A gated Arizona estate with its own soccer field has sold for $17.5 million. That is just shy of the $19.25 million record generated late last year by the sale of Phoenix Suns owner Robert Sarver’s estate nearby.
This just-sold estate, which came on the market last fall asking $21 million, went into contract in February, before the coronavirus outbreak was in the headlines. Joan Levinson, the listing agent, said it wasn’t clear how the pandemic would affect the affluent Paradise Valley market, which has been strong in recent months, especially for new homes.
In addition to the soccer field, the nearly 5-acre property has views of Camelback Mountain and includes a sunken tennis court, a basketball court, a 75-foot lap pool and a guesthouse, according to the listing.
The property includes nearly 16,000 square feet with six bedrooms across the main house and guest house. The main house has paneled walls and walnut flooring. It also contains a large game room with billiards, a library and a copper bar as well as a wine room.
The seller was Larry P. Clemmensen, records show. Mr. Clemmensen is the former president of the Capital Group, an investment firm. He bought the site in 2007 for $8.8 million, records show. The house was built in 2010, according to the listing.
If you have a Wall Street Journal subscription, you can view the article here: https://www.wsj.com/articles/paradise-valley-home-with-its-own-soccer-field-almost-scores-new-arizona-price-record
By Katherine Clarke
April 3, 2020 2:42 pm ET