The developer of The Ritz-Carlton Residences, Paradise Valley debuted the first release of 91 villas this month, offering the most sophisticated, full-service resort real estate offering in Arizona to date.
Priced from the low $1 million to just over $5 million, the collection of single-level villas sit within six, two- and three-story buildings and range in size from 1,500 to more than 4,000 square feet. Floor plans feature one- to four-bedroom residences, many with an additional den option. The villas’ timeless, modern architecture emphasizes clean lines and a comfortable, refined setting. With the balanced use of rich woods and glass, the villas exude an inviting warmth that perfectly complements the lush, desert setting and the stunning Camelback Mountain views.
The villas’ formal entry foyers, floor-to-ceiling windows and seamless transition to indoor and outdoor spaces emphasize the expansive desert and mountain views. An emphasis has been placed on creating generous, versatile spaces along with fully equipped kitchens with Wolf and Sub-Zero appliances, which make these homes ideal for formal entertaining. Some homes within the limited Gold Collection have features such as master suites with indoor and outdoor showers and highly customized master closets. Residences on the garden and penthouse levels also have the option to add a private plunge pool, 10-foot ceilings in bedrooms and 12-foot ceilings in the great room.
The project, owned and developed by Scottsdale-based Five Star Development, includes a 200-room Ritz-Carlton resort that will be surrounded by these 91 single-level villas and 45 single-family homes, all of which will be whole-ownership and Ritz-Carlton branded.
To maximize green and open spaces throughout the 105-acre project, Five Star Development plans to build underground parking in order to preserve the lush setting. This is the largest undertaking of a new master-planned community to feature a Ritz-Carlton with Residences in close to a decade. When valued with the land, construction and sales, the total project value is estimated to total approximately $2 billion.
Spread out over 20 acres, the resort will boast North America’s longest pool at just over 400 feet, a 30,000 square-foot world-class spa with indoor and outdoor treatment areas, a state-of-the-art health and fitness center, indoor and outdoor meeting and event space, a citrus orchard, a garden that will have seasonal produce harvested by on-site restaurants, lush walking paths and a grand lawn with stunning views of iconic Camelback Mountain.
Open daily from 11am until 5pm, The Residence Gallery, located at 6720 N. Scottsdale Road, Suite 120, will open to the public on Friday, May 27 to begin taking reservations for inclusion into the private sales event.
Five Star Development expects to break ground on The Ritz-Carlton Residences, Paradise Valley and the hotel in summer 2016 with completion of the hotel and residences expected by the end of 2018. For more information or to register, visit www.rcpvluxury.com.
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