7155 E Oakmont Drive Paradise Valley, AZ 85253
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 8,006 sqft
Price per Sqft $2,473
Subdivision Camelback Country Club
MLS Listing ID 6921213
Bedrooms 5
Full Baths 4
Half Baths 1
HOA Fees $699/ann
HOA Y/N Yes
Year Built 1977
Annual Tax Amount $5,391
Tax Year 2024
Lot Size 0.972 Acres
Acres 0.97
Property Sub-Type Single Family Residence
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
The standard ultra-luxury market's Cap Rate of 2% and Operating Income (NOI) of $400K yield a home valuation of $400K/0.02=$20M. This $20M is a conservative estimate because it does not take into account the huge premium for the following five Unicorn centerpiece features that no other home in the world has:
(1) Floodlit Championship Golf Green for Night Golf: This is the only home with the ability to play night golf and evening golf on a floodlit championship golf green with direct frontage on a championship golf green, instead of an artificial putting green in an ordinary backyard.
(2) Prime Corner Location: Within a corner lighted championship golf green (a green ocean) location, at the nexus of four different holes (Holes 3, 4, 15 and 16), this perched promontory home and corner golf green lot are elevated in height with only one adjacent neighbor and private security patrol in the heart of Paradise Valley's acclaimed subdivision in this Audubon Bird Sanctuary designated area. This home towers over all other homes in the neighborhood with expansive 360-degree golf green, golf course, and mountain views from the home's 32 massive UV-protected double-paned picture windows, 20 glass French doors, and 3 colossal balconies and view decks.
(3) Direct frontage on a Championship Golf Green with dynamic views of birds and birdies. Less than 1% of Golf Course homes are Corner Golf Green homes.
(4) Mountain views of both Mummy Mountain and McDowell Mountains. This home has beautifully landscaped, peaceful grounds with 27 palm, citrus, and eucalyptus trees.
(5) Extreme privacy with true indoor-outdoor resort-style living because of the interior, palatial courtyard (enclosed on all four sides) with a Roman skinny-dipping pool, Grecian columns, Finnish Sauna, and a Tournament-sized 12-foot snooker table imported from a castle in England, located in an Arizona Room with motorized shades.
Instead of buying inferior, boxy, retail-store-look-alike new construction homes, discerning and smart buyers look for Unicorns that are a great store of value when it comes to their real estate, stock, and art purchases. Unlike other homes in the neighborhood that do not have direct access to the golf course (without having to walk through the town's roads) in this Zen Retreat home you can take early morning, evening and night golf course walks straight from the master bedroom wing's sideyard door as if the golf course in the most expensive zip code was your own backyard of 10 acres, and your dogs will never ever have to see a leash again in your own personal golf course private park that also happens to be very near the new Ritz Carlton resort with America's longest swimming pool.
Turnkey home has upgraded mobile app home automation systems (for security, HVAC, pool, landscaping), timeless finishes and cutting-edge features including Wolf & Thermador appliances, custom cedar, mahogany & aged cherry cabinetry, tumbled marble backsplashes, new PebbleTec pool with spa & outdoor shower, Marge Carson & Ralph Lauren furnishings, Master bedroom wing with true Finnish sauna room & skylight jacuzzi, temperature controlled surround showers, Travertine & Terracotta floors, textured Venetian stucco with chip-resistant bullnose wall corners, gourmet kitchen with warming drawers & large picture windows overlooking a championship golf green, remote-controlled Levolor shades in all 20 French glass doors & 32 picture windows, plantation shutters, enormous side yards and front yard with circular driveway with tallest palm trees in Paradise Valley, carport & outdoor surround sound, water features and four wood-burning brick fireplaces.
Lord Byron wrote: "There is pleasure in the pathless woods, there is rapture in the lonely forest, there is society where none intrudes, and music in its roar. I love not Man the less, but Nature more." These words best capture the timeless spirit and class of this beautiful Unicorn home that has won several prestigious international awards, including the coveted 300 point-validation Airbnb Luxe status award, the highest possible Top 1% award, the Guest Favorite award, and the Gold Badge award. Location and cashflow are everything in real estate, and this home has both - the best location (with a distinctive regal Unicorn home on the best lot) and the resulting best cashflow as evident by the fact that it is the #1 rental.
Location
State AZ
County Maricopa
Community Camelback Country Club
Area Maricopa
Direction From Scottsdale Rd: West on Doubletree Ranch Rd. Left on 66th Pl. Left on Caballo Dr, Left on Oakmont to home on left.
Rooms
Other Rooms Guest Qtrs-Sep Entrn, ExerciseSauna Room, Great Room, Family Room
Master Bathroom Double Sink
Master Bedroom Split
Den/Bedroom Plus 6
Separate Den/Office Y
Interior
Interior Features High Speed Internet, Granite Counters, Double Vanity, Master Downstairs, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, 2 Master Baths, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
Heating Electric
Cooling Central Air, Ceiling Fan(s), Programmable Thmstat
Flooring Stone, Tile
Fireplaces Type Exterior Fireplace, Family Room, Master Bedroom
Fireplace Yes
Window Features Skylight(s),Low-Emissivity Windows,Solar Screens,Dual Pane,Mechanical Sun Shds
Appliance Dryer, Washer, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Cooktop, Water Purifier
SPA Above Ground,Heated,Private
Laundry Inside
Exterior
Exterior Feature Balcony, Private Yard
Parking Features RV Access/Parking, RV Gate, Garage Door Opener, Circular Driveway, Attch'd Gar Cabinets, Side Vehicle Entry, Temp Controlled
Garage Spaces 4.0
Carport Spaces 2
Garage Description 4.0
Fence Block, Wrought Iron
Pool Variable Speed Pump, Heated
Community Features Golf, Biking/Walking Path
Utilities Available APS
View City Lights, Mountain(s)
Roof Type Tile,Foam
Porch Covered Patio(s), Patio
Total Parking Spaces 4
Private Pool Yes
Building
Lot Description Corner Lot, Desert Back, On Golf Course, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
Story 2
Builder Name Custom
Sewer Sewer in & Cnctd, Public Sewer
Water Pvt Water Company
Structure Type Balcony,Private Yard
New Construction No
Schools
Elementary Schools Cherokee Elementary School
Middle Schools Cocopah Middle School
High Schools Chaparral High School
School District Scottsdale Unified District
Others
HOA Name Camelback CC Estates
HOA Fee Include Maintenance Grounds
Senior Community No
Tax ID 174-36-090
Ownership Fee Simple
Acceptable Financing Cash, Conventional, 1031 Exchange
Horse Property N
Disclosures Agency Discl Req, Seller Discl Avail, Vicinity of an Airport
Possession Close Of Escrow
Listing Terms Cash, Conventional, 1031 Exchange
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