One of Paradise Valley’s newest trophy homes just found a deep-pocketed buyer, even after the first one walked away. The modern estate at 5902 E. Cactus Wren Road closed last Wednesday for $14.575 million, a hefty price that has the local luxury market buzzing. The single-level, roughly 7,419-square-foot home is stacked with outdoor living spaces that frame sweeping views of both Camelback and Mummy mountains, and the sale is now front and center in high-end real estate chatter for its sheer size and sky-high price per square foot.
Property records show the home changed hands for $14,575,000, according to Redfin. On a roughly 7,419-square-foot footprint, that shakes out to about $1,965 per square foot, which is no small chunk of change even by Paradise Valley standards.
The estate was designed by Matt Thomas Architecture and built by MDF Development, according to the MLS listing on Compass. It had been marketed at around $16 million, with Frank DiMaggio of The Agency holding the listing.
Record per-square-foot mark
At roughly $1,965 per square foot, the deal surpasses previous benchmarks for Arizona luxury homes. A 2021 sale in Paradise Valley that set the prior record at about $1,566 per square foot is documented in coverage from AZ Big Media, underscoring just how far top-tier buyers are willing to stretch past median values.
Local market picture
Luxury inventory and demand in Paradise Valley remain elevated compared with much of the rest of the Valley, and the numbers back that up. Data from Realtor.com show a January 2026 median listing price near $5.5 million and a median price per square foot around $1,000. That gap between the medians and headline-grabbing sales like this one highlights the split between everyday high-end listings and true trophy properties…