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Bidding War Erupts Over $18.5 Million Arcadia Exeter Estate

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Published on January 25, 2026
Bidding War Erupts Over $18.5 Million Arcadia Exeter EstateSource: Unsplash/ Davis Sherine

The French-inspired Arcadia estate on Exeter Boulevard, recently listed for sale, is drawing significant attention in the real estate market. The gated property sits on about an acre and is priced in the multimillion-dollar range, placing it among the most expensive homes in the area. Local reports and listing sites indicate the house has already received multiple offers.

Bidding war reported after mid-January listing

The home was listed at $18.5 million and quickly entered what has been described as a bidding war. The outlet noted that the early interest reflects a strong demand for turnkey, high-end properties along Exeter Boulevard.

What the MLS and portals show

Market listings describe the house as a 5-bedroom, approximately 8,434-square-foot residence with seven to eight bathrooms on nearly an acre of land. Several MLS entries list the asking price at $18,250,000. The property was added to the MLS in mid-January and has already received significant online views and saves, indicating early buyer interest.

Luxury features that explain the attention

Listing photos and descriptions highlight Old-World features, including imported limestone, reclaimed beams, and carved fireplaces, alongside modern amenities such as a chef’s kitchen with a French range, a climate-controlled wine cellar, and a detached guest casita. The outdoor area includes a heated pool cabana, pickleball and bocce courts, and temperature-controlled garage space for up to ten vehicles. Zillow notes that these features contribute to the property’s strong early interest.

 

Design pedigree and parcel

The home was designed by architect Mark Candelaria and built by Nance Construction. It is situated behind private iron gates with a fountain entrance and offers rare north-south exposure without overhead power lines, according to multiple listing sources. AZHomes and the MLS note recent system upgrades and landscape renovations, features commonly highlighted in high-end property listings.

Where this fits in Arcadia

Exeter Boulevard continues to be a highly sought-after area in Arcadia, where luxury homes often sell quickly and at premium prices when properly priced and staged. Previous reviews of Arcadia’s high-end market show similar trends for Exeter properties, explaining why agents expect competitive offers in this neighborhood.

Listing agent and status

The property is listed by Katrina Barrett of Local Luxury Christie's International Real Estate. Agent profiles and listing pages provide contact information and showing details for interested buyers. Homes.com lists Barrett as the agent of record and notes that the listing was posted to MLS feeds last Friday.

The home remains active on MLS portals as the reported offer activity continues, with listing pages showing strong online views and saves. Observers note that rare Exeter properties typically sell quickly once listed.

Phoenix-Real Estate & Development