Highlights
- A Paradise Valley mansion sold for $40.238 million, the highest residential sale price ever recorded in Arizona.
- The 20,900-square-foot estate at 5531 E. Mockingbird Lane traded in an all-cash deal.
- The property features a shooting range and go-kart track, and social media marketing played a role in the sale.
- The deal eclipses the prior Arizona record of $28.1 million set by a Silverleaf estate in Scottsdale.
A Paradise Valley estate at 5531 E. Mockingbird Lane sold for $40.238 million in an all-cash transaction, setting a new record as the most expensive residential sale in Arizona history, according to reporting by the Phoenix Business Journal, KTAR, and The Real Deal.
The compound spans 20,900 square feet and includes a shooting range and go-kart track, per KTAR's reporting on the sale. Social media marketing was a factor in the deal, according to FOX 10, which profiled the property's amenities and promotional strategy.
The sale clears the prior Arizona benchmark by a significant margin. A Silverleaf estate in north Scottsdale held the previous record at $28.1 million, according to Modern Luxury. Before that, a $14 million closing in Desert Mountain held the north Scottsdale record, per KTAR's earlier coverage.
Who bought the Paradise Valley estate?
The buyer and seller were not identified in the primary source material reviewed by the Signal. The transaction closed as an all-cash deal, according to The Real Deal. Principals have not yet been disclosed in public records reviewed for this article.
Arizona Foothills Magazine and Homes.com News both confirmed the $40.238 million figure independently. The Maricopa County Recorder's office is the definitive source for deed and grantee information; the Signal will update this report when the recorded instrument is available.
The deed record, once filed, will be the source of record for buyer, seller, and agent of record.
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- Fox 10 Phoenix retrieved 21/08/2026 16:56
- AZ Big Media retrieved 21/08/2026 16:56
- therealdeal.com retrieved 21/08/2026 16:56
- ktar.com retrieved 21/08/2026 16:56
- modernluxury.com retrieved 21/08/2026 16:56
- ktar.com retrieved 21/08/2026 16:56
- arizonafoothillsmagazine.com retrieved 21/08/2026 16:56
- homes.com retrieved 21/08/2026 16:56
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 21/08/2026 16:56. Every claim traces to a source.
