A luxurious 9,136 square-foot home in Paradise Valley has sold for $5.5 million. The custom-built mansion was recently sold on Dec. 24, 2024. The home is equipped with a 12-seat theater, a wine cellar that holds 1,080 bottles, and an indoor pickleball court. It has six bedrooms and six bathrooms, all of which are richly furnished. The property contains over an acre of land covered with palm trees and multiple fountains. The home includes 14 total parking spaces, and there is room for RV parking. The price for every square foot of living space was $602.

When the home was built in 2006, its asking price was $3.5 million. The price of this home has fluctuated, peaking in June of 2024 at just over $7 million. The lowest asking price of this home was at about $3 million during the pandemic. Since 2006, this house has just about doubled its initial value. As the years advance, inflation will keep home values rising and rising. The housing market will continue to grow over time. Although homes might sink below their peak asking price, in the long run, the housing market will go up, and the price of this house could increase up to about $10 million in the next decade or so as housing costs keep climbing; as always, the market has the possibility to skyrocket.