Arizona’s Priciest Home Sales in 2016
Throughout the Metropolitan Phoenix area, see which of the valley's priciest homes sold this past year.
Billionaire oilman and Portland hockey team owner William Gallacher paid $11.11 million in cash for a mansion in one of north Scottsdale’s most luxurious neighborhood Silverleaf. This 12,833 sq ft single family home was built in 2004. This priciest home sold in October 2016. It contains 6 bedrooms and 9 bathrooms.
An 18th-century farm house nestled in an orange grove sold for $7.2 million in April 2016. Since the sale, the buyer subdivided this priciest home into three lots, and intends to renovate the main home and relist it.
Truly one of a kind, this Mediterranean masterpiece sits on more than 6.5 acres in one of North Scottsdale’s most desirable gated communities. This single family priciest home located in Pinnacle Peak Heights, was built in 2010. This property sold for $13.7 million.
This majestic single family priciest home is located on two acres situated in the upper canyon Silverleaf. City lights and mountain views are enjoyed from nearly every room. The 14,313 sq ft home includes 5 bedrooms, 8 bathrooms, and guest casita. The home built in 2007 sold for $8.5 million in August.
What can we expect for 2017?
Demand for housing in the Phoenix metropolitan area is expected to rise, particularly among retiring baby boomers who often relocate to the area. But there’s not enough inventory to satisfy the current level of demand, and this is expected to push home prices further north. Will it push it far enough north to justify the sale of Arizona’s priciest home? Robert Sussman, New York hedge-fund executive, is hoping just that.
The 36,000-square-foot mansion and guesthouse with indoor basketball court, a hair salon and 20 bathrooms is on the market for $35 million, and is currently the priciest house for sale in Arizona.