ARIZONA NEWS

Scottsdale home sells for $4.4 million at auction, $2 million under listing

Feb 20, 2018, 4:30 AM | Updated: 3:14 pm
(Photo: Russ Lyon Sotheby's International Realty)...
(Photo: Russ Lyon Sotheby's International Realty)
(Photo: Russ Lyon Sotheby's International Realty)

PHOENIX — A Scottsdale mansion disenchanted auction bidders as the home sold for more than $2.5 million less than the list price of $6.9 million.

The three-day online auction was sold with “no reserve,” which means that the house would sell no matter how low the highest bid was.

From Friday Feb. 9 to Monday Feb. 11th, bidders clicked away in attempt to win the exclusive contract for the mansion. It was hosted by Sotheby’s International Realty and Concierge Auctions.

Fortunately for the buyers, they were able to submit the winning bid for a discounted price of $4,375,000. The house was listed at $6.99 million.

The mansion is located in the Scottsdale Estancia golf community and features a 12-car garage alongside its six bedrooms and 11 bathrooms.

A 30-foot retractable wall made of glass separates the outdoor living space and the open Great Room and kitchen area, which is highlighted by a wood burning pizza oven.

The house is 12,971 square feet and that 12-car garage, you ask? It has a two-car elevator that allows you to transfer your dozen cars between the eight downstairs parking spots and four upstairs spots.

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Facebook Photo/Phoenix Children's)...
KTAR.com

KTAR, Arizona Sports host annual fundraiser for Phoenix Children’s

Phoenix Children’s treated more than 155,000 patients last year. It costs nearly $2.7 million per day to operate the hospital. Phoenix Children's needs your help to continue its lifesaving work.
9 hours ago
Ernie's Liquors owner Joseph Johny hands over a Mega Millions lottery ticket to a customer in Palo ...
KTAR.com

Lottery ticket sold in Glendale hits jackpot for $285K

A lucky lottery player hit the Arizona Lottery's Triple Twist Jackpot Thursday in Glendale to win $285,500.
9 hours ago
(Pexels Photo)...
Kim Komando

If your inbox is a mess, here’s a surefire way to keep email in check

If you’re sick of wasting time searching endless or scrolling through your inbox, it’s time to up your email game. Every Gmail user should do this.
9 hours ago
(Facebook photo / Phoenix Fire Department)...
KTAR.com

Newly named Pat Tillman Middle School held ribbon-cutting ceremony Friday

The former Balsz Elementary School is now officially Pat Tillman Middle School as a ribbon-cutting ceremony took place Friday.
1 day ago
(Phoenix Fire Department Screenshot)...
KTAR.com

Firefighters extinguish rooftop fire on large commercial building in Phoenix

Firefighters extinguished a fire on the roof of a large commercial structure located near 43rd Avenue and Buckeye Road in Phoenix Saturday.
1 day ago
(Mesa PD Mugshot)...
KTAR.com

Mesa suspect booked for repeatedly running over, killing man, police say

A 61-year-old man was arrested Friday for intentionally running over a resident multiple times in east Mesa, authorities said.
1 day ago

Sponsored Articles

...
Mayo Clinic Orthopedics and Sports Medicine

Why your student-athlete’s physical should be conducted by a sports medicine specialist

Dr. Anastasi from Mayo Clinic Orthopedics and Sports Medicine in Tempe answers some of the most common questions.
...
Day & Night Air Conditioning, Heating and Plumbing

Most plumbing problems can be fixed with regular maintenance

Instead of waiting for a problem to happen, experts suggest getting a head start on your plumbing maintenance.
...
CANVAS ANNUITY

Best retirement savings rates hit 4.30%

Maximize your retirement savings with guaranteed fixed rates up to 4.30%. Did you know there is a financial product that can give you great interest rates as you build your retirement savings and provide you with a paycheck for life once you retire? It might sound too good to be true but it is not; this product is called an annuity.
Scottsdale home sells for $4.4 million at auction, $2 million under listing