A sprawling mansion in Paradise Valley, Arizona, has been listed for $40 million, a price that would set a new record for the state's residential property market. The current record, held by a nearby property, stands at $33.5 million from a 2025 sale. The 11-bedroom, 13-bathroom home is notable for its extensive, amenity-driven design, which includes a full-sized basketball court, a shark tank, a two-lane bowling alley, and a 12-seat movie theatre.
Construction on the 23,000-square-foot estate began in 2020, conceived by the owners to create unique spaces for their children's interests. With their children now grown, the owners are seeking to downsize. The property's listing agent, Scott Grigg of the Grigg's Group Powered by the Altman Brothers, told Business Insider that such a concentration of high-end amenities is unusual for Arizona and more commonly associated with coastal cities like Miami or Los Angeles.
A Magnet for Out-of-State Wealth
Grigg predicts the buyer will likely come from out of state, drawn by Arizona's quality of life and lower taxes. He noted an influx of buyers from major US cities into the state's luxury market. "Arizona is putting itself on the map," Grigg said, contrasting the estate's offering with similarly priced properties in California. The home is located in Paradise Valley, the wealthiest zip code in Arizona, which mandates minimum one-acre lots to maintain low density.
The area's appeal is underscored by a 2025 Henley & Partners report identifying neighbouring Scottsdale as the nation's fastest-growing hub for millionaires. Grigg stated that buyers in this price bracket seek standout features: "They want the best of the best and things that stand out."
Inside the Ultra-Luxury Estate
The main residence sits on nearly 2.25 acres and includes a separate guest casita with five bedrooms and 4.5 bathrooms. The primary kitchen features a double-oven gas range and a dedicated meat locker, leading to a butler's pantry with an industrial walk-in fridge and freezer. The home is fully automated using AVA and Crestron systems, controlling features like electronic shades and over 30 wireless phone chargers.
The primary bathroom offers a steam shower with multiple nozzles and a freestanding tub, with pocket doors opening to a private courtyard containing an additional tub and outdoor shower. For security, the property includes a 100-year-old bank vault that opens into a safe room.
Extensive Leisure and Wellness Facilities
The wellness centre adjacent to the basketball court contains a red-light sauna and a cold plunge. The professional-grade bowling alley features automatic ball return and lane maintenance. The home theatre is equipped with Dolby surround sound, and a golf simulator doubles as a shooting range with provided firearms.
A central wet bar with a pool table anchors the entertainment zone. Perhaps the most striking feature is the gun room, which houses a collection valued over $1 million and includes a three-lane shooting range. A custom $300,000 HVAC system provides hospital-grade air filtration, a critical feature for managing lead and toxic chemicals from indoor shooting, per OSHA guidelines.
Discreet Exterior and Buyer Requirements
Despite its extravagant interiors, the property maintains privacy, situated within a gated compound invisible from the street. Exterior amenities include a seven-hole putting green, a pool area with two gazebos and grills, and a raised viewing deck. The attached garage can accommodate up to 20 cars, with additional parking available on the basketball court.
Due to the property's value, Grigg confirmed that potential buyers must undergo extensive screening and provide proof of funds before viewing the estate.