room; atrium lobby with staircase and circular glass elevator; private office; primary suite with a suspended fireplace, extensive closet systems, ensuite bathroom, and private laundry; roof terrace featuring two gazebos, an outside bar, and lounge areas, along with a custom ~10-person hot tub; IT room; secure safe room; home automation and sound system; and a 24-zone HVAC system. Experience a sense of liberation and escape in the middle of the fifth largest city in the country. The design and location make you feel like you're in a different cosmos, providing a retreat from the hustle and bustle while being close to Scottsdale and Phoenix airports. Serenity Heights is not just a dwelling; it's an elevated lifestyle, a retreat where architectural innovation meets natural splendor, offering privacy, luxury, and an unparalleled sense of being on top of the world. Welcome to your future haven in the sky. Don't miss the video!
6418 E Joshua Tree Lane Paradise Valley, AZ 85253
$29,000,000
6
Beds
10
Baths
11,215
SqFt
Status
Active
MLS #
6631288
Property Type
Single Family Residence
Price Type
--
Now in permitting for 2025 arrival is one most unique and luxury homes anywhere. A backyard water wall ( Aria in Vegas) etched Mummy Mt, AND a river/pool that runs the length of the rear of the home are just some of the many ways this home is special. Staring at Camelback Mt. overlooking the Ritz with 180-degree views here comes a re positioned 2 story 11,213 sq,ft, masterpiece The 2nd floor features a primary suite, plus 4 bedrooms, 3 outdoor decks, an office, a conference room AND a roof top pickle ball court. The 1st floor is an entertainers masterpiece designed for the best in indoor/outdoor experience featuring a Chef's Kitchen with Sushi & Juice Bars. Formal & Informal great, family and dining rooms. Primary and Guest Suite this has it all roof top pickle board court. There's even a fire pole. The first floor is an entertainer's dream opened to see either Mummy or Camelback Mountain with every turn. A primary suite and bedroom are on the first floor as are a great room, office, glass elevator, dining room, breakfast nook, formal kitchen, family kitchen, family room, vault, laundry, pantry, golf simulator ,4 car garage and so much more. Look for the demolition of the old home to occur soon and then see for yourself the great view of Camelback and the beginnings of our magic with Mummy Mt. If you wish to put your special touches on this home the land can be sold at the current price of $12,000,000 or buy as designed for $29,000,000 with transitional luxury housing included. This is a WOW.
10739 E Diamond Rim Drive Scottsdale, AZ 85255
$25,990,000
5
Beds
7.5
Baths
12,128
SqFt
Status
Active
MLS #
6608574
Property Type
Single Family Residence
Price Type
--
This exceptional estate in North Scottsdale sits proudly on 3.67 acres in the renowned Horseshoe Canyon of Silverleaf. Architect Mark Candelaria has created a masterful design of 12,128 square feet including 5 bedrooms, 5 full bathrooms, 2 powder rooms + pool bath, a private office, 8 car garage, and additional rooms to provide flexibility for the owner. The team of Salcito Custom Homes and Salcito Design Group will surely surpass your expectations with the superior quality of construction, thoughtful amenities, the finest of finishes, and attention to detail throughout. The enticing outdoor living spaces flow seamlessly from the interior, while the gorgeous pool, spa, extensive lawn areas, outdoor kitchen, and lush landscaping set the scene for the lifestyle you expect. The setting is picturesque with breathtaking city light and golf views, all while being surrounded by the dramatic McDowell Mountains. A unique opportunity as the only available new home, one of only 24 custom homes, in Horseshoe Canyon. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.
6721 E Cheney Drive Paradise Valley, AZ 85253
$25,000,000
11
Beds
10.5
Baths
22,222
SqFt
Status
Active
MLS #
6670110
Property Type
Single Family Residence
Price Type
--
Welcome to Villa de Angeli, a timeless masterpiece nestled within the serene beauty of Paradise Valley, Arizona. This sprawling estate, spanning over 22,000 square feet, is situated on 3+ acres of absolute paradise. It features 11 bedrooms, 15 baths, 3 kitchens, a billiards room, a 12-seat tiered theater, stunning wine room, a pool house, and an indoor basketball/pickleball court. An expansive remodel by an award-winning design team was just completed on the primary residence, including the addition of the great room & wine cellar, a complete theater and kitchen update, new Calacatta Gold marble flooring, and incredible crystal silver leaf chandeliers. Throughout this impeccable legacy estate, you are surrounded by marble and hardwood floors, imported stone and tile work, custom Cantera stone fireplaces, grand iron doors, massive mesquite beamed ceilings with carved corbels above, all of which create an atmosphere of unparalleled luxury. As you arrive at one of two gated and secluded entries, you'll be greeted by lush, mature landscaping that envelops the property in a quiet enclave of luxury and opulence. The long, beautifully landscaped motor court sets the stage for the upcoming grandeur. Step into the primary open-air courtyard, guarded by a palatially carved Cantera archway and Juliet balconies. Enjoy listening to the sounds of the central fountain and roaring fireplace paved underfoot with old Chicago brickwork. Enter the grand reception room, adorned with polished and leathered Calacatta marble flooring, a double height hand-carved Cantera fireplace with overmantel, exquisite crystal and silver-plated chandelier, 22' ceilings, and 16' retractable doors that open to the resort like grounds. The secondary courtyard entrance welcomes house guests through original Mexican mesquite doors from the 1800s. It opens to a delicious courtyard and gathering room offering a private sanctuary with gardens, a central fountain, and a Cantera fireplace indicative of a Spanish villa. Outside, the resort-style pool beckons with its lazy river and breathtaking views of the surrounding mountains. With multiple covered and open-air entertaining areas and vistas, Villa de Angeli epitomizes the essence of a world-class resort. Centrally located in Paradise Valley, just steps from the new Ritz Carlton resort and close to high-end shops and restaurants, this estate offers a rare opportunity to acquire a property of such magnitude and beauty. Welcome home to Villa de Angeli, where luxury and comfortable living know no bounds.
20401 E Germann Road Queen Creek, AZ 85142
$24,888,888
14
Beds
15
Baths
30,066
SqFt
Status
Active
MLS #
6675157
Property Type
Single Family Residence
Price Type
--
Experience the stately life where Gilbert, Mesa & Queen Creek intersect! Where every family's dream home becomes reality! This 5 acre guard gated equestrian compound under construction for 3 years, completed in Q3, can still be customized and made your own. Main House:8 Bedrooms,10 Bathrooms Guest House:4 Bedrooms,3 Bathrooms Guard House:2 Bedrooms,2 Bathrooms. Amenities Include: NBA Indoor Basketball Court, Rock Climbing Wall, Bowling Alley, Aerial Silks, Indoor Scuba Diving Pool & Spa, 2 Pickle Ball Courts, Fishing Lake, Rooftop Hot Tub, Theater, Arcade, 9 Hole Put-Put Golf Course, Wellness Center w/Cold Plunge, Infrared & Dry Sauna, Card room, Hidden Rooms, Hidden Passages, Indoor Tree House, Full Size Football Field, Tesla Solar Panels, Commercial Catering Kitchen,& 18 Garages!