Monterey Ridge by Cachet Homes is bringing incredibly luxurious condominium homes to the Scottsdale Airpark area
By Dena Roché
Real estate is hot again in North Scottsdale, as anyone who is trying to find a nice, affordable home in this coveted area already knows.
Cachet Homes is about to make the search easier with Monterey Ridge, a luxurious, gated condominium development in the desired North Scottsdale market. The community features 144 single-level condominiums from 1,091 to 1,870 square feet. Located in the heart of the Scottsdale Airpark, Monterey Ridge offers the ultimate North Scottsdale lifestyle.
With hundreds of award-winning restaurants, thousands of acres of desert preserve offering unmatched sports and recreation, countless holes of nationally-ranked golf, dozens of premier luxury shopping destinations, a number of the world’s most-renowned healthcare facilities, instant access to the 101 and 51 freeways and the Scottsdale Airport, Monterey Ridge delivers what luxury buyers have been waiting for: convenient and stylish living with a prestigious address.
Much of the inspiration for Monterey Ridge has come from listening to luxury buyers in the marketplace. “When we acquired Monterey Ridge, we asked buyers what was most important to them when buying a luxury condo,” explained Matt Cody, founder and president of Cachet Homes.
As Cody and his team developed the latest phases of the project that are now for sale, they took that valuable buyer insight and created spaces that were not only beautiful and luxurious, but also truly livable. “For example, luxury condo dwellers want single-level living. They want spacious and practically designed floor plans with areas for entertaining, guest quarters for visitors and that ‘wow’ factor the moment they walk in the front door. They want premium finishes and stylish design touches that are both trendsetting and timeless. Above all, they wanted living spaces that fit their dynamic lifestyle and that’s what we are continually striving to deliver at Monterey Ridge,” Cody said.
A number of residences at Monterey Ridge offer soaring sunset and desert vista views. Each home is outfitted with a spacious terrace, perfect for savoring morning coffee, or enjoying quiet conversation over an evening glass of wine. With only nine homes per building, privacy and tranquility are built into each condo. “Quiet construction is one of our real strengths,” Cody said. “All of the homes have four walls, meaning that if two units connect each home has a wall and there is an air gap between those two walls. We also add lightweight concrete to the floors and a third party sound technician checks the homes before we finish construction.”
Besides creating a home that can truly be a private sanctuary, Monterey Ridge offers unparalleled amenities. Unlike many condominiums where you can upgrade amenities, many of the luxuries people want in a $300K home are standard, including slab granite counters, maple cabinets, upgraded flooring, 9.5-foot ceilings and gas ranges.
“Cachet has always focused on the luxury of homes so we don’t play games,” said Cody. “Often people have to spend 10 percent to 15 percent more than the base price to get what they really want in their home. Not with Cachet.”
The interiors of Monterey Ridge were styled by an award-winning architect with a flair for modern luxury and livability. All of the homes come with a two-car garage that is connected to the building and accessed via elevator.
While there are many apartment complexes in the North Scottsdale area, it is rare to find a new condominium community. And with mortgage rates low, most buyers find that the monthly mortgage is less expensive than renting in the area.
“It’s pretty rare to find a residential ownership opportunity in this setting,” Cody stated.
Kierland Commons does offer lofts, but the re-sales in the complex start at $600K. Monterey Ridge offers new condos starting at half that price, with the most expensive floor plan priced at $425K. Additionally, the HOA fees at Monterey Ridge are $275 per month, about half of what you’d normally pay for HOA dues in the area, according to Cody.
Monterey Ridge is located near the Scottsdale Airpark, the second biggest employer base in the state, and within walking, biking or driving distance of upscale shopping at Kierland Commons and the Scottsdale Quarter, hundreds of restaurants, movie theaters, Lifetime Fitness and popular events like the TPC and car auctions.
“It’s got the characteristics of an urban lifestyle, but the pace of the North Scottsdale area has that incredible resort feel, even for year-round residents,” said Cody.
Monterey Ridge is attracting young professionals, executives and empty nesters who are all attracted to the opportunity to live an easy luxury lifestyle that is in the heart of Scottsdale.
A brand synonymous with quality and luxury, Cachet Homes is one of the most trusted builders in the Southwest. When the company acquired the property, they saw a unique opportunity to expand upon an existing development – with their signature Cachet touch. Over the last few months, Cachet has completely configured the design and layout of each floor plan to introduce stylish new living spaces that are a significant departure from the original split-level building design. Now nearly sold out of its latest phase, Cachet credits not only their decades of luxury homebuilding expertise, but also their unique connection to the community for their ability to build distinctive homes that have raised the standard for new construction in the marketplace.
It’s no secret that the real estate market in the Valley is hot again, and the luxury condo market is at the forefront of the buying surge. In the fourth quarter of 2014 Scottsdale condo sales were up over 12 percent from the same quarter in 2013.
“The demand for this kind of luxury living is strong. Savvy buyers are jumping at the opportunity to make an investment in the area because there are a finite number of brand new properties currently available at this price point, and once they’re gone, there won’t be new construction like this again for some time,” said Cody. “Ultimately, people are looking for a place to live that truly delivers a lifestyle, and what buyers in the North Scottsdale area want—whether they are young and hip professionals, busy Scottsdale Airpark professionals, active baby-boomers, or seasonal residents—is luxurious resort-style living near lots of things to do.”
Monterey Ridge is located at 17850 N. 68th Street in Phoenix, 85054. Homes are priced from the low $300s. For more information, visit (480) 356-0179 or www.cachethomes.net.