A luxury Scottsdale apartment complex near the Waterfront has sold for a record $210.4 million.
Optima Sonoran Village, on Camelback Road and 68th Street across from Scottsdale Fashion Square, was purchased by Des Moines-based Principal Real Estate on Tuesday, according to public real estate records.
Rents run as high as $4,000 a month for the 592 apartments built in 2013.
Amenities at Optima Sonoran inlcude a 19,000-square-foot residents club, sport facility with an indoor basketball court, pet park, putting green and car-wash station.
Optima, the developer behind several upscale Valley condominium and apartment projects, including a new tower near Kierland, sold the complex.
Award-winning architect David C. Hovey started Optima in the late 1970s developing high-end condos and homes in Chicago. One of Optima's first Arizona projects was the Optima Biltmore towers in Phoenix at 24th Street and Camelback Road.
This apartment deal dwarfs the second biggest Arizona apartment deal, the $125.5 million sale of the IMT Deer Valley apartments in northwest Phoenix in October.
Earlier this week, the Red Mountain Villas in Phoenix near Papago Park sold for $110 million.
Central Scottsdale, where Optima Sonoran Village is located, is a hotspot for new apartment development. The area, as well as downtown Tempe and central Phoenix, are drawing most of the almost 18,000 Valley apartments underway, planned or recently completed.