Being able to say “I own the most expensive home in Peoria” could soon come with a new price tag — $3.9 million.
The seven-bedroom, nine-bathroom home is just coming on the market in the booming area of north Peoria. The home is at 8065 W. Expedition Way, near Pinnacle Peak Road and 81st Avenue.
The 9,000 square-foot house sprawls across a one-acre lot.
So what do you get for a few million? Amenities such as a 12-person theater, exercise room, game room, refrigerated wine room and an attached guest house.
And it’s brand new.
Realtor Nate Martinez said it’s rare for a builder to construct a multi-million dollar home without there already being a buyer. The wealthy will often buy an empty plot of land with a vision of their “dream home” and hire a contractor to build it, Martinez said.
The asking price is $700,000 more than the most expensive home sold in Peoria, which was sold in 2013 for $3.2 million, he said.
Martinez said he’s already shown it to prospective buyers, including a professional baseball player.
West Valley gets a taste of luxury
The property is in the gated Casa De Sunrise community, which opened in 2005. The community with 29 lots is about three-quarters developed.
The larger north Peoria area is filled with new home building, including many luxury homes approaching $1 million. Realtors say the home-buyers can get more for their money than in areas more commonly thought of for luxury homes such as Scottsdale or Phoenix’s Biltmore area.
Last year, 16 homes were sold for more than a million dollars in Peoria, nine were sold in Glendale and eight in Litchfield Park.
Martinez considers the rise of luxury homes in the West Valley as a trend that will continue into the near future — one, he notes, has likely gone unnoticed.
“It’s a growing market that people maybe don’t even know exist,” Martinez said.
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