Home/Paradise Valley homes for sale/Mountain Shadows
Paradise Valley, Arizona · ZIP 85253
Mountain Shadows homes for sale
Homes and resort residences around Mountain Shadows, below Camelback Mountain.
The short answer
As of October 31, 2026, there are 7 homes listed for sale in the Mountain Shadows area, with a median list price of $1,750,000. Over the past 12 months, 13 homes sold at a median price of $2,500,000, or $1,124 per square foot, after a median of 52 days on market. Homes closed at a median of 97.84% of their final list price. With about 6.5 months of supply, the market is leaning toward buyers.
Source: ARMLS via Flexmls, calculated by Arizona Luxury Partners, as defined in the FAQ below. Part of our Paradise Valley homes for sale guide.
The market, by the numbers
Closed residential sales, October 31, 2025 to October 31, 2026.
Months of supply is today's 7 listings divided by the 12 month average of about 1.1 sales per month. 3 of the 13 sales closed at $3 million or more. Seller concessions are seller paid buyer costs, such as closing costs or a rate buydown, as reported on the closed MLS record. Listing success rate is the share of listings that left the market over the past 12 months that closed rather than being cancelled or expiring: 13 closed and 9 cancelled or expired. A listing that was cancelled and relisted counts as cancelled. With fewer than 20 sales in 12 months, medians can move a lot from one sale to the next.
Mountain Shadows median sale price, 10 years
Yearly median sale price of closed residential sales, 2016 to 2026.
The median sale price for homes in the Mountain Shadows area went from $2,650,000 in 2016 to $2,500,000 in 2025, down 6%. The highest yearly median was $3,374,500 in 2023. So far this year, through October 30, 2026, the median is $2,700,000. A median is the middle sale of the year, so it moves with both prices and the mix of homes that sold. Ask us how values have changed for homes like yours.
See the yearly numbers
| Year | Median sale price | Homes sold |
|---|---|---|
| 2026 (through October 30, 2026) | $2,700,000 | 8 |
| 2025 | $2,500,000 | 17 |
| 2024 | $2,840,000 | 15 |
| 2023 | $3,374,500 | 10 |
| 2022 | $2,822,000 | 21 |
| 2021 | $2,650,000 | 35 |
| 2020 | $1,987,500 | 32 |
| 2019 | $1,789,561 | 25 |
| 2018 | $1,568,003 | 28 |
| 2017 | $2,050,000 | 9 |
| 2016 | $2,650,000 | 9 |
Source: ARMLS via Flexmls. Closed residential sales by calendar year for the Mountain Shadows area as defined on this page, calculated by Arizona Luxury Partners.
Search the Mountain Shadows area for sale
Updated continuously from the MLS. Filter, save, and tour any home.
What the numbers mean right now
Our read on the market, for buyers and for sellers.
Over the past 12 months, 13 homes sold, and 23% of them closed at $3 million or more. Today 7 are listed for sale, and 0 of those have already had a price change. The typical sale closed about 4% below its original list price.
If you are buying
- Resort residences and single-family homes trade very differently. Compare against sales of the same type.
- For resort residences, ask for the association and resort fees, rental rules, and what services are included.
- With only a handful of sales a year, look at sales over a longer period before deciding on value.
If you are selling
- Price against sales of the same home type, resort residence or single-family, within the area.
- Show buyers the resort access, views of Camelback Mountain, and any updates.
- We can show you the exact sales we would use to price your home.
About Mountain Shadows
The resort, the residences, and the golf course.
Mountain Shadows is a resort area on Lincoln Drive in Paradise Valley, below Camelback Mountain and near Mummy Mountain. The resort was first built in 1959 and was rebuilt, reopening in April 2017, according to Hospitality Net.
In March 2018, Hospitality Net reported that 41 fully furnished resort condominiums had been completed, priced at the time from $840,000 to $4.1 million. The Mountain Shadows name in the MLS also covers the surrounding neighborhoods, so homes on this page range from resort residences to single-family homes.
The resort's Short Course is an 18 hole, par 3 course redesigned by Forrest Richardson. Hospitality Net also lists the Citizens Club wellness center, with two 75 foot pools, and the Hearth '61 restaurant.
- Location
- Paradise Valley, Arizona, ZIP code 85253
- Resort
- First built in 1959, rebuilt and reopened in April 2017 (Hospitality Net)
- Resort condominiums
- 41, completed in 2018 (Hospitality Net)
- Golf
- The Short Course, 18 holes, par 3, redesigned by Forrest Richardson (Hospitality Net)
- Median home size sold
- 2,502 square feet over the past 12 months
- Sale prices, past 12 months
- $1,130,000 to $4,925,000
- List prices today
- $1,150,000 to $5,495,000
- Listings with a price change
- 0 of 7 active listings
Related pages
Explore more of Paradise Valley and nearby.
Questions, answered
How much do homes cost in the Mountain Shadows area?
The median sale price was $2,500,000 for the 13 homes in the Mountain Shadows area that sold from October 31, 2025 to October 31, 2026, or $1,124 per square foot, with sale prices from $1,130,000 to $4,925,000. Homes listed for sale on October 31, 2026 had a median list price of $1,750,000.
How many homes are for sale in the Mountain Shadows area right now?
As of October 31, 2026, 7 homes were listed for sale in the Mountain Shadows area in the MLS, and 2 of them were priced at $3 million or more. The search on this page updates continuously, so it always shows the current count.
How fast do homes sell in the Mountain Shadows area?
Homes that sold over the past 12 months spent a median of 52 days on the market and closed at a median of 97.84% of their final list price, or 95.97% of their original list price.
Is the Mountain Shadows area a buyer's market or a seller's market?
With 7 listings today and about 1.1 sales a month over the past year, the Mountain Shadows area has about 6.5 months of supply, which is leaning toward buyers. Price points and home types move at different speeds, so ask us for the numbers on the homes you are considering.
How common are seller concessions in the Mountain Shadows area?
1 of the 13 closed sales, or 8%, reported a seller concession on the MLS record, such as seller paid closing costs or a rate buydown. That is too few sales to report a meaningful median concession.
How many listings actually sell in the Mountain Shadows area?
Of the 22 listings that left the market over the past 12 months, 13 closed and 9 were cancelled or expired, a listing success rate of 59%. A listing that was cancelled and then relisted counts as cancelled.
What is Mountain Shadows?
Mountain Shadows is a resort area on Lincoln Drive in Paradise Valley, below Camelback Mountain. The resort was first built in 1959 and reopened in April 2017 after a rebuild, and 41 resort condominiums were completed in 2018, according to Hospitality Net. The resort's Short Course is an 18 hole, par 3 course.
How have prices for the Mountain Shadows area changed over the past 10 years?
The median sale price for homes in the Mountain Shadows area was $2,650,000 in 2016 and $2,500,000 in 2025, down 6%. The highest yearly median in that span was $3,374,500 in 2023. So far this year, through October 30, 2026, the median is $2,700,000.
How does this page define the Mountain Shadows area?
Our search and statistics include residential listings with a Paradise Valley address whose MLS subdivision name includes Mountain Shadows, which covers the resort condominiums and the surrounding Mountain Shadows neighborhoods. Paradise Valley here is the city on the MLS record, which follows the mailing address and can include homes outside the town limits. Figures were calculated by Arizona Luxury Partners from ARMLS data on October 31, 2026.
Thinking about Mountain Shadows?
Your vision, your home, our expertise.
Tell us what you are looking for and we will send new Mountain Shadows listings that fit, along with the sales data behind each one. Our office is on Pima Road in north Scottsdale. White-glove service at every price point.
Your advisors
602.814.7266
kyle@azluxurypartners.com
License BR665419000
Meet Kyle
480.510.7689
art@azluxurypartners.com
License BR014102000
Meet Art
Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties
Sources
- ARMLS via Flexmls. Residential closed sales October 31, 2025 to October 31, 2026, and active listings on October 31, 2026, for the Mountain Shadows area as defined in the FAQ. Medians, months of supply, and the listing success rate calculated by Arizona Luxury Partners.
- ARMLS via Flexmls. Residential closed sales for each calendar year from 2016 through October 30, 2026 for the same definition, used for the price chart.
- Resort history, condominiums, golf course, and amenities: Hospitality Net, Mountain Shadows completes resort condominiums and suites (March 9, 2018), accessed October 31, 2026.
All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is provided by the Arizona Regional Multiple Listing Service and may not reflect all real estate activity in the market. ZIP code areas do not follow city limits or school boundaries, so confirm the city, HOA, and assigned schools for a specific address. This page is for general information only and is not financial, lending, legal, or tax advice. Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties, 21020 N. Pima Road, Scottsdale, AZ 85255. Office 480.766.1515. Brokerage License LC629808000. Equal Housing Opportunity.
