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Townhouse-Style Apartments Sell For $22 Million in East Phoenix's Camelback Neighborhood

California Investor Pays 85% Above Area's Market Price Per Unit for Newly Built Property
Construction of Ara Residences was completed last year. (CoStar)
Construction of Ara Residences was completed last year. (CoStar)
CoStar News
March 10, 2021 | 11:54 P.M.

A Manhattan Beach, California-based investor paid almost double the market average price per unit for a total of more than $22 million to buy the Ara Residences in Phoenix's Camelback neighborhood.

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