Updated Mar 31, 2026
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
About this deal
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
Paradise Valley Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $16M for 8,331 square feet (2026).
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Browse Paradise Valley single family sales on Traded.
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