Luxurious Living | November 2014

NOVEMBER 2014

LIVING Pantone Color of the Year in Fashion, Beauty and Interiors

ON THE RISE What’s Happening in the Over $3 Million Market

North Scottsdale’s Finest Luxury Homes Shine Cover property presented by

MONICA MONSON & BARRY VAN PATTEN

dream flip this page and find your next dream home!

Monica Monson Luxury REALTOR®, CLHMS, ePRO 480.250.0848 monica@monsonluxurygroup.com

When it comes to a luxury brand, it takes intuitive knowledge and a deep understanding of the affluent consumer and what their lifestyle entails. When it comes to luxury real estate, these same principals apply and are critical components to the successful marketing and sales of any distinctive property. Monson Luxury Group has years of experience in marketing, branding and luxury real estate. We work with homeowners and developers bringing a wider view on the market conditions, the competition and luxury consumer behavior. We believe in relationships and bringing value to our clients, our colleagues and each other. Inside this edition of Luxurious Living we hope you’ll enjoy our collection of distinctive properties, each unique and special in the lifestyle they offer. Each that caters to living well - from city lights and golf views, to commercial kitchens and wine cellars, to home theaters and collectors garages. All designed with a passion for living life at its best.

SalesTeam Barry Van Patten REALTOR®, abr® 480.202.2413 barry.vanpatten@russlyon.com

Ashlyn Rowe REALTOR® 480.353.1558 ashlyn.rowe@russlyon.com

Carefree Grandview Estates | 35237 N. Ridgeway Drive Magnificent desert contemporary that blends as one with the stunning bouldered setting-like no other. Incomparable views. Parralled by exquisite fully furnished interiors & superior quality of construction & finishes. Award winning design by Jim Roberts. Enjoy the spectacular desert from sunfilled rooms and many patios & pool area. Dramatic entry opens to tremendous great room and dining. Beautiful and secluded master wing. Several rooms feature the grandeur of ancient boulders, gently illuminated at night. Private, spacious guest house. Also media room, two unique offices.

Exceptional finishes in the beamwork, natural stone floors, granite vanities, brushed steel island in a superb kitchen. Privately gated on Black Mountain in a canyon that is Carefree Grandview Estates.

3 bedrooms | 4.5 baths | 7,709 square feet | MLS# 4820270 *Trade Opportunities for Producing Cropland in the Midwest

$4,950,000

Pending Sale

The Peak | 9701 E. Happy Valley Road #3 Situated on over 4 acres, this stunning residence in The Peak offers over 7,000 sf of luxurious interiors including a beautiful open formal living room with wet bar and wine cellar, great room with stone fireplace, island kitchen with wrap around bar and casual dining nook, formal dining room with custom fabric wall finish and spacious den. The master retreat offers a fireplace, private fitness room, large master bath, and walk-in closet. Three additonal bedrooms and baths in the main house plus detached casita. Fantastic outdoor spaces include a pool and spa with generous entertainment space, kiva fireplace sitting area and built-in BBQ, stunning city and mountain views.

5 bedrooms | 6 baths | 7,004 square feet | MLS# 5054628

$3,350,000

Troon Mountain | 11390 E. Desert Troon Lane Nestled among the outcroppings of Troon, this very special Southwest-inspired residence offers a relaxing ambiance with stunning views from every angle. Beautifully selected interiors are warm and inviting including an intimate dining room and large formal living room that overlooks a dramatic boulder waterfall. The great room has a spacious cocina (or kitchen) with an eatin nook and family room that incorporates hand-scraped vega beams with rustic hardware. A beautiful wine room is adjacent to the wet bar and perfect for entertaining. The master retreat is the perfect place to take your cares away and offers a spa style bath. Feel like one with nature outdoors in multiple private settings including the pool, kiva fireplace, BBQ island with bar, dining area and so much more.

3 bedrooms | 4 baths | 4,004 square feet | MLS# 5074079

$1,350,000

Artesano at Troon | 24928 N. 107th Way Gothic Italian architecture was the true inspiration for this one-of-a-kind Villa in Artesano at Troon surrounded by mountain and Valley light views. Years of research went into the authentic design of this residence with beautifully crafted details such as custom stone windows in each and every space, leaded glass, handcrafted gas lanterns and sconces, hay-infused ceilings, artisan-carved doors and an aged facade with a Gothic inspired entry, ironwork and turrets. The residence features an upstairs master wing with Roman spa bath with retractable ceiling, Mermaid shower, sleeping quarters and an office with carved cabinetry, a fireplace and secret passageway. The main level offers a bar room with a stunning carved Canterra fireplace and a circular stairway to a wine cellar below. The Hunt Room (den) is architecturally stunning with textures of hay-infused ceilings and dramatically large windows. The formal living room is substantial with a hand-carved fireplace, music room and retractable glass walls while adjacent to a formal dining area. The carriage house is the perfect place for guests with a great room and bedroom suite, while the outdoors includes a Roman style pool & spa. The details are unmatched and truly exquisite.

3 bedrooms | 4.5 baths | 7,709 square feet | MLS# 4820270

$3,495,000

on the cover

Estancia Club | 9807 E. Blue Sky Drive Overlooking the 1st hole of the award-winning Estancia golf course, this magnificent residence embodies all things luxury. A private drive steers you to a spacious motor court & elegant entry. Interiors designed

by Est. Est., Inc. are intricate yet can stand the test of time w/ master carpentry, hand-carved Canterra, wood beam, copper and brick ceiling details, & Venetian / clay plaster walls. The dream kitchen is open to the great room w/ automated shades & a butlers pantry and wine cellar ready to service the formal dining room. The impressive theater has 3 TV’s & drop down screen when it’s show time. The guest wing offers two bdrm suites and family room while upstairs offers 2 bdrm suites (one as office), 2nd family room and game room. Simply fabulous!

5 bedrooms | 5 baths | 8,445 square feet | MLS# 5027741

$5,995,000

Pending Sale

“An enchanting harmony of fuchsia, purple and pink undertones, Radiant Orchid inspires confidence and emanates great joy, love and health. It is a captivating purple, one that draws you in with its beguiling charm.”

Radiant Orchid for Fashion

Radiant Orchid’s rosy undertones radiate on the skin, producing a healthy glow when worn by both men and women. A dazzling attention-getter, Radiant Orchid permeated the runways during the spring 2014 fashion shows and is already making its way onto the red carpet. Fashion designers featured in the PANTONE Fashion Color Report Spring 2014, including Emerson by Jackie Fraser-Swan, Juicy Couture and Yoana Baraschi, are incorporating Radiant Orchid into their spring collections and variations of this hue will carry into men’s and women’s clothing and accessories throughout next year.

Radiant Orchid for Beauty

A modern and surprisingly versatile shade, Radiant Orchid enlivens the skin, making all who wear it feel more healthy and energetic. Blending both cool and warm undertones, purple is an appealing hue for distinctive combinations and flattering to many hair, eye and skin tones.This multifaceted hue is seductive when combined with red and pairs well with its sister shades of lavender, purple and pink, which provides an assortment of lipstick and blush options. Radiant Orchid’s exuberance also acts as a brilliant finishing touch to nails.

Radiant Orchid for Interiors

Spruce up interior spaces by incorporating this eye-catching hue in paint, accent pieces and accessories. As adaptable as it is beautiful, Radiant Orchid complements olive and deeper hunter greens, and offers a gorgeous combination when paired with turquoise, teal and even light yellows. Likewise, the vibrant color is sure to liven up neutrals including gray, beige and taupe. Uplifting and bold without being overpowering, Radiant Orchid reenergizes almost any color palette and provides a unifying element for diverse spaces.

Sonoran Estates II | 11368 E. Winchcomb Drive One of the best lots in Sonoran Estates II with fabulous curb appeal and a front courtyard with firepit, this beautiful home was completely remodeled when purchased to create an open floor plan and generous spaces. Tremendous mountain views capture your attention as you enter into the formal living and dining rooms. A great room fit for friends or family includes a well-equipped kitchen with stainless appliances that overlook a casual dining space and family room with gas fireplace. The master retreat is your own private getaway with a spa bath including separate tub/shower, dual vanities with framed mirrors and a large walk-in closet. An en-suite guest room has a private bath and walk-in closet while the three other bedrooms and bath are close by.

5 bedrooms | 3.5 baths | 3,933 square feet | MLS# 5146161

$1,395,000

Paradise Valley | 9112 N. 60th Street Beautifully situated on a large estate lot, this residence is a very special opportunity. A cobblestone infused circular drive hugs a front fountain and leads to the lushly landscaped entry and grounds.

Warm and inviting interiors delight the senses w/ hand-carved wood beams and doors, artisan designed brickwork, authentic and functional kitchen w/ adjacent life workspace and laundry room, wide planked wood floors, saltillo tile and rustic cabinetry. Built by Nance, the walls are hand-troweled and the built-in lighting and niches are a work of art. A bonus room centers two secondary bedrooms and the master retreat and spa bath punctuated with a copper tub.

Outdoors you’ll find a casita, multiple covered patios, pool, fruit trees, outdoor dining room and large side yard with play area.

4 bedrooms | 4 baths | 4,094 square feet | MLS# 5163116

$1,799,000

Cactus Acres | 10201 E. Cholla Street Located on a premier cul-de-sac in the coveted Cactus Acres neighborhood in N. Scottsdale, this timeless estate offers uncompromising quality and superior craftsmanship, synonymous with a Bertrand custom home. Meticulously cared for, it boasts elegantly designed interiors with formal living and dining rooms, and a spacious great room anchored by a carved Cantera gas fireplace and hand-crafted media center with adjacent wet bar - all overlooking a chef ’s dream kitchen with top of the line stainless appliances, wrap around breakfast bar, large granite oval island and casual dining nook. The master retreat is designed for relaxation with a sitting area, grand spastyle bath and an enviously large closet. The lushly landscaped grounds are breathtaking with palm lined travertine patios, cascading waterfalls, and entertaining ramada with cozy fireplace.

5 bedrooms | 5.5 baths | 5,754 square feet | MLS# 5176645

$2,100,000

Sierra Hills | 13721 E. Yucca Street One of the most beautifully designed homes in North Scottsdale, this residence is captivating from every angle. Formal and intimate spaces are perfect for entertaining family and friends or simply enjoying an upscale lifestyle. The dramatic foyer is flanked by the formal dining and living rooms with features like a massive fireplace and wine cellar. The gorgeous chef ’s kitchen includes a very large island, spacious nook and overlooks the family room with sliding doors and Cantera fireplace. Adjacent is a home theater and hall to the private guest patio for the casita. A guest wing includes two bedrooms/baths and an upstairs bonus space a game room, office or add’l guest space with bath. A tech forward home, you’ll enjoy the ease of operating this home from your smart phone or device.

5 bedrooms | 7 baths | 6,678 square feet | MLS# 5176645

$1,895,000

Cactus Corridor | 12402 N. 102nd St. Recently remodeled, this beautiful residence in the desirable Cactus Corridor is one you won’t want to miss. A circular drive and manicured curb appeal with fountain invite you into a ranch style single-level plan with formal living and dining rooms, an open island kitchen and extra large great room. With 5 bedrooms plus an office, the split plan offers the flexibility for everyday living or entertaining guests. The backyard oasis offers a pool with rock waterfall, above ground spa with a gazebo, mature landscaping, RV gate and plenty of room to add a guest house, sport court and so much more!

5 bedrooms | 5.5 baths | 4,781square feet | MLS# 5181708

$1,100,000

Cactus Corridor | 8468 E. Aster Drive This unique estate property is in a highly sought after location with its circular driveway and beautiful curb appeal. Meticulously maintained, the “pride of ownership” is seen throughout and will meet the most discerning buyer expectations. Interior features include a large family room with stone fireplace, spacious master retreat, formal dining and living rooms, and elegant chef ’s kitchen with large counter island. A detached guest house is part of a maturely landscaped backyard that includes citrus trees, a pool and spa, gazebo, lawn area, RV gate and numerous outdoor patios.

5 bedrooms | 45 baths | 4,607 square feet | MLS# 5181650

$1,099,000

Silverleaf | Lot 1731 An incredible opportunity to own a stunning Silverleaf residence with Valley views to be built by A Finer Touch Construction. A rare find, this generous hillside home was designed to be all on one level except the upper level guest house and the lower level fitness suite. Generous spaces and true indoor/ outdoor living are designed in this home including special features such as a home theater large enough to accommodate a golf simulator, large walk-in wine cellar and zen room in the master bath. Interiors designed by Est Est, Inc. Architecture by Carson Poetzl, Inc.

Overview of Features • • • • • • •

11,048 square feet 4 bedrooms 7 baths Large Game Room / Theater / *Optional Golf Simulator Stunning Kitchen & Great Room with Retractable Doors Master Retreat with Zen Room & Spa Bath Fitness Center

• • • •

Guest House Outdoor Ramadas, Kitchen and Pool/Spa 6 Car Garage Mountain & City Light Views

MLS# 5182313

$8,838,400

aftconstruction.com

Sincuidados | Lot 191 Fresh and airy, this beautifully remodeled home in Sincuidados shows meticulous detail and care with an open floor plan, private backyard and manicured curb appeal. The great room features a stone media wall with modern fireplace and backyard views while being open to a stunning island kitchen with walk-in pantry and breakfast nook. The formal dining room is finished with plantation shutters and a stunning iron chandelier and the den a place to read a book or get down to business. A split master retreat is inviting with a fireplace, custom window treatments and a spa bath with separate tub/shower, two closets and dual vanities. The secondary bedrooms are en-suite with finely appointed baths with natural stone, framed mirrors and rubbed bronze details. An oasis in the desert, the backyard features a rock waterfall in the pool, built in BBQ island, a generous grassy area, fireplace and mountain views.

4 bedrooms | 3.5 baths | 3,368 square feet | MLS# 5154685

$1,150,000

Candlewood Estates | 10730 E. Monument Drive Sophistication and elegance is what this beautiful custom home offers with mountain views to the North and city lights to the Northwest.

Overlooking the 15th fairway of the Troon North, Monument golf course the interiors offer details such as travertine, faux painting, granite countertops and custom stonework are tastefully done. Extra large double master bedrooms with private entrances and oversized 2nd and 3rd bedrooms are a rarity. Fantastic patio and view deck extend the width of home and fire pit.

4 bedrooms | 4 baths | 5,100 square feet | MLS# 4837921

$1,795,000

Expedition Point | 5380 E. Estevan Drive This stunning one-of-a-kind semi-custom residence in Phoenix is located in a gated enclave with the privacy of just 18 homes adjacent to Wildfire Golf Course. The Tuscan-inspired interiors include elegant living and dining rooms, a spacious chef ’s island kitchen with nook walk-in pantry, butlers pantry, great room and wet bar are sure to please. A bonus room at guest wing with two bedrooms and baths offer privacy while the 4th bedroom (currently an office w/out closet) an additional space for a bedroom or office. The park-like backyard is lush with landscaping and mature trees that surround the resort-style pool, spa, rock waterfall and and raised sitting area with fireplace. Generous covered patio space makes it perfect for entertaining and the location is close to the amenities of Desert Ridge, JW Marriott and more!

4 bedrooms | 3.5 baths | 4,400 square feet | MLS# 5176382

Pending Sale $979,000

Remodeled Gem in Phoenix This meticulously maintained home has been remodeled throughout and offers an open plan with bright interiors. A formal living/dining room greets you while the chef ’s kitchen with stainless appliances and island create the perfect place to cook. An open great room and breakfast nook are adjacent while hall and two bedrooms with a shared bath beyond. The master retreat offers travertine floors, a spacious bath with a separate tub and shower, and walk-in closet. The 4th bedroom is also an office and the 5th a spacious workout room or bedroom.

Outdoors you’ll find a pool, grassy area, covered patio and garden area.

5 bedrooms | 2 baths | 2,806 square feet | MLS# 5178685

$429,000

Pending Sale

Chateau on Central | Residence 2 An extraordinary opportunity to purchase a new residence fully furnisehd by Est Est, Inc., this Chateau on Central Avenue is offerd at an incredible price. Designed with a soft, light interior, this residence offers 5 levels of luxury including a guest level with two bedrooms, a basement level designed with guests in mind, and an office off the main level foyer. The master retreat is located on the 4th floor with a spacious balcony overlooking the city beyond. All accessible with commercial elevators and stairs. This residence also includes a two car garage, smart home features and private gated from courtyard.

4 bedrooms | 5.5 baths | 5,485 square feet | MLS# 5151208

$1,250,000

Pending Sale

Chateau on Central | Residence 12 The Model! Chateau on Central offers 6 different ‘flex-design’ floorplans awaiting your custom selections. Chateau is the Valley’s most unique destination for Downtown luxury living! These Post-Modern Victorian Brownstones offer 5 levels of luxury living space and is zoned for ‘mixed-use’ capability on the basement and first levels, allowing the resident a perfect (optional) opportunity for a ‘live-work’ lifestyle! Each unit is serviced by private interior elevator, features a gourmet Viking stainless kitchen package and shares magnificent city and mountain views from a large terrace.

5 bedrooms | 5.5 baths | 5,485 square feet | MLS# 4892512

$1,698,000

URBAN LIVING Crystal Point | 1040 E. Osborn Road, #902 A rare opportunity in Phoenix to own a “Tiffany� plan. Remodeled end unit with incredible views from every window - mountain ranges, Downtown Phoenix, Phoenix Country Club and beyond! Many building amenities such as guarded accesss, fitness center and more.

3 bedrooms | 2.5 baths | 2,718 square feet

$699,500

Pending Sale

Monica Monson 480.250.0848 Mark McCloskey 480.220.9033

Kierland Greens Near Kierland Commons & Scottsdale Quarter. Need we say more?

2 bedroom | 2 bath | 1,412 sf MLS# 5176575 Monica Monson 480.250.0848 Barry Van Patten 480.202.2413

$329,000

Presidio Scottsdale Can you believe this price? A darling condo off 96th & Mountainview!

2 bedroom | 1 bath | 998 sf MLS# 5175406 Ashlyn Rowe

$165,000

480.250.0848

Desert Mountain One of the tallest peaks in Desert Mountain, this jaw-dropping lot in the Village of Seven Arrows is second to none and perfect for your next dream home.

3.15 acres | MLS# 5075858

$1,595,000 Mirabel Club Lot #14 Spectacular premium golf course home site with unbelievable views of both the 10th & 17th fairways with panoramic views of Pinnacle Peak, beautiful sunsets & city lights.

.81 acres | MLS# 4742689

$639,000 Mirabel Club Lot #232 Capture amazing views of Arizona’s sunsets from this well-oriented cul-de-sac lot overlooking the 13th fairway and green of the Mirabel Club golf course.

.78 acres | MLS# 5184929

$399,000

Cresta Norte | 10115 E. Happy Hollow Drive This beautifully updated home in Cresta Norte is move-in ready. The main home, guest casita and bonus room offer spaces to entertain and enjoy every day living. Completely updated, the interiors are light and bright with white moulding and a neutral color palette. The formal living/ dining room offers a fireplace and views with a bar and is adjacent to the island kitchen with breakfast nook. The family room offers a 2nd fireplace and a walk-out to the built-in BBQ area and pool. A bonus room is flanked with two bedrooms suites and a nearby separate den while the split master suite fit for relaxation and privacy. The front courtyard also leads to the guest casita and bonus room perfect for an art studio or theater.

4 bedrooms | 4.5 baths | 4,313 square feet | MLS# 5177600

Pending Sale $834,900

Five stunning stories create the perfect setting for YOURS.

MODEL TOURS AVAILABLE FIVE DAYS A WEEK WEDNESDAY TO SATURDAY 10:00 AM to 5:00 PM SUNDAY 12:00 PM to 4:00 PM personal elevator • private roof-top patios • 2-car garage and secure live-work zoning • customizable floor plans starting at 5200 square feet

21 LUXURY HOMES ATTRACTIVELY PRICED FROM $1.1M

www.ChateauOnCentral.com • 602.258.1817 • Central & Palm Lane Sales by Monson Luxury Group, Russ Lyon Sotheby’s International Realty licensed in the State of Arizona. Square footage is approximate and may vary. This material is not an offer to sell real property and shall not be construed as an offer in violation of the law of any jurisdiction. No Federal or State agency has judged the merits or value if any, of this property. Obtain all relevant documents, disclaimers, and covenants, and read them before signing anything. The depictions herein may reflect building, amenities and improvements some or all of which may be conceptual only, and subject to change without notice. All brokers welcome. Prices, terms, incentives, material, and availability subject to change without notice. Subject to Public Report. © 2012 All rights reserved.

Ultra Luxury Market

ON THE RISE The ultra luxury market in Maricopa County remains a viable investment for those who have the means to purchase these one-of-a-kind residences. Comprised of homes over $3 million, and analyzed by the Cromford Report using this same price point, the ultra luxury market has seen tremendous growth over the past year. While the monthly appreciation is down over 4%, the over $3 million market is the annual leader in growth with a 10.7% increase in price over last year more than double the growth seen in homes between $1 and $3 million. This year, more than 67 homes have closed over $3 million with the average price at $4.4 million and the high at $8.25 million. The average price per square foot last quarter was about $530 while the current monthly price per square foot is selling at about $462. The overall annual price per square foot averages

“Ultra luxury buyers are confident in the real estate opportunities Arizona has to offer as we remain one of the premier luxury resort destinations in the world.”

Monica Monson Founder, Monson Luxury Group

at about $502 which shows that while we are fluctuating seasonally we are experiencing Sellers who are realistic about the market and willing to have a meeting of the mind - Buyers and Sellers have more realistic

expectations which we haven’t seen for some time. For the past three month’s Cromford’s index shows we have been lingering at a nearly “normal” market index of the high 90’s - an index of 100 is considered a stable market. All market indicators show that we are heading into a strong season. We will see continued slow growth through the first quarter and may see a decrease in sales price per square foot as inventory increase for the season. Nevertheless, there hasn’t been a better time to buy or sell in the last 10 years so take advantage of it.

Data referred to in this article came from The Cromford Report, the Valley’s most comprehensive real estate statistical resource. If you would like a complimentary custom analysis for your home, contact Monson Luxury Group, Russ Lyon Sotheby’s International Realty at 480.420.4LUX or monica@monsonluxurygroup.com.

Pine Canyon | 2039 E. Barranca Way, Flagstaff Designed by renowned architect Lee Hutchison, this stunning masterpiece is a truly luxurious mountain home. Perched above a long driveway and overlooking fairways, water and greens of the 10th, 16th and 11th holes, this rare find awaits you. The interior details are breathtaking with wood and copper inlays, natural stone, and Venetian plaster. The large picture windows capture the beauty of the pines while the open plan makes it the perfect place to entertain family and friends. The inviting kitchen has ample seating, top of the line appliances and a full size walk-in pantry overlooking the dining verandah. The master retreat, adorned with wood beamed ceilings, a grand fireplace, spa-style bath, large walk-in closet and a private balcony, overlook the course and the San Francisco Peaks. Four other guest suites are uniquely designed and include a 2nd master suite. The lower family room level is perfect for movie watching with the wet bar, spacious seating and built-in full-size bunks for reading or taking an afternoon snooze. A private patio is just outside French doors overlooking the 10th green. Additional custom features include a wine cellar, craft/laundry room, office/library, and multiple outdoor verandahs.

5 bedrooms | 5.5 baths | 6,685 square feet | MLS# 5087375

$3,499,000

selling luxury. it’s what we do.

Whether working with sophisticated buyers or marketing Arizona’s most exclusive luxury properties, Monson Luxury Group at Russ Lyon | Sotheby’s International Realty stays true to servicing clients with the utmost integrity and care while offering a true marketing agency approach to real estate. We do it differently. And it works.

Premier Luxury Home Marketing & Sales for Arizona’s Finest Homeowners and Developers See our client testimonials at monsonluxurygroup.com/testimonials

480.420.4LUX (4589)