Rumors have swirled for months that former Alaska Governor and Vice President nominee Sarah Palin had been looking to be based in Arizona. People familiar with the deal say Palin has purchased a roughly 8,000-square-foot North Scottsdale home, for $1.695 million.
The walled and gated house sits on 4.4 acres and has a billiard room, home theater, walk-in wine room and “resort style backyard” with a gazebo and pool, according to the listing. The just renovated home is brown stucco-and-stone, also has several fireplaces, a six-car garage, mountain views as well as a circular driveway and desert landscaping.
The neighborhood is “as rural as Scottsdale gets,” said broker Bob Hassett of Russ Lyon Sotheby’s International Realty, who wasn’t involved in the deal but said he was approached in 2007 by a previous owner about listing the home, which he described a “Southwest in feel.” Within a square mile of the home, he said, houses are priced between $500,000 and $5 million.
The North Scottsdale home was purchased through a limited-liability company that bought it from Ian Whitmore, who on Wednesday identified himself as a real-estate investor. “It was always my intention to sell the home,” he said. Mr. Whitmore bought it from J.P. Morgan Chase Bank last year for about $800,000, according to tax records.
Article Source: wsj.com
Tags: North Scottsdale home, Russ Lyon, Russ Lyon Sotheby's International Realty