Arizona’s luxury real estate market is a showcase of sprawling estates, cool sleek houses and unparalleled amenities, all set against the state’s stunning desert landscapes. With a $5 million budget, you’ll find homes offering expansive square footage, cutting-edge design, and features like gourmet kitchens, private guest casitas, resort-style pools, and views that stretch for miles. From mountainside retreats with panoramic vistas in Firerock to contemporary estates in Paradise Valley, these properties blend modern luxury with functionality. Think home theaters, wine rooms, elevators, and chef-inspired outdoor kitchens—all designed to elevate your living experience. Explore what $5 million can buy in Arizona, where every home is crafted for sophistication, comfort, and style.
10. Phoenix, AZ – $5,400,000
This property in Phoenix is priced at $5,400,000. This property is a newly constructed single-family home built in 2024, featuring six bedrooms and six bathrooms, spanning 7,200 square feet. It includes a whole-house programmable RTI smart system with Lutron and Sonos integration, multiple iPads/remotes, and advanced automation. The kitchen is equipped with a 60-inch custom stainless steel Wolf hood, a Sub-Zero refrigerator/freezer, and an 18-foot granite island with a waterfall design. The property features Italian 48×48 tile flooring, a 21-foot tiled fireplace, a floating staircase, and a wine cellar. Outdoor amenities include a resort-style yard with a pool, sunken fireplace, gazebo, BBQ area, 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 get in Tucson for $4,900,000. This property is a 14,462-square-foot single-family home built in 1960, featuring 14 bedrooms and 17 bathrooms. It includes a remodeled main ranch house surrounded by an acre of lawn, mature mesquite trees, and 60-foot pines. Outdoor features include a ramada with a dance floor illuminated by chandeliers and string lighting. The property also has seven newly constructed Southwestern-style buildings. It is designed for versatile use, accommodating events, 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 home, built in 1994, includes four bedrooms and five bathrooms, with all bedrooms featuring en-suite bathrooms. The property has a Santa Fe-inspired design, Venetian plaster finishes, wood beam ceilings, and a center island kitchen with Wolf and Sub-Zero appliances. Additional spaces include a media room with an entertainment bar, a fitness room, and an upper-level two-room casita with a view deck. The home also features a four-car garage, outdoor BBQ, and spa. It is located within Desert Highlands, offering amenities such as a Jack Nicklaus signature golf course, tennis and pickleball courts, bocce ball courts, a fitness center, dining options, walking paths, and gated security.
Listing Agent: Mike Domer @ Compass Via Coldwell Banker Realty
7. Glendale, AZ – $4,995,000
Here’s an example of a $4,995,000 home in Glendale. This 6,500-square-foot single-family home features six bedrooms, 5.5 bathrooms, and is situated on a 2-acre mostly flat mountainside lot. The property includes a full-size sport court for pickleball, tennis, or basketball, an infinity-edge pool, a firepit, and a fully equipped outdoor kitchen. Indoor features include a gourmet kitchen with high-end appliances, soaring beamed ceilings, a home theater, and spacious living areas. A detached casita provides additional privacy and accommodations for guests or multi-generational living. The property offers panoramic views of the city and surrounding 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, built in 2024, features six bedrooms and nine bathrooms, with all bedrooms offering en-suite bathrooms and soaking tubs. The property includes a detached casita, a theater room, a game room, multiple flex spaces, and an exercise room. The kitchen features 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 features include a heated pool with a rainfall feature, suspended lounge beds, and a built-in BBQ, as well as a six-car garage. Built with ICF blocks for energy efficiency, the home also includes Control4 smart home integration and an elevator.
Listing Agent: Jennifer Felker @ Compass Via Coldwell Banker Realty
5. Peoria, AZ – $4,897,000
In Peoria, this is an example of what you can buy for $4,897,000. This 6,843-square-foot single-family home, built in 2018, features four bedrooms and five bathrooms, each bedroom with an en-suite bathroom. The home has an open floor plan with high ceilings and large glass windows and doors that enhance natural light. The kitchen includes top-of-the-line appliances, quartz countertops, and a spacious island. Outdoor features include a 966-square-foot pool, a hot tub, an outdoor kitchen with a built-in grill, and covered patios. The property also includes a large casita for guests or use as 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 get in Lake Havasu City. This 4,956-square-foot single-family home, built in 2018, includes four bedrooms, six bathrooms, an office, a game room, and an interior courtyard. The great room features 16-foot ceilings, a fireplace, and pocket sliding doors for indoor/outdoor living. The kitchen has two granite islands, a Viking range, a double oven, and a built-in refrigerator. Outdoor amenities include two covered patios, a pool, a 10×10 spa, two fire pits, and an outdoor kitchen. The property has an attached four-car garage and a detached 80-foot-deep double RV garage with a deck and lake views.
Listing Agent: Randy M Shuffler @ Realtyonegroup Mountain Desert Via Coldwell Banker Realty
3. Cave Creek, AZ – $5,295,400
This spacious home in Cave Creek is all yours for $5,295,400. This 4,503-square-foot single-family home, built in 2024, is situated within a gated community on Black Mountain at an elevation of over 2,500 feet. The main level spans 3,200 square feet and includes a great room with a covered veranda, a temperature-controlled glass-enclosed wine room, and a luxurious owner’s suite. A lower-level guest home features a separate entrance, a kitchen, a living room, a junior suite, and a private patio. The property also includes an elevator lift and provides 270-degree views of the surrounding area. Designed by Mosaic Luxury Homes, the home 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 Foley, $5,250,000 will get you this Paradise Valley. This 4,927-square-foot single-family home, built in 2023, features four bedrooms and five bathrooms. The home includes a gourmet kitchen with Gaggenau appliances, a large island, gas cooking, and ample storage. The primary suite features stacking doors to the backyard, a large bathroom with quartz countertops, a separate tub and shower, and a spacious closet. Additional amenities include a media room, a bar, and a separate guest house. The outdoor area offers a heated pool, spa, fire feature, and a three-car garage, all located 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
I’d say you get the most modest home for $5,450,000 in Fountain Hills. This 6,068-square-foot single-family home, set for completion in late 2025 or early 2026, features four bedrooms and six bathrooms. The main level includes a theater room, a study, and an open kitchen with an L-shaped slider for indoor/outdoor living. The property includes a large bonus room on the garage level, accessible by an elevator. Outdoor amenities include a luxury pool, raised spa, built-in BBQ, planter boxes, and a raised grass/garden area. Located in the Firerock hillside community, the home offers views of the McDowell Mountains and Four Peaks.
Listing Agent: Casey J. Jann @ My Home Group Real Estate Via Coldwell Banker Realty
