As Prescott’s leading brokerage, we are thrilled with the opportunity to showcase one of Prescott’s most extraordinary homes. Realty Executives Northern Arizona was selected to market for sale one of the world’s most unique residential properties called Falcon Nest. The home has held four residential architecture world records, including the tallest single family residence on earth at 124 feet, and one for its unconventional heating and cooling systems that utilize passive solar for winter heat and micro climate and convective cooling in the summer.
Built on the slope of Thumb Butte, Prescott’s most famous landmark, the 6,200-square-foot house was designed by its owner, Phoenix architect Sukumar Pal, who specializes in energy efficient homes. It is called Falcon Nest because of a real falcon’s nest visible from the property. The nine-story (tower top is 10th) residence, was built in 1994, and has been featured on HGTV’s Extreme Homes. It is priced at $2.8 million and the buyer will likely be as exceptional as the home itself and will appreciate the one-of-a-kind nature of this home.
The rise of the luxury home market can easily be seen nationwide. The National Association of Realtors reports that Americans are looking for bigger and better homes now. In 2009, the median size of a newly built home was 2,159 square feet. Today, it is 2,384. More than 40 percent of new homes on the market have at least four bedrooms, and many top sellers come with the biggest kitchens and master suites.
Using the criteria that a luxury home is defined as a residential property with a closing price of $1,000,000 or more, the Prescott area luxury market has followed the national market trends. From the high point in 2007, when 29 homes sold within that price range, we went to a low in 2011 of only two homes sold. In 2012, the number went up to five homes and in 2013, the number was four. To date in 2015, the Prescott area has already either closed or opened 15 transactions fitting the luxury home definition above. This is a trend that should have us ending the year 2015 with approximately 23 to 30 luxury homes sold!
But back to the Falcon Nest home; it is such a novel property and there has been tremendous interest in it, not just nationally, but internationally as well. If you are interested in this property or any of our other luxury home listings, please feel free to contact one of our offices today. QCBN
About Realty Executives Northern Arizona
Located in Prescott, Sedona, Cottonwood and Payson, Realty Executives Northern Arizona holds the number one ranking in market share for the greater Prescott area and is one of the most productive real estate brokerage in Northern Arizona. The 132 professional agents produce four times the number of transaction than the average real estate agent, according to local real estate association data. The brokerage is owned and managed by real estate industry veteran Don Bonnell. www.RealtyExecutivesAz.com
By Don Bonnell
Leave a Reply