A brand-new estate in Paradise Valley did not linger in the listings. The single-level property at 6724 N. 62nd Street, pitched with a private wellness retreat and sweeping Camelback Mountain views, sold this month for roughly $16 million after a marketing sprint that barely lasted long enough to refresh your browser. The 8,331-square-foot home adds one more trophy closing to an already heated run of ultra-luxury deals in the town.
Sold Within Days, Paper Says
According to the Phoenix Business Journal, the property went under contract just two days after it hit the market and ultimately closed for about $16 million. Reporter Angela Gonzales detailed the March 29 sale as part of a broader surge at the very top of the Valley’s housing ladder, pointing to the deal as a clean example of how freshly finished trophy builds are drawing almost immediate attention from deep-pocketed buyers.
House Size and Price Per Foot
MLS syndications list the home’s address as 6724 N. 62nd St. and show an interior footprint of 8,331 square feet. Homes.com records a March 9 closing at $16,000,000, which pencils out to roughly $1,900 to $1,930 per square foot. Public listing pages on Zillow show a list price in the mid-$16.1 million range and largely mirror the MLS write-up of the estate’s features and amenities.
Builder, Broker and Amenities
The project is credited to Norton Luxury Homes in collaboration with Stately Development, according to the builder’s materials and brokerage syndications. Brokerage sites such as Realty.com identify Joshua A. Peters of Realty ONE Group as the listing agent. Marketing copy leaned heavily on resort-style buzzwords, highlighting expansive indoor-outdoor living zones, multiple primary suites, a heated spa and a dedicated wellness suite aimed at buyers who want a turnkey property that already feels like a five-star getaway.
Where This Sale Fits
The closing is one of several eye-popping trades in Paradise Valley in recent weeks, a pattern that national outlets say has pushed the enclave squarely into the spotlight for trophy-home shoppers. The Real Deal and local reporting have tracked multiple eight-figure and even $20 million-plus sales in the area this season, underscoring a bifurcated market in which new, turnkey construction is commanding a sizable premium over homes that still need work.
Developers Doubling Down
Per the Phoenix Business Journal, the team behind the 62nd Street build is not done betting big. The outlet reports that additional spec mansions are in the pipeline, with several more projects already under development nearby, signaling builders’ confidence that demand at the very top of the market will stick around. Public county documents will ultimately spell out buyer identities and other closing details once they are recorded with Maricopa County.
