A high-end Silver Sky estate in Paradise Valley has reportedly traded for a cool $20 million while crews are still busy finishing the interior, a rare off-plan closing that spotlights just how hot the town’s trophy-home market has become. The property, an 11,832-square-foot Modern European style estate at the base of Mummy Mountain, was developed by Scottsdale-based Silver Sky Development as buyers continue to shell out premiums for privacy, mountain views and one-acre-plus lots in Paradise Valley.
According to the Phoenix Business Journal, Silver Sky Development sold the under-construction estate on Tuesday for $20,000,000. The outlet reports that the deal closed while the home was still being built, making it one of the priciest off-plan transactions in metro Phoenix this season.
The MLS listing for 6109 E Maverick Road, marketed as the Nova showcase, pegs the home at about 11,832 square feet with six bedrooms, 10 bathrooms, a five-car garage, a detached 985-square-foot casita and a regulation-size pickleball court, according to Xome. The same listing notes a roughly 1.5-acre lot, mountain and desert views and an estimated early-2026 completion timeline.
Where It Sits And The Community
Silver Sky is a 12-home enclave tucked against the foot of Mummy Mountain, and the development’s website currently shows 6109 E Maverick Road as under contract, language that tracks with the Phoenix Business Journal’s reporting. Per Silver Sky Development, the community leans on one-acre parcels and award-winning showcase designs as its calling cards.
Jeremy Takas, Silver Sky’s principal, has previously said the project is meant to “enhance the reputation of Paradise Valley as a sought-after location for luxury living,” in comments published by Phoenix Agent Magazine. Listing agents have also highlighted the enclave’s proximity to private clubs, golf courses and Scottsdale Airport as key selling points for deep-pocketed buyers who want to be close to the action without giving up seclusion.
Why The Sale Matters For The Market
The transaction lands amid a steady stream of high-end closes in Paradise Valley and Scottsdale. Homes.com noted several local sales last year in the $15-million-plus range, underscoring ongoing appetite at the very top of the market. For builders and brokers, an off-plan $20 million deal like this is likely to reinforce pricing power for other speculative luxury homes in the area.
With a handful of Silver Sky lots still available, brokers say the sale could nudge other developers to press higher on list prices for future showcase estates. Silver Sky’s site continues to promote remaining showcase homes and custom parcels as construction moves ahead across the enclave.
