What homes sell for in each Paradise Valley enclave, from the Cromford Report and recorded sales.
Paradise Valley Home Prices by Neighborhood (Updated Q4 2026)
By Clayton Wolfe, Partner at The Agency · Published October 30, 2026 · Last updated November 2, 2026
I'm Clayton Wolfe, Partner at The Agency in Scottsdale. I've represented buyers and sellers in Paradise Valley since 2020. This page answers one question: what homes actually sell for, enclave by enclave. It is about sale price and price per square foot, not the cost of carrying a home once you own it.
The median Paradise Valley sale was $4.25 million over the twelve months to October 2026, on 339 sales at $952 per square foot, per the Cromford Report neighborhood page for the Town of Paradise Valley. The middle half of those sales closed between $3,250,000 and $6,250,000.
Paradise Valley is one ZIP code, 85253, but it behaves like several markets stacked on top of each other. The spread inside that range comes down to the lot: hillside parcels on Mummy Mountain and Camelback, guard-gated enclaves, and new construction sit at the top, and the 1960s and 70s flat lots in the north and east sit at the bottom. The neighborhood is what matters.
Right now there are 159 homes for sale against 339 sales a year, which is 171 days of supply. Typical days on market is 98, and sellers took a median 17% below first asking price over the year.
Sale price is only the entry number; for the annual carrying cost of a Paradise Valley home, see what it costs to own.
Neighborhood | Homes | Sold, last 12 months | Median sale price | Median assessor value | Typical lot (sq ft) |
|---|---|---|---|---|---|
Camelback Lands | 29 | 4 | $11,400,000 | $8,450,000 | 93,160 |
Paradise Hills | 99 | 4 | $10,550,000 | $3,700,000 | 51,719 |
Invergordon Manor (new build) | 10 | 3 | $10,000,000 | $8,500,000 | 51,404 |
Camelback Country Club Estates | 135 | 4 | $7,550,000 | $3,650,000 | 46,315 |
Custom estates on unplatted lots | 512 | 22 | $6,350,000 | $5,200,000 | 51,413 |
Paradise Valley Estates | 40 | 4 | $6,000,000 | $4,780,000 | 49,353 |
Finisterre (guard-gated) | 89 | 5 | $5,150,000 | $5,750,000 | 46,033 |
Cheney Estates (guard-gated) | 72 | 4 | $4,550,000 | $4,280,000 | 24,712 |
Camelback Country Estates | 200 | 15 | $4,170,000 | $3,980,000 | 45,196 |
Mummy Mountain Park | 87 | 5 | $4,000,000 | $4,200,000 | 48,858 |
Mockingbird Lane Estates | 128 | 6 | $4,000,000 | $3,930,000 | 44,857 |
Clearwater Hills (guard-gated) | 181 | 11 | $3,500,000 | $4,330,000 | 45,093 |
Tatum Canyon | 54 | 3 | $3,500,000 | $3,780,000 | 49,533 |
Paradise Valley Country Estates | 55 | 5 | $3,000,000 | $3,130,000 | 46,889 |
Source: recorded sales from Maricopa County affidavits of value, twelve months to October 2026, single-family detached, as compiled by the Cromford Report neighborhood page for the Town of Paradise Valley (updated October 29, 2026). Subdivisions with fewer than three sales are left out. With three to six sales, a single teardown or new build moves the median by millions; read those rows as a marker, not a price list. Assessor value is the county’s full cash value for the typical home in the subdivision, which runs below sale prices for long-held homes.
How Paradise Valley breaks down by home type. This is how buyers should place a budget before they pick a street. Same source.
Segment | Homes | Share of town | Median assessor value | Typically built | Median sq ft |
|---|---|---|---|---|---|
Luxury estate homes | 800 | 13% | $8,650,000 | 2009 | 8,243 |
2010s larger custom | 1,094 | 18% | $5,800,000 | 2011 | 5,865 |
1980s larger custom | 1,781 | 30% | $4,160,000 | 1986 | 5,248 |
Mainstream detached | 2,118 | 35% | $2,930,000 | 1972 | 3,510 |
Larger condos and townhouses | 138 | 2% | $3,490,000 | 2020 | 2,959 |
Camelback Country Estates
Big flat lots at the base of Camelback with the mountain filling your back windows. The original homes are being replaced one by one, so you're often choosing between a well-kept 1980s house and a new build next door at double the price. Check the HOA's architectural rules before you plan a teardown.
Clearwater Hills
The original guard-gated hillside community in town. The views are the product, and the Hillside Development ordinance governs nearly every parcel, so a remodel or addition takes longer and costs more than it would on a flat lot. I budget time for Hillside review on every Clearwater purchase.
Mummy Mountain
This is where the record sales happen. Lots vary more here than anywhere else in town, from one acre to five, and the slope determines what you can build far more than the acreage does. Two listings at the same price can have wildly different buildable area. Get the slope analysis before you fall in love with the view.
Finisterre
Ninety-three custom homes behind a guard gate. Lots run one to two acres and most of the homes are large and well built. Inventory is scarce; when something comes up, it's often sold before it hits the MLS.
Cheney Estates
Seventy-two homes, guard-gated, quiet, and consistent. It's the entry point to a guard gate in Paradise Valley. Much of the product dates from the original build-out, so inspect the roofs, plumbing, and pools carefully.
Mockingbird Lane corridor
Mockingbird Lane holds the town's record sale at $40.24 million, set in July 2026 and the most expensive home sale in Arizona history, and the corridor around it carries that reputation. Mockingbird Lane Estates itself has lots near an acre with homes from the 1970s through the 2010s, and the east side toward Tatum opens up to much larger parcels. Pricing here is driven by lot and renovation level, not the street name.
Lincoln Drive corridor
Lincoln runs the length of the town, so "Lincoln Drive" means different things at different addresses. The east end near Tatum is flat acre lots. The west end climbs toward Camelback and Clearwater. The condos along Lincoln near the resorts are a separate market and don't comp against the estates.
Tatum and Doubletree area
The eastern parcels run deep, which is why builders and buyers who want a tennis court or a second structure look here first. Flat, easy to build on, and no Hillside review on most lots. It's the best value per acre in town for a buyer who plans to add or rebuild.
Paradise Valley Country Club area
Golf frontage, Camelback Inn next door, and no gate. The club is private and membership is separate from the home. This is a flat-lot market with a strong second-home component, so the condition of the homes varies more than the prices suggest.
New construction and spec homes, townwide
Builders are delivering 6,800 to 7,400 sq ft homes at roughly $800 to $900 per foot, and new construction over 8,000 sq ft has been closing between roughly $1,400 and $2,000 per foot. The spread is the tier, not the town. A spec home sells a finished answer; a resale sells a project. I usually find that buyers who can wait 18 months and manage a build save real money, and buyers who can't are paying for certainty.
For a seller, this is why a pre-listing inspection pays for itself in this market. I covered that in pre-listing inspections for Paradise Valley luxury homes. For a one-of-a-kind property, see how I price homes with no comps.
Short answers to the questions I hear most. Each one is covered in more depth above.
Mummy Mountain and the Mockingbird Lane corridor hold the town's record sales, including the $40.24 million sale on Mockingbird Lane in July 2026 that set the Arizona record. By recorded sales over the twelve months to October 2026, the highest neighborhood medians are Camelback Lands ($11.4 million on 4 sales), Paradise Hills ($10.55 million on 4 sales) and Camelback Country Club Estates ($7.55 million on 4 sales). Among guard-gated communities, Finisterre ($5.15 million) closed higher than Clearwater Hills ($3.5 million on 11 sales), though Clearwater has the widest spread in town because of its hillside lots.
The median recorded sale over the twelve months to October 2026 was $4,250,000, with the middle half of sales between $3.25 million and $6.25 million. The median home is about 5,100 square feet on a one-acre lot. Flat-lot neighborhoods in the north and east start around $3 million; hillside, guard-gated and new-build product runs well above the median.
Clearwater Hills, Finisterre, Cheney Estates, and Camelback Country Estates are the main guard-gated communities. Most of Paradise Valley is not gated at all, which surprises buyers coming from other luxury markets. The Country Club area is private golf, not a gated neighborhood.
Building is usually cheaper per square foot but takes 18 months or more, and a hillside lot adds review time and cost. A spec home costs more because you're paying for the finished product and the time saved. I help clients run both numbers on the specific lot before they decide.
One acre for most of the town, under R-43 zoning. Some older platted lots are smaller and were grandfathered in. Lot splits below one acre are generally not allowed, which is why acreage stays consistent and why deep lots east of Tatum carry a premium.
Clayton Wolfe, Partner at The Agency, Scottsdale. Luxury real estate specialist for Paradise Valley, Scottsdale, and Arcadia, with a niche in airpark and hangar-home properties. $100M+ in closed sales. RealTrends Verified #59 in Arizona by sales volume. Member of REALM. Founding member of the American Real Estate Association. Commercially rated pilot, 2,000+ hours.
More about Clayton. Thinking about buying or selling here? Start the conversation.