Ritz-Carlton, Paradise Valley Residences Update

The Ritz-Carlton Residences in Paradise Valley are turning heads again. From fresh villa inventory to estate homes nearing completion, this ultra-luxury community is buzzing. With the resort's grand opening on the horizon and new contenders like Summit by Olson Kundig entering the scene, timing is everything. Here's the latest from the ground.

Villas: Fresh Inventory & Nearly Finished Residences

After years of steady but extended construction, several Ritz-Carlton Villas are now hitting the market. Some are complete, others just about there. Buyers finally have a chance to snag a residence that’s ready or close to move-in.

• Villa #2010: 1 bed + den, 1,743 SF, $2.795M

• Villa #2022: 3 bed, 3.5 bath, 3,202 SF, $5.7M

• Villa #2017: 4 bed, 4.5 bath, 4,786 SF, $6.395M (buyer selects finishes)

• Villa #3030: Penthouse, 3 bed + den, 3.5 bath, 3,568 SF, $7.21M

These units come with generous parking, storage, and full access to resort amenities. One of our clients has already closed on a villa, and another will be available for rent soon. We've toured these homes extensively and can vouch for their quality. This is Paradise Valley real estate at its finest.

The Estates: Limited Availability & Customization

The Estates at Ritz-Carlton, Paradise Valley are nearly sold out. Only a few parcels remain, offering customizable floor plans by architect C.P. Drewett. Home sizes range from 5,480 to over 12,000 SF, with prices between $8.995M and $20.195M.

• RC-1: 5,480–7,746 SF, $8.995M–$12.795M

• RC-2: 7,437–9,191 SF, $12.095M–$12.995M

• RC-4: 7,105–9,981 SF, $11.595M–$17.795M

• Custom Homes: 6,600–8,000 SF, $10.795M–$20.195M

Monthly dues are approximately $5,257, covering landscaping, water features, and 24-hour gate staff. Owners enjoy full access to hotel amenities, including the spa, fitness center, and concierge services.

Resort Amenities: Opening Spring 2026

The Ritz-Carlton Resort, central to the community, is set to open in Spring 2026. It will feature 215 guest accommodations, a 400-foot pool (the longest resort pool in North America), a spa with desert-inspired treatments, and multiple on-site restaurants. Owners will have full access to these amenities, enhancing the luxury living experience.

The Palmeraie: Luxury Shopping & Dining

Adjacent to the residences, The Palmeraie is poised to become Arizona's premier luxury shopping and dining destination. Spanning 18 acres, it will offer 160,000 square feet of high-end retail and dining experiences, attracting those seeking the best in luxury living.

FENDI Private Residences: Coming Soon

The FENDI Private Residences, located within The Palmeraie, are anticipated to begin sales in Fall 2024. This six-story building will house approximately 52 ultra-luxury units, catering to high-profile individuals seeking exclusivity and top-tier amenities. As of now, pricing and specific details are forthcoming.

Summit by Olson Kundig: New Competition

Summit by Olson Kundig, located at Ascent at The Phoenician, has recently released pricing, positioning itself as a significant competitor in the luxury market. Prices reach up to $2,200 per square foot, with units ranging from $2 million to over $10 million. This development offers a modern alternative for buyers seeking luxury living in the area.

For more information or to schedule a tour, fill out the contact form below. See you next time here on LUXE BLOG.