Following his sale of the Arizona Coyotes earlier this year, businessman Alex Meruelo has listed his expansive Paradise Valley estate for $28.9 million. Situated on over nine acres in one of Arizona’s most prestigious enclaves, this property represents the height of luxury and privacy, underscoring Meruelo’s signature flair for refinement and exclusivity.
Originally built in 1972, the hacienda-style residence has been meticulously restored and reimagined under Meruelo’s ownership. Designed by the acclaimed architect Cormac Byrne, the 14,800-square-foot main house is a blend of historic charm and modern sophistication. It features grand living spaces that open seamlessly to lush courtyards through expansive glass walls, embodying the essence of indoor-outdoor Arizona living.
The interiors have been redefined with attention to detail, from the two-story library that invites moments of quiet reflection to the gym enhanced with a sauna and wellness features. The sprawling layout offers eight bedrooms, ensuring comfort for family and guests alike. Key renovations by Meruelo focused on elevating the estate’s appeal, particularly in the guesthouses and recreation areas, to align with the standards of a truly luxurious retreat.
The estate’s grounds are a masterpiece in their own right, offering a rare combination of flat terrain and mature landscaping—a prized characteristic in Paradise Valley. The property includes three guesthouses, a one-bedroom apartment, and recreational amenities such as tennis and racquetball courts, all set amidst manicured gardens and shaded walkways.
Large patios, scenic sitting areas, and serene pathways create an ambiance of tranquility and escape. The centerpiece of outdoor living is the saltwater pool and spa, a private haven that complements the estate’s grandeur.
Meruelo’s decision to list the property coincides with his plans to relocate to the West Coast, where his major business interests, including the Grand Sierra Resort in Reno, Nevada, and the Sahara Las Vegas, are based. This strategic shift aligns with the businessman’s focus on expanding his ventures in hospitality and entertainment.
The estate’s $28.9 million listing price—more than double the $12.1 million Meruelo paid in 2021—reflects not only the extensive upgrades made to the property but also the extraordinary appreciation in the Paradise Valley real estate market. Luxury properties in the area have seen record-breaking growth, with high-net-worth individuals increasingly drawn to its blend of exclusivity, natural beauty, and proximity to urban amenities.
According to real estate experts, the sale of such an expansive property underscores the demand for homes that provide privacy, scale, and luxury. “It’s one of the most unique offerings in the Paradise Valley market,” said Walt Danley, the listing agent representing the property.
Meruelo’s Paradise Valley estate is more than a home—it is a lifestyle. With its blend of historic architecture, modern upgrades, and unmatched outdoor amenities, the property stands as a crown jewel in Arizona’s luxury market. Whether for hosting grand gatherings or enjoying peaceful solitude, this estate offers an unparalleled living experience, making it a rare find in one of the Southwest’s most desirable communities.
