New Ultra-Luxury Estates Approved Near the Ritz-Carlton in Paradise Valley
March 17, 2026
March 17, 2026
A new luxury residential project has recently received approval in Paradise Valley, introducing a small collection of ultra-exclusive estate homes located near the highly anticipated Ritz-Carlton Paradise Valley. The development reflects continued demand for expansive custom estates in one of the most prestigious real estate markets in the Phoenix metropolitan area.
According to reports, the project is being developed by Texas-based 3S Real Estate Investments in collaboration with luxury real estate professionals Nathan Waite and David Larchez, both known for their involvement in high-end residential projects in Paradise Valley and Scottsdale.
The approved development will include four luxury home sites across approximately 10 acres, offering substantial space for custom-built estates. Each homesite is expected to range from approximately 2.1 to 2.5 acres, allowing homeowners to create private residences with expansive outdoor living spaces and resort-style amenities.
Plans indicate that the homes themselves could reach 12,000 to 20,000 square feet, positioning them among the largest and most exclusive residences in the region. Early estimates suggest that completed homes could command prices approaching $30 million, reflecting the exceptional size, location, and exclusivity of the project.
Paradise Valley has long been recognized as one of the most desirable luxury housing markets in the Southwest. The town is known for its spacious estate properties, mountain views, and proximity to world-class golf courses, fine dining, and high-end resorts. The nearby Ritz-Carlton development, which spans more than 120 acres and includes a luxury resort, branded residences, and retail amenities, has already attracted significant attention from luxury buyers and investors.
New estate projects like this one highlight the continued strength of the ultra-luxury segment of the Phoenix real estate market. While many metropolitan areas face inventory shortages, Paradise Valley remains a destination for buyers seeking privacy, architectural design, and resort-style living in the desert landscape.
Limited-inventory developments such as this four-estate enclave are particularly attractive because they combine large land parcels with close proximity to luxury hospitality and lifestyle amenities. As Phoenix continues to attract high-net-worth buyers relocating from California, Texas, and other major markets, demand for exclusive properties in areas like Paradise Valley and Scottsdale remains strong.
For buyers, investors, and luxury homeowners, projects like this demonstrate how the Valley’s high-end housing market continues to evolve with new developments designed for modern luxury living.
If you're interested in exploring luxury homes in Paradise Valley, Scottsdale, or the greater Phoenix area, Camille Kennard provides expert guidance and local insight into the Valley’s most exclusive communities. Whether you are searching for a custom estate or considering selling a luxury property, Camille offers personalized service and strategic market expertise to help you navigate Phoenix’s evolving luxury real estate market.
Primary source (Phoenix Business Journal article referenced in your graphic):
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