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6724 North 62nd Street

Norton Luxury Homes And Stately Development Sell Paradise Valley Estate For $16 Million
SOLDSingle Family

Norton Luxury Homes And Stately Development Sell Paradise Valley Estate For $16 Million

6724 North 62nd Street

$16,000,000

$1,920/SF

Building Size

8,331 SF

Asset Type

Single Family

Closing

Mar 6, 2026

AI

A Single Family home located at 6724 North 62nd Street in Paradise Valley, AZ sold for $16,000,000. The property spans 1.1 acres and has a total area of 8,331 square feet. The sale price equates to $1,921 per square foot.

Summary of transation details:

  • Property Type: Single Family
  • Transaction Amount: $16,000,000
  • Address: 6724 North 62nd Street
  • Market: Paradise Valley, AZ
  • Asset Size: 1.1 acres
  • Square Footage: 8,331
  • Price Per Square Foot: $1,921
  • Seller: Norton Luxury Homes, Stately Development
  • Broker: Joshua Peters - Realty One Group
  • Sale Date: 03/06/2026

The property was co-developed by Norton Luxury Homes and Stately Development, sold just two days after its listing. Joshua Peters represented the transaction through Realty One Group.

Players

Joshua Peters

Realty One Group

Broker

$16M

vol

1 deal

Broker
Norton Luxury Homes
Norton Luxury HomesSeller

Paradise Valley Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93