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2/11/26
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Eclipse Luxury Condominiums, a 20-unit multifamily property in Scottsdale, AZ, has a new owner after a recent $10.275 mil sales transaction. The property, located at 1401 N. Granite Reef Rd, achieved a price of $513.8k per unit, which, we’re told, is the highest recorded price in the Phoenix MSA for a multifamily property under 100 units over the past two years.
Completed as a uniquely designed rental and condominium community, Eclipse features exceptionally large two- and three-bedroom residences ranging from approximately 1.8k sf to over 2k sf. The property also includes a prepared homeowners association, positioning it for potential future individual unit sales.
Located in the Old Town Scottsdale submarket—one of the tightest multifamily markets in the region—the property has historically achieved high occupancy and lease rates. Eclipse benefits from proximity to Scottsdale’s dining, nightlife, resorts, and retail, as well as the nearby ASU SkySong Innovation Center and the rapidly evolving Scottsdale-McDowell Corridor.
The Kidder Mathews’ Abert-Zinn Multifamily Team of Senior Vice President Karl Abert and Vice President Bret Zinn represented the seller, Caliber Companies, Circle Lofts Holdco, LLC. The buyer was Aspen Grove Circle Lofts LLC, a Kansas City–based private real estate syndication led by Mike O’Hara and partners.
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