The upscale property market in Arizona serves as a display of extensive estates, modern sleek residences, and unrivaled amenities, all positioned amidst the state’s breathtaking desert scenery. With a budget of $5 million, you’ll discover residences presenting generous square footage, innovative design, and characteristics such as gourmet kitchens, private guest casitas, resort-style swimming pools, and vistas that extend for miles. From mountainside getaways with breathtaking panoramas in Firerock to modern estates in Paradise Valley, these properties merge contemporary luxury with practicality. Envision home theaters, wine cellars, elevators, and chef-inspired outdoor kitchens—all intended to enhance your lifestyle. Delve into what $5 million can acquire in Arizona, where each residence is crafted for elegance, comfort, and flair.
10. Phoenix, AZ – $5,400,000
This residence in Phoenix is listed at $5,400,000. It is a newly built single-family house completed in 2024, featuring six bedrooms and six bathrooms, encompassing 7,200 square feet. The home includes a whole-house programmable RTI smart system with Lutron and Sonos integration, multiple iPads/remotes, and advanced automation. The culinary space is outfitted with a custom 60-inch stainless steel Wolf hood, a Sub-Zero refrigerator/freezer, and an 18-foot granite island boasting a waterfall design. The residence showcases Italian 48×48 tile flooring, a towering 21-foot tiled fireplace, a floating staircase, and a wine cellar. Outdoor highlights comprise a resort-style backyard with a pool, sunken fireplace, gazebo, BBQ zone, and 24-foot palm trees.
Listing Agent: Lisa Tessler @ eXp Realty Via Coldwell Banker Realty
9. Tucson, AZ – $4,900,000
Here’s what you obtain in Tucson for $4,900,000. This property is a 14,462-square-foot single-family residence constructed in 1960, featuring 14 bedrooms and 17 bathrooms. It encompasses a renovated main ranch house surrounded by an acre of lush lawn, mature mesquite trees, and 60-foot pines. Outdoor amenities include a ramada with a dance floor embellished by chandeliers and string lighting. The property also boasts seven newly established Southwestern-style structures. It is designed for flexible use, suitable for gatherings, retreats, or multi-generational living.
Listing Agent: Adrianne Burnell @ Clayton Realty, LLC. Via Coldwell Banker Realty
8. Scottsdale, AZ – $4,995,900
All this in Scottsdale for $4,995,900. This 5,986-square-foot single-family residence, completed in 1994, features four bedrooms and five bathrooms, with en-suite bathrooms in all bedrooms. The property showcases a Santa Fe-inspired design, Venetian plaster finishes, wooden beam ceilings, and a central island kitchen equipped with Wolf and Sub-Zero appliances. Additional areas include a media room with an entertainment bar, a fitness room, and a two-room casita on the upper level with a viewing deck. The home also boasts a four-car garage, outdoor BBQ, and spa. Situated within Desert Highlands, it offers amenities such as a Jack Nicklaus signature golf course, tennis and pickleball courts, bocce ball courts, a fitness center, dining venues, walking paths, and gated security.
Listing Agent: Mike Domer @ Compass Via Coldwell Banker Realty
7. Glendale, AZ – $4,995,000
Take a look at this $4,995,000 residence in Glendale. This 6,500-square-foot single-family home incorporates six bedrooms, 5.5 bathrooms, and is positioned on a largely flat two-acre mountainside lot. The property includes a full-size sport court suitable for pickleball, tennis, or basketball, an infinity-edge pool, a firepit, and a fully equipped outdoor kitchen. Indoor amenities feature a gourmet kitchen with top-tier appliances, soaring beamed ceilings, a home theater, and ample living spaces. A detached casita offers extra privacy and accommodations for guests or multi-generational living. The residence provides expansive views of the city and adjacent mountains.
Listing Agents: Vincent Clark & Jennifer Edson @ Vcre Via Coldwell Banker Realty
6. Gilbert, AZ – $5,499,900
All this for $5,499,900 in Gilbert. This 7,226-square-foot single-family home, completed in 2024, offers six bedrooms and nine bathrooms, with each bedroom equipped with an en-suite bathroom and soaking tub. The property comprises a detached casita, a theater room, a game room, various flexible spaces, and a workout room. The kitchen includes dual walk-in pantries, marble and quartz countertops, three sinks, a 48-inch Wolf range with double ovens, two dishwashers, a Sub-Zero fridge and freezer, a Scotsman ice maker, and a beverage fridge. Outdoor amenities feature a heated pool with a rainfall feature, suspended lounge beds, and a built-in BBQ, as well as a six-car garage. Constructed with ICF blocks for energy efficiency, the residence also incorporates Control4 smart home automation and an elevator.
Listing Agent: Jennifer Felker @ Compass Via Coldwell Banker Realty
5. Peoria, AZ – $4,897,000
In Peoria, this exemplifies what you can acquire for $4,897,000. This 6,843-square-foot single-family home, constructed in 2018, features four bedrooms and five bathrooms, each bedroom hosting an en-suite bathroom. The house boasts an open floor plan with elevated ceilings and expansive glass windows and doors that amplify natural light. The kitchen showcases premium appliances, quartz countertops, and a roomy island. Outdoor amenities include a 966-square-foot pool, a hot tub, an outdoor kitchen with a built-in grill, and covered patios. The property also features a sizable casita for guests or a private office.
Listing Agent: Blake St John @ Engel & Voelkers Scottsdale Via Coldwell Banker Realty
4. Lake Havasu City, AZ – $5,500,000
For $5,500,000, here’s what you receive in Lake Havasu City. This 4,956-square-foot single-family home, finished in 2018, boasts four bedrooms, six bathrooms, an office, a game room, and an interior courtyard. The grand room features 16-foot ceilings, a fireplace, and pocket sliding doors facilitating indoor/outdoor living. The kitchen is equipped with two granite islands, a Viking range, a double oven, and a built-in refrigerator. Outdoor features consist of two covered patios, a pool, a 10×10 spa, two fire pits, and an outdoor cooking area. The property includes an attached four-car garage and a detached 80-foot-deep double RV garage with a deck offering lake views.
Listing Agent: Randy M Shuffler @ Realtyonegroup Mountain Desert Via Coldwell Banker Realty
3. Cave Creek, AZ – $5,295,400
This spacious residence in Cave Creek is available for $5,295,400. This 4,503-square-foot single-family dwelling, constructed in 2024, is located within a gated community on Black Mountain at an elevation exceeding 2,500 feet. The main level covers 3,200 square feet and comprises a great room with a covered terrace, a climate-controlled glass-enclosed wine room, and a lavish owner’s suite. A lower-level guest home has a separate entrance, a kitchen, a living room, a junior suite, and a private patio. The property also features an elevator and presents 270-degree views of the surrounding landscape. Designed by Mosaic Luxury Homes, the house emphasizes modern architecture, chef-inspired kitchens, and resort-style outdoor living.
Listing Agent: John W Birsner @ Ventana Fine Properties Via Coldwell Banker Realty
2. Paradise Valley, AZ – $5,250,000
In Paradise Valley, $5,250,000 will secure you this residence. This 4,927-square-foot single-family home, built in 2023, has four bedrooms and five bathrooms. The home features a gourmet kitchen with Gaggenau appliances, a large island, gas cooking, and abundant storage space. The primary suite offers stacking doors leading to the backyard, a spacious bathroom with quartz countertops, a separate tub and shower, and a generous closet. Additional amenities consist of a media room, a bar, and a separate guest house. The outdoor area is equipped with a heated pool, spa, fire feature, and a three-car garage, all nestled in Paradise Valley.
Listing Agents: R M Joe Bushong & Chad D Christian Jr @ Russ Lyon Sotheby’S International Realty Via Coldwell Banker Realty
1. Fountain Hills, AZ – $5,450,000
For $5,450,000 in Fountain Hills, you are presented with a highly appealing dwelling. This 6,068-square-foot single-family home, set to be completed in late 2025 or early 2026, features four bedrooms and six bathrooms. The upper level includes a theater room, a study, and an open kitchen equipped with an L-shaped slider for seamless indoor/outdoor living. The property boasts a generous bonus room on the garage level, accessible via an elevator. Outdoor amenities include a lavish pool, raised spa, built-in BBQ, planter boxes, and an elevated grass/garden area. Nestled within the Firerock hillside community, the home provides captivating views of the McDowell Mountains and Four Peaks.
Listing Agent: Casey J. Jann @ My Home Group Real Estate Via Coldwell Banker Realty
