A sprawling Paradise Valley estate featuring an underground go-kart track and a private shooting range has shattered the record for the most expensive home sale in Arizona history.
The 20,919-square-foot mansion at 5531 E. Mockingbird Lane closed on July 9 for $40.24 million in an all-cash deal, according to reporting from the Phoenix Business Journal.
The transaction breaks the previous state record set just last year in February 2025, when a 23,417-square-foot Paradise Valley mansion sold for $33.5 million. Both record-breaking deals were secured by Katrina Barrett, the designated broker and owner of Local Luxury | Christie’s International Real Estate…