A five-acre private estate in Paradise Valley, Arizona, changed hands for $20.9 million last week, making it one of the most expensive residential sales in the state, according to the listing agent and the Multiple Listing
The sprawling property, comprising an 18,000-square-foot main house and a 10,000-square-foot guest house, was built in 2009 for
owner of the NBA team Phoenix Suns and the Spanish football team Real Club Deportivo Mallorca.
59, sold it for a then-record $19.25 million in November 2019 to a limited liability company.
The property was put back on the market for $25 million on Oct. 28, but it was marked “sold” for $20.9 million on the same day, which suggests that the deal was already brokered off market.
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The sale was the second highest in Arizona, and the highest in Paradise Valley, arguably the most affluent town in the state. The most expensive residential sale statewide was a 15,534-square-foot mansion in the Silverleaf community of Scottsdale, fetching $24.1 million in early October, according to listing agent
president and founder of Walt Danley Christie’s International Real Estate.
“I’ve helped sell some extraordinary homes throughout the Phoenix metropolitan area in my 40-plus-year career, but this particular residence is truly a work of art,” he said.
represented the buyer to purchase the home from Mr. Sarver last year.
The main house of the estate has five bedrooms, formal entertaining areas with beamed ceilings and fine finishes, an office, a salon and a private spa, a private exercise studio, a chef’s kitchen, and a bar. An additional two-bedroom guest house can either be a part of the main residence or locked off for privacy.
Outdoors, there is a swimming pool and a nine-car motor court, according to the listing.
This article originally appeared on Mansion Global.