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12240 N 98th Street
Scottsdale, AZ 85260
$5,900,000
Conventional
Property
Bedroom
6
Bathroom
7
Property Type
Conventional
Square ft
6566
Property Description
Welcome to this exquisite, newly constructed masterpiece by Luxury Award-Winning Builder, Integrity Luxury Homes, nestled on a sprawling .99-acre lot in the Cactus Corridor neighborhood of Scottsdale, boasting an impressive 6,566 square feet of luxurious living space. This traditional house merges classic architectural elements with contemporary comforts. Inside you will find timeless design infused with sleek lines, and innovative features. Step into your own private oasis - from the inviting foyer to the airy living areas bathed in natural light, every detail is the exemplification of luxury meets leisure. This home offers a resort-style backyard designed for ultimate relaxation and entertainment. Featuring 6 bedrooms, 6.5 bathrooms, 4 air conditioned garage spaces PLUS a full-size RV Garage. You don't have an RV--No problem. It can be the perfect spot for a golf simulator, media room, craft room, or even parking for up to 11 more cars! Upon entering the home you are immediately greeted through the grand foyer into the formal dining room with its temperature-controlled Wall of Wine, setting the stage for memorable gatherings. Follow the seamless flow into the heart of this home, its expansive great room, featuring a stunning fireplace and captivating views of the meticulously landscaped backyard through the electrically-controlled wall of windows. The open-concept design leads into an extra-large gourmet kitchen, a culinary enthusiast's dream, equipped with thick Swan Cotton Quartz countertops, Wolf 6 burner dual-fuel range, and an additional Wolf Built-In 30" oven, 30" Subzero Refrigerator and 30" Subzero Freezer, 2 Asko dishwashers, 2 Wolf microwaves, a vast kitchen island with breakfast bar seating, custom Alder cabinets, custom tiled backsplash, a spacious casual dining room, a butler's pantry/bar, walk-in pantry with ample shelving and so much storage!! It's definitely the Wow factor! The luxurious primary suite serves as a private sanctuary, complete with a serene seating room that doubles as an office, private laundry room, a full bathroom with a soaking tub, a spa shower with floor-to-ceiling Marble, double vanity sinks, his and her walk-in custom closets with shelving, drawers, and cabinets, his and her toilets, patio access, and a gas fireplace for ultimate comfort and relaxation. Adjacent to the primary suite, discover a full guest suite which includes a kitchen, family room, gorgeous bedroom, private garage and a washer and dryer set. On the opposite corner of the home lies three additional guest bedroom suites, each with walk-in closets and en-suite baths and access to a shared beautiful and functional Flex Room, providing ample space for guests or creative pursuits. The utility areas are thoughtfully designed, with a mudroom and laundry room off the main garage area, equipped with counter space, cabinets, luxury pet wash and a sink, ensuring functionality and organization. Step outside to the expansive backyard, an oasis of leisure and entertainment, featuring a huge, covered patio that leads to a pool, raised spa, and outdoor fireplace. The outdoor kitchen, complete with a built-in BBQ and pizza oven, really anything you would need in an outdoor kitchen. All this and bar top seating that is surrounded by lush grass turf, offering endless possibilities for outdoor enjoyment and hosting. But there is more . The outdoor sport court is amazing. It is called a Multi-Sport Versa Court. It has an adjustable net for Pickle ball, Volleyball and Badminton. There is also a half-court basketball with adjustable hoop, hopscotch, and shuffleboard. Other exciting features throughout the home are 1,000-gallon Underground LP Gas Tank, rain gutters to match the roof, and the roof has Tamko Titan XT 30-year black shingles and charcoal metal roof that looks great, has better wear and tear, and the highest in wind protection and strongest seal. It was 2024 Product of the Year. And so much more!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
6688636
Location
Address
12240 N 98th Street
City
Scottsdale
State
AZ
Zip Code
85260
County
MARICOPA (COUNTY NORTHEAST)
Listing
Provider
Keller Williams - Scottsdale - Southwest, original listing
Name
Keller Williams - Scottsdale - Southwest
Phone
(480) 767-3000
Office Name
Keller Williams - Scottsdale SW
Office Phone
(480) 767-3000
Agent Name
Martha Andrews

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.