Hamilton E. McRae III and Betty H. McRae have listed for sale a four-bedroom, two-bath home at 5433 E. Orchid Lane in Paradise Valley for $895,000.

Walt Danley of Realty Executives is the listing agent. The 2,478-square-foot home in Paradise Valley North was built in 1973. It is located in the Mockingbird Lane Estates subdivision.

Mr. McRae is a real estate developer and the chairman of the board of The Republic Cos. in Phoenix. He is an attorney by training.

The McRaes also own homes at 8538 N. 50th Place in Paradise Valley and at 8101 N. 47th St. in Paradise Valley.

According to BlockShopper.com, there have been 149 home sales in Paradise Valley during the past 12 months, with a median sales price of $1.192 million.

Address: 5433 East Orchid Lane
Buyer(s): Cynthia G Burkhardt
Seller(s): Betty H McRae and Hamilton E McRae III
Sale date: Jan. 25, 2011