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February 27.2026

2 Minutes Read

Inside Arizona's $40 Million Mansion: A Unique Jewel in Luxury Real Estate

Arizona's most expensive mansion with modern design and luxury home theater.

Unveiling Arizona's Most Lavish Mansion at $40 Million

A mansion in the affluent Paradise Valley neighborhood of Arizona is currently listed for a staggering $40 million, making it the most expensive home on the market in the state. Designed with opulence and leisure in mind, this expansive property includes amenities such as a shooting range, a 12-seat movie theater, and even a shark tank.

Luxury Meets Functionality in Paradise Valley

The sprawling estate, covering over 23,000 square feet and situated on nearly 2.25 acres, showcases a perfect blend of luxury and practicality. The main residence features 11 bedrooms, 13 bathrooms, and is designed to accommodate both grand social gatherings and intimate family moments. A standout feature is the fully equipped kitchen which boasts a double-oven gas range, a dedicated meat locker, and an industrial-style walk-in fridge — ideal for culinary enthusiasts.

Exciting Amenities to Attract Wealthy Buyers

The listing agent, Scott Grigg from the Grigg's Group Powered by the Altman Brothers, highlights that this paradise is not just a home but an entertainment epicenter. In addition to the basketball court and bowling alley, the property also includes a wellness center, complete with a sauna and steam room. There are two inviting fireplaces within the guest house, adding an extra touch of comfort for visitors. Grigg praises the uniqueness of such amenities in Arizona, suggesting that they are more characteristic of properties found in cities like Los Angeles and Miami.

A New Benchmark for Arizona Real Estate

If sold at the listed price, this mansion would break Arizona's record for the highest sale price, which currently stands at $33.5 million. The owners had initially constructed it for their growing family, but with children now moving out, they are downsizing. Grigg anticipates that an out-of-state buyer, perhaps from a larger metropolis like New York or Los Angeles, will be drawn to the property due to its unique offerings and the favorable tax climate in Arizona.

What This Sale Represents for the Arizona Market

The real estate market in Arizona, particularly in Paradise Valley, is experiencing a significant shift with an influx of buyers seeking more luxurious living options. This trend indicates a potential evolution in the state's reputation as a desirable place for high-net-worth individuals. As Grigg points out, "properties like this are in demand," highlighting a growing appetite for lavish homes complete with standout amenities. Arizona is putting itself on the map for luxury real estate, and listings like this one further solidify that status.

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