Paradise Valley, Arizona 

The town of Paradise Valley is 16.5 square miles long and was incorporated in 1961.  Although the town encompasses a small area it includes 12 beautiful, luxury resorts. Valley has exclusively single family homes.  No multiple housing units are permitted.  The average home in Paradise Valley is estimated to be worth between $1.7 and $2.3 million dollars, making Paradise Valley one of the most expensive places to live in Arizona.

Paradise Valley offers beautiful golf courses, hiking trails, mountains, and a well-established community of residents.  Because Paradise Valley has some of the top resorts in the nation, it continues to thrive on tourism.  Paradise Valley is home to many entertainers, sports figures and other well-known people.  Purchasing Real Estate in Paradise Valley does come with a price tag, but is definitely worth the investment.

Buying Real Estate in Paradise Valley

Paradise Valley attracts many home buyers because of its sheer beauty.  Most of the homes in Paradise Valley reside on large lots with well-manicured grounds and custom built homes.  Paradise Valley’s landscape has mature trees and plants, making it a very unusually greener area then its surrounding cities.  Many home buyers also seek to live in Paradise Valley because of its renowned golf courses and mountainous views.

Real Estate prices in Paradise Valley currently start at $375,000 for 1,400 square feet.  The average price for a single family home in Paradise Valley is $3,008,000 for just over 6,000 square feet.  Prices for homes are as high as $27 million.  This past year the average single family home in Paradise Valley sold for $2.3 million.  If you are interested in finding your dream home in Paradise Valley, contact the Gary May Group.

Paradise Valley Home and Land Foreclosures

Unlike many nearby cities, Paradise Valley has not experienced the excess of foreclosed homes on the market.  In 2009 fifty-four foreclosed homes were sold with an average sale price of $970,000 for 4,300 square feet.  Currently there are fifteen foreclosed homes available in Paradise Valley with prices ranging from $375,000 to $5.2 million for 2,800 to 11,000 square feet in size.  The average foreclosed home for sale right now is $2.4 million.

Land foreclosures in Paradise Valley are scarce.  In fact, only 4 plots of land are available and 2 have sold this past year.  The average sale price for a 1 acre foreclosed lot in Paradise Valley was $676,000.  Land currently available for sale is starting at $424,000 for one acre and going as high as $1.1 million for 3 acres.  Most of the foreclosed land is averaging two-hundred or more days on the market before close of escrow.  If you would like to buy a piece of land in Paradise Valley, call upon the Gary May Group, your real estate experts.

Paradise Valley Land and Buildable Lots

 Paradise Valley extends from Shea Boulevard to Camelback Road, north and south; and 32^nd Street and Scottsdale Road, east and west.  Paradise Valley is very much an upscale and well-established community with plenty of wildlife, greenery, and terrific views.  Most of the homes in Paradise Valley sit on a 1 acre or more lot.  There is still plenty of land available in Paradise Valley to build on.  Currently there are eight-seven available lots starting at $409,000 for 1 acre.  The average price for a parcel of land in Paradise Valley is $1.5 million dollars and 3 acres.  This past year fourteen lots have sold with an average sale price of $1 million for a 1 acre lot.  The Gary May Group can help you find your Paradise Valley lot; be sure to contact them today.

Commercial Real Estate in Paradise Valley

 Commercial Real Estate in Paradise Valley is scare.  In fact, there really isn’t much.  The town does not allow any land use other than residential without a Special Use Permit.  Medical plazas, office spaces, and shopping malls are found just outside of Paradise Valley in both Scottsdale and Phoenix.  The town is devoid of most commercial real estate, and takes much pride in this fact.

Paradise Valley Documents

 Paradise Valley Construction and Zoning Regulations

Paradise Valley Landscape Guidelines

Paradise Valley Native Plant Preservation Plan

Paradise Valley Pool Spa Requirements

Paradise Valley Requirements New House or Remodel

Paradise Valley Variance Criteria

   Taxes

Paradise Valley is unlike other towns/cities in Arizona.  It does not collect property taxes from its residence.  Instead the town makes its revenue in several ways.  The states sales tax, income tax, gasoline taxes, the town’s sale, bed and use taxes, permit fees, annual franchise fees from utilities, and interest from investments are all used for town revenue.  In past years the town’s municipal court has raised money through tax exempt bonds to build things like a police station or make improvements to existing structures.

 Growth and Development

The town of Paradise Valley began its foundations in 1961.  Over time the residents began building luxury homes on one acre or more lots, with rich landscaping, upscale resorts, and relatively few businesses.  Soon the town became known as one of the most prestigious places to live.  As the surrounding areas grow and new developments and roads begin to pop up, Paradise Valley remains devoid of these activities and continues to preserve the quality of life its residents have come to demand.

 Since Paradise Valley is zoned for single family housing and no apartments, condominiums, or town houses are allowed, as well as severe limitations on commercial real estate building, property values are among the highest in the state.  As a result of these factors, the future of Paradise Valley will be only to make improvements upon already established structures, roadways, and other necessities, and no further development is in the plan for the future of the town.

 

Key Characteristics of Paradise Valley

• Zoned only for singe family residence, therefore making real estate property values high
• Homes sites are 1 acre or more
• Plenty of land still available for purchase
• Boasts sensational views, well-manicured landscapes, and natural preservation
• Commercial Real Estate is only authorized through a Special Use Permit
• Multi-million dollar estates and upscale resorts and country clubs
• Largest percentage of college graduates in the metropolitan area
• Crime is virtually non-existent
• The town offers 2 libraries, 16 parks, 2 swimming pools, 5 golf courses and many playing fields and tennis courts.
• Host to world famous spas
• Various mountain preserves with both hiking and biking trials
• Entertainment and shopping within minutes

Area Activity

Piestewa Peak Dreamy Draw Trail Guide

Paradise Valley Geographical Map

Click on map to enlarge

 

 

Paradise Valley Demographics

DEMOGRAPHIC DATA ZIP CODE 85253
Population			Households
Total Population	17,560		Total Households	17,744
Male Population	8,685	49.5%	Family Households	15,509
Female Population	8,875	50.5%	Non-Family Households	2,235
Density (Persons per Square Mile)	849		Households with Children	3,395
Median Age	45.4		Average People per Household	2.6