4 Financial Benefits of Home Ownership

4 Financial Benefits of Home OwnershipHome ownership may be one of the most familiar goals of adulthood, but there’s more than one reason why so many people flock towards this type of investment and leave the rental market behind. If you’re trying to decide if you should make the big plunge towards buying, here are some benefits of saving up for a down payment and finding the right place to settle in.

It’s More Economical

Many people eschew home ownership simply because it can be hard to wrangle together the funds for a down payment. However, while a monthly rental is money you’ll never see again, the money you put down on a mortgage is being invested back into your home, making for a solid investment you can capitalize on later.

Instant Tax Deductions

The interest that you pay on your mortgage payment can be one of the most tumultuous aspects of purchasing a home, but you may not know that you actually have the ability to deduct many associated costs on your taxes. From origination fees to property taxes, there are plenty of costs that go along with your home that can be claimed for a refund when tax time comes!

Paying A Lower Price

The real estate market fluctuates every day, but one thing is for the certain: the median price of a home is on the rise. While low inflation rates may not be ideal if you’re selling, they can mean a better deal if you’re delving into the market for the first time. Just remember, it’s important to buy a home you can afford as anything that goes beyond your budget is not a solid investment.

A Built-In Savings Account

It may be important to have liquid assets outside of the equity you have in your home, but many people struggle to pay off their home and save money at the same time. While saving outside of your monthly mortgage payment is still important, putting money down on a home is an act of investing, and it’s one you’ll likely make a solid profit on when you decide to sell.

There can be many financial benefits to renting in the short term, but purchasing a home is a more solid financial decision when it comes right down to it. If you’re considering a home and would like to know more about your options, please contact me for more information.

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 --
Arizona's leading custom home builder, Cullum Homes, is proud to partner with WOW and present Arizona's most expensive home to ever be built. 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.

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.

7292 Exotic Garden Drive Outside Arizona, CA 00000

$30,000,000 - 12Br/12Ba -  for Sale in Cambria, Outside Arizona
Open House
$30,000,000
12 Beds
12 Baths
32,500 SqFt
Status Active
MLS # 6618256
Property Type Single Family Residence
Price Type --
Wrapped in 180-degree protected ocean views, surrounded by pristine state park lands, the Retreat at Cambria is a supremely private, gated 78-acre coastal sanctuary offering unrivaled relaxation and recreational opportunities. Gently rolling vineyards, sprawling acres of equestrian and open space, and tranquil pine-studded woods are only the beginning. At the center of this dazzling, multi-structure property is an exquisite, expansive main residence offering exceptional comfort, protection, and privacy. Just a few steps from uncrowded beaches, the compound also includes a guest house, staff apartments, and two flexible event halls, for a total estate square footage in all structures of 32,500, with 12 bedrooms and 12 baths. The property's mild year-round climate, showroom storage for 60 vehicles and direct frontage on Pacific Coast Highway's most dramatic stretch north to Big Sur and Pebble Beach make it an ideal estate for automotive enthusiasts. Further features of this private domain include a helipad, equestrian facilities, a 6-acre Pinot Noir vineyard, and miles of private trails. Mere minutes from charming Cambria or San Luis Obispo (home to two of the finest farmers markets in California) and an easy drive or short flight from Los Angeles or San Francisco, the Retreat at Cambria represents the truly rare convergence of carefree solitude, convenience and virtually endless inspiration. The interior of the estate's main residence is gracious showcasing old world craftsmanship. The Great Hall opens to the vineyard view terrace. The Onyx Bar is a focal point for guests convenient to the fully equipped professional kitchen. The family room is a comfortable, centrally located, gathering place, opens to another terrace. The serene sanctuary of the master suite offers luxury amenities. Each guest suite offers a private bath and balcony. The West Wing leads to the home office, theater room, and a self-contained guest suite. This is an estate designed for entertaining from a private wine tasting for two to grand scale gala events. The event halls can be utilized as flexible spaces for a car collection. More than 60 vehicles can be housed in the estate showrooms. The conveniences of Cambria is less than two miles away. Airports and marinas are also nearby. A helipad on the property adds to the transportation options. Long a magnet for artists, musicians, and writers. Cambria is a favorite beach destination for visitors and a nurturing natural haven for her lucky residents. The Central Coast lifestyle has attracted the attention of the national press appearing in many recent 'Best of' lists. The property lies along the edge of Coastal Highway 1 aka Pacific Coast Highway, which has no peer. Its most scenic part begins where the estate's driveway ends, turn north and drive the legendary Big Sur coast. The real value of luxury is not the possessions themselves, but the experiences they make possible. We welcome you to encounter the priceless beauty of what's here, in this place, like no other.

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.

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 Cullum 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.

10944 E Whistling Wind Way -- Scottsdale, AZ 85255

$29,000,000
8 Beds
11 Baths
15,378 SqFt
Status Active
MLS # 6583185
Property Type Single Family Residence
Price Type --
BRAND NEW- have Certificate of Occupancy today 2/5/24!- GOLF MEMBERSHIP AVAILABLE! Price Includes $2 Mill of LUXURY FURNITURE! BUT I MUST BE UNDER CONTRACT BY 2/21 OR OWNER WILL MOVE IN + NOT SELL. The epitome of luxury + cutting edge design. A 15,378 sf 8 Bedrm 11 Bath CONTEMPORARY MASTERPIECE by BING HU, in SILVERLEAF'S UPPER CANYON w/ AMAZING VIEWS! Very rare- this hillside home is built up so it is on one level with no steps including its huge infinity pool + 11 car garages + 2 bedrm guesthouse + gym, except one room upstairs. 2 fabulous Primary suites. Soaring ceilings in the grand foyer + 21 ft high great room. It also has a $1 M theatre, 2 offices, sport court, golf simulator, cold plunge +3000 SF ROOM for GAMES/BOWLING/ or CAR SHOWRM (20 CARS TOTAL) w/ GLASS LIVINGRM +bar. Embrace an unparalleled lifestyle where modernity meets luxury!

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.

11200 E Canyon Cross Way Scottsdale, AZ 85255

$24,500,000
7 Beds
8.5 Baths
13,499 SqFt
Status Active
MLS # 6609079
Property Type Single Family Residence
Price Type --
Welcome to a world where opulence meets innovation and luxury finds its ultimate expression. Nestled within the prestigious guard-gated community of Silverleaf's Upper Canyon, this extraordinary masterpiece is renowned as ''Castle on the Hill'' the crown jewel of Silverleaf. Perched on over 3 acres of pristine desert landscape, this estate commands the most breathtaking views imaginable. Gaze upon majestic mountains and be spellbound by a sea of twinkling city lights that dance like stars in the night sky. This haven offers an unrivaled sense of privacy, tranquility and security. In Silverleaf, your sanctuary is protected, & serenity is assured. It's a lifestyle that speaks to those who demand the best. Designed and constructed in 2020 by Fratantoni Luxury Estates, this grand estate presents a striking fusion of Italian exterior architecture & modern French interior. Boasting an expansive 13,499 sf of living space, featuring 7 sumptuous bedrooms and 8.5 luxurious bathrooms. Your guests will be delighted to stay in the 2-br 2- ba great room floor plan encompassing 1,479 sf ensuring their comfort and privacy. Step through the imposing entrance and be transported into a world of refined opulence. The castle's interior is a testament to meticulous craftsmanship, with immaculate French inspired details, soaring ceilings & custom arches that create a sense of grandeur. Every corner tells a story of beauty from the glistening chandeliers to the intricate marble accents & masterfully executed stone brickwork. The home is more than a residence, it's an experience. The seamless blend of indoor and outdoor living spaces offers versatility for both intimate moments of quiet reflection and grand scale entertaining that will leave your guests in awe. The Castle on the Hill transcends the realm of real estate, it is a living work of art. Whether you seek a tranquil & cozy haven or an exhilarating & captivating entertaining space, this home offers the canvas upon which to paint your dreams. Where luxury knows no bounds, your kingdom awaits.

11235 E Wingspan Way Scottsdale, AZ 85255

$24,220,000
6 Beds
8.5 Baths
11,556 SqFt
Status Active
MLS # 6612872
Property Type Single Family Residence
Price Type --
Perfectly situated within the prestigious community of Silverleaf, this 4.67-acre estate crafted by Salcito Custom Homes is a true work of art. Positioned in the coveted ''saddle'' of the Upper Canyon Summit, this grand residence offers a blend of warmth and sophistication with its unique French Modern interior-style and meticulous architectural design by Dale Gardon. From its commanding position, the home captures sweeping views of the Silverleaf Golf Course and the valley below. Upon entering, the superb interiors, a collaboration with Rebecca Salcito of the Salcito Design Group, you are immediately captivated. From the marble-carved fireplace to hand-blown glass chandeliers, and draperies fashioned from ombre alpaca fabrics, every detail exudes luxury. European Oak wood flooring graces every room. Step through the welcoming foyer into an open floor plan that encompasses a captivating great room, a striking kitchen complete with a catering area, and a dining room featuring a wine wall. The kitchen showcases exquisite Bulthuap cabinetry, known for its clean design and unique features, including integrated appliances and a convenient breakfast cabinet. Both the main kitchen and catering kitchen boast Calcatta marble waterfall countertops with a leathered finish. The main level houses the office, owner's retreat, and seamless outdoor living spaces. The owner's retreat is a sanctuary of its own, graced with a beautiful marble fireplace mantel and a sitting room adorned with picture windows and access to a private spa cove. The ensuite bathroom showcases marble flooring, showers, and vanities, along with custom wood cabinetry featuring integrated hardware, a matte white soaking tub, and a custom 14' Bubble chandelier. Upstairs, a private office or additional ensuite guest room awaits, while the lower level offers an entertainment area with a spacious family room, game room, and two more ensuite guest rooms. As you approach the estate, a private gated driveway leads from the cul-de-sac to a generous auto court and garages, perfect for car enthusiasts with space for up to 11 vehicles. Additionally, a detached guest house offers incredible views, a living room, bedroom, and a separate garage. Outdoors, you'll find spacious living areas complete with fire features, a double-sided pop-up television cabinet, multiple dining and sitting spaces, a sparkling infinity pool, and a secluded private spa adjacent to the master bath. This distinguished home is a true gem for the most discerning, destined to be cherished and revered.