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6587 N Palmeraie Boulevard #2002, Paradise Valley, AZ, 85253

3beds
4baths
3,191sqft
$5,250,000
$1,645price/sqft
$29,454/moest. monthly cost
$1,178,160/yrincome needed

About This Home

Experience elevated luxury living at The Ritz-Carlton Villa Residences in Paradise Valley. This exceptional 3-bedroom, 3.5-bath villa showcases custom developer upgrades and high-end finishes throughout, offering a refined yet comfortable lock and leave lifestyle. Designed with a great room split floor plan, the home seamlessly blends indoor and outdoor living with a dramatic 27-foot sliding glass door that opens to one of only two fully covered patios, complete with a fireplace overlooking the pool and stunning Camelback Mountain views. Entertain with ease at the custom bar, thoughtfully equipped with a SubZero wine fridge, ice maker, dishwasher, microwave, and warming drawer. Additional features include a Crestron home automation system for effortless control and convenience. Private, secure access via elevator from the parking garage, with two dedicated parking spaces nearest the entrance for convenient access. Villa owners enjoy exclusive access to world-class Ritz-Carlton amenities including dedicated concierge service, resort-style pool and spa, fitness center and clubhouse.

Getting Around

36
WalkingCar-Dependent
0
TransitVery Limited Transit
53
BikeBikeable

Schools

9/10
Kiva Elementary SchoolGrades PK-60.9 mi
5/10
Mohave Middle SchoolGrades 6-82.1 mi
9/10
Saguaro High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 2026

Materials

  • Roof: Concrete
  • Construction materials: Stucco,Steel Frame,Painted,Stone

Other

  • Builder name: Five Star Development

Type & Style

  • Home type: Apartment
  • Property subType: Apartment

Interior

Appliances

  • Appliances included: Dryer,Washer,Refrigerator,Built-in Microwave,Dishwasher,Disposal,Gas Range,Gas Oven
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Quartz Countertops,Double Vanity,Eat-in Kitchen,9+ Flat Ceilings,No Interior Steps,Kitchen Island,Pantry,Full Bth Master Bdrm,Separate Shwr & Tub
  • Window features: Double Pane Windows
  • Flooring: Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Exterior Fireplace,Gas
  • Fireplace: Yes
  • Common walls with other units/homes: 1 Common Wall,End Unit

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Programmable Thmstat

Interior Area

  • Total structure area: 3,191
  • Total interior livable area: 3,191 sqft

Property

Details

  • Parcel number: 17458518
  • Attached to another structure: Yes

Features

  • Stories: 3
  • Patio & porch: Covered
  • Has spa: Yes
  • Spa features: Heated
  • Fencing: Block
  • Has view: Yes
  • View description: Mountain(s)

Lot

  • Lot size: 2,919 sqft
  • Features: None,North/South Exposure

Parking

  • Total spaces: 2
  • Parking features: Attached,Storage,Assigned
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered 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
    Heat WaveVery High
  • Inland Flooding
    Inland FloodingVery High
  • Hail
    HailModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Hail
Wildfire

FEMA Declared Disasters in Maricopa County and Arizona

Fire
Flood
Snowstorm
Winter Storm

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

MonthlyAnnual
Mortgage $26,546$318,552
Home Insurance $646$7,752
Property Taxes $1,925$23,100
Electricity $337$4,055
Total$29,454$353,448

Income You'd Need if You Spent...

35% on housing$1,009,851/yr
40% on housing$883,620/yr
45% on housing$785,440/yr

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.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 1.2%
1.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,645This listing

vs Other Active Listings

Avg $/sqft

ZIP 85253$1,091
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85253$880
Maricopa County$262

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

DateEventPrice
2026-03-19Listed for sale$5,995,000

For Sale by Agent

AgentConnor Sabanosh
BrokerageSilverleaf Realty

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