5 months on rocket

7246 N 40th St Unit 7, Paradise Valley, AZ, 85253

$14,850,000

4 Bedrooms
5 Baths
8,250 SqFt
$1,800/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDir Entry frm Garage, Electric Door Opener
Garage4 spaces
Year BuiltNew Const., 2026
HeatingElectric
Fireplace2 Fireplace, Two Way Fireplace, Living Room, Gas
ViewCity Lights, Mountain(s)
Private PoolYes
MLS #6726877
Lot Size1.68 Acres
StatusActive

About 7246 N 40th St Unit 7

Crown Canyon presents Garnet, an award-winning architectural masterpiece under development by esteemed luxury home builder BedBrock Developers. This remarkable design, inspired by the elevated site and terrain, is floating on the hillside within Arizona's most exclusive gated community. The home centers around a two-story great room that seamlessly extends to front and back terraces, providing efficient main-level living and outdoor entertainment areas shaded by cantilevered rooflines. Both levels of the residence offer intimate spaces and stunning views of the Four Peaks, enveloping the residents in the surrounding desert beauty. The material palette is rooted in native colors, drawing hues from the warm sand and exposed rocks of the mountain face. We welcome you to experience the timeless luxury and privacy that the Garnet residence has to offer. Discover the exquisite allure of Crown Canyon, a secluded and untouched 30-acre enclave in the prestigious community of Paradise Valley. Nestled within a breathtaking mountain preserve, this is home to 12 exceptional luxury residences. Meticulously designed by renowned architects, these one-of-a-kind homes embrace the natural beauty of the surroundings, maximizing the captivating views and unique topography of each homesite. Experience tranquility, seclusion, and utmost security within this gated haven, ensuring unparalleled peace of mind.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2026
  • Stories: 2
  • Living Area: 8,250 SqFt

Listing Office:

  • Office Name: Bedbrock Real Estate Company
  • Office Phone: (602) 717-9366
  • Listing Agent: Silje Garner, Nicole Meacham

Interior Features

Interior Information:

  • Flooring Type: Tile, Wood
  • Interior: Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Drink Wtr Filter Sys, Elevator, Fire Sprinklers, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet
  • Fireplace: 2 Fireplace, Two Way Fireplace, Living Room, Gas

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: City Lights, Mountain(s)
  • Exterior: Covered Patio(s), Patio, Built-in Barbecue

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Dir Entry frm Garage, Electric Door Opener

Lot Features

Lot Information:

  • Lot: Sprinklers In Front, Desert Front, Desert Back
  • Lot Size: 1.68 Acres

Utilities

Utilities Information:

  • Heating: Electric

Other

Directions Information:

  • Directions: North on 40th St, take the road to the end where you reach the gate of Crown Canyon.

Price Information

Listing Price Info

Price Summary:

  • List Price: $14,850,000
  • Price Per SqFt: $1,800/SqFt

HOA Fees:

  • Amount: $1500
  • Frequency: Annually
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Housing Market Comparison

See how this home compares to others in Paradise Valley, AZ.

Med. Sold Price

$3.1M

Med. Price/SqFt

$717

Avg. Days On Market

72

# of Sold Homes

26

7246 N 40th St Unit 7 vs Paradise Valley

172 DAYS ON ROCKET

+100 Days

$14,850,000

+$11.6M More

$1,800/SqFt

+$1K More

KEY TAKEAWAY

This property is $11.6M more than the Median Sold Price and $1K/SqFt more than other homes in Paradise Valley, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6726877

Listing Office:

  • Office Name: Bedbrock Real Estate Company
  • Office Phone: (602) 717-9366
  • Listing Agent: Silje Garner, Nicole Meacham

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 8:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$74.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$44.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1069750
6
/10
  • Madison Heights Elementary School

  • 7150 N 22nd St

  • 2.05 miles

  • Public District Grades PK-4

school-card-donut-1069751
8
/10
  • Mercury Mine Elementary School

  • 9640 N 28th St

  • 2.44 miles

  • Public District Grades PK-6

school-card-donut-1069752
10
/10
  • Cherokee Elementary School

  • 8801 N 56th St

  • 2.79 miles

  • Public District Grades EE-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $118,056. Residents of Paradise Valley, AZ typically earn between $35k-100k each year. Typical family type is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7246 N 40th St Unit 7

What is the listing price of this property?

The listing price of 7246 N 40th St Unit 7 property is $14,850,000.

What type of property is this?

The property 7246 N 40th St Unit 7 is a house located in Paradise Valley, Arizona, 85253.

Is this property for sale now?

Active Listing: 7246 N 40th St Unit 7 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 7246 N 40th St Unit 7 has 4 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 7246 N 40th St Unit 7 is 8,250 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7246 N 40th St Unit 7 is 2026.
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Rocket Homes›Arizona›Maricopa County›Paradise Valley›85253›7246 N 40th St Unit 7

This home is located at 7246 N 40th St Unit 7 in Paradise Valley, AZ and zip code 85253 in the Camelback East neighborhood. This 8,250 square foot home, which was built in 2026, sits on a 1.68 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since July 03, 2024 and is currently priced at $14,850,000.

In November 2024, from all listings sold in Paradise Valley, AZ there were more than 0 sold above asking price, over 19 sold below and more than 7 were sold right at the asked price. The number of homes for sale in Paradise Valley, AZ increased by 9.4% between October 2024 and November 2024. In November 2024 median list price was $3,187,500 and the average listing age was 72 days.

From Rocket Homes Real Estate and based on county public records data.

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