It’s crucial to understand the characteristics that describe luxury homes for sale in Arizona before you purchase. A high “price tag” alone won’t put a property in the “luxury” category. A luxury home has to be unique, as wealthy Investors, are only willing to pay a premium for something which’s superior quality.
Additionally, luxury home buyers desire luxury property with access to luxury activities like high-end dining and shopping, the arts, in addition to proximity to some other luxury houses & neighborhoods. A traditionally viewed high value location such as Pinnacle Peak, Grey Hawk, Fountain Hills, or Paradise Valley, also adds intrinsic value due to the location alone.
Many luxury home buyers looking in Arizona also seek out the natural beauty of the dessert landscape, while others desire lush green lawns or mountainside views. They want many of the same features that all home buyers desire, but on a grander and/or finer scale … for which, they are willing to pay a premium.
Most also need privacy and security, sometimes even to the point of seclusion. They want beauty & luxury both inside and out, and are willing to invest in custom design, custom interior design, expert attention to the details, and opulent finishes.