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Phoenix / Scottsdale Real Estate Blog

New Developments in Scottsdale AZ

Did you know that Scottsdale/Phoenix is one of the most outdoor active suburbs in all of the United States? Did you know that Scottsdale still has room for growth? Well, I bet you did know that Scottsdale is a high-end, luxurious town. Whether you are looking to move from one side of the Valley to the other, relocating from out of state, or even looking for investment opportunities you can find it all in Scottsdale, plus more! We are going to discuss the 5 MAJOR developments taking place in Scottsdale today!

To start us off, The Scottsdale area is now home to Cavasson! Cavasson is located just north of Loop 101, in the heart of North Scottsdale. Cavasson is a commercial development that will sprawl across 134 ACRES. This beautiful development will feature Commercial opportunities, Hotels, Retail, Restaurants, and more! Recently Cavasson became the home of the Regional Headquarters for Nationwide insurance and the International Headquarters for Choice Hotels. Close proximity to the Scottsdale Airport makes Cavasson a highly desirable location for business professionals who may need to fly in for a day or even the week. Slated to open in October 2022, the beautiful Hilton North Scottsdale hotel will be an anchor in development for Cavasson.

Number two on our list of major developments going on in Scottsdale – Axon Enterprises. Located just South of Loop 101, Axon Enterprises is planning to consolidate FIVE of its locations into one massive National Headquarters. Spending $50,000,000 (yes MILLION) and acquiring 73 acres, Axon Enterprises plans to call Scottsdale home. For those that don’t know what Axon Enterprises specializes in – have you ever heard of tasers or body cams? Axon Enterprises develops these items and more for the military, law enforcement, and civilians. Their business is BOOMING and will be for years to come.

Despite Cavasson and Axon Enterprises taking up 207 acres along Loop 101, there are still 700 ACRES of land held in the Scottsdale Land Trust that has yet to be bought and developed! Hugging both sides of Loop 101, this land won’t last long as 250+ companies are trying to find land to call The Valley “home” for their headquarters. Okay, enough about the available land, let’s get back to the last three MAJOR developments happening in Scottsdale RIGHT NOW!

Major development three will take us further south towards the heart of Scottsdale, however, this development might make us feel more like we’re in VEGAS! Caesar’s Palace is building its first-ever non-gaming, boutique hotel in the heart of Old Town Scottsdale – Caesar’s Republic. Soaring 11 stories into the sky, this boutique hotel will feature 265 rooms and three restaurants, but not just any restaurants. Caesars Republic Scottsdale will feature not one, but TWO Giada De Laurentiis restaurants. Luna by Giada will offer a Romanian, Italian, and Californian-infused menu while offering a high-end experience, whereas, Pronto by Giada will feature Italian-style food and coffee in a casual café atmosphere! The third restaurant is unique on its own – located on the seventh floor – this pool and lounge will be named…any guesses…? SEVEN. With unobstructed views of the beautiful Camelback Mountain, SEVEN is sure to be a hot spot!

 

Enough with the party scene… major development number four on our list brings us to another Old Town property. The Senna House Scottsdale is part of the Curio Collection by Hilton and will feature a boutique-style hotel with 169 rooms and a 10,000 sq. ft pool deck. The Senna House will be your sweet escape from the hustle and bustle of Old Town Scottsdale. Whether it’s lounging at the Sonora Swim Club, venturing over to the shopping district, or grabbing a bite to eat at CALA, a modern Mediterranean restaurant, The Senna House will offer you a beautiful oasis in the middle of the desert. For those of you who know Scottsdale and Old Town history, this hotel will be on the site of the old Don and Charlies restaurant which was filled wall to wall with sports memorabilia! The Senna House is sure to be a big hit in the Old Town area!

 

Last, but certainly not least on our list of Scottsdale developments – The Palmeriae will feature a $2,000,000,000 (yes, BILLION) mega-development! The Palmeriae development, a 122-acre community will be the swankiest, most upscale, luxurious area in all of Scottsdale. Bordering one of the most highly sought-after zip codes in all of The Valley, the Palmeriae will sit in-between Paradise Valley and Scottsdale. Adjacent to the Ritz-Carlton residences and resort, the Palmeraie will feature shops such as Hermes, Chanel, and the first-ever North American Fendi Private Residential enclave. Inside the Fendi building, you will find super exclusive restaurants – how exclusive you may ask? Restaurants featured in the Fendi building will be truly one of a kind as you won’t find another location in the state. Not only will you find restaurants, but also high-end, private residences. And don’t bank on being able to find a residence inside the Fendi Building…. Despite this project still being developed, all Villas, Condos, and Single-Family homes in The Palmeriae have sold….

 

Whether you’re looking to visit or make a permanent move, there is still plenty of Scottsdale that needs to be claimed. In the meantime, we are happy to help answer your questions and make the transition to Scottsdale easier. If you have any questions about what’s going on in Scottsdale or Phoenix, reach out to us at info@kellycookhomes.com, or call us at 480-660-5974.

The REAL Cost of Living in Phoenix Arizona

Have you ever wondered what the total cost of living in Phoenix Arizona is and how that compares to other cities across the US? We are going to discuss the cost of living with everything from property taxes to housing, to a night out on the town, to utilities, and everything in between. Phoenix now is the 5th largest metropolitan area in the whole country, and it will continue to grow. We are going to break down several areas that contribute to the cost of living in Phoenix Arizona. The first is housing, which of course is going to be the biggest expense of living in any city. Normally, housing should be about 28%-30% of your total income. Depending on which city you live in, housing expenses will range. Now, let’s rate this on a scale. The national average is always at 100. Phoenix housing comes in at 103.5, which is above the average according to that national scale. What makes up the housing costs? Owning a house or even renting contribute to the overall score for the Phoenix metro area. A few years back, the Phoenix valley ranked in the mid 90s, but with the shifting market and constant growth of the area, our overall score will be ranked higher. Phoenix, Arizona is becoming a destination for retirees and second homeowners.

Utility cost is going to fluctuate dramatically based on how much you use. Gas has risen over the past 20 years for price and most people only use it just for the dryer or even fireplaces in the home. Air conditioning costs will rise drastically in the summertime because of the heat. One AC unit will cover about 2000 Sq. ft of the home, but if you have a two-story, you more than likely will have a couple of AC units. In terms of electricity, APS and SRP are the two main electrical companies, and they have different plans for on-peak and off-peak usage. A very common practice here in Arizona for electricity is not using any electrical components in the house from 3pm-8pm. Home maintenance also contributes to the cost of living in Phoenix Arizona. Most homes in Arizona have a pool and the costs for maintenance will run you anywhere between $80-$100 a month. Having a landscaper is common to have while living here, with most homes having a desert front. There are areas of town where homes do have grass front and depending on what you have in terms of landscaping, the cost will vary. Pest control is the other area of cost that’s important to know. Living in the desert brings a plethora of creepy crawlies and maintaining a constant rhythm to your pest control is important. Lastly, if you preferred to hire a cleaning service to clean your home professional, and let’s say you have a house around 4000 Sq.ft, you’re looking anywhere from 125-200 a month on average to come every two weeks.

Going straight from utilities and housing, property taxes are one of the reasons why you’d want to live in Arizona. Why? Because they are LOW! Arizona is one of the only states in the country with the lowest property taxes overall. For most people, that is a determining factor to where they want to live. On the topic of taxes, Arizona also has a decent sales tax, coming in at 8.3%. Across the board, that is average in the country. There are some items here that do not have a sales tax, such as groceries, medical supplies, etc. The fourth area of discussion for the cost of living in Phoenix Arizona is state income tax. Now there are some states across the country that have zero state income tax. Arizona comes in at a lower rate overall. Our state income tax is 4.5%, which is up to $159,000 for an individual, and $318,000 for a married couple. However, proposition 208 did pass on the ballot in 2020, which means that any income above $318,00 will be taxed 4.5% with an extra 3.5%. That brings the total to 8%. Recently, there has been a lawsuit filed against the state of Arizona stating that the passing of that is illegal. We are waiting to see if the passes officially or not.

Now, let’s go to car expenses, yes, everyone has car expenses. Since the valley is so big and spread out, having a car is a necessity to getting around. The average price per gallon in Phoenix is $2.86 cents, where the national average is $2.89. Now, here’s the kicker. Car registration and vehicle license tax comes in a bit higher in Arizona, which makes up for the lower property taxes. The good thing overall is that after you pay the initial registration of the vehicle, the vehicle license tax amount will go down because cars depreciate over the years. Another car factor you’ll notice in the state of Arizona is that you don’t see many do-it-yourself car washes, with it being more popular in other parts of the country. Pretty much everything is automation, and you’ll see a car wash every few minutes around the valley. With it being so dusty, having a monthly membership for the car wash is a big way you can save money.

To end this all, the overall cost of living in Phoenix Arizona is all around affordable compared to other states. Entertainment, health care, and other areas also contribute but we wanted to cover the more important area of costs. We have so any people contacting us who are either moving to the Scottsdale/Phoenix area and we are so happy to make the transition easier for them. If you have any additional questions about the cost of living in Phoenix Arizona, reach out to us at info@kellycookhomes.com