A new property listing in Tempe, Arizona, has set a local record with an asking price of $7.25 million. The 6,480-square-foot residence, located in the Circle G Ranches neighborhood, is designed to emulate a private resort in Bali, featuring extensive luxury amenities.
The home includes five bedrooms and five-and-a-half bathrooms, combining high-end interior design with comprehensive outdoor entertainment facilities. This listing represents a new benchmark for the residential real estate market in Tempe.
Key Takeaways
- A home in Tempe's Circle G Ranches is listed for a record-breaking $7.25 million.
- The 6,480-square-foot property features 5 bedrooms and 5.5 bathrooms.
- Its design is inspired by Balinese resort retreats, emphasizing indoor-outdoor living.
- Key amenities include a glass-enclosed wine room, a resort-style pool with cabanas, a pickleball court, and a full outdoor kitchen.
Record-Setting Price for Tempe Market
The $7.25 million price tag for this Circle G Ranches property marks a significant milestone for the Tempe housing market. Listings at this price point are more commonly associated with neighboring areas like Scottsdale and Paradise Valley, known for their luxury real estate.
This sale, if completed near the asking price, would establish a new precedent for property values in the city. The listing is managed by Russ Lyon Sotheby's International Realty, an agency that specializes in high-end properties.
Property Specifications at a Glance
The single-story home sits on a spacious lot, providing ample room for its extensive features. The main residence spans 6,480 square feet of living space, designed with an open floor plan to enhance the flow between indoor and outdoor areas.
The layout includes:
- Five large bedrooms, each with dedicated bathroom access.
- A total of five full bathrooms and one half-bathroom.
- Multiple living and dining areas for both formal and casual gatherings.
- A dedicated office space and other flexible-use rooms.
Understanding the Tempe Real Estate Landscape
Tempe, home to Arizona State University, has traditionally been known for a more diverse housing market compared to its luxury-focused neighbors. However, neighborhoods like Circle G Ranches have long been enclaves of larger, custom-built homes on spacious lots. This record listing could signal a growing appetite for ultra-luxury properties within the city limits.
Interior Design and Luxury Features
The home's interior was conceived with a specific vision: to create the feel of a serene, upscale Balinese resort. This is achieved through the use of natural materials, clean lines, and large windows and retractable doors that merge the interior with the lushly landscaped exterior.
A central feature of the main living area is a modern, glass-enclosed wine room. This climate-controlled space serves as both a functional wine cellar and a striking design element, visible from the dining and entertainment areas.
A Focus on Entertaining and Comfort
The gourmet kitchen is equipped with top-of-the-line appliances, custom cabinetry, and a large central island, designed for both everyday living and hosting large events. The open-concept design ensures that the kitchen flows seamlessly into the family room and out to the patio.
Each of the five bedrooms is designed as a private suite, offering comfort and privacy. The primary suite is particularly notable, featuring a spa-like bathroom with a soaking tub, a large walk-in shower, and direct access to a private outdoor space.
The Rise of Specialty Amenities
High-end homes are increasingly including specialized amenities that cater to specific lifestyles. While home theaters and gyms were once the standard, features like dedicated pickleball courts and temperature-controlled wine walls reflect the latest trends in luxury residential development.
An Outdoor Oasis for Recreation and Relaxation
Perhaps the property's most defining characteristic is its extensive outdoor living space, which fully embodies the Bali-resort theme. The backyard is centered around a large swimming pool, complete with water features and surrounded by a stone patio.
Multiple shaded cabanas are positioned around the pool, providing comfortable, resort-style lounging areas for relaxing or entertaining guests. These structures offer a reprieve from the Arizona sun and enhance the vacation-like atmosphere.
Sports and Culinary Entertainment
Catering to the growing popularity of the sport, the property includes a full-size pickleball court. This amenity has become a highly sought-after feature in luxury homes, appealing to a wide range of ages and athletic abilities.
Adjacent to the pool area is a comprehensive outdoor kitchen. This is not merely a built-in grill but a fully equipped culinary space with a barbecue, refrigerator, sink, and ample counter space for food preparation and serving. It allows for seamless outdoor dining and entertaining on a large scale.
According to information provided by Russ Lyon Sotheby's International Realty, every element of the property was designed to create a private retreat that feels completely removed from the city, while still being conveniently located.
Location and Neighborhood Profile
The home is situated in Circle G Ranches, one of Tempe's most exclusive and established neighborhoods. Known for its large, irrigated lots and custom homes, the area offers a sense of privacy and space that is rare in such a central location.
The neighborhood provides easy access to major freeways, Phoenix Sky Harbor International Airport, and the downtown areas of Tempe, Scottsdale, and Phoenix. This combination of seclusion and accessibility is a key driver of property values in the area.
This record-breaking listing not only highlights the unique features of a specific property but also underscores the evolving character of the luxury real estate market in Tempe. It sets a new benchmark and may influence future development and property valuations in the region.
