VESTIS GROUP COMPLETES LUXURY HOME SALE IN PARADISE VALLEY FOR $1.6M
By Natan Jacobs | Vestis Group
(Phoenix – August 17, 2017) – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of 4748 East White Drive, a 3,987 square-foot hillside estate in Paradise Valley, Arizona, for $1,600,000 or $401 per square foot.
“Our client was interested in finding a new home in Paradise Valley with a great view since he enjoys spending time outside,” says Chad Barber, Investment Advisor at Vestis Group and the lead broker for this transaction, “He was ecstatic that we were not only able to locate a home with 270 degree views of the nearby mountains and city lights, but also that we were able to negotiate a $150,000 savings off the list price.”
The buyer paid $1.6 million cash for this Paradise Valley mansion in Sunset Hills. There are three bedrooms and 3 1/2 bathrooms. The home has 3,987 square feet and has views of Mummy Mountain, McDowell Mountain, Camelback Mountain, Phoenix Mountain Preserve and city lights in all directions. There are wrap around decks along the master bedroom, living room and kitchen. The hillside estate features a negative-edge pool and spa, floor to ceiling windows, guest casita and all the bedrooms are en-suite.
The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Chad Barber and Matt Morrell negotiated the transaction on behalf of the buyer. The seller was represented by Kelly Jones of Russ Lyon Sotheby’s International Realty in Scottsdale, Arizona.
Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential and commercial real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment and retail investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios), income producing single-family investment properties, neighborhood strip centers, retail power centers, retail strip centers, neighborhood grocery, retail PAD and retail shopping centers. In the field of housing, Vestis Group’s principals have developed, built, rehabilitated, constructed, improved, managed, and sold thousands of apartments units, condos, single-family homes and home sites.