WSJ: Arizona Mansion Aims for Record $35 Million Price
An elaborately outfitted Arizona mansion listing for $35 million could set a new record for the state if it fetches its asking price.
The 12-acre gated estate has a hair salon, a movie theater and an indoor basketball court, according to Walt Danley and Catherine Jacobson of Walt Danley Realty, who are listing the property with global marketing support by Christie’s International Real Estate. The property is located in Paradise Valley, an affluent community between Scottsdale and Phoenix.
If it sells for its asking price, it would set a record for the priciest home sale ever in Arizona, according to Jim Patterson of the Information Market, a Tempe-based real estate data and analytics company.
Surrounded by palm trees, the estate has views of Camelback Mountain. The five-bedroom main house measures more than 30,000 square feet, with a domed ceiling and twin stairways at the entrance. The master suite has the hair salon, a sitting room, an office, a kitchenette and multiple terraces as well as his-and-hers closets. The basketball court has an electronic scoreboard and a skybox. The movie theater is decorated with James Bond posters and boasts its own lobby.
The grounds include a swimming pool, his-and-hers pool houses and a three-bedroom guesthouse with its own infinity pool.
The seller is Robert Sussman, founder of New York City-based hedge-fund company Bentley Capital Management. Mr. Sussman, 68, said he spent about five years building the house, completing it in 2005. He said he is selling because he and his wife are planning to spend more time with family in California.
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