Approvals Clear Path for Four-Home Community Just South of The Ritz-Carlton
Quail Run Manor, represented by Compass, has cleared a key hurdle in Paradise Valley, with the Town Council approving the entitlement of four luxury homesites and recordation of the plat now complete. With the subdivision now officially in place, development can move forward, setting the stage for one of the most exclusive new enclaves in Arizona.
The four-home luxury community will take shape in the heart of Paradise Valley across nearly 10 acres just south of The Ritz-Carlton, placing future owners of the $30-million+ estates within close proximity of one of the region’s most notable resort destinations.
“The approval of the four-lot entitlement and the recordation of the plat provides the foundation needed for this project to move forward,” said Compass’ Nate Waite, noting that all sales within the community will be handled privately by Compass. “Raw land like this just doesn’t exist in Paradise Valley. To get this combination of acreage and views in the heart of PV you would have to tear down an existing home, and even in that case there are very few properties over 2 acres and they won’t be surrounded by other $30M homes.”
Quail Run Manor will come to the market as demand for ultra-luxury homes increases in the East Valley, with Paradise Valley, Scottsdale, Arcadia and surrounding areas seeing growing interest from affluent, high-income residents. In addition to easy access to The Ritz-Carlton and its many amenities, Quail Run residents will also live within minutes of multiple high-end restaurants, retailers, resorts and golf courses and enjoy pleasant temperatures, ample sunshine, low humidity levels and expansive views of the surrounding mountains and desert scenery. With limited land availability in the area and just four homes planned in the community, Quail Run Manor presents a rare opportunity to secure an estate in a setting with some of the highest home values in the state.
“We continue to see record-setting sales by exceptional homes in exceptional locations,” Waite said. “Quail Run Manor is the epitome of this within the ultra-luxury market segment.”