Tucson real estate agent, Nikki Mehalic-Halle, sold a home in Paradise Valley to a Canadian buyer for a record-setting $14 million. The home is believed to be the highest recorded Arizona home sale to date. The home is equipped with state of the art fixtures and appliances, a wine cellar, and exceptional landscaping that includes a lavish pool and spa area.
The Maricopa County Recorder’s Office file states that the home was purchased for cash by the Mohave Road Trust for beneficiaries – Jack, Samantha, and Stephanie Zekelman. The buyers had been searching for the right home for the last couple years, in both Phoenix and Tucson, but decided on Phoenix due to the convenience of flying to and from Canada, says Mehalic-Halle.
This recent purchase is one more Canadian investor buying homes in and around the Phoenix area as of late. The wave of foreign investment in Arizona real estate is greatly appreciated by home sellers and for many sellers facing the likeliness of foreclosing.
Read this story, by Christie Smythe of the Arizona Daily Star, in its entirety by clicking here.
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That’s a great single house sale for Arizona. Wow.