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https://www.wsj.com/real-estate/luxury-homes/paradise-valley-arizona-wealth-real-estate-06cfdeb9


MILLIONAIRE HOME BUYERS HAVE TURNED PARADISE VALLEY INTO ‘A DIFFERENT WORLD’


THE CENTRAL ARIZONA TOWN SAW AN INFLUX OF WEALTHY BUYERS DURING THE PANDEMIC.
NOW IT’S HOME TO THE COUNTRY’S PRICIEST DESERT REAL ESTATE


The Short Course at Mountain Shadows Resort in the 85253 Zip Code.
By Jessica Flint

| Photographs and Video by Kelsey Hale for The Wall Street Journal
Feb. 27, 2024 9:00 pm ET
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In central Arizona, tucked between Phoenix and Scottsdale in the Sonoran Desert,
is Paradise Valley, a roughly 15-square-mile town where palatial houses with
varying architectural styles have big views of Camelback Mountain and the
Phoenix Mountain Preserve. Millionaires from across the U.S. moved here during
the Covid-19 pandemic—and have stayed. “It’s a different world here now,” says
Cheryl Anderson, a real-estate agent with Russ Lyon Sotheby’s International
Realty. “Real-estate prices have gone crazy.” Today, Paradise Valley’s 85253 ZIP
Code has the country’s priciest desert residential real estate as ranked by
median listing price, at $5.05 million in January 2024, according to
Realtor.com. (

News Corp
, owner of The Wall Street Journal, also operates Realtor.com.) Residents
appreciate the warm weather, low taxes and large lots—typically an acre or
more—that offer privacy in nature within proximity to the U.S.’s fifth largest
city.




MEMBERSHIP TO HAVE

There are more than 200 golf courses in the Phoenix and Scottsdale area, and
good golfers belong to golf clubs. In Paradise Valley, golf clubs range from
those that are private and members only, like the Paradise Valley Country Club,
to the semiprivate, such as Camelback Golf Club, which is at the JW Marriott
Scottsdale Camelback Inn and can be accessed by members, hotel guests and daily
fee golfers. 

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved.
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Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of
this material are governed by our Subscriber Agreement and by copyright law. For
non-personal use or to order multiple copies, please contact Dow Jones Reprints
at 1-800-843-0008 or visit www.djreprints.com.