Former Herberger estate in Paradise Valley sells for nearly $10 million

A Paradise Valley estate formerly owned by the prominent Herberger family — known for donating millions of dollars to nonprofits in Arizona — has sold off-market for $9.7 million in cash.

The 7,259-square-foot home at 4645 E. Quartz Mountain Road was completely renovated in 2019, offering telescoping floor-to-ceiling doors to create an indoor/outdoor living space. Landscaping was done by Berghoff Design Group.

The backyard boasts a quadruple negative-edge pool, surrounded by a zen garden, sport court and outdoor dining.

With negative edges on all four sides of the pool, it appears as if the pool is floating, said Chris Karas, co-founder of Launch Powered By Compass who represented the seller.

“When you’re swimming laps, you can stare at Camelback Mountain,” he said. “It’s pure luxury.

“It’s perfectly perched above in Paradise Valley,” Karas added. “It literally has 360-degree views of multiple mountain ranges.”

Back in the 1970s when the Herbergers picked the site for this home, they obviously chose the best piece of property available, Karas said.

“That’s something special to have a property like that where they could have picked any property in all of Paradise Valley and they chose this,” he said. “It was renovated four years ago from head to toe but kept the Frank Lloyd Wright inspiration in the home with the roof lines and things of that nature.”

Family patriarch Gary Herberger was apprentice to Frank Lloyd Wright

Gary K. Herberger, who died at the age of 79 on Feb. 28, 2017, was an architect and apprentice to Frank Lloyd Wright. He also was head of the real estate development firm Herberger Enterprises and prominent philanthropist, donating more than $40 million to Arizona State University.

For a view of the property, check out the gallery below:

4645 E. Quartz Mountain Road, Paradise Valley

Karas said the seller of the former Herberger home is moving out of state. Public records show the Larry D. Blair Trust paid $4.85 million cash for the 2.1-acre property in January 2020.

Karas added that he has another Paradise Valley estate under contract he expects to close later this month. That 7,586-square-foot home at 3825 E. Berridge Lane went under contract for $7.995 million in cash within two days of listing. The seller of that home had another home built in Paradise Valley, Karas said.

Public records show Rodney Lincoln III and Robyn L. Davena of Anchorage, Alaska, paid $4.41 million to John Dorsey for the Berridge Lane property in October 2019. Built in 2018, the contemporary estate has five bedrooms, 6.5 bathrooms and full detached guest house.

“There are a number of buyers out there still looking right now,” Karas said. “They’re looking for something very specific; something that touches them, moves them. When a home is well appointed and has newer finishes and newer construction; and if remodeled, completely remodeled, they go quickly.”

3825 e berridge ln PV

This 7,586-square-foot home at 3825 E. Berridge Lane in Paradise Valley is under contract for $7.995 million.

Daniel Haynes

Within the past week, Karas and his team closed on more than $50 million in homes.

“The luxury market is still experiencing a seller’s market,” Karas said.

As was the case of the two Paradise Valley homes Karas recently sold, luxury residence buyers have the means to pay cash without worrying about rising interest rates, he said.

Paradise Valley’s 85253 ZIP code is the priciest ZIP code in Arizona, showing a $2.79 million median sale price in 2023, according to the latest report from PropertyShark. That ZIP now ranks No. 32 among the top 100 expensive ZIP codes in the U.S., up from No. 34 last year, despite its median home price declining 4% year-over-year.

This year marks the fifth consecutive year that 85253 ranked among PropertyShark’s top 100 most expensive ZIP codes, ranked by closed home sales.

source

(Visited 3 times, 1 visits today)