The Most Expensive Neighborhoods in Phoenix, AZ

Most Expensive Neighborhoods in Phoenix, AZ

While many of the most expensive homes in the Phoenix Metro Area are found in Scottsdale, Paradise Valley, and other highly desirable suburbs just outside the city limits, Phoenix also has its fair share of high-end neighborhoods and communities luxury home buyers shouldn’t ignore when looking for the perfect new place to call home. From gated communities to country clubs, here’s a closer look at just some of the most expensive neighborhoods in Phoenix.

Del Ray Estates

Del Ray Estates is a sprawling and sunny subdivision located in the Arcadia neighborhood of Phoenix, Arizona. It comprises over 20 single-family homes that start at around three million dollars a piece. That isn’t without some serious perks though; properties here span multiple thousands of square feet with massive backyards. Many have in-ground pools and multi-car garages, upwards of four bedrooms and bathrooms, plus wrap-around driveways. Camelback Mountain is your backyard view, and you’re within a ten-minute walk of some of the best restaurants in Phoenix as well. While lots of the homes at Del Ray Estates date back to the 1960s, virtually all have been updated to accommodate modern tastes. That includes luxurious touches like hardwood flooring, central air conditioning, and all the amenities you’d expect in a high-end property. Location is undoubtedly one of the reasons why Del Ray Estates properties have become so pricey over the years. It’s close to downtown, major highways, and just a few minutes from Camelback Village Racquet & Health Club.

Biltmore Highlands

Piestewa Peak and Camelback Mountain come together to create a stunning backdrop for Biltmore Highlands, a sought-after neighborhood located just north of Phoenix. Many of the properties here are just as expensive as those of Del Ray Estates – some even more so – with sprawling lots, ample living space, and breathtaking views. Much of the neighborhood was built in the late 80s and early 90s, but there are some properties that date as far back as the 70s. Home exteriors and interiors have been updated over the years, including modern touches such as real stone countertops, floor-to-ceiling windows, and stainless steel appliances. Expect five bedrooms, five bathrooms, and giant private landscapes to be the norm when home shopping here. As far as location goes, there’s a lot to love about Biltmore Highlands. It’s tucked away from the hustle and bustle of downtown, but still close enough to major highways for a fast commute.

Luxury Homes in Phoenix AZ


Looking for the perfect setting to call home in Phoenix? Start searching all available Phoenix homes for sale or contact the luxury home experts with Fulton Grace for help with all your home buying & selling needs!

Marion Estates

Marion Estates, located Northeast of Phoenix, is another great option for those seeking a luxurious lifestyle south of Camelback Mountain. This exclusive neighborhood is characterized by its grand mansions and stunning views of the Phoenix skyline. Having been built in the 1950s, you might expect the homes at Marion Estates to be past their prime. How good can two or three bedrooms of space on a 1/3 acre lot really be after 70 years? Well, if you take care of it, pretty darn valuable. This development sits on what is now one of Phoenix’s most desirable plots of land – right down the road from Arizona Falls and Piestewa Peak Trailhead. Each home touts its own unique style and charm, although all share current market prices in the multiple millions of dollars.

Encanto-Palmcroft Historic District

If you’re looking for an established neighborhood that not only has a high level of charm and character but also stunning architectural diversity, the Encanto-Palmcroft Historic District in North Phoenix is it. Bounded by 7th Avenue, 15th Avenue, McDowell Road, and the Encanto Park Golf Course, prospective home buyers will love all the classic Spanish, Tudor, and Monterey Revival style homes throughout the Encanto-Palmcroft Historic District, not to mention its quiet tree-lined streets and the meticulously manicured lawns that help give homes in the neighborhood supreme curb appeal. Smaller homes in the Encanto-Palmcroft Historic District might start in the $600,000s but don’t be surprised to see immaculate, move-in ready dwellings priced well into the millions.

Mountain Park Ranch

It’s easy to get a vibe of Mountain Park Ranch by simply reading its name. This place is a utopia of hills, trees, and outdoor recreation areas. Whether it’s the nearby South Mountain Park and Preserve or the Ahwatukee Lakes Golf Club, you won’t have trouble finding ways to enjoy yourself here. The homes at Mountain Park Ranch are reasonably large and vary in styles from contemporary to Western. Their prices are obviously dependent on size, but you can expect them to span anywhere from $300,000 to upwards of $1 million. 

Related Phoenix Real Estate Content

Read more about what some of the Phoenix area’s best residential communities and developments have to offer.

Leave a Reply