Keith Hylton, a principal at Arcadia Home Builders, purchased a Arcadia home from Berkley Vallone, an interior designer in Phoenix for $2,150,000. Wide-plank flooring, custom tile work and hand-plastered walls can be seen throughout the home. There are five bedrooms, 4½ bathrooms, an office and game room. The newly constructed 4,256-square-foot ranch home boasts chic style and sophistication.

Thomas Anselmi, a Canadian businessman and senior executive in the sports and entertainment industry, paid $2,225,000 cash for this north Scottsdale home. The four-bedroom and 4½-bathroom abode is tucked away in Desert Mountain. Boasting an open floor plan, the home features a 600-bottle walk-in refrigerated wine cellar, gourmet kitchen and study. There is also a detached casita. The backyard exudes tranquility with an expansive space, fireplace, pool and spa. Ross Kari, former chief financial officer of the Federal Home Loan Mortgage Corporation, sold the 5,386-square-foot property through his family trust.

Joseph Hsu, a urologist in Gilbert, purchased a modern, multilevel mansion in Paradise Valley for $3.6 million. The 8,900-square-foot estate rests on over an acre with gorgeous mountain views. The open floor plan features glass, stainless steel and custom finishes. A dual fireplace anchors the living room and is surrounded by a glass and stainless upstairs landing as well as a retractable glass wall leading into the backyard. The curved floating staircase is adjacent to the dining room and walk-in wine cellar. The gourmet kitchen provides its own level of sophistication with a dining nook, a retractable glass wall, walk-in pantry and a dumbwaiter to the upstairs master suite. Five bedrooms and seven bathrooms complete the rest of the home. Wade Carrigan, manager of Central Stanfield Service Co., sold the property.

Mark Kucher, founder and managing director of British Swiss Investment Corp., paid $2.9 million in cash for his contemporary masterpiece of a home in Paradise Valley. The property belongs in a museum with its intricately constructed concrete walls exuding true artistry and design. The previous owner spent $6 million dollars on creating this work of art. Towering windows, an open-floor concept, high-quality finishes and bamboo flooring are just a few of the luxuries of this home. The 8,797-square-foot estate has four bedrooms, five bathrooms, a workout facility, media center and office with spectacular mountain views. Pascal De Sarthe, an art dealer, curator and collector based in Hong Kong, sold the home.

James Rogers paid $2.5 million cash for this north Scottsdale home in the Silverleaf neighborhood through his family trust. The estate it fitted with smart technology and is inspired by Spanish architecture. There are five bedrooms, 5½ bathrooms, detached casita, theater room and secret playroom for the kids. For adults, the temperature-controlled wine room is a nice touch. The master bedroom features a luxurious bathroom with claw-foot tub, bidet, double walk-in closet and a fireplace in the sitting area. Robert Weisman and his wife, Judy, sold the 5,834-square-foot home through their trust.

James Janik, chairman of the board at Douglas Dynamics in Wisconsin, and his wife, Susan, bought this north Scottsdale home for $2.3 million through their family trust. The living room features floor-to-ceiling windows giving a panoramic view of Pinnacle Peak. Nestled on 1.4 acres, the estate boasts a contemporary style and an open floor plan. The master suite and office are located on a separate wing, away from the two guest suites. The backyard includes a heated negative-edge pool, spa and large covered patio. Thomas Phillips sold the home.

John and Joann Siefert purchased this designer Scottsdale home for more than $2 million from Scott Pfeiffer, the manager of RS Cavallo LLC, an Arizona limited-liability company owned by Sonora West Development Inc. The home includes four bedrooms, four-and-a-half bathrooms, a formal dining room, powder room and game room. The open-floor concept in the great room leads to the kitchen, which overlooks the rear covered patio and expansive front courtyard. The estate has 5,496 square feet.

Happily Ever After in Arizona LLC will be living happily indeed after the purchase of this enormous mansion in Paradise Valley for $12,750,000. The home has 14,150 square feet, seven bedrooms, 12 bathrooms and an 800-bottle wine cellar. Other features include a top-notch fitness center with a sauna, separate guest house, and an 11-car garage. The resort-style backyard is designed with a large pool and spa, sports court and an air-conditioned cabana. Scott Archer, a shopping center developer, and his wife, Carolyn, sold the estate. This is the third-priciest home sale in Arizona history.

Antonios Christofellis purchased this Arcadia abode in Phoenix for $2,350,000. The home has 5,609 square feet and was built in 2016. There are five bedrooms, five bathrooms and a game room. The home boasts an open floor plan and vaulted ceilings. Uptown Home I LLC, an Arizona limited-liability company managed by David Kowaleski, owner of Uptown Realty Mortgage Construction, sold the home.

Charles Gehre purchased this $2.1 million home in north Scottsdale.

Dresser Properties LLC, a Delaware limited-liability company paid over $3.5 million for this home in Paradise Valley.

John McKenna Jr., paid $2.14 million in cash for this Scottsdale home.

Scott and Kristin Kortmeyer paid cash for this brand new home in Silverleaf. There are 4 bedrooms and 4½ bathrooms in the 5,244-square-foot home. Calvis Wyant Homes 9 LLC, an Arizona limited liability company founded by Tony Calvis and Gary Wyant, sold the home.

Charles Gehre purchased this $2.1 million home in north Scottsdale.

Dresser Properties LLC, a Delaware limited-liability company paid over $3.5 million for this home in Paradise Valley.

John McKenna Jr., paid $2.14 million in cash for this Scottsdale home.

Happily Ever After in Arizona LLC will be living happily indeed after the purchase of this enormous mansion in Paradise Valley for $12,750,000. The home has 14,150 square feet, seven bedrooms, 12 bathrooms and an 800-bottle wine cellar. Other features include a top-notch fitness center with a sauna, separate guest house, and an 11-car garage. The resort-style backyard is designed with a large pool and spa, sports court and an air-conditioned cabana. Scott Archer, a shopping center developer, and his wife, Carolyn, sold the estate. This is the third-priciest home sale in Arizona history.

Antonios Christofellis purchased this Arcadia abode in Phoenix for $2,350,000. The home has 5,609 square feet and was built in 2016. There are five bedrooms, five bathrooms and a game room. The home boasts an open floor plan and vaulted ceilings. Uptown Home I LLC, an Arizona limited-liability company managed by David Kowaleski, owner of Uptown Realty Mortgage Construction, sold the home.

Keith Hylton, a principal at Arcadia Home Builders, purchased a Arcadia home from Berkley Vallone, an interior designer in Phoenix for $2,150,000. Wide-plank flooring, custom tile work and hand-plastered walls can be seen throughout the home. There are five bedrooms, 4½ bathrooms, an office and game room. The newly constructed 4,256-square-foot ranch home boasts chic style and sophistication.

Thomas Anselmi, a Canadian businessman and senior executive in the sports and entertainment industry, paid $2,225,000 cash for this north Scottsdale home. The four-bedroom and 4½-bathroom abode is tucked away in Desert Mountain. Boasting an open floor plan, the home features a 600-bottle walk-in refrigerated wine cellar, gourmet kitchen and study. There is also a detached casita. The backyard exudes tranquility with an expansive space, fireplace, pool and spa. Ross Kari, former chief financial officer of the Federal Home Loan Mortgage Corporation, sold the 5,386-square-foot property through his family trust.

Joseph Hsu, a urologist in Gilbert, purchased a modern, multilevel mansion in Paradise Valley for $3.6 million. The 8,900-square-foot estate rests on over an acre with gorgeous mountain views. The open floor plan features glass, stainless steel and custom finishes. A dual fireplace anchors the living room and is surrounded by a glass and stainless upstairs landing as well as a retractable glass wall leading into the backyard. The curved floating staircase is adjacent to the dining room and walk-in wine cellar. The gourmet kitchen provides its own level of sophistication with a dining nook, a retractable glass wall, walk-in pantry and a dumbwaiter to the upstairs master suite. Five bedrooms and seven bathrooms complete the rest of the home. Wade Carrigan, manager of Central Stanfield Service Co., sold the property.

Mark Kucher, founder and managing director of British Swiss Investment Corp., paid $2.9 million in cash for his contemporary masterpiece of a home in Paradise Valley. The property belongs in a museum with its intricately constructed concrete walls exuding true artistry and design. The previous owner spent $6 million dollars on creating this work of art. Towering windows, an open-floor concept, high-quality finishes and bamboo flooring are just a few of the luxuries of this home. The 8,797-square-foot estate has four bedrooms, five bathrooms, a workout facility, media center and office with spectacular mountain views. Pascal De Sarthe, an art dealer, curator and collector based in Hong Kong, sold the home.

James Rogers paid $2.5 million cash for this north Scottsdale home in the Silverleaf neighborhood through his family trust. The estate it fitted with smart technology and is inspired by Spanish architecture. There are five bedrooms, 5½ bathrooms, detached casita, theater room and secret playroom for the kids. For adults, the temperature-controlled wine room is a nice touch. The master bedroom features a luxurious bathroom with claw-foot tub, bidet, double walk-in closet and a fireplace in the sitting area. Robert Weisman and his wife, Judy, sold the 5,834-square-foot home through their trust.

James Janik, chairman of the board at Douglas Dynamics in Wisconsin, and his wife, Susan, bought this north Scottsdale home for $2.3 million through their family trust. The living room features floor-to-ceiling windows giving a panoramic view of Pinnacle Peak. Nestled on 1.4 acres, the estate boasts a contemporary style and an open floor plan. The master suite and office are located on a separate wing, away from the two guest suites. The backyard includes a heated negative-edge pool, spa and large covered patio. Thomas Phillips sold the home.

John and Joann Siefert purchased this designer Scottsdale home for more than $2 million from Scott Pfeiffer, the manager of RS Cavallo LLC, an Arizona limited-liability company owned by Sonora West Development Inc. The home includes four bedrooms, four-and-a-half bathrooms, a formal dining room, powder room and game room. The open-floor concept in the great room leads to the kitchen, which overlooks the rear covered patio and expansive front courtyard. The estate has 5,496 square feet.

Wendy A. Galgano paid $2.9 million cash through her family trust for this 7,000-square-foot mansion in Carefree.

Nicholas and Eleanor Androulidakis paid $2.375 million cash for this Paradise Valley estate overlooking the Phoenix Preserve. Located in Clearwater Hills, the 5,263-square-foot contemporary-style home features Australian wood floors, 20-foot ceilings and glass walls that connect the dining and living rooms. There are four bedrooms, 4½ bathrooms and a bonus game room and loft. The gourmet kitchen features Miele appliances, a La Cornue five-burner gas range and Alder wood cabinetry. The master suite comes equipped with its own fireplace, as well as a bidet in the master bathroom. The backyard has a spacious patio, negative-edge pool and views of nearby Mummy Mountain and surrounding Valley. The house was sold by Warren Neugarten, CEO at Edens Place Inc., and his wife, Andrea.

Dr. Ronald A. Landry, founder and medical director of Eyecare Associates, and his wife, Casey, purchased this 4,465-square-foot estate in the Estancia community of Scottsdale for $2.6 million. The Southwest/contemporary-style home sits on the edge of a golf course and has three bedrooms, 3½ bathrooms, a private guest house, vaulted ceilings and soaring glass windows that frame the view of Pinnacle Peak. Stone floors, granite counters and stacked stone walls detail the home. The backyard is primed for entertaining with a heated pool with spa, multiple covered patios, gas fireplace and barbecue station. 1146666 Onatario Limited sold the home.

George Gialamas, CEO of The Gialamas Co., paid $2.695 million cash through his trust for this custom 6,325-square-foot mansion in the Rancho Sunnyvale community of Paradise Valley. The Santa Barbara-style home has five bedrooms and 5½ bathrooms, a den/office, home theater and separate entrance to a guest house. The home has three fireplaces, a pool and heated spa, and three covered patios for entertaining. Scott Clay, member of Clay Land LLC, an Arizona limited-liability company, sold the home.

George Gialamas, CEO of The Gialamas Co., paid $2.695 million cash through his trust for this custom 6,325-square-foot mansion in the Rancho Sunnyvale community of Paradise Valley. The Santa Barbara-style home has five bedrooms and 5½ bathrooms, a den/office, home theater and separate entrance to a guest house. The home has three fireplaces, a pool and heated spa, and three covered patios for entertaining. Scott Clay, member of Clay Land LLC, an Arizona limited-liability company, sold the home.

Donald Waite, director of the Executives in Residence Program at Columbia Business School in New York, and his wife, Ronda, paid $1.9 million cash for this 7,015-square-foot mansion in the Metes and Bounds community of Scottsdale. The Spanish hacienda sits on the edge of Pinnacle Peak and has five bedrooms, 5½ bathrooms, and individual his-and-her office studios designed around a center courtyard. The courtyard also has a custom-designed pool with water features and lush landscaping. Spanish accents include the barrel-vaulted brick and beamed ceilings, custom tile work, custom carved doors and cabinetry and an outside sleeping porch with fireplace. The estate features several charming exterior courtyards and fountains and a full guest casita. Mary Swift sold the home through her trust.

Donald Waite, director of the Executives in Residence Program at Columbia Business School in New York, and his wife, Ronda, paid $1.9 million cash for this 7,015-square-foot mansion in the Metes and Bounds community of Scottsdale. The Spanish hacienda sits on the edge of Pinnacle Peak and has five bedrooms, 5½ bathrooms, and individual his-and-her office studios designed around a center courtyard. The courtyard also has a custom-designed pool with water features and lush landscaping. Spanish accents include the barrel-vaulted brick and beamed ceilings, custom tile work, custom carved doors and cabinetry and an outside sleeping porch with fireplace. The estate features several charming exterior courtyards and fountains and a full guest casita. Mary Swift sold the home through her trust.

Troy Priem, former CEO at Nobles Worldwide, Inc., purchased this Paradise Valley mansion in the Paradise Canyon Foothills neighborhood. There are six bedrooms and nine bathrooms in the 10,054-square-foot Santa Barbara/Tuscan-style estate. The house is completely remodeled and upgraded with two family rooms, a home theater, game room and library with built-in bookcase. The luxurious backyard includes expansive grass lawns with stone walkways and fountains, a kids play space, multiple patios, a private pool and spa and built-in barbecue. Cheryl Venarge sold the home through her trust.

Linda Cohn, vice-president at Industrial Packaging Corp., purchased this Paradise Valley estate through her trust. The 6,461-square-foot contemporary-style mansion is brand new and has five bedrooms, four-and-a-half bathrooms and intimate views of Camelback Mountain. The modern home features granite counter tops, wood floors and custom pantry, with floor-to-ceiling glass walls throughout. The backyard is impeccably sleek and groomed, with a modern fireplace, pool and spa overlooking Camelback Mountain and a built-in barbecue and patio for entertaining. Aspen Blackcat Development LLC, an Arizona limited liability company, sold the home.

Lewis W. Coleman, former president of DreamWorks Animation, and Anne Solbraekke paid cash through their trust for this Paradise Valley mansion in the Kerr Estates community. There are seven bedrooms and nine bathrooms in the 9,500-square-foot contemporary/Santa Fe-style estate. The house is accessed at the end of a long, rambling driveway and has been remodeled with steel windows and doors, wide-plank wood flooring, Hans Grohe fixtures, antique doors and custom lighting. Three separate buildings include a large gym featuring floor-to-ceiling windows, a guest casita, private office and wine room/bar. The backyard is primed for entertaining featuring a pool with water features, separate pool house, multiple fireplaces, expansive patios and spectacular grounds with indigenous plants and immaculate green lawns. An LLC named after the address of the home was the seller.

Pat Perez, PGA golfer who won the Bob Hope Classic, and his wife, Ashley, purchased this Scottsdale estate in Canyon Heights for $3.9 million. The 9,712-square-foot contemporary-style mansion has four bedrooms, 5½ bathrooms, a trophy room, built-in office, game room, exercise room, full-size theater, wet bar and a one-bedroom guest house. The backyard is primed for entertaining with heated spa and pool with water and fire features, a barbecue station and a full-size tennis and sport court. MLGGLC LLC sold the home.

Bryan Mitchell and his wife, Dana, paid through their trust for this 9,550-square-foot Paradise Valley home. This five-bedroom, 5½-bathroom Santa Barbara/Tuscan-style home features Italian Catania stone, European wood flooring and exposed wooden beams throughout. An attached guest villa with separate entrance comes fully appointed with living room, kitchen and a separate bedroom. The backyard features an ornate stone lap pool and private spa. FGG LLC, an Arizona limited-liability company, sold the home.

Rainbow Dash LLC purchased this Paradise Valley mansion in the Mockingbird Square neighborhood for $4.7 million. There are five bedrooms and 6½ bathrooms in the gated 8,310-square-foot estate. The home features a large game room with wet bar, two refrigerators, three ovens, two powder bathrooms and tall french bifold doors, opening to views of Mummy Mountain. The house has a five-car garage as well as a separate guest house with its own single-car garage. The resort-style grounds feature expansive grass lawns with impeccable landscaping, stone walkways, fountains, a kids play space, multiple patios, built-in barbecue, a private spa and a pool with shaded swim-up bar. J. M. Wall Development Inc., a custom homebuilder in Scottsdale, sold the home.

Left Turn LLC, an Arizona limited-liability company, paid $4.6 million cash for this Scottsdale mansion in the Lombardi Estates neighborhood. The 9,779-square-foot English country-style mansion has six bedrooms, nine bathrooms, and a 250-year-old English manor entry gate with oak trees flanking the distinctively paved driveway. The main home has a home gym, a private sport court and an attached 1,124-square-foot guest house. The backyard features a fireplace, private pool and a built-in barbecue and patio for entertaining. The home was sold by a Delaware limited-liability LLC named after the address of the home.

David Shannon, and his wife Maureen, paid cash through their trust for this 8,333-square-foot mansion in Paradise Valley.

Nicholas and Eleanor Androulidakis paid cash for this Paradise Valley estate.

Scott and Kristin Kortmeyer paid cash for this brand new home in Silverleaf. There are 4 bedrooms and 4½ bathrooms in the 5,244-square-foot home. Calvis Wyant Homes 9 LLC, an Arizona limited liability company founded by Tony Calvis and Gary Wyant, sold the home.

John and Marcia Rowley purchased this Scottsdale home for $2.75 million in cash.

Derek and Mallory Anderson paid $2.8M for this Scottsdale home.

This Paradise Valley mansion sold in January 2017 for $12.75 million.

Joseph Hsu bought this $3.6 million Paradise Valley home.

Thomas Anselmi paid cash for this Scottsdale home.

3. Rental unit construction finishes: Phoenix will be home to two new apartment complexes in 2017. The Broadstone Roosevelt apartment complex (pictured) will include more than 300 units on Third and Roosevelt streets beginning in June, according to developer Alliance Residential. Just down the street on First Avenue and Roosevelt Street, apartment complex Union @ Roosevelt will provide 80 apartment units starting in February, managed by Metrowest Development.

Paradise Valley Resident and developer Charles Mieg thought Mummy Mountain looked like an Egyptian mummy lying down. Do you see it?

The average increase in Valley home values during 2016 is about 8 percent.

Left Turn LLC, an Arizona limited liability company, paid cash for this Scottsdale mansion in the Lombardi Estates neighborhood.

Bryan Mitchell and his wife Dana paid through their trust for this 9,550-square-foot Paradise Valley home in Collice Portnoff Estates.

William Yabrough Jr. paid cash through his trust for this 7,514-square-foot gated mansion in Paradise Valley.

Phoenix Suns guard Devin Booker paid $3.25 million for a 5,600-square-foot house near Scottsdale Road and Lincoln Drive in Paradise Valley.

Kenneth Ellegard, a used-car dealer in Phoenix, and his wife, Cheryl, paid $3.9 million cash for this new luxury condominium in the Enclave at Borgata in central Scottsdale. The 3,016-square-foot contemporary-style condo has three bedrooms and 3½ bathrooms as well as steel frame and concrete construction, a gated entrance, gardens, heated pool and spa, dog park and a fully-equipped fitness studio and a walking path. The open floor plan features a split master, en suite guest rooms, 10-foot ceilings, an oversize patio/balcony and full-size laundry rooms. Enclave at Borgata LLC, a Delaware limited liability company, sold the home.

John and Carole Wooldrik paid cash for this new 5,100-square-foot luxury condominium in the Enclave at Borgata in central Scottsdale.

Arizona Coyotes center Derek Stepan has paid $3 million for a new home in the posh Silverleaf neighborhood of north Scottsdale’s DC Ranch.

Karen Wang and her partner, Logan Stephenson, play with their dogs Sophie (right) and Olivia at Margaret T. Hance Park in Phoenix on July 21, 2016. Wang has purchased a condo in the Portland on the Park project under construction.

Justin Morneau, former designated hitter for the Minnesota Twins, and his wife, Krista, sold this 8,373-square-foot Paradise Valley mansion in Fanfol Estates.

Justin Morneau, former designated hitter for the Minnesota Twins, and his wife, Krista, sold this 8,373-square-foot Paradise Valley mansion in Fanfol Estates.

An 1898 train depot hauled up a Phoenix mountain by a former Arizona Highways Magazine editor to create a home is now on the market for $1.05 million.

Visitors to the Malandro home have a view through to the Biltmore golf course from her kitchen thanks to fully retractable sliding that leads to the patio.

When a nearby school closed, Kuty and Gottlieb salvaged several structures for their own yard, including a steel carport frame, which they incorporated into the garden. Rebar trellises attached to the sides now support tomatoes and other vines, and the frame can be covered with shadecloth during summer.

John and Carole Wooldrik paid cash for this new 5,100-square-foot luxury condominium in the Enclave at Borgata in central Scottsdale.

A rendering of the north entry in the evening for the Two Biltmore Estates.

The sun rises over Camelback Mountain as seen in this photograph from a Paradise Valley resident.

Water is a big part of living in Estrella, a master-planned community in Estrella.

A rendering of the north entry in the evening for the Two Biltmore Estates.

Metro Phoenix homeowners, who have gained equity on their homes, are receiving letters, calls and knocks on the door from investors looking to buy Valley houses.

Sold Sign

Higher metro Phoenix home prices have made it difficult for buyers to afford a new home. But three mortgage lenders just raised their loan limits.

Phoenix apartment complex sells for $110 million

Optima Sonoran Village apartments in Scottsdale on Jan. 27, 2015.