Silver Sky’s First Spec Homes Hit The Market In 2026

The buzz is already building. Two new luxury spec homes will hit the market in January 2026 inside the Silver Sky community in Paradise Valley - a prime pocket at the base of Mummy Mountain in Paradise Valley. This 18-acre enclave has quickly turned into one of the most watched projects in “The Valley,” and the next listings are set to raise the bar again.

Quick Points

• Two spec homes list in January 2026

• Prices expected near $15M & $20M

• Located in Paradise Valley’s Silver Sky

• Approx. half the 12 lots already sold

Inside The Silver Sky Development

Silver Sky sits on 18 acres tucked against Mummy Mountain. It’s split into two quiet culs-de-sac, each with six estate lots. The first home broke ground in late 2024, and more than half the community is already spoken for.

• 12 custom estates total

• Two phases: north & south

• Infrastructure includes fiber, sewer, & paved streets

• Just minutes from Camelback & McCormick Ranch golf clubs

The project kicked off after land acquisition in 2021 and formal plat approval in 2023. Every lot comes fully serviced and ready for large-scale construction. Buyers are treating the neighborhood as rare inventory in an area with limited flat, buildable land.

Also Read: Silver Sky Luxury Community Breaks Ground In Paradise Valley

The Spec Homes Coming To Market

Two statement properties — Aster and Nova — headline the next phase. Both include detached casitas, private pickleball courts, and oversized garages designed for car collectors.

• Aster: ~8,565 sq. ft., 5 beds, 8 baths, 6-car garage

• Nova: ~12,000 sq. ft., 6 beds, 10 baths, 6-car garage

• Price range: roughly $15M–$20M

Each home showcases large-scale living and broad mountain views. Both are set to finish construction by early 2026, with listings timed for peak season.

Land & Market Movement

Recent land deals show the kind of pricing pressure now typical in this part of “The Valley.” One vacant Silver Sky lot sold for roughly $5M with plans for a 9,000-square-foot home. Others have traded in the $5.2M–$5.5M range after prior contracts fell through.

• PV land values remain high

• Limited inventory fuels demand

• Seasonal uptick expected as winter buyers return

Developers say rising land costs are pushing more teardown-and-rebuild activity across Paradise Valley. That trend continues to drive the luxury infill projects now reshaping the area.

The Bigger Paradise Valley Picture

Paradise Valley spans about 15 square miles between Phoenix & Scottsdale and holds the densest concentration of high-end homes in Arizona. Average home values hover near $4.4M — nearly eight times the Greater Phoenix average.

• $4.4M average home value

• 15.4 square miles total area

• Easy access to major resorts & golf clubs

For builders, the math is clear. With land so scarce, the push for value-add projects like Silver Sky isn’t slowing down. Each new listing there pulls heavy attention - and these two coming in January 2026 will be no exception.