Original Paradise Valley Estate
The site of the former Herberger family home in Paradise Valley Arizona is slated for a 10-lot single family residential development. This is one of the larger subdivisions left in Paradise Valley and naturally will be in high demand. The development, which is slated to be called Invergorden Manor and is located on 12-acres of prime Paradise Valley real estate near Invergorden and Jackrabbit roads.
Teardowns Wrapped In Red Tape
The Phoenix Business Journal, reports that the teardown market involves a lot of paperwork, from the demolition permit to the building permit, and that there are high fees involved. Some areas have historic districts, which can be a barrier to contractors or buyers seeking property for tear downs.
High Dollar Home Sale In PV
Basketball star Penny Hardaway made this week’s list of the buyers and sellers of the Valley’s priciest homes (for the week): $5,300,000. New York Knicks guard Anfernee Hardaway, also known as Penny Hardaway, has sold his 20,400 square-foot Paradise Valley estate. A group called Mortgages Ltd. bought (stole at that price IMO) the home and its two guesthouses.