6587 N PALMERAIE Boulevard #2020, Paradise Valley, AZ, 85253
About This Home
Branded residences at The Ritz-Carlton Residences, Paradise Valley represent one of the most coveted luxury asset classes, blending five-star living with long-term value. This custom-designed, End-unit residence designed by Ownby Design offers a rare turnkey opportunity, complete with bespoke interiors and the option to purchase the custom living room, foyer, and dining furnishings for a fully curated experience. Ideally positioned with tranquil courtyard views, enhanced privacy, and private elevator access to a secure underground garage, this home delivers both exclusivity and ease. Set within what is being coined the modern country club of Paradise Valley, residents enjoy a lifestyle defined by resort-style amenities and future Ritz-Carlton hotel and retail offerings. No two residences here are the same. This home was thoughtfully designed with bespoke lighting, designer wall coverings, and Waterworks fixtures throughout. The chef's kitchen is anchored by a striking quartzite island with push-to-open cabinetry and Rev-A-Shelf systems, Wolf appliances including an induction cooktop and built-in coffee system, Sub-Zero refrigeration with four additional refrigerator drawers, and an integrated wine dispenser. Large-format tile flooring and a sleek paneled TV wall elevate the open-concept living space, while a split floor plan ensures privacy. Double doors lead to the serene primary suite overlooking the courtyard, where dual vanities, custom storage, and a spacious walk-in closet create a spa-like retreat. Set against Camelback and Mummy Mountain views, residents enjoy a clubhouse that feels more like a five-star resort, complete with concierge service, elegant lounge spaces, a state-of-the-art fitness center, conference facilities, private underground parking, and giard gated. Future development will include the Ritz-Carlton hotel, curated retail and dining, and exclusive owner privileges that continue to elevate both lifestyle and long-term value. This is not just a home. It is a refined investment in one of Paradise Valley's most prestigious and forward-thinking communities. Featured on ABC15 Arizona Real Estate Essentials, this 3 bedroom, 3.5 bath villa delivers five-star living with contemporary sophistication, with each bedroom offering its own ensuite bath for private, hotel-level living.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 2020
Materials
- Roof: Built-Up
- Construction materials: Stucco,Other,Steel Frame,Painted,Stone,Block
Other
- Builder name: Five Star Development
Type & Style
- Home type: Apartment
- Architectural style: Other,Contemporary
- Property subType: Apartment
Interior
Appliances
- Appliances included: Dryer,Washer,Water Softener Owned,Built In Recycling,Refrigerator,Dishwasher,Electric Cooktop,Built-In Electric Oven
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- High Speed Internet,Granite Counters,Double Vanity,Eat-in Kitchen,Breakfast Bar,9+ Flat Ceilings,No Interior Steps,Roller Shields,Kitchen Island,Pantry,Full Bth Master Bdrm,Separate Shwr & Tub
- Window features: Double Pane Windows,Tinted Windows
- Flooring: Tile
- Number of fireplaces: 1
- Fireplace features: Exterior Fireplace,Gas
- Fireplace: Yes
Heating & Cooling
- Heating features: Other,Electric
- Cooling features: Central Air,Programmable Thmstat
Interior Area
- Total structure area: 3,202
- Total interior livable area: 3,202 sqft
Property
Accessibility
- Accessibility features: Zero-Grade Entry,Accessible Hallway(s)
Details
- Parcel number: 17458534
- Attached to another structure: Yes
Features
- Stories: 3
- Exterior features: Balcony
- Has spa: Yes
- Spa features: Heated
- Fencing: Block
- Has view: Yes
- View description: Mountain(s)
Lot
- Lot size: 2,970 sqft
- Features: None
Parking
- Total spaces: 2
- Parking features: Gated,Storage,Assigned,Community Structure,Valet
- Has uncovered spaces: Yes
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Hail
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Maricopa County and Arizona
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $26,294 | $315,528 |
| Home Insurance | $640 | $7,680 |
| Property Taxes | $1,906 | $22,872 |
| Electricity | $339 | $4,069 |
| Total | $29,179 | $350,148 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-02 | Price change | $5,200,000 |
| 2025-10-08 | Price change | $5,400,000 |
| 2025-09-10 | Listed for sale | $5,500,000 |
View on Zillow