7155 E Oakmont Drive, Paradise Valley, AZ 85253 - MLS #6921213

images$19,800,000 images5 Beds

images5 Bath images8,006 sqft images1977

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Description

There is ultra-luxury, and then there is this true Unicorn, Statement Property, and Trophy Estate. This award-winning, completely rebuilt, corner golf green home is located in the most expensive neighborhood in the Southwest United States. In addition to the five centerpiece Unicorn features described below, this Legacy home's Unicorn status is underscored by its designation as the #1 Single-Family Home rental in Arizona with $51K in monthly rental revenue. This turnkey home's distinguished prior mid-term (multi-month) vacation rental tenants include A-list celebrities, superstars, and even billionaire tenants arriving in personal helicopters while renting this home. This Santa Barbara estate occupies the best lot in the heart of a storied Paradise Valley neighborhood, where homes that

Supplements: have sold for $15M+ would rent (even on their best day) for less than half this home's rental revenue of approximately $51K per month. Therefore, this Unicorn home is a monetized hard asset. The difference in the valuation of a monetized hard asset (for example, Facebook with advertising revenue) and an unmonetized hard asset (for example, Facebook without advertising revenue) is night and day. The standard ultra-luxury market's Cap Rate of 2% and Operating Income (NOI) of $400K yield a home valuation of $400K/0.02=$20M. This $20M is a conservative estimate because it does not take into account the huge premium for the following five Unicorn centerpiece features that no other home in the world has: (1) Floodlit Championship Golf Green for Night Golf: This is the only home with the ability to play night golf and evening golf on a floodlit championship golf green with direct frontage on a championship golf green, instead of an artificial putting green in an ordinary backyard. (2) Prime Corner Location: Within a corner lighted championship golf green (a green ocean) location, at the nexus of four different holes (Holes 3, 4, 15 and 16), this perched promontory home and corner golf green lot are elevated in height with only one adjacent neighbor and private security patrol in the heart of Paradise Valley's acclaimed subdivision in this Audubon Bird Sanctuary designated area. This home towers over all other homes in the neighborhood with expansive 360-degree golf green, golf course, and mountain views from the home's 32 massive UV-protected double-paned picture windows, 20 glass French doors, and 3 colossal balconies and view decks. (3) Direct frontage on a Championship Golf Green with dynamic views of birds and birdies. Less than 1% of Golf Course homes are Corner Golf Green homes. (4) Mountain views of both Mummy Mountain and McDowell Mountains. This home has beautifully landscaped, peaceful grounds with 27 palm, citrus, and eucalyptus trees. (5) Extreme privacy with true indoor-outdoor resort-style living because of the interior, palatial courtyard (enclosed on all four sides) with a Roman skinny-dipping pool, Grecian columns, Finnish Sauna, and a Tournament-sized 12-foot snooker table imported from a castle in England, located in an Arizona Room with motorized shades. Instead of buying inferior, boxy, retail-store-look-alike new construction homes, discerning and smart buyers look for Unicorns that are a great store of value when it comes to their real estate, stock, and art purchases. Unlike other homes in the neighborhood that do not have direct access to the golf course (without having to walk through the town's roads) in this Zen Retreat home you can take early morning, evening and night golf course walks straight from the master bedroom wing's sideyard door as if the golf course in the most expensive zip code was your own backyard of 10 acres, and your dogs will never ever have to see a leash again in your own personal golf course private park that also happens to be very near the new Ritz Carlton resort with America's longest swimming pool. Turnkey home has upgraded mobile app home automation systems (for security, HVAC, pool, landscaping), timeless finishes and cutting-edge features including Wolf & Thermador appliances, custom cedar, mahogany & aged cherry cabinetry, tumbled marble backsplashes, new PebbleTec pool with spa & outdoor shower, Marge Carson & Ralph Lauren furnishings, Master bedroom wing with true Finnish sauna room & skylight jacuzzi, temperature controlled surround showers, Travertine & Terracotta floors, textured Venetian stucco with chip-resistant bullnose wall corners, gourmet kitchen with warming drawers & large picture windows overlooking a championship golf green, remote-controlled Levolor shades in all 20 French glass doors & 32 picture windows, plantation shutters, enormous side yards and front yard with circular driveway with tallest palm trees in Paradise Valley, carport & outdoor surround sound, water features and four wood-burning brick fireplaces. Lord Byron wrote: "There is pleasure in the pathless woods, there is rapture in the lonely forest, there is society where none intrudes, and music in its roar. I love not Man the less, but Nature more." These words best capture the timeless spirit and class of this beautiful Unicorn home that has won several prestigious international awards, including the coveted 300 point-validation Airbnb Luxe status award, the highest possible Top 1% award, the Guest Favorite award, and the Gold Badge award. Location and cashflow are everything in real estate, and this home has both - the best location (with a distinctive regal Unicorn home on the best lot) and the resulting best cashflow as evident by the fact that it is the #1 rental.

Property Features
Special Listing Cond: N/A
View: City Lights; Mountain(s)
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room; 2 Master Baths; Tub with Jets
Master Bedroom: Split; Downstairs
Additional Bedroom: Other Bedroom Split; 2 Master Bedrooms; Other Bedroom Downstairs; Separate Bedroom Exit; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet; Master Bedroom Sitting Room
Fireplace Features: Fireplace Family Rm; Fireplace Master Bdr; Exterior Fireplace
Flooring: Stone; Tile
Window Features: Solar Screens; Dual Pane; Low-Emissivity Windows; Mechanical Sun Shds
Private Pool Features: Heated; Variable Speed Pump
Spa: Private; Above Ground; Heated
Community Features: Biking/Walking Path; Golf
Dining Area: Formal; Eat-in Kitchen; Breakfast Bar; Breakfast Room
Kitchen Features: Gas Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Reverse Osmosis; Multiple Ovens; Granite Counters; Kitchen Island
Laundry: Washer Included; Dryer Included; Inside
Other Rooms: Family Room; Great Room; Guest Qtrs-Sep Entrn; Exercise/Sauna Room
Interior Features: Skylight(s); Vaulted Ceiling(s); Water Purifier
Technology: Cable TV Avail; High Speed Internet; Security System Owned
Exterior Features: Balcony; Covered Patio(s); Patio; Pvt Yrd(s)/Crtyrd(s)
Parking Features: Circular Driveway; Attch'd Gar Cabinets; Garage Door Opener; RV Access/Parking; RV Gate; Side Vehicle Entry; Temp Controlled
Construction: Wood Frame; Slump Block
Const - Finish: Painted; Stucco
Roofing: Tile; Foam
Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat
Heating: Electric
Plumbing: Recirculation Pump; Electric Hot Wtr Htr
Utilities: APS; SW Gas
Water Source: Pvt Water Company
Sewer: Sewer - Public; Sewer-In & Connected
Fencing: Wrought Iron; Block
Property Description: Golf Course Lot; Corner Lot
Landscaping: Desert Back; Grass Front; Grass Back; Auto Timer H2O Front; Auto Timer H2O Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Possession: Close of Escrow
Association Fee Incl: Common Area Maint
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Disclosures: Seller Discl Avail; Agency Discl Req; Vicinity of an Airport
Contract Information
List Price: $19,800,000
Status: Active
Current Price: $19,800,000
List Date: 2025-09-17
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
House Number: 7155
Compass: E
Street Name: Oakmont
St Suffix: Drive
City/Town Code: Paradise Valley
State/Province: AZ
Zip Code: 85253
County Code: Maricopa
Assessor Number: 174-36-090
Subdivision: CAMELBACK COUNTRY CLUB
Tax Year: 2024
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 5
Full Bathrooms: 4
Half Bathrooms: 1
Total Bathrooms: 5
Approx SQFT: 8006
Price/SqFt: 2473.15
Horses: N
Builder Name: Custom
Year Built: 1977
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 42322
Approx Lot Acres: 0.972
Flood Zone: No
Community Pool Y/N: No
Private Pool Y/N: Yes
Fireplace YN: Yes
Fireplaces Total: 3
Planned Comm Name: Camelback Country Club Estates
Marketing Name: Camelback Country Club
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Elementary School: Cherokee Elementary School
Jr. High School: Cocopah Middle School
High School: Chaparral High School
Remarks Misc
Cross Street: Doubletree Ranch Rd & Scottsdale Rd
Directions: From Scottsdale Rd: West on Doubletree Ranch Rd. Left on 66th Pl. Left on Caballo Dr, Left on Oakmont to home on left.
Geo Lat: 33.560847
Geo Lon: -111.92944
Lot Number: 96
Basement
Basement Y/N: N
Parking Spaces
Garage Spaces: 4
Carport Spaces: 2
Total Covered Spaces: 6
Showing Notification Methods
Showing Service: Aligned Showings
Contact Info
List Agent Cell Phn2: 602.388.0558