5516 E Morrison Lane Paradise Valley, 85253

Bedrooms:
5
Bathrooms:
8
Square Feet:
8,074 sqft
Price $8,850,000 .00
Approx /month
Get More Details
Sale Price:
$8,850,000
Loan Type:
Conventional - 5% down
FHA - 3.5% down
VA - 0% down
Additional $ Down:
Total Down Payment:
Loan Term: (years)
Interest Rate: (%)
Property Tax: (year)
$14,543
Insurance: (year)
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Virtual Tour of 5516 E Morrison Lane , Paradise Valley 85253

Property Description

An authentic Italian villa-style home in Paradise Valley stands as a masterpiece of architecture and design. This majestic property, nestled in the heart of the Sonoran Desert, harmoniously blends classic Italian elegance with the distinctive desert landscape. The home's exterior, characterized by rustic stone facades and terracotta roof tiles, evokes the timeless charm of Tuscany. Verdant gardens with native plants, cypress trees and cascading bougainvillea surround the home, creating a serene oasis. As one enters through the private wrought-iron gates, a beautiful stone driveway leads to the grand motor court arrival experience. The foyer opens to an expansive living space with high, coffered and beamed ceilings. Oversized custom windows and doors leading to multiple covered patio and balcony spaces ensure great natural light and seamless indoor to outdoor living throughout this residence. The heart of the home is the gourmet kitchen, equipped with very high-end appliances, custom cabinetry and a large island, perfect for entertaining. An adjoining family room with grand fireplace offers a cozy retreat. The residence boasts multiple bedrooms, each with en-suite bathrooms featuring highly detailed fixtures and finishes, recalling the luxury of Italian design. The property includes a serene infinity pool, blending seamlessly with the horizon, and a plethora of gardens and mature trees, providing both privacy and a connection to nature. This amazing residence is more than just a home;; it's a piece of art, offering an unparalleled blend of luxury, comfort and the beauty of the Arizona landscape.

General Information

Price:
$8,850,000
Status:
Active
Listing Updated:
2/17/2024
List Date:
9/29/2023
Close Date
Square Feet:
8,074
Bedrooms:
5
Bathrooms:
8
Garage Spaces:
4.00
Year Built:
2000
Builder Name:
Dave Hansen
Subdivision:
EL Dorado Estates
City:
Paradise Valley
Zip:
85253
County:
Maricopa
HOA Y/N:
No
HOA Fee:
$0
HOA Paid Frequency:
HOA Transfer Fee:
Taxes:
$14,543
Tax Year:
2022
MLS ID:
6611750
Listing Attribution:
RETSY
Buyer Agency Compensation:
3.00%
Buyer Agency Compensation Disclaimer:
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Property Features

Interior Features
Master Downstairs, Eat-in Kitchen, Breakfast Bar, Drink Wtr Filter Sys, Other, Vaulted Ceiling(s), Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Smart Home
Exterior Features
Balcony, Circular Drive, Covered Patio(s), Patio, Private Yard, Built-in Barbecue
Flooring
Carpet, Stone
Laundry
Other
Fireplace Features
3+ Fireplace, Exterior Fireplace, Family Room, Living Room, Master Bedroom, Gas
Cooling
Refrigeration
Heating
Natural Gas
Utilities
Pool
Heated, Private
Spa
Heated, Private
Construction Finish
See Remarks, Painted, Stucco
Roofing
Tile
Water
City Water
Sewage
Sewer in & Cnctd, Public Sewer
Fencing
Block

School Information

High School:
Saguaro High School
High School District:
Scottsdale Unified District
Middle School:
Mohave Middle School
Elementary School:
Kiva Elementary School
Elementary School District:
Scottsdale Unified District

Community Information

Subdivision:
EL Dorado Estates

Lot Information

Lot Size (sq feet):
44,064
Lot Features:
Sprinklers In Rear, Sprinklers In Front, Desert Front, Cul-De-Sac, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
Fencing:
Block

Location Information

Directions:
At Tatum and E Roadrunner, go east on Roadrunner, short left onto 56th St, then right onto E Morrison Lane, follow to private gated home at 5516.
Cross Street:
N Tatum Blvd And E Roadrunner Rd
Map:
View on Map

Current Market Comparison

Subject
Subject
Active
Active
closed
Closed
Best0.5 Miles
Better1 Miles
Good1.5 Miles
Fair2 Miles

Subject Property

5516 E Morrison Lane Paradise Valley AZ 85253

Property Type:
Single Family - Detached
Bedrooms:
5
Bathrooms:
8
Interior SqFt:
8074
Interior Stories:
1
Year Built:
2000

3 Closed Properties

Address
Distance/Miles
Closed Price
Details
1.52 Miles
$5,813,734
0.93 Miles
$9,300,000
1.89 Miles
$13,000,000

39 Active Properties

Address
Distance/Miles
Active Price
Details
1.19 Miles
$7,850,000
0.73 Miles
$13,995,900
0.94 Miles
$6,500,000
1.83 Miles
$12,495,000
1.09 Miles
$6,750,000
1.71 Miles
$13,579,000
1.82 Miles
$9,950,000
1.37 Miles
$7,995,000
1.14 Miles
$8,000,000
1.81 Miles
$21,000,000
1.53 Miles
$13,250,000
0.81 Miles
$18,495,000
0.75 Miles
$8,500,000
1.66 Miles
$7,985,600
1.41 Miles
$4,300,000
1.42 Miles
$14,888,888
1.47 Miles
$15,995,000
1.79 Miles
$5,250,000
0.75 Miles
$11,500,000
1.99 Miles
$8,900,000
1.72 Miles
$7,200,000
0.7 Miles
$12,885,000
1.86 Miles
$8,500,000
1.52 Miles
$4,500,000