Luxury homeowners will pay a premium for hillside residences in Paradise Valley.

Case in point: A contemporary estate in the private enclave of Paradise Reserve overlooking the Phoenix Mountain Preserve recently set a record for resales, cashing in at $1,938 per square foot, and selling for $12.25 million.

Paradise Reserve is an exclusive, gated, and guarded luxury home community that features high-end custom residences built and developed by Cullum Homes.