Arizona's highest residential transaction of 2026 closed at $20.9 million in Paradise Valley. The all-time state record stands at $33.5 million, set fourteen months earlier. Between those numbers sits an ultra-luxury tier that is compressing, accelerating, and drawing buyers from a national pool that did not exist here a decade ago.
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Once the orange-grove edge of Phoenix, Arcadia has settled into something rarer: a neighborhood with both grown trees and a wine bar you'd actually drive to. A field guide for buyers who missed the first wave.
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