PARADISE VALLEY, AZ (3TV/CBS 5)-- A beautiful luxury home in Paradise Valley has just been sold for a record number.

Real estate group Launch Real Estate announced Monday that a 15,000 square foot luxury home was sold for $12.6 million in Paradise Valley. Launch Real Estate says the purchase was the second largest home sale in the Valley this year. 

The home is located on the corner of Jackrabbit and Wilkinson Roads

Built in 2009, the Mediterranean-style home has seven bedrooms, 12 bathrooms and a 3,000-bottle wine cellar. Other features include a library, a  media room, an exercise room and a nine-car garage.

The estate also has a resort-style backyard with a saltwater pool and spa, a 150,000 gallon lazy river with a 30 foot waterslide, a splash pad, a volleyball court and an outdoor kitchen.

For more information on Launch Real Estate, visit