What does $1Million buy in the Scottsdale Valley?

Community Comparison Scottsdale

34 B e d r o o m H o m e s M a y 2 0 2 4

Denise van den Bossche leads the ExecElite team at Realty Executives Scottsdale office at the entrance to McCormick Ranch Scottsdale and Paradise Valley Township

Introduction

CHOOSINGTHERIGHTCOMMUNITYCANBE OVERWHELMING.THISHOMECOMPARISONTOOL HELPSYOUCOMPARECOMMUNITIESBASEDON COSTOFHOMESCURRENTLYLISTEDINTHESAME APPROXIMATEPRICERANGE.WEBASEDTHIS COMPARISONONSINGLEFAMILYSTYLEHOMESIN ANDAROUNDTHESCOTTSDALECORRIDOR, MCCORMICKRANCHANDTHERESORTCORRIDOR, KIERLAND/SCOTTSDALEQUARTER,GRAYHAWKAND AFEWNEARBYBORDERINGTOWNS

Denise was named top producer in Maricopa County, and number two WORLDWIDE with Realty executives

International for 2022 Solo Agent Production. She is an Associate Broker and REALTOR and leads the ExecElite team at Realty Executives from their Scottsdale offices

Denise has built her career over 4 decades of full- time commitment in the Phoenix-Scottsdale Real Estate sector. She supplemented her skills with studies and licensing in wealth management (NASD Series 7), land syndication (Series 22) and general contracting (B-1) by the time she turned 30.

Denise is an ELITE GUILD member of the Institute for Luxury Home Marketing, an SRES, and a Legacy LEED

Accredited Professional and former State Chair of the Arizona U.S. Green Building Council.

Denise’s husband Patrick is President of Realty Executives International, supporting the most tenured brokers and agents in the industry in more than 500 offices worldwide.

Denise is based at Realty Executive’s Phoenix headquarters in Scottsdale near McCormick Ranch and Paradise Valley. Her ExecElite team covers the entire Phoenix Valley.

Denise van den Bossche

Old Town Scottsdale

Old Town Scottsdale has an incredible non-stop availability of activities from shopping, art galleries, dining, entertainment, museums, spas, coffee shops and a popular night life. Home prices are higher due to this walkability. Old Town is dominated by luxury condos and townhouses.

Arcadia borders to the West, and is one of the highest priced neighborhoods of single family homes. Older Neighborhoods to the East and South of Old Town are quickly being remodeled to absorb the great demand for walkability. These neighborhoods offer an option to be close to Old Town at a lower price point.

Take a video walk thru from the Old Town Scottsdale Waterfront, with 1 Bedroom condos starting around $2M

Video Link

Neighborhoods surrounding Old Town Single Family Homes around $1 million

This 1975 home was refurbished as a short term rental, not too far from Old Town and Indian School and 78th St.

Briarwood

One Option to being in the heart of walkability are Land Lease communities.

7317E.Solcito

4Bed,4bath

NewPool,Spa,Misted coveredPatio

Briarwood advantages

Proximity to the Ritz-Carlton Paradise Valley development scheduled to open in 2024 for Appreciation potential

Land Leases provide an affordable way for walkability to some of this nation’s top destinations, otherwise unattainable

Low property tax ($1,100/year) provides additional savings

www.LiveinScottsdale.homes

Proximity to Paradise Valley Township

You are in good company...

Briarwood is across the road from the mega-mansions of Paradise Valley Township

www.LiveinScottsdale.homes for Video Walk thru and more

Paradise Valley Township

Paradise Valley is a residential community surrounding Camelback Mountain. There are several well known resorts which were grandfathered when the town was incorporated in the early 1960s, generating revenue so that these 3,500 households pay no additional property tax to live here. PV has it’s own Police Department with one of the highest Officer-to-Resident ratios in the nation. Minimum one acre lots start at $1.8M for an opportunity to scrape and build, not including demo costs. (MORE)

McCormick & Gainey Ranch Scottsdale

McCormick Ranch is located between two primary Scottsdale dining & shopping destinations, and soon to be three when the Palmeraie opens at the Ritz development, Kierland Commons and Old Town Scottsdale.

Some of the gated communities here provide access to a clubhouse, fitness or golf. HOA fees vary depending on gated vs. Guard-gated and the types of community amenities. Gainey tends to be newer and more dense. McCormick is more of a traditional ranch style neighborhood.

McCormick Ranch

This $1.7M home has Comprable attributes to the Briarwood Solcito Listing (Land Lease) but with traditional home ownership

Kierland - Scottsdale Quarter - PV Mall 85254

Located north of Old Town Scottsdale and close to the 101 Loop providing easy access to the Valley. This area is anchored by popular shopping and dining with a young and vibrant lifestyle.

Inside Kierland, the condos and townhomes can range from $1 to several million dollars. However, the neighborhoods west of here are newer, many built in the 1990s, and are being continually being remodeled. Further west towards the old PV Mall/Tatum are homes built in the 1980s and many non-HOA rentals. This area is expected to appreciate as the original PV Mall transformation into a vibrant mixed-used development is completed 2024-2025. ,

85254 - Kierland Area Single Family Homes

Grayhawk

Located just north of the 101 Freeway on the side of Scottsdale Rd, These neighborhoods anchored by The Grayhawk golf club. This pa the Valley is newer and includes gorgeous vie lots and gated security. It is close to the 101, t TPC Scottsdale Princess Resort. Just a short from Kierland and the Scottsdale Quarter. Ye far enough north to be considered North Scottsdale.

Homes here are newer, with the oldest in the 1990s. There are multi-million dollar gated communities located here.

Grayhawk, Scottsdale 85255

Single Family Homes around $1 million

Desert Ridge

Located just north of the 101 in Phoenix are the newer master-planned communities near Desert Ridge mall. Shopping and restaurants consist of most of the big box and national chains.

This area is also close to the JW Marriott conference resort, Golf courses, Lifetime Fitness and the Mayo Clinic. Single family homes can be found here from just under $1 million to over $3 million. Larger homes are typically 2 story due to the density here.

Desert Ridge Area: Single Family Homes around $1 million

Tempe

Tempe is the main campus of Arizona State University (ASU), considered one of the largest public educational institutions in the U.S. Walk to shopping, dining, bars, Spring Training, Collegiate sports, concerts and a professional theatre with world class concerts and touring Broadway performances. The Tempe IronMan, Rock-and-Roll Marathan, and New Year’s Eve bash are held annually on Tempe Town “beach.” The man-made Tempe Town Lake hosts non-motorized water sports and the ASU Rowing club. Bikers and rollerbladers fill the boardwalk.

Prices for condominiums on the shores exceed $1 million. We expect further appreciation as developers complete several mixed-use projects underway at this newly expanded destination. Single family homes within walking distance are dominated by student rentals. However, if you drive south along the 101 there are neighborhoods worthy of checking out!

South Tempe

The East Valley: Mesa, Chandler, Gilbert & More

Much of the East Valley of Phoenix is newer with established master-planning. Water diversion washes cleverly provide privacy between homes. Parks, bike-paths, bus lanes and greenbelts are well designed and inviting for pedestrians. Shopping and dining districts are plentiful. There is diversity ranging from school campuses to large 55+ Age-Restricted communities.

Prices are less expensive than Scottsdale, so you will get more house for your money. There are many large homes here to accomodate larger households. While Scottsdale focuses on “vacation,” resorts, shopping and golf, the East Valley ozes family and community.

East Valley Single Family Homes

Conclusion

Bycomparinghomesinthesamepricerange,youcan determinewhatpartoftheValleywillworkforyou.Youwill noticethecomparisoninsquarefootage,yearbuiltandlot sizevariesconsiderably. Themostgenerouswillbefurther fromtheScottsdalecitycenter.

Ontheotherhand,theclosertothecitycenter,themore confidentyouwillfeelaboutpriceandappreciationonthat futuretimeyouchoosetosell. Youmaychoosetoliveina homelongerwhenyouhavethewalkabilityelement. A condo,townhomeoralandleaseareanotheroptionfor beingclosertotheactivities. Videolinksareincludedhere togiveyouaperspectiveoflivinginmanyofthesearea