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Sold for $7,300,000
  • $7,300,000

    5516 E Morrison Lane, Paradise Valley, AZ 85253

    5beds
    8baths
    8,074sqft
    Single Family Residence
    Built in 2000
    1.01 Acres Lot
    $7,415,300 Zestimate®
    $904/sqft
    $8,135 Estimated rent

    Home value

    $7,415,300

    $6.30M - $8.82M

    $8,135/mo

    Zestimate® history
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    $40,848/mo

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    What's special

    An authentic Italian villa-style home in Paradise Valley stands as a masterpiece of architecture and design. This majestic property, nestled in the heart of the Sonoran Desert, harmoniously blends classic Italian elegance with the distinctive desert landscape. The home's exterior, characterized by rustic stone facades and terracotta roof tiles, evokes the timeless charm of Tuscany. Verdant gardens with native plants, cypress trees and cascading bougainvillea surround the home, creating a serene oasis. As one enters through the private wrought-iron gates, a beautiful stone driveway leads to the grand motor court arrival experience. The foyer opens to an expansive living space with high, coffered and beamed ceilings. Oversized custom windows and doors leading to multiple covered patio and balcony spaces ensure great natural light and seamless indoor to outdoor living throughout this residence. The heart of the home is the gourmet kitchen, equipped with very high-end appliances, custom cabinetry and a large island, perfect for entertaining. An adjoining family room with grand fireplace offers a cozy retreat. The residence boasts multiple bedrooms, each with en-suite bathrooms featuring highly detailed fixtures and finishes, recalling the luxury of Italian design. The property includes a serene infinity pool, blending seamlessly with the horizon, and a plethora of gardens and mature trees, providing both privacy and a connection to nature. This amazing residence is more than just a home;; it's a piece of art, offering an unparalleled blend of luxury, comfort and the beauty of the Arizona landscape.

    Zillow last checked:

    Listing updated:

    Listed by:

    Julie Rohr 602-317-5667,

    RETSY,

    Libby Cohen 602-291-1446,

    RETSY

    Bought with:

    Christopher V Karas, SA555869000

    Compass

    Source: ARMLS,MLS#: 6611750MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 8
    Heating
    • Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Washer, Water Softener Owned, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Range, Gas Oven, Gas Cooktop, Water Purifier
    • Laundry: Inside
    Features
    • Pantry, High Speed Internet, Smart Home, Double Vanity, Other, Master Downstairs, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub
    • Flooring: Carpet, Stone
    • Windows: Low Emissivity Windows, Double Pane Windows, Mechanical Sun Shds, Wood Frames
    • Has basement: No
    • Number of fireplaces: 3
    • Fireplace features: Exterior Fireplace, Family Room, Living Room, Master Bedroom, Gas
    Interior area
    • Total structure area: 8,074
    • Total interior livable area: 8,074 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Garage Door Opener, Extended Length Garage, Direct Access, Circular Driveway, Attch'd Gar Cabinets, Over Height Garage, Storage, Side Vehicle Entry, Temp Controlled
    • Garage spaces: 4
    • Uncovered spaces: 8
    Accessibility
    • Accessibility features: Remote Devices
    Features
    • Stories: 1
    • Patio & porch: Covered, Patio
    • Exterior features: Other, Balcony, Private Yard, Built-in Barbecue
    • Has private pool: Yes
    • Pool features: Heated
    • Has spa: Yes
    • Spa features: Heated, Private, Bath
    • Fencing: Block
    • Has view: Yes
    • View description: City Lights, Mountain(s)
    Lot
    • Size: 1.01 Acres
    • Features: East/West Exposure, Hillside Lot, Borders Preserve/Public Land, Sprinklers In Rear, Sprinklers In Front, Desert Front, Cul-De-Sac, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
    Details
    • Additional structures: Guest House
    • Parcel number: 16906057

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other,Spanish,Santa Barbara/Tuscan
    • Property subtype: Single Family Residence
    Materials
    • Stucco, Other, Painted
    • Roof: Tile
    Condition
    • Year built: 2000
    Details
    • Builder name: Dave Hansen

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City Water
    Green energy
    • Energy efficient items: Multi-Zones

    Community & neighborhood

    Security
    • Security features: Security System Owned
    Location
    • Region: Paradise Valley
    • Subdivision: EL DORADO ESTATES

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    6/12/2024Sold$7,300,000-8.2%$904/sqft
    Source: ARMLS #6611750 Report a problem
    5/1/2024Pending sale$7,950,000$985/sqft
    Source: ARMLS #6611750 Report a problem
    4/15/2024Price change$7,950,000-5.9%$985/sqft
    Source: ARMLS #6611750 Report a problem
    3/26/2024Price change$8,450,000-4.5%$1,047/sqft
    Source: ARMLS #6611750 Report a problem
    10/5/2023Listed for sale$8,850,000-1.1%$1,096/sqft
    Source: ARMLS #6611750 Report a problem
    1/28/2023Listing removed$8,950,000$1,108/sqft
    Source: ARMLS #6475344 Report a problem
    10/10/2022Listed for sale$8,950,000-3.2%$1,108/sqft
    Source: ARMLS #6475344 Report a problem
    8/11/2022Listing removed$9,250,000$1,146/sqft
    Source: ARMLS #6359285 Report a problem
    7/14/2022Price change$9,250,000-5.1%$1,146/sqft
    Source: ARMLS #6359285 Report a problem
    3/21/2022Price change$9,750,000-9.3%$1,208/sqft
    Source: ARMLS #6359285 Report a problem
    2/23/2022Listed for sale$10,750,000+2594.9%$1,331/sqft
    Source: ARMLS #6359285 Report a problem
    1/7/1998Sold$398,900+73.4%$49/sqft
    Source: Public Record Report a problem
    3/22/1994Sold$230,000$28/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$16,609 +4.6%$457,830 +4.6%
    2024$15,878 +5.4%$437,560 +77.2%
    2023$15,063 +3.6%$246,976 -4.8%
    2022$14,543 -5.5%$259,350 +5.9%
    2021$15,395 +3.7%$244,950 +1%
    2020$14,843 +4%$242,630 +6.7%
    2019$14,269 $227,420 +6.1%
    2018$14,269 +4.3%$214,410 +8.9%
    2017$13,685 +8%$196,820 -0.5%
    2016$12,670 +0.9%$197,780
    2015$12,551 $197,780 +11%
    2014-- $178,150 +23.1%
    2013-- $144,730
    2012-- $144,730 -18.3%
    2011-- $177,230 -29.3%
    2010-- $250,630 -20.3%
    2009-- $314,330 -3.4%
    2008-- $325,350 +25%
    2007-- $260,300 +40.9%
    2006-- $184,750
    2005-- $184,750 -2.9%
    2004-- $190,200
    2003-- $190,200 +201.3%
    2002-- $63,120

    Find assessor info on the county website

    Neighborhood: 85253

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Kiva Elementary School
    • Middle: Mohave Middle School
    • High: Saguaro High School
    • District: Scottsdale Unified District

    Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $7,415,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $7,415,300