ARIZONA NEWS

Scottsdale’s ‘Castle on the Hill’ estate sells for near-record $21.5 million

Oct 12, 2021, 4:45 AM | Updated: 9:20 am

PHOENIX – An elegant Scottsdale mansion known as the “Castle on the Hill” sold for $21.5 million earlier this month, the second-priciest home sale in Arizona history.

A retired couple from northern California purchased the hillside residence in the prestigious Upper Canyon section of the exclusive Silverleaf community, Russ Lyon Sotheby’s International Realty, who represented the buyers, said in a press release.

The transaction closed Oct. 1, one year to the day after another Silverleaf property set the Arizona record for home sales in a $24.1 million deal.

The 12,500-square-foot “Castle,” a 2020 creation of luxury architect Fratantoni Design, features an Italian-style exterior and modern French interior design.

It was listed in June and wound up nearly fetching the $22 million asking price, moving past yet another Silverleaf home, one that sold for $21 million in February 2021, into the No. 2 spot for most-expensive residential sales in state history.

The estate at 11200 E. Canyon Cross Way has a main house with five bedrooms and 6½ bathrooms plus a detached two-bedroom, two-bathroom guest house.

Along with spectacular views, the 3.3-acre property features an exercise room, a heated pool and spa, and a large dining room that overlooks a wine room.

According to Realtor.com, the median listing for a Silverleaf residence is nearly $3.5 million.

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Scottsdale’s ‘Castle on the Hill’ estate sells for near-record $21.5 million