The five-bedroom home, to be sold in January, includes a 2,000 bottle wine cellar, five fireplaces and an indoor pool.
Hillside Estate, an opulent oasis adjacent to the Phoenix Mountains Preserve in Arizona’s capital city, will hit the auction block on Jan. 15 in a live, one-day unreserved sale.
The property, in the Phoenix suburb of Paradise Valley in the Sonoran Desert, was originally listed by Michelle Meglio Macklin of Corcoran Platinum Living in May for $5.995 million. The price was reduced three times and is currently listed at $4.495 million.
The sale, a partnership between the real estate brokerage Corcoran Platinum Living and the auction house Platinum Luxury Auctions, will solicit offers from bidders in person as well as remotely.
“There are no minimum bids and no suggested or starting bid,” said Trayor Lesnock, founder and president of Platinum Luxury Auctions. “The property will sell to the highest bid, whatever that is.”
The property, which offers mountain as well as city views in the tony Tatum Canyon neighborhood, last changed hands in 2001, when James T. Greener and Linda J. Enright bought it for $3.15 million, shortly after the house was built, according to records on PropertyShark. The estate is currently in a trust in their names.
Read the full article by Mansion Global’s Nancy A. Ruhling HERE.