Most expensive home in Arizona sells for $40.2 million
A Paradise Valley estate at 5531 E. Mockingbird Lane is now the most expensive home Arizona has ever sold, closing at $40.2 million in an all-cash deal in July. The nearly 21,000-square-foot compound—with an indoor go-kart track and private shooting range—also ranked No. 8 among the nation's costliest July home sales, according to Redfin.
Key Takeaways
- The Mockingbird Lane estate set Arizona's residential sales record at $40.2 million, topping last year's $33.5 million Paradise Valley mark.
- It was the first Arizona property to crack Redfin's monthly national top-10 list of most expensive U.S. home sales.
- Amenities include a go-kart track, shooting range, 6,000-square-foot garage for up to 18 cars, safe room, salon, theater, and 400-plus-bottle wine storage.
- Katrina Barrett of Local Luxury | Christie's International Real Estate represented the seller; Paulina Matteson of Serhant represented the undisclosed buyer.
For readers tracking luxury real estate and dream homes, the deal signals that Arizona's top tier can now share the national spotlight with coastal trophy markets.
Where is the most expensive home in Arizona?
The record sale sits in Paradise Valley at 5531 E. Mockingbird Lane. Built in 2020 on roughly two acres, the sprawling compound measures nearly 21,000 square feet.
Living space is spread across a five-bedroom main residence, a two-bedroom guest house, and a studio-style guest casita. Outside, buyers get a resort-style layout with a swimming pool and spa, a full outdoor kitchen, pizza oven, smoker, and bar.
What made this $40.2 million Arizona sale stand out?
Beyond scale, the estate's amenity list reads like a private club. Headline features include an indoor go-kart racing track and a private shooting range—rare even among ultra-luxury listings.
Security and leisure extras deepen the appeal: a safe room, beauty salon, home theater, and wine storage for more than 400 bottles. Car collectors are covered by a massive 6,000-square-foot garage that can hold as many as 18 vehicles with lifts.
The all-cash closing easily beat Arizona's previous residential record of $33.5 million, set last year by another Paradise Valley compound. AZ Big Media reports the buyer's identity was not disclosed.
How does Arizona's record compare nationally?
Redfin ranked the Paradise Valley closing eighth among the 10 most expensive U.S. home sales in July—company that included Bel Air, Malibu, Beverly Hills, Manhattan, and Miami Beach. It was the first time an Arizona address made that monthly national top 10.
July's national leader was Casa Encantada in Bel Air at $130 million, followed by a Malibu beachfront mansion at $55 million. Every home on Redfin's July top-10 list sold for at least $40 million.
Ultra-luxury records are popping up elsewhere, too: a Martha's Vineyard estate recently sold for $43 million, underscoring how trophy homes keep resetting local ceilings from coast to desert.
For Arizona, the $40.2 million Paradise Valley deal is another milestone for a luxury market that is increasingly competing on a national stage—victory lap included.