Most Expensive Zip Codes, 85253, Estate of the Day

by Deidre Woollard (RSS feed)
Apr 18th 2008 at 1:02PM

For the next couple of weeks we will be checking out some homes in the most expensive zip codes in the United States, up today, 85253 . This zip code refers to Paradise Valley, Arizona. This small town in the Phoenix metropolitan area is home to a number of golf resorts and hotels and has become a popular warm weather destination for the affluent.

This particular area with a bumper crop of new lavish homes has a median price of $1,980,000 and an appreciation rate of 266% since 1990. We've featured a variety of homes in the area. One of the most intriguing in the area is the McCune mansion, the heir to the Hormel fortune recently owned this massive home which is over 50,000 square feet total. The property is a fantastic white elephant, it was originally listed at $25 million and now sits at $17 million. Much of the real estate in the area is given over to faux Spanish haciendas with lots of beige and stone arches. There is also a smattering of contemporary architecture like this beauty by Bud Fonce,

Today's home is less extravagant and seems more charmingly livable than others I've seen in the area. It is located in Invergordon Heights which sits between the Mummy and Camelback mountains. It has a more traditional feel with warm woodwork, wainscotting, crown and baseboard moldings, wrapped columns and a floating staircase, There are six-bedrooms total including a master bedroom with a exercise room.The children's wing features a bonus area and the downstairs theater easily seats 20. There is also a pool and a guest house. This home is listed at $6 million.

Gallery: Most Expensive Zip Codes, 85253, Paradise Valley, AZ

Tags: 85253, arizona, estate of the day, EstateOfTheDay, invergordon heights, InvergordonHeights, luxury real estate, LuxuryRealEstate, most expensive zip codes, MostExpensiveZipCodes, paradise valley

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Reader Comments (Page 1 of 1)

beanspants Apr 18th 2008 5:04PM

man, those people hate art hung on the walls as much as my mom does.

justpicky Apr 22nd 2008 2:57PM

You've to be a CEO to owe a mansion like this .....hope they've maids , chefs , gardeners , etccccc to keep up with this house.........oh let's not forget a poolboy ...LOL