A rare opportunity to own nearly one acre within the prestigious, gated Cheney Estates of Paradise Valley. Perfectly positioned on a premium corner lot, this property offers exceptional privacy and limitless potential to reimagine and elevate the existing residence into a truly personalized luxury estate. The grounds include a main residence plus a detached guest house, providing incredible flexibility for hosting, multi-generational living, or a private work retreat. Inside, high ceilings and an open-concept great room is anchored by a wet bar and gas fireplace, flowing seamlessly into a spacious kitchen featuring a pantry, gas range, and dual islands with an inviting eat-in dining area. A separate formal dining room provides an additional venue for entertaining. With five ensuite bedrooms, an office, theater, and gym, the floor plan offers exceptional adaptability. The expansive backyard is an oasis, showcasing a custom pool and spa, generous lawn space, and mature palms and desert landscaping that frame the serene outdoor setting. Just minutes from Paradise Valley's world-class resorts, spas, golf, shopping, and dining, this property presents an unparalleled opportunity to customize and elevate a luxury home in one of Arizona's most sought-after communities.