Portion of Mountain Shadows sells for $5.5M in Paradise Valley

By Philip Haldiman, Editor-in-Chief | Dealmaker

A portion of the historic Mountain Shadows resort in Paradise Valley has been sold, according to the Maricopa County Recorder’s office.

Although few details are available, records indicate that California-based Crown Realty & Development has closed the sale of at least one parcel on the property at N. 56^th Street and E. Lincoln Drive to an unknown entity for $5.5 million.

The landmark 68-acre Mountain Shadows resort is being redeveloped to include at least a 100-room boutique resort hotel and retain the 18-hold golf course.

For more information see today’s installment of $5M+ Deals.

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February 23, 2015

Crown Realty, golf, Lincoln Drive, Mountain Shadows, Paradise Valley

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Portion of Mountain Shadows sells for $5.5M in Paradise Valley

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