$30 million ultra-luxury enclave approved in Paradise Valley

PHOENIX — A four-home luxury community valued at more than $30 million has been approved for development on nearly 10 acres in Paradise Valley.

The Paradise Valley Town Council recently approved the entitlement for Quail Run Manor, clearing the way for construction of the gated enclave just south of The Ritz-Carlton.

Nate Waite, an agent with Compass representing the project, said the location is rare.

“Raw land like this just doesn’t exist in Paradise Valley,” Waite said in a press release. “To get this combination of acreage and views in the heart of Paradise Valley you would have to tear down an existing home, and even in that case there are very few properties over 2 acres.”

The development comes amid rising demand for ultra-luxury properties in the East Valley, where Paradise Valley, Scottsdale and surrounding communities have drawn growing interest from high-net-worth buyers, explained Compass in the release.

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