5516 E Morrison Lane, Paradise Valley, AZ 85253
Property image
Property image
OFF MARKET

$7,429,800

Trulia Estimate
  • 5 Beds
  • 8 Baths
  • 8,074 sqft (on 1.01 acres)

5516 E Morrison Lane, Paradise Valley, AZ 85253

Est. Refi. Payment $43,565/mo*
Refinance Your Home
Currently Off Market - Sold Jun 12, 2024 for $7,300,000

Home Value

Trulia Estimate
$7.43M
Since last month
Increased$12K (+0.2%)
Since last year
Increased$681K (+10%)
Since last sale
Increased$199K (+2.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +135% in the last 10 years
MonthEstimated value
2026
September 2026$7.5M
August 2026$7.49M
July 2026$7.27M
June 2026$7.44M
May 2026$7.28M
April 2026$7.27M
March 2026$7.14M
February 2026$7.23M
January 2026$7.02M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5301 E Vista Rica Street, Paradise Valley, AZ
0.48
Single-Family Home
$5,000,000
10/02/25
6
8
7,300
5338 E Saguaro Place, Paradise Valley, AZ
0.40
Single-Family Home
$3,950,000
04/08/26
5
4.5
6,060
8353 N 58th Place, Paradise Valley, AZ
0.75
Single-Family Home
$6,350,000
06/08/26
5
6
8,768
8243 N MOCKINGBIRD Lane, Paradise Valley, AZ
0.67
Single-Family Home
$5,725,000
04/06/26
5
7
7,376
5029 E DESERT PARK Lane, Paradise Valley, AZ
0.64
Single-Family Home
$12,940,000
05/15/26
6
7
8,403
7525 N SHADOW MOUNTAIN Road, Paradise Valley, AZ
0.52
Single-Family Home
$10,550,000
12/09/25
4
5
7,380
5747 E CABALLO Drive, Paradise Valley, AZ
0.78
Single-Family Home
$5,650,000
02/27/26
5
6.5
6,853
5221 E ARROYO Road, Paradise Valley, AZ
0.83
Single-Family Home
$8,025,000
12/19/25
5
6.5
9,376

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
7903 N 54TH Place, Paradise Valley, AZ 85253
0.15
$8,995,000
5
6
6,324
For Sale
7929 N 55TH Street, Paradise Valley, AZ 85253
0.16
$4,192,600
4
8
7,466
Off Market
7915 N 54TH Place, Paradise Valley, AZ 85253
0.17
$3,639,800
4
5
5,887
Off Market
7921 N 54TH Street, Paradise Valley, AZ 85253
0.24
$3,801,400
4
4.5
4,424
Off Market
7903 N 54th Street, Paradise Valley, AZ 85253
0.25
$5,360,300
6
6
6,283
Off Market
5339 E DESERT VISTA Road, Paradise Valley, AZ 85253
0.26
$3,492,600
4
3.5
5,533
Off Market
5407 E Road Runner Rd, Paradise Valley, AZ 85253
0.26
$6,805,900
4
7
9,612
Off Market
5301 E ROADRUNNER Road, Paradise Valley, AZ 85253
0.30
$5,304,000
5
5
6,210
Off Market
0 N 54th Street #-, Paradise Valley, AZ 85253
0.34
-
-
-
-
Off Market
5338 E Saguaro Place, Paradise Valley, AZ 85253
0.40
$3,950,000
5
4.5
6,060
Recently Sold
5880 E Foothill Dr., Paradise Valley, AZ 85253
0.37
$7,893,000
5
7
8,726
Off Market

Local Information

  • Map ViewExplore the area around 5516 E Morrison Lane.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2000
1.01 acre lot
8,074 sqft
$920/sqft
Garage

About this House

An authentic Italian villa-style home in Paradise Valley stands as a masterpiece of architecture and design. This majestic property, nestled in the heart of the Sonoran Desert, harmoniously blends classic Italian elegance with the distinctive desert landscape. The home's exterior, characterized by rustic stone facades and terracotta roof tiles, evokes the timeless charm of Tuscany. Verdant gardens with native plants, cypress trees and cascading bougainvillea surround the home, creating a serene oasis. As one enters through the private wrought-iron gates, a beautiful stone driveway leads to the grand motor court arrival experience. The foyer opens to an expansive living space with high, coffered and beamed ceilings. Oversized custom windows and doors leading to multiple covered patio and balcony spaces ensure great natural light and seamless indoor to outdoor living throughout this residence. The heart of the home is the gourmet kitchen, equipped with very high-end appliances, custom cabinetry and a large island, perfect for entertaining. An adjoining family room with grand fireplace offers a cozy retreat. The residence boasts multiple bedrooms, each with en-suite bathrooms featuring highly detailed fixtures and finishes, recalling the luxury of Italian design. The property includes a serene infinity pool, blending seamlessly with the horizon, and a plethora of gardens and mature trees, providing both privacy and a connection to nature. This amazing residence is more than just a home;; it's a piece of art, offering an unparalleled blend of luxury, comfort and the beauty of the Arizona landscape.
5516 E Morrison Lane, Paradise Valley, AZ 85253 is a 5 bedroom, 8 bathroom, 8,074 sqft single-family home built in 2000. It last sold for $7,300,000 on Jun 12, 2024 (8% below the $7,950,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $7,429,800.
Last check for updates: about 7 hours ago
Listed by Julie Rohr, (602) 317-5667
RETSY
Libby Cohen, (602) 291-1446
RETSY
Bought with: Christopher V Karas, (602) 919-6511, Compass
Source: ARMLS, MLS#6611750
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Home Details for 5516 E Morrison Lane

Interior Features

Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 8
Dimensions and Layout
Living Area: 8074 Square Feet
Appliances & Utilities
Appliances: Dryer, Washer, Water Softener Owned, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Range, Gas Oven, Gas Cooktop, Water PurifierDishwasherDisposalDryerLaundry: InsideRefrigeratorWasher
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 3Fireplace: Exterior Fireplace, Family Room, Living Room, Master Bedroom, GasSpa: Heated, Private, BathHas a FireplaceHas a Spa
Windows, Doors, Floors & Walls
Window: Low Emissivity Windows, Double Pane Windows, Mechanical Sun Shds, Wood FramesFlooring: Carpet, Stone
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Accessibility: Remote DevicesFloors: Carpet, Stone
View
Has a ViewView: City Lights, Mountain(s)
Security
Security: Security System Owned

Exterior Features

Exterior Home Features
Roof: TilePatio / Porch: Covered, PatioFencing: BlockOther Structures: Guest HouseExterior: Other, Balcony, Private Yard, Built-in BarbecueHas a Private Pool
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4Open Parking Spaces: 8No CarportHas a GarageHas Open ParkingParking Spaces: 12Parking: Garage Door Opener,Extended Length Garage,Direct Access,Circular Driveway,Attch'd Gar Cabinets,Over Height Garage,Storage,Side Vehicle Entry,Temp Controlled
Pool
Pool: HeatedPool
Frontage
Responsible for Road Maintenance: City Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 208

Property Information

Year Built
Year Built: 2000
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Other,Spanish,Santa Barbara/Tuscan
Building
Construction Materials: Stucco, Other, PaintedNot Attached Property
Property Information
Usage of Home: NoneParcel Number: 16906057

Price & Status

Price
List Price: $7,950,000
Status Change & Dates
Off Market Date: Tue Apr 30 2024Possession Timing: Close Of Escrow, By Agreement

Active Status

MLS Status: Closed

Location

Direction & Address
City: Paradise ValleyCommunity: EL DORADO ESTATES
School Information
Elementary School: Kiva Elementary SchoolElementary School District: Scottsdale Unified DistrictJr High / Middle School: Mohave Middle SchoolHigh School: Saguaro High SchoolHigh School District: Scottsdale Unified District

Building

Building Details
Builder Name: Dave Hansen
Building Area
Building Area: 8074 Square Feet

HOA

HOA Fee Includes: No FeesNo HOA

Lot Information

Lot Area: 1.0116 Acres

Offer

Listing Terms: Cash, Conventional

Energy

Energy Efficiency Features: Multi-Zones

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 6611750

Price and Tax history

DateEventPrice
Jun 12, 2024
Source: ARMLS #6611750
Sold
$7,300,000
May 1, 2024
Source: ARMLS #6611750
Pending
$7,950,000
Apr 15, 2024
Source: ARMLS #6611750
PriceChange
$7,950,000
Price decreased by 6%
Mar 26, 2024
Source: ARMLS #6611750
PriceChange
$8,450,000
Price decreased by 5%
Oct 5, 2023
Source: ARMLS #6611750
Listed For Sale
$8,850,000

Market trends in Paradise Valley

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$3.77M
$346KMoM
Sale-to-List Price
—
Price per sq ft
$846
$24MoM
Available listings
124
13MoM

Around this home

What Locals Say about Paradise Valley

At least 93 Trulia users voted on each feature.

  • 93 % Say car is needed

  • 90 % Say it's quiet

  • 87 % Say it's dog friendly

  • 84 % Say parking is easy

  • 73 % Say yards are well-kept

  • 72 % Say there's holiday spirit

  • 70 % Say there's wildlife

  • 68 % Say they plan to stay for at least 5 years

  • 66 % Say people would walk alone at night

  • 47 % Say there are sidewalks

  • 44 % Say it's walkable to restaurants

  • 44 % Say neighbors are friendly

  • 36 % Say it's walkable to grocery stores

  • 33 % Say streets are well-lit

  • 28 % Say there are community events

  • 22 % Say kids play outside

Sourced by Trulia users. Learn more about our methodology.
  • Mnpiasec
    "Hiking! Camelback mountain. Everyone is very active and friendly . Always walking their dogs around here or checking in on others. "
    0
    Flag
  • Aw
    "Large spacious lots, great location in city, great shopping, restaurants, and friendly community. Can’t beat it!"
    0
    Flag
  • Terry A.
    "Definitely need a car for even the most basic errand. That said, great location to the 51, we are 15 mins to the airport. Paradise Valley is nestled between Phoenix and Scottsdale "
    0
    Flag
  • Terry A.
    "Safe, quiet neighborhoods. Mixed households of working professionals, retired and young families. Have to drive to public parks and playgrounds. Houses on acre lots so that makes it more challenging to engage with your neighbors. "
    0
    Flag
  • Ann
    "Well taken care of yards. Gated and safe. . Beautiful homes with HOAs and a strong city to make sure they stay that wary. "
    0
    Flag
  • Ann
    "Beautiful, well cared for properties. Pride of ownership shows in every home. Most homes sit on an acre or more and most are gated. "
    1
    Flag
  • chanegw
    "Paradise Valley is ideally located in the Phoenix valley. Close to shopping, the airport, downtown, Scottsdale activities, but free from traffic, and unwanted commercial activity. Great schools, golf, and recreational activities."
    0
    Flag
  • philsperfect
    "I live on Lincoln Drive. Its great for commuting to work (Sky Harbor & Scottsdale). Shopping and nightlife, bars / restaurants are excellent and all within 10-15 mins drive. Truly exceptional area and all with great views."
    0
    Flag
  • Gjjams
    "Wonderful neighborhood, good view, great schools."
    0
    Flag
  • Neal W. S.
    "I enjoy living in the Laplace area of Paradise Valley because it is clean, safe, flat which is great for taking walks, only 5 minutes to freeways, shopping, entertainment, recreation, and very quiet and private area. Everyone takes "pride" in their homes. I have been here for 10 years. "
    4
    Flag
  • Debra S.
    "I was raised in this area and still live close by...for 61 years. This are is by far THE BEST in every single term and way. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5516 E Morrison Lane

  • What is 5516 E Morrison Lane estimated to be worth?
    Trulia's estimated value for 5516 E Morrison Lane in Paradise Valley, AZ is $7,429,800.
  • What is the price history for 5516 E Morrison Lane?
    5516 E Morrison Lane in Paradise Valley, AZ last sold for $7,300,000 in June 2024.
  • Is Paradise Valley a buyer's or seller's market?
    Paradise Valley is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Paradise Valley?
    The median sale price in Paradise Valley is $3.77M. That is up $346K from the prior month.
  • Does 5516 E Morrison Lane have air conditioning?
    Yes, 5516 E Morrison Lane in Paradise Valley, AZ has air conditioning.
  • Does 5516 E Morrison Lane have a pool?
    Yes, 5516 E Morrison Lane in Paradise Valley, AZ has a pool.

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