http://www.paradisevalleyliving.com Living in Paradise Valley Arizona. Plus buying and selling luxury real estate. Tue, 13 May 2008 22:12:33 +0000 http://backend.userland.com/rss092 en There were 16 properties sold in the town of the Paradise Valley in April, ranging in price from $535,000 to $4,700,000. Average price per square foot - $377.75 and average % of asking price - 90.51%. http://www.paradisevalleyliving.com/news/paradise-valley-sales-report-april-2008/ The Paradise Valley Town Council unanimously approved its portion of the $1.5 billion proposed Ritz-Carlton resort and residential community Thursday. Scottsdale-based Five Star Development plans to build the ultra-upscale complex on 123 acres southwest of Indian Bend and Scottsdale roads. The project spills about 16 acres over the town’s border ... http://www.paradisevalleyliving.com/news/15-billion-ritz-carlton-resort-approved/   The Ritz-Carlton is planning a $400 million resort in PV that would include 321 homes, villas and condos built around a hotel and its 225 casitas. The development would go on 120-acres bounded by Lincoln Drive, Indian Bend Road, Mockingbird Lane and Scottsdale Road. They hope to ... http://www.paradisevalleyliving.com/news/ritz-carlton-coming-to-pv/ Paradise Valley planners will meet to consider size of new homes... The Arizona Republic reports that the Paradise Valley Planning Commission will have a work-study session today to discuss limiting the size and impact of the large Paradise Valley luxury homes being built, especially in older neighborhoods.  http://www.paradisevalleyliving.com/news/pv-zoning-changes-home-sizes/ Many Paradise Valley residents fear the recent trend of razing old homes... The Arizona Republic reports that some long-time residents of Paradise Valley are not happy with all the teardowns of older homes in favor or huge new houses that block views and take up more of the open desert. ... http://www.paradisevalleyliving.com/news/razing-old-homes-pv/ Mansions are changing the character of Paradise Valley neighborhoods... The Arizona Republic reports that Paradise Valley officials are hearing increasingly from residents who are upset with new office-sized houses built on rural lots once filled with low profile ranch-style houses. Residents are upset not only about losing their scenic views, ... http://www.paradisevalleyliving.com/news/giant-pv-homes/ A resort firm recently bought land in Paradise Valley, AZ for $74 million. The Arizona Republic reports that Marriott International has purchased the 120-acre parcel of land at the northwestern corner of Lincoln Drive and Scottsdale Road from the Sinclair Oil Company for $74 million and is now deciding ... http://www.paradisevalleyliving.com/news/major-land-purchase/ The site of the former Herberger family home in Paradise Valley Arizona is slated for a 10-lot single family residential development. This is one of the larger subdivisions left in Paradise Valley and naturally will be in high demand. The development, which is slated to be called Invergorden Manor and ... http://www.paradisevalleyliving.com/news/pv-estate-to-be-split/ The Phoenix Business Journal, reports that the teardown market involves a lot of paperwork, from the demolition permit to the building permit, and that there are high fees involved. Some areas have historic districts, which can be a barrier to contractors or buyers seeking property for tear downs. ... http://www.paradisevalleyliving.com/news/teardowns-wrapped-in-red-tape/ Basketball star Penny Hardaway made this week's list of the buyers and sellers of the Valley's priciest homes (for the week): $5,300,000. New York Knicks guard Anfernee Hardaway, also known as Penny Hardaway, has sold his 20,400 square-foot Paradise Valley estate. A group called Mortgages Ltd. bought (stole at ... http://www.paradisevalleyliving.com/news/sports-stars-dream-home/