Hard Money Lenders In Paradise Valley, AZ

Considering investing in Paradise Valley, Arizona, real estate? Smart move! This affluent AZ community is a great place to fix and flip or rent a home… and Hard Money Lenders Arizona is here to help you with your next investment.

What do real estate investors need to know about Paradise Valley? Just northeast of Phoenix, the state capital, Paradise Valley is home some of the most exclusive residential properties in Arizona. From sprawling golf course estates to architectural wonders, this desirable community boasts a low crime rate, a high median income, and stunning scenery at every turn.

Paradise Valley AZ History

Though Paradise Valley may be best known for its upwardly mobile residents and amazing homes, the town’s past lies in a more humble place. In the 1880s, settlers came to this small valley, nestled between Camelback Mountain, Mummy Mountain, the Phoenix Mountain Preserve, the McDowell Mountains, and the Piestewa Peak Mountains.

Early settlements focused on ranching, with acres of land used for cattle grazing. It’s believed that the city’s name came from agricultural surveyors., who were impressed by the area’s natural beauty, green palo verde trees, and profusion of wildflowers that carpet the desert in the spring.

For decades, the region was used primarily for agriculture. But nearly half a century later, more residents began moving into Paradise Valley after World War II. At that time, the land was sold off in large lots that usually encompassed from one to five acres.

Paradise Valley’s much-larger neighbor cities, Phoenix to the west and Scottsdale to the east, were growing as well. The residents of Paradise Valley were worried that the peaceful, oasis-like quality that imbues the valley would be lost if these larger cities encroached too far.

In 1961, the residents banded together to form the Citizens Committee for the Incorporation of The Town of Paradise Valley, Arizona. Together, they successfully petitioned the county to incorporate Paradise Valley as a town.

Not surprisingly, Paradise Valley has drawn many wealthy and famous residents over the years. Some include musician Stevie Nicks, actor Leslie Nielsen, Senator Barry Goldwater, Supreme Court Justice Sandra Day O’Connor, boxers Muhammad Ali and Mike Tyson, and Olympic athlete Jesse Owens, just to name a few.

Residents can even view a monument to Senator Barry Goldwater in Paradise Valley’s central Goldwater Park. This beautifully maintained public space is a perfect place for a leisurely stroll through desert landscaping, complete with the politician’s more noteworthy quotes memorialized along a walking path.

Paradise Valley Real Estate

Today, Paradise Valley is home to over 14,000 people. Residents here enjoy a very highly rated school system, a low crime rate, and the highest household income in the state, averaging over $175,000.

Though big-city amenities are just minutes away in Phoenix and Scottsdale, Paradise Valley retains a rural feel. Homes tend to be spacious, set on large lots with stunning views, surrounded by attractive landscaping.

Home styles run the gamut, from restored brick ranch styles from the 1950s to ultra-modern glass and metal architectural marvels, Tuscan homes on golf courses to expansive mansions. Overall, real estate here can be defined in one word: Upscale.

The median home value as of 2020 is over $1.5 million, more than 818 percent higher than the national average home value of $184,000. The vast majority — 94 percent — of residents own their homes, with just 7 percent renting.

Here, investors will find luxurious homes. Many properties are located inside guard-gated communities, and golf course living is a major draw. Investors should expect to find homes with amenities such as home theaters, tennis courts, swimming pools, heated spas, guest homes and casitas, and multi-car garages.

Paradise Valley Shopping, Dining, and Recreation

Paradise Valley may be small, but it boasts its share of upscale dining and shopping options. The area is known for its fine dining, with multiple acclaimed eateries in and around town.
With eight full-service resorts, it’s easy to find great food and boutique shopping, as well as top-notch spa services. There’s a reason why Paradise Valley is known as the “Beverly Hills of Arizona.”

Investors should keep in mind that Paradise Valley jealously guards its star-filled nighttime views, open spaces, and rural feel. That means that aside from resorts, there are very few commercial businesses inside city limits. The good news is that countless shopping, dining and entertainment venues are just a short drive away in all directions.
Recreation opportunities abound, however. Paradise Valley is surrounded by rugged, scenic mountains. Hiking, walking and mountain biking trails crisscross the town, and there are plenty of places to ride horses and engage in bird watching.

Then there’s the golf. With two private courses in town and dozens more within a short drive, golf enthusiasts will love calling Paradise Valley home. Add in more than 300 days on sun per year and it’s to see why this town is a premier golf destination.

For real estate investors, Paradise Valley homes are a great choice. The area’s stunning natural beauty, luxurious amenities, lush golf courses, and upscale properties underlie a health real estate market.

If you’re seeking to invest in Paradise Valley Arizona real estate, Hard Money Lenders Arizona are here to help. We offer a robust range of loan options to help you make your next investment into a success.