Silver Sky Development Sells Development Site In Paradise Valley For $20 Million
6109 East Maverick Road
$20,000,000
$1,690/SF
Building Size
11,832 SF
Asset Type
Development Site
Closing
Mar 3, 2026
AI
A development site located at 6109 East Maverick Road in Paradise Valley, AZ, has been sold for $20,000,000. The property encompasses a total area of 11,832 square feet, with a price per square foot calculated at $1,690.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,000,000
- Address: 6109 East Maverick Road
- Market: Paradise Valley, AZ
- Square Footage: 11,832
- Price per Square Foot: $1,690
- Seller: Silver Sky Development
- Brokers: Katrina Barrett - Christie's International Real Estate & Kirk Linehan - Apex Residential
This transaction marks one of 11 local closings above $10 million in the year 2026, indicating a growing demand for ultra-luxury properties in the metro Phoenix area.
Players
Paradise Valley Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93