5940 E Cheney Dr, Paradise Valley, AZ 85253
OFF MARKET

$6,859,000

Trulia Estimate
  • 4 Beds
  • 4.5 Baths
  • 4,905 sqft (on 1.10 acres)

5940 E Cheney Dr, Paradise Valley, AZ 85253

Est. Refi. Payment $38,044/mo*
Refinance Your Home
Currently Off Market - Sold Jul 7, 2017 for $1,500,000

Home Value

Trulia Estimate
$6.86M
Since last month
Increased$100K (+1.5%)
Since last year
Decreased$83K (-1.2%)
Since last sale
Increased$5M (+357.9%)
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 +404% in the last 10 years
MonthEstimated value
2026
August 2026$6.87M
August 2026$6.86M
July 2026$6.77M
June 2026$6.89M
May 2026$7.22M
April 2026$7.16M
March 2026$7.35M
February 2026$7.11M
January 2026$6.99M
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
5849 E HUMMINGBIRD Lane, Paradise Valley, AZ
0.14
Single-Family Home
$4,025,000
10/02/25
4
3
3,040
6235 E Catesby Rd, Paradise Valley, AZ
0.35
Single-Family Home
$4,200,000
08/06/26
4
4.5
3,928
6230 E CHENEY Drive, Paradise Valley, AZ
0.31
Single-Family Home
$5,600,000
08/21/26
4
4.5
6,495
6200 E HUMMINGBIRD Lane, Paradise Valley, AZ
0.34
Single-Family Home
$6,600,000
03/17/26
4
4.5
4,540
7007 N 59TH Place, Paradise Valley, AZ
0.49
Single-Family Home
$4,150,000
03/02/26
4
4
4,327
5678 E CHENEY Drive, Paradise Valley, AZ
0.41
Single-Family Home
$4,700,000
04/01/26
4
4.5
6,012
6737 N 60TH Street, Paradise Valley, AZ
0.57
Single-Family Home
$4,200,000
05/28/26
5
4.5
4,990
6349 E HUMMINGBIRD Lane, Paradise Valley, AZ
0.60
Single-Family Home
$2,620,000
03/10/26
3
3
3,154
6220 E Maverick Rd, Paradise Valley, AZ
0.81
Single-Family Home
$3,500,000
07/28/26
4
4.5
3,691
6511 E Hummingbird Ln, Paradise Valley, AZ
0.72
Single-Family Home
$3,600,000
06/22/26
5
4
4,001

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
5922 E Cheney Dr, Paradise Valley, AZ 85253
0.04
$8,279,000
4
4.5
5,581
Off Market
7424 N 61ST Street #95, Paradise Valley, AZ 85253
0.12
-
-
-
-
Off Market
7424 N 61ST Street, Paradise Valley, AZ 85253
0.12
$4,170,100
3
3
2,742
Off Market
5849 E HUMMINGBIRD Lane, Paradise Valley, AZ 85253
0.14
$4,050,600
4
3
3,040
Off Market
5939 E QUARTZ MOUNTAIN Road, Paradise Valley, AZ 85253
0.15
$10,750,000
4
5
6,616
For Sale
5824 E CHENEY Drive #WOW!!, Paradise Valley, AZ 85253
0.17
$3,468,700
5
4
4,419
Off Market
6112 E Quartz Mountain Road, Paradise Valley, AZ 85253
0.25
$5,259,800
6
9
9,372
Off Market
7473 N 58TH Place, Paradise Valley, AZ 85253
0.22
$5,950,000
4
4.5
6,176
For Sale
6230 E CHENEY Drive, Paradise Valley, AZ 85253
0.31
$5,600,000
4
4.5
6,495
Recently Sold
5744 E CHENEY Drive #17, Paradise Valley, AZ 85253
0.27
$550,000
-
-
-
Recently Sold
7720 N FOOTHILL Drive #56, Paradise Valley, AZ 85253
0.31
-
-
-
-
Off Market
6200 E Quartz Mountain Road, Paradise Valley, AZ 85253
0.31
$12,995,000
5
6
7,613
For Sale

Local Information

  • Map ViewExplore the area around 5940 E Cheney Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2020
1.1 acre lot
4,905 sqft
$1,398/sqft
Garage

About this House

Spectacular View Lot - No hillside restrictions - Best viewed at sunset. A rare opportunity to buy one of the last great view lots in the town of Paradise valley that would not require significant excavation to build a Spectacular custom estate on Mummy Mountain. Surrounded by multi-million dollar estate properties this property is priced $90,000 less than RPR's estimated market value and a fraction of other nearby lots and homes for sale that range in price fro, $2,749,000-$3,999,999. This property is Zoned R43 therefore has NO HILLSIDE RESTRICTIONS. Panoramic Mountain views by day and Fantastic City Lights by night. Property being sold AS-IS,owner agent will supply SPDS.
5940 E Cheney Dr, Paradise Valley, AZ 85253 is a 4 bedroom, 4 bathroom, 4,905 sqft single-family home built in 2020. It last sold for $1,500,000 on Jul 7, 2017. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $6,859,000.

Home Details for 5940 E Cheney Dr

Interior Features

Interior Details
BasementAdditional StorageNumber of Rooms: 8Types of Rooms: Walk In Closet, Dining Room, Family Room, Laundry Room, Master Bath, Office, Pantry, Recreation RoomStorageCeiling Fan
Heating & Cooling
Heating: Forced Air, Heat Pump, Electric, Gas, SolarAir ConditioningCooling System: Refrigerator, Central, SolarHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Concrete, Hardwood
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceHot Tub or Spa
Windows, Doors, Floors & Walls
Double Paned Windows
Security
Security System

Exterior Features

Exterior Home Features
Roof: MetalDeckExterior: Other, Cement Concrete, MetalGardenLawnPatioSprinkler System
Pool
Pool
Parking & Garage
GarageParking Spaces: 3Parking: Garage Attached, Off Street, On Street

Property Information

Year Built
Year Built: 2020
Property Type / Style
Property Type: Single Family HomeArchitecture: Modern

Community

Units in Building: 1

Lot Information

Lot Area: 1.10 acres

Building

Pool
Sauna

Price and Tax history

DateEventPrice
Jul 7, 2017
Source: N/A
Sold
$1,500,000
Apr 30, 2014
Source: N/A
Sold
$1,165,000
Apr 4, 2014
Source: Agent Provided
Pending
$1,285,000
Mar 20, 2014
Source: Agent Provided
PriceChange
$1,285,000
Price decreased by 4%
Feb 19, 2014
Source: Agent Provided
PriceChange
$1,345,000
Price decreased by 3%

Market trends in Paradise Valley

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$3.42M
$17.45KMoM
Sale-to-List Price
95.4%
0.2%MoM
Price per sq ft
$823
$7MoM
Available listings
135
43MoM

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 5940 E Cheney Dr

  • What is 5940 E Cheney Dr estimated to be worth?
    Trulia's estimated value for 5940 E Cheney Dr in Paradise Valley, AZ is $6,859,000.
  • What is the price history for 5940 E Cheney Dr?
    5940 E Cheney Dr in Paradise Valley, AZ last sold for $1,500,000 in July 2017.
  • Is Paradise Valley a buyer's or seller's market?
    Paradise Valley is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Paradise Valley?
    The median sale price in Paradise Valley is $3.42M. That is down $17.45K from the prior month.
  • Does 5940 E Cheney Dr have air conditioning?
    Yes, 5940 E Cheney Dr in Paradise Valley, AZ has air conditioning.
  • Does 5940 E Cheney Dr have a pool?
    Yes, 5940 E Cheney Dr in Paradise Valley, AZ has a pool.

Explore by feature - Pet Friendly

6 pet-friendly rentals in Paradise Valley, AZ

Explore by feature - Garage

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Explore by feature - Air Conditioning

37 rentals with air conditioning in Paradise Valley, AZ

Explore by feature - Pool

50 rentals with a pool in Paradise Valley, AZ

Explore by feature - Washer/dryer

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Explore by feature - Outdoor Space

11 rentals with an outdoor space in Paradise Valley, AZ

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