Five Star Development Launches Sales for Second Release of The Ritz-Carlton Residences

Registration Now Begins for 39 Luxury Estate Homes Available For Purchase in July

Scottsdale, Ariz. – Thirty-nine luxury homes will become available for purchase in July, with registration beginning this week, when the developer of The Ritz-Carlton Residences, Paradise Valley launches sales for the second release of residences located within the $2 billion resort community.

Priced from the low $5 millions, this exclusive collection of single-family Estate Homes will range in size from 5,500 to more than 12,000 square feet. Floorplans will be personalized to meet the lifestyle of the homeowner and will feature three to five bedrooms that can also be configured as entertainment spaces. Each home can have a main and lower level with 22 homes having the option to add an additional upper level. By providing four different home plans and three different elevation styles that emphasize modern, prairie and Mediterranean-inspired architecture, designed by Scottsdale-based C.P. Drewett, the enclave of Estate Homes will be incredibly diverse as no two neighboring homes will look alike.

“The Estate Home collection will offer a similar level of luxury as the previously released Villas but now, homeowners will have the added opportunity to personalize how the lower and upper levels will live,” said Jerry Ayoub, president of Five Star Development, the developer of the property. “With luxury branded residences being among the hottest residential real estate on the market right now, we have no doubt the Estate Homes will receive the same overwhelming demand as The Villas.”

The Estate Homes will exude a level of sophistication and superior luxury that will create the most powerful address in Arizona. An emphasis has been placed on creating generous, versatile spaces along with fully equipped kitchens, and optional prep kitchens, making these homes ideal for formal entertaining. In the backyard, homeowners can create their own oasis by adding expansive lawns, fountains, an outdoor kitchen or spectacular pool. Select master bathrooms will feature sliding doors that open out to a private water garden complete with outdoor showers and exquisite water features. Homeowners can also opt to have an auto showcase gallery, where an elevator will bring their exotic vehicle to be put on display in the lower level of their home.  

“What makes these Estate Homes so grand is that homeowners will have the ability to configure the layout and tailor many of the spaces to reflect their own living style. Since a majority of our buyers will be downsizing, it’s critical that we deliver a home with living spaces that have an appropriate finishing level and gathering spaces that are at scale to their previous home,” says Brendan Mann of The Solvere Group, the company handling sales and marketing for the developer of the community. “Whether homeowners need an extra bedroom to accommodate overnight guests or a health and wellness studio to keep up with their fitness goals, the sky is really the limit on what they can do with their Estate Home.”

The 122-acre, master-planned project, owned and developed by Scottsdale-based Five Star Development, includes a 200-room Ritz-Carlton resort that will be surrounded by 81 single-level villas and these 39 single-family estate homes, all of which will be whole-ownership and Ritz-Carlton branded.

Ritz-Carlton Residence owners will experience a “resort within a resort” with their own junior Olympic sized-pool, private and beautifully landscaped grounds, a dedicated concierge and residential management team, priority access to hotel amenities, and a host of a la carte services such as in-residence dining and housekeeping.

The Ritz-Carlton hotel will be spread over 20 acres and will boast North America’s longest resort pool at just over 400 feet, a 15,000 square-foot world-class spa with indoor and outdoor experiential treatment areas, a state-of-the-art health and fitness center, indoor and outdoor meeting and event space, a citrus orchard, an herb garden for the hotel’s restaurants, lush walking paths and a grand lawn with stunning views of iconic Camelback Mountain.

Sales commence for the Estate Homes in July, and prospective buyers must register starting June 25 in order to qualify to purchase one of the 39 homes. To register, visit The Residence Gallery (6720 N. Scottsdale Road, Suite 120), call 866-779-7489 or complete the online form at RCPVLuxury.com. The Residence Gallery is open weekdays from 11 a.m. until 5 p.m. and weekends by appointment only.

About Five Star Development
Founded in 1978 and headquartered in Scottsdale, Ariz., Five Star Development owns and develops projects in multiple real estate asset classes including hospitality, industrial, residential and retail in Arizona, California, Texas and New Mexico. For more information, visit www.fivestardevelopment.com.