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.
On the Map
$16,000,000
$1,920/SF
Single Family
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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