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7540 N Red Ledge Dr, Paradise Valley, AZ, 85253

$21,000,000

5 Bedrooms
7 Baths
11,500 SqFt
$1,826/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingAttch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener, Separate Strge Area, Temp Controlled
Garage5 spaces
Year BuiltNew Const., 2026
HeatingNatural Gas
Fireplace2 Fireplace, Gas
ViewCity Lights, Mountain(s)
Private PoolYes
MLS #6652584
Lot Size5.01 Acres
StatusActive

About 7540 N Red Ledge Dr

Step into the future of architectural brilliance with this forthcoming masterpiece, the 11,500-square-foot modern home Whispering Heights (one of 2 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 on one of the highest and most coveted view lots 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 sheer artful streams of water that cascade over the pool's edge, gracefully descending to meet the first floor. Unrivaled Views: Situated on a sprawling 5-acre estate, this home offers 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, it features its own private gated entrance and a majestic ~3,000-foot drive, which it shares with just one other Saddleridge estate home. Luxurious Features: Indulge in the amenities of this exquisite residence, featuring his and her offices, a home fitness studio and sauna, dual primary suites, a chef's dream kitchen with a butler's pantry, movie theatre, wine room, a circular glass elevator and a pool cabana. The five-car garage, roof terrace, and state-of-the-art home automation complete this unparalleled living dream. 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. Whispering 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!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2026
  • Stories: 3
  • Living Area: 11,500 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Arizona Properties
  • Office Phone: (480) 467-4900
  • Listing Agent: Mary Jo Santistevan, Mike Santistevan

Interior Features

Interior Information:

  • Flooring Type: Stone, Wood, Concrete
  • Interior: Master Downstairs, Upstairs, Eat-in Kitchen, Elevator, Fire Sprinklers, Kitchen Island, Pantry, 2 Master Baths, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Smart Home, Granite Counters
  • Fireplace: 2 Fireplace, Gas

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: City Lights, Mountain(s)
  • Exterior: Balcony, Misting System, Patio, Private Street(s), Private Yard, Storage, Built-in Barbecue

Parking Information:

  • Garage Space: 5 spaces
  • Parking: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener, Separate Strge Area, Temp Controlled

Lot Features

Lot Information:

  • Lot: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front
  • Lot Size: 5.01 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: North on Tatum Blvd, past Paradise Valley Country Club. Left at the light at Clearwater Pkwy, proceed to gate house. Guard will direct to the highest view lot in the community of Clearwater Hills.

Price Information

Listing Price Info

Price Summary:

  • List Price: $21,000,000
  • Price Per SqFt: $1,826/SqFt

HOA Fees:

  • Amount: $4500
  • Frequency: Annually

Tax Information:

  • Annual Amount: $5,278
  • Tax Year: 2021
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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

84

# of Sold Homes

21

7540 N Red Ledge Dr vs Paradise Valley

300 DAYS ON ROCKET

+216 Days

$21,000,000

+$17.8M More

$1,826/SqFt

+$1.1K More

KEY TAKEAWAY

This property is $17.8M more than the Median Sold Price and $1.1K/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: #6652584

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Arizona Properties
  • Office Phone: (480) 467-4900
  • Listing Agent: Mary Jo Santistevan, Mike Santistevan

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: 11/14/2024, 5:21:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 05, 2011Home Sold
$329,000
May 25, 2011Home Sold
$1,350,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,278$193,470
2020$5,041$269,130
2019$4,968$209,775
2017$4,607$75,000

History based on county public records data.

Payment Calculator

$105.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$63K

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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-235221
10
/10
  • Cherokee Elementary School

  • 8801 N 56th St

  • 2.40 miles

  • Public District Grades EE-5

school-card-donut-235222
6
/10
  • Madison Heights Elementary School

  • 7150 N 22nd St

  • 2.42 miles

  • Public District Grades PK-4

school-card-donut-235223
8
/10
  • Mercury Mine Elementary School

  • 9640 N 28th St

  • 2.52 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $200,655. Typical income of Paradise Valley, AZ residents is $200k+ annually. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7540 N Red Ledge Dr

What is the listing price of this property?

The listing price of 7540 N Red Ledge Dr property is $21,000,000.

What type of property is this?

The property 7540 N Red Ledge Dr is a house located in Paradise Valley, Arizona, 85253.

Is this property for sale now?

Active Listing: 7540 N Red Ledge Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,278 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 5, 2011 for $329,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7540 N Red Ledge Dr has 5 bedrooms and 7 bathrooms.

What is the square footage of this property?

The property 7540 N Red Ledge Dr is 11,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7540 N Red Ledge Dr is 2026.
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Rocket Homes›Arizona›Maricopa County›Paradise Valley›85253›7540 N Red Ledge Dr

This home is located at 7540 N Red Ledge Dr in Paradise Valley, AZ and zip code 85253 in the Clearwater Hills neighborhood. This 11,500 square foot home, which was built in 2026, sits on a 5.01 acre lot. Features: 5 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since January 19, 2024 and is currently priced at $21,000,000.

In October 2024, from all listings sold in Paradise Valley, AZ there were more than 2 sold above asking price, over 14 sold below and more than 5 were sold right at the asked price. Between September 2024 and October 2024, Paradise Valley, AZ real estate market has seen increase in the number of listings by 16.9%. The median list price of listings available in October 2024 was $3,150,000, while the average time on the real estate market was 84 days.

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

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