Business, Entertainment, Real Estate, Russ Lyon

Biggest Sale Through Multiple Listing Service for Arizona

Stunning Paradise Valley Estate Boasts 7 Bedrooms, 12 Bathrooms and Much More!

A magnificent estate that presents a once-in-a-lifetime opportunity for its buyers has sold for $12,750,000 in Paradise Valley and represents the highest sale through Multiple Listing Service for Arizona. The buyer was represented by Jay Pennypacker of Russ Lyon|Sotheby’s International Realty.

The grand scale of the property located at 5901 E Edward Lane is exceptional. Its numbers are staggering:

  • 7 en suite bedrooms
  • 12 bathrooms
  • 11-car motor court
  • 14,000 square feet of luxury

All of that sits on two and a half acres that offer exquisite views of Camelback Mountain.

“The record sale of this stunning property showcases the extraordinary service and top-echelon representation we feel privileged to provide for our clients here at Russ Lyon Sotheby’s International Realty,” said Buyer’s Agent Jay Pennypacker of Russ Lyon Sotheby’s International Realty Pinnacle Peak office.

“What this sale shows is that great properties can attract buyers that are willing to see the value in these extraordinary properties,” said Chairman Jim Lyon of Russ Lyon Sotheby’s International Realty. “The trick is uniting these buyers with those properties and that is what we excel at doing.” This grand, sprawling space can accommodate informal family breakfasts as well as large, outdoor dinner parties. A chef’s kitchen boasts four ovens, two warming drawers, side-by-side refrigerators and multiple dishwashers. From the floor to ceiling windows in the formal living and dining rooms there are jaw-dropping views of Camelback Mountain, which can be glimpsed from the resort-style pool and expansive grounds beyond.

It features soaring ceilings and handmade silk-covered walls in the master retreat; a game room with a pool table, wet bar and jukebox; a 12-seat home theater; a large workout facility with sauna and steam; a 9-hole putting green, sport court, diving pool, spa and huge grass play field. Also on the property are a detached two-bedroom guesthouse, air-conditioned pool cabana and meandering walkways through beds of flowering plants.

Currently, Russ Lyon Sotheby’s International Realty Agent Bob Hassett holds the highest sale at $14 million (closed in 2014) and second highest sale for another closing at $13.7 million (closed in 2016). Those were not listed in the Multiple Listing Service, but are right now the biggest sales in Arizona for residential real estate.202

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