According to market researchers, Scottsdale has a surprising number of luxury homes for sale offering attractive price reductions, however, there is also a flourishing short sale and bank owned segment of this market which is well worth looking into.  Following are ten such properties for Buyers to peruse and consider.

1.  11271 E Cinder Cone Trail, Scottsdale
$2,104,000

Presented by Russ Lyon Sotheby’s International

Lender Owned opportunity in gated Sonoran Reserve at Troon North. Timeless contemporary architecture on a large lot with sunset views. Design details include travertine flooring, hand troweled wall textures, granite slab counters, custom european cabinetry, architecturally integrated use of glass and steel components and custom contemporary lighting. No steps within home; elevator from garage. Multiple indoor/outdoor living areas with a motorized, pocketing door from Great Room to patio, pool & sunset views. Working chef’s kitchen with multiple sinks, Asko dishwashers, SubZero refrigerators and freezer and Wolf ovens and gas range. Detached guest house with living room, bedroom and spa-like bathroom. Oversized 4-car garage with multiple storage rooms and exercise studio

2.  27226 N 96TH Way, Scottsdale
$2,800,000

Presented by Russ Lyon Sotheby’s International

REDUCED $300,000! Inspired by the finest of Old World European design and offering unsurpassed city lights, golf course and mountain views, this exquisitely crafted home is located on the 5th hole of the Estancia Golf Course. Boasting fabulous interior and exterior stonework with gorgeous old world rustic walnut floors and custom distressed black walnut cabinetry contrasted with hand venetian-plastered walls. This home is exceptionally warm and elegant. South facing resort-like backyard featuring a negative edge pool and swim up bar is an entertainer’s paradise. A must see property located on one of the finest lots in Estancia.

3.  26094 N 88th Way, Scottsdale
$698,560

Presented by RE/MAX Excalibur

Great 3 bedroom plus a Den floor plan. Great Kid set-up, 2 bedrooms split from Master Bedroom. Master has his and her closets. Home features Travertine Floors, Granite Counters, Alder Cabs and Stainless Steel Appliances. There are Fabulous McDowell Mountain Views out the Front. Bring your creativity to design your pool/Spa & Fireplace or Firepit area for the Large View Lot. The Lot is just over 1 Acre. Retractable door into the wall in family room expands the room for a Wonderful Entertaining area. Plenty of room in the backyard for a Play area for kids or a Putting/Chipping Green. The interior also features 2 Cantera fireplaces in LR & FR. This home has never been lived. Gated Community. Bank Owned. Show and Sell. Bank will look at all offers! List Price Just reduced!

4.  4949 E Lincoln Drive Unit: 19, Paradise Valley
$1,749,000

Presented by The Marsh Partners

Reduced $100,000! Lender Owned Property but shows like a model home! Join this rare home ownership and lifestyle opportunity at the Montelucia Residences. Located in the heart of PV and adjacent to the Intercontinental Montelucia Resort and Spa. Not a detail missed in the 3 bed/3.5 bath villa. Hand crafted front door, vaulted wood ceilings, two private patios and a spacious upstairs Master Bedroom Quarters. Top of the line finishes throughout in this comfortable yet luxurious home. Enjoy all the amenities that being a homeowner in Montelucia has to offer!! Beautiful grounds and fantastic views of Camelback Mountain. Take the Virtual Tour

5.  5111 E BUTLER Drive, Paradise Valley
$2,495,000

Presented by Russ Lyon Sotheby’s International

REDUCED BY OVER $1,000,000! Privately gated Estate, 1.34 acre lot close to PVCC. Exquisite mountain views. Dramatic entry, Great Room plan, granite slab in kitchen & wet bar, high ceilings, mountain views, lots of outdoor patios, perfect for entertaining. Handmade furniture grade custom cabinetry, exotic stone with granite & marble design inlays, carved canterra features, Venetian plastering accents, Media Rm, walk in Wine Cellar. Large open plan Kitchen w/Woolf appliances, granite counters & backsplash, resort backyard with built in BBQ, negative edge heated Pool, & Spa, outdoor f/p, deep covered patio, full outdoor kitchen. Lavish lge Master Bedroom w/sep. his & hers walk-ins. Exercise/Game Rm. 7 car garage, extra storage rooms. Separate detached guesthouse w/own garage. LENDER OWNED

6.  6611 E PARADISE Drive, Scottsdale
$1,650,000

Presented by Russ Lyon Sotheby’s International

WOW! This is it! A Beautiful Tuscan Mediterranean Estate Available for nearly a Million Dollars less then new in 07! Travertine, Granite, Marble, Custom Woodwork throughout, Wet Bar, Huge Kitchen Island, Dacor, Sub-Zero! YES! It has everything! Guest House, Outdoor Dacor Kitchen Too! Misters, Foggers, Irrigation. Front Courtyard, Paver Drive, 4 Car Garage, RV Gate. OH YES! Located on 1.16 Acres only a few miles from PV Mall and in the GOLDEN ZIP CODE 85254!

7.  10955 E NUGGET Drive, Scottsdale
$949,900

Presented by Coldwell Banker Residential Brokerage – Scottsdale

REO-BANK OWNED PROPERTY-BEING SOLD AS-IS, WHERE IS; This spectacular desert mountain home has it all. It’s an entertainers dream home with a 1200 sq ft game room, putting green, large pool with large boulder water feature, professional bar, also has a unbelievable media room to seat 15-20 people, all you need is the equipment. Venetian Plaster walls, Alder cabinets, Fiber optic system, misting system, and so on, and so on. Seeing is believing.

8.  12660 E MOUNTAIN VIEW Road, Scottsdale
$659,900

Presented by REALTY EXECUTIVES North Scottsdale

Private 1.25 acre lot (approx) with Mountain Views. Split floor plan with plenty of entertainment spaces and multiple fireplaces. Master bedroom has a jetted tub and separate sitting room/exercise room. Exterior has covered patio, built-in BBQ grill, pool, fireplace, sport court, putting green and in-ground trampoline. Property has mature landscaping and fruit trees. Don’t miss this bank owned home – it only needs a little cosmetic TLC. Sold ”As Is” Buyer to verify all items of material importance.

9.  10985 E KAREN Drive, Scottsdale
$735,500

Presented by Russ Lyon Sotheby’s International

Welcome to the beautiful guard gated neighborhood of Cimarron Hills! Enjoy the fantastic city and mountain views while relaxing in your private pool. Upgraded finishes and amenities. Travertine flooring, granite counters, large bay window, 4 car garage. Enjoy all the great amenities McDowell Mountain has to offer!

10.  9889 E HONEY MESQUITE Drive, Scottsdale

Presented by Coldwell Banker Residential Brokerage – Scottsdale/Carefree

Corporate Owned. An Exceptionally beautiful Old World Mediterranean home designed with charm and elegance, curved archways, grand stairway, 18th Century Monastery Windows, Antique Vanities, your choice of 2 master suites-one downstairs, one upstairs; 2 ancillary bedrooms, 1 guest casita, gourmet kitchen with a warm hearth, elegant dining room brings the natural environment inside with wall to ceiling glass windows. Views of city lights and boulder silhouettes. This home overlooks 9th fairway of Chiricahua Golf Course. Sold as is, no repairs, no warranties expressed or implied. No spds, no clue reports, seller never occupied property, seller chooses title co. Buyer to verify all material facts & inspections at buyer’s sole costs. Seller addendum to follow accepted contract. Lsr/pof w/offers.