Luxurious Paradise Valley estate originally listed for $20M will be sold at auction

Jun 1, 2023, 4:35 AM

PHOENIX – An exquisite Paradise Valley estate that was originally listed for $20 million will be sold at auction this month.

The Mediterranean-style masterpiece known as Casa Oso Negro was constructed on 2.12 acres near 68th Street and Mockingbird Lane, in the exclusive Camelback Country Club Estates neighborhood.

Bidding, with a reserve price of $12 million, starts online June 7 at 4 p.m. through Concierge Auctions and will conclude June 14 at Sotheby’s in New York. The property is available for in-person and virtual showings by appointment Saturday and Sunday.

Casa Oso Negro, inspired by J. Paul Getty’s Roman 17th-century villa La Posta Vecchia, was built around two courtyards, one with a large hand-tiled pool and the other offering a relaxing garden and fountain.

The 17,912-square-foot residence has five bedrooms and 7½ bathrooms. The luxurious interior features coffered ceilings and marbled floors, with a chef’s kitchen, formal dining room, complete bar area, library, wine cellar and more.

Other amenities include outdoor kitchen and dining areas, multiple fireplaces and an eight-car garage.

“Ten years in the making, Casa Oso Negro — a true masterpiece of architecture with unparalleled Roman-inspired craftsmanship — was designed and formally used as a family office destination and was then repurposed as a private hideaway/personal resort,” listing agent Frank Aazami of Russ Lyon Sotheby’s International Realty said in a press release.

“I am thrilled to once again be working with Sotheby’s Concierge Auctions to find the next owner of this one-of-a-kind property.”

We want to hear from you.

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

Arizona News


Candytopia opening interactive wonderland at Scottsdale Fashion Square in July

Tickets are on sale now for interactive sweets experience Candytopia, which will open its doors at Scottsdale Fashion Square in July.

5 hours ago

Police are searching for information on a series of cars damaged with a "bias element involved."  (...

Series of crimes with ‘bias element’ leaves cars damaged in central Phoenix

Police are seeking information about vehicles damaged within the last week determined to have a "bias element involved" in central Phoenix.

7 hours ago

Two defendants were sentenced to over 10 years in prison for shooting at Hopi police officers amid ...

Defendants who shot at Hopi officers during police chase sentenced

As they fled a traffic violation, two members of the Navajo Nation begun shooting at pursing Hopi officers during a car chase.

9 hours ago

YCSO arrested a suspect who allegedly stabbed both of their parents multiple times. (YCSO Facebook ...

Suspect arrested for allegedly stabbing parents multiple times south of Sedona

A suspect is in custody following the alleged stabbing of their parents in a small town south of Sedona on Saturday morning.

12 hours ago

New Mexico officials issued mandatory evacuations this week for heavy rain and flash flooding. (Pex...

Associated Press

New Mexico heavy rain and flash flooding prompt mandatory evacuations

Heavy rain in New Mexico prompted officials to order some mandatory evacuations, with shelters set up for displaced residents.

12 hours ago

Split image with a sign reading Chandler City Council at the outside the East Valley suburb's city ...

Chandler’s unruly gathering, brass knuckles laws to go in effect Monday

People under 18 years of age will be prohibited from possessing and purchasing brass knuckles starting Monday.

14 hours ago

Sponsored Articles



Desert Institute for Spine Care is the place for weekend warriors to fix their back pain

Spring has sprung and nothing is better than March in Arizona. The temperatures are perfect and with the beautiful weather, Arizona has become a hotbed for hikers, runners, golfers, pickleball players and all types of weekend warriors.


DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.


Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

Luxurious Paradise Valley estate originally listed for $20M will be sold at auction