7155 E Oakmont Drive, Paradise Valley, AZ 85253
Overview
Description
Supplements: ... (Read more) have sold for $15M+ would rent (even on their best day) for less than half this home's rental revenue of approximately $51K per month. Therefore, this Unicorn home is a monetized hard asset. The difference in the valuation of a monetized hard asset (for example, Facebook with advertising revenue) and an unmonetized hard asset (for example, Facebook without advertising revenue) is night and day. The standard ultra-luxury market's Cap Rate of 2% and Operating Income (NOI) of $400K yield a home valuation of $400K/0.02=$20M. This $20M is a conservative estimate because it does not take into account the huge premium for the following five Unicorn centerpiece features that no other home in the world has: (1) Floodlit Championship Golf Green for Night Golf: This is the only home with the ability to play night golf and evening golf on a floodlit championship golf green with direct frontage on a championship golf green, instead of an artificial putting green in an ordinary backyard. (2) Prime Corner Location: Within a corner lighted championship golf green (a green ocean) location, at the nexus of four different holes (Holes 3, 4, 15 and 16), this perched promontory home and corner golf green lot are elevated in height with only one adjacent neighbor and private security patrol in the heart of Paradise Valley's acclaimed subdivision in this Audubon Bird Sanctuary designated area. This home towers over all other homes in the neighborhood with expansive 360-degree golf green, golf course, and mountain views from the home's 32 massive UV-protected double-paned picture windows, 20 glass French doors, and 3 colossal balconies and view decks. (3) Direct frontage on a Championship Golf Green with dynamic views of birds and birdies. Less than 1% of Golf Course homes are Corner Golf Green homes. (4) Mountain views of both Mummy Mountain and McDowell Mountains. This home has beautifully landscaped, peaceful grounds with 27 palm, citrus, and eucalyptus trees. (5) Extreme privacy with true indoor-outdoor resort-style living because of the interior, palatial courtyard (enclosed on all four sides) with a Roman skinny-dipping pool, Grecian columns, Finnish Sauna, and a Tournament-sized 12-foot snooker table imported from a castle in England, located in an Arizona Room with motorized shades. Instead of buying inferior, boxy, retail-store-look-alike new construction homes, discerning and smart buyers look for Unicorns that are a great store of value when it comes to their real estate, stock, and art purchases. Unlike other homes in the neighborhood that do not have direct access to the golf course (without having to walk through the town's roads) in this Zen Retreat home you can take early morning, evening and night golf course walks straight from the master bedroom wing's sideyard door as if the golf course in the most expensive zip code was your own backyard of 10 acres, and your dogs will never ever have to see a leash again in your own personal golf course private park that also happens to be very near the new Ritz Carlton resort with America's longest swimming pool. Turnkey home has upgraded mobile app home automation systems (for security, HVAC, pool, landscaping), timeless finishes and cutting-edge features including Wolf & Thermador appliances, custom cedar, mahogany & aged cherry cabinetry, tumbled marble backsplashes, new PebbleTec pool with spa & outdoor shower, Marge Carson & Ralph Lauren furnishings, Master bedroom wing with true Finnish sauna room & skylight jacuzzi, temperature controlled surround showers, Travertine & Terracotta floors, textured Venetian stucco with chip-resistant bullnose wall corners, gourmet kitchen with warming drawers & large picture windows overlooking a championship golf green, remote-controlled Levolor shades in all 20 French glass doors & 32 picture windows, plantation shutters, enormous side yards and front yard with circular driveway with tallest palm trees in Paradise Valley, carport & outdoor surround sound, water features and four wood-burning brick fireplaces. Lord Byron wrote: "There is pleasure in the pathless woods, there is rapture in the lonely forest, there is society where none intrudes, and music in its roar. I love not Man the less, but Nature more." These words best capture the timeless spirit and class of this beautiful Unicorn home that has won several prestigious international awards, including the coveted 300 point-validation Airbnb Luxe status award, the highest possible Top 1% award, the Guest Favorite award, and the Gold Badge award. Location and cashflow are everything in real estate, and this home has both - the best location (with a distinctive regal Unicorn home on the best lot) and the resulting best cashflow as evident by the fact that it is the #1 rental.
Listing Details MLS# 6921213
Location, Tax & Legal
- House Number
- 7155
- Compass
- E
- Street Name
- Oakmont
- St Suffix
- Drive
- City/Town Code
- Paradise Valley
- State/Province
- AZ
- Zip Code
- 85253
- County Code
- Maricopa
- Assessor Number
- 174-36-090
- Subdivision
- CAMELBACK COUNTRY CLUB
- Tax Year
- 2024
- Assessor's Map #
- 36
- Legal Description (Abbrev)
- LOT 96 CAMELBACK COUNTRY CLUB ESTATES 4 MCR 015829
- Assessor's Parcel #
- 90
- Tax Municipality
- Maricopa - COUNTY
- Taxes
- 5391
Contract Information
- Type
- Exclusive Right To Sell
- Ownership
- Fee Simple
- Co-Ownership (Fractional) Agreement YN
- No
General Property Description
- Dwelling Type
- Single Family Residence
- Dwelling Styles
- Detached
- Exterior Stories
- 2
- # of Interior Levels
- 2
- # Bedrooms
- 5
- Full Bathrooms
- 4
- Half Bathrooms
- Yes
- Total Bathrooms
- 5
- Approx SQFT
- 8006
- Price/SqFt
- 2473.15
- Horses
- N
- Builder Name
- Custom
- Year Built
- 1977
- Lead Based Hazard Disclosure
- Yes
- Approx Lot SqFt
- 42322
- Approx Lot Acres
- 0.972
- Flood Zone
- No
- Community Pool Y/N
- No
- Private Pool Y/N
- Yes
- Fireplace YN
- Yes
- Fireplaces Total
- 3
- Planned Comm Name
- Camelback Country Club Estates
- Marketing Name
- Camelback Country Club
- Elementary School District
- Scottsdale Unified District
- High School District
- Scottsdale Unified District
- Elementary School
- Cherokee Elementary School
- Jr. High School
- Cocopah Middle School
- High School
- Chaparral High School
Remarks Misc
- Cross Street
- Doubletree Ranch Rd & Scottsdale Rd
- Directions
- From Scottsdale Rd: West on Doubletree Ranch Rd. Left on 66th Pl. Left on Caballo Dr, Left on Oakmont to home on left.
Legal Info
- Lot Number
- 96
Basement
- Basement Y/N
- N
More Information
Parking Spaces
- Garage Spaces
- 4
- Carport Spaces
- 2
- Total Covered Spaces
- 6
- Slab Parking Spaces
- 0
Showing Notification Methods
- Showing Service
- Aligned Showings
- Text
- Yes
- Yes
- Phone Call
- Yes
Contact Info
- List Agent Cell Phn2
- 602.388.0558
Special Listing Cond
- N/A
- Yes
Construction
- Wood Frame
- Yes
- Slump Block
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Tile
- Yes
- Foam
- Yes
Association & Fees
- HOA Y/N
- Y
- HOA Disclosure/Addendum Affirmation
- Yes
- HOA Transfer Fee
- 177
- HOA Fee
- 700
- HOA Paid Frequency
- Annually
- HOA Name
- Camelback CC Estates
- HOA Telephone
- 623.241.7372
- HOA Management Company
- Cornerstone Properti
- HOA Management Phone
- 602.433.0331- X109
- Special Assessment HOA
- No
- HOA 2 Y/N
- N
- PAD Fee Y/N
- N
- Cap Improvement/Impact Fee
- 0
- Cap Improvement/Impact Fee $/%
- $
- Prepaid Association Fees HOA
- 700
- Disclosure Fees HOA
- 400
- Other Fees HOA
- 25
- Other Fees Description
- Homewise Doc Fee
- Land Lease Fee Y/N
- N
- Rec Center Fee Y/N
- N
- Ttl Mthly Fee Equiv
- 58.33
Lockbox Type
- Supra
- Yes
Master Bathroom
- Full Bth Master Bdrm
- Yes
- Separate Shwr & Tub
- Yes
- Double Vanity
- Yes
- Private Toilet Room
- Yes
- 2 Master Baths
- Yes
- Tub with Jets
- Yes
Master Bedroom
- Split
- Yes
- Downstairs
- Yes
Additional Bedroom
- Other Bedroom Split
- Yes
- 2 Master Bedrooms
- Yes
- Other Bedroom Downstairs
- Yes
- Separate Bedroom Exit
- Yes
- Master Bedroom Walk-in Closet
- Yes
- Other Bedroom Walk-in Closet
- Yes
- Master Bedroom Sitting Room
- Yes
Fireplace Features
- Fireplace Family Rm
- Yes
- Fireplace Master Bdr
- Yes
- Exterior Fireplace
- Yes
Flooring
- Stone
- Yes
- Tile
- Yes
Window Features
- Solar Screens
- Yes
- Dual Pane
- Yes
- Low-Emissivity Windows
- Yes
- Mechanical Sun Shds
- Yes
Private Pool Features
- Heated
- Yes
- Variable Speed Pump
- Yes
Community Features
- Biking/Walking Path
- Yes
- Golf
- Yes
Dining Area
- Formal
- Yes
- Eat-in Kitchen
- Yes
- Breakfast Bar
- Yes
- Breakfast Room
- Yes
Heating
- Electric
- Yes
View
- City Lights
- Yes
- Mountain(s)
- Yes
Kitchen Features
- Dishwasher
- Yes
- Disposal
- Yes
- Kitchen Island
- Yes
- Built-in Microwave
- Yes
- Multiple Ovens
- Yes
- Refrigerator
- Yes
- Reverse Osmosis
- Yes
- Gas Cooktop
- Yes
- Granite Counters
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Programmable Thmstat
- Yes
- Central Air
- Yes
Interior Features
- Skylight(s)
- Yes
- Vaulted Ceiling(s)
- Yes
- Water Purifier
- Yes
Laundry
- Washer Included
- Yes
- Dryer Included
- Yes
- Inside
- Yes
Other Rooms
- Family Room
- Yes
- Great Room
- Yes
- Guest Qtrs-Sep Entrn
- Yes
- Exercise/Sauna Room
- Yes
Separate Den/Office
- Sep Den/Office Y/N
- Y
Technology
- Cable TV Avail
- Yes
- High Speed Internet
- Yes
- Security System Owned
- Yes
Fencing
- Block
- Yes
- Wrought Iron
- Yes
Water Source
- Pvt Water Company
- Yes
Exterior Features
- Balcony
- Yes
- Covered Patio(s)
- Yes
- Patio
- Yes
- Pvt Yrd(s)/Crtyrd(s)
- Yes
Spa
- Private
- Yes
- Above Ground
- Yes
- Heated
- Yes
Sewer
- Sewer - Public
- Yes
- Sewer-In & Connected
- Yes
Parking Features
- Attch'd Gar Cabinets
- Yes
- RV Gate
- Yes
- Side Vehicle Entry
- Yes
- Temp Controlled
- Yes
- Circular Driveway
- Yes
- Garage Door Opener
- Yes
- RV Access/Parking
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
Energy/Green Feature
- Multi-Zones
- Yes
- HERS Rating Y/N
- N
Plumbing
- Recirculation Pump
- Yes
- Electric Hot Wtr Htr
- Yes
Utilities
- APS
- Yes
- SW Gas
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Property Description
- Golf Course Lot
- Yes
- Corner Lot
- Yes
Landscaping
- Desert Back
- Yes
- Grass Front
- Yes
- Grass Back
- Yes
- Auto Timer H2O Front
- Yes
- Auto Timer H2O Back
- Yes
Disclosures
- Seller Discl Avail
- Yes
- Agency Discl Req
- Yes
- Vicinity of an Airport
- Yes
Possession
- Close of Escrow
- Yes
Association Fee Incl
- Common Area Maint
- Yes
Assoc Rules/Info
- Pets OK (See Rmrks)
- Yes
- Rental OK (See Rmks)
- Yes
- Prof Managed
- Yes
Property Features
