Arizona Shooting-Range Mansion Sets Price Record
Arizona’s Record $40.24 Million Mansion Sale A $40.238 million all-cash sale in Paradise Valley has set a new Arizona residential price record. It marks a sharp escalation at the top of the state’s luxury housing market. The nearly 20,919-square-foot estate sits on almost two acres and is regarded as a landmark property in Arizona. The July 9, 2026 closing exceeded the $40 million asking price by $238,000. It also surpassed the prior state record of $33.5 million set in February 2025, also in Paradise Valley. Market Signals The transaction highlights buyer profiles centered on high-net-worth migrants, corporate relocation executives, and affluent out-of-state purchasers targeting metro Phoenix. It also underscores financing trends at the top end. Cash remains dominant, and speed can outweigh conventional lending considerations. Similar luxury transactions in the region have reset expectations around pricing strategies among top-tier sellers. In a market where top-quartile luxury valu...