Archive for July 15th, 2008

AZ Republic – Scottsdale home sells for $5.7M

Jul. 8, 2008 01:27 PM
The Arizona Republic

 

A Scottsdale land developer, a founder and CEO of an information technology group and two local Realtors, are among the buyers and sellers in this week’s done deals.

$5,791,500.

Richard and Kimberly Cabral bought a new 10,645 square-foot home with five bedrooms, seven bathrooms plus two powder rooms, bonus room, kids retreat, game room, library with fireplace, office theatre, gourmet kitchen with two islands, six-car garage, plus detached casita has two bedrooms and living room with fireplace. This Calvis Wyant luxury home on four and a half acres is northeast of the Pinnacle Peak Country Club in Scottsdale. Rick Cabral is the owner of Newport Development, a land development company in Scottsdale. The home was sold by Calvis Wyant Homes-4 LLC of Scottsdale.

$4,995,000.

Stuart and Mary Rhea purchased a new 8,400 square-foot home with six bedrooms and seven bathrooms. The master suite has an exercise room with bar and two flat screens. There is a library and office with fireplace and private patios; formal living room, dining room with wine room and butlers pantry; huge gourmet kitchen opening to oversized family room, three en-suite bedrooms, media room, game room; and a separate guest house out by a party gazebo and diving pool, A/C garages and Crestron Smart house. This luxury home at Mummy Mountain is on the southwest side of the Camelback Golf Club in Paradise Valley. Stuart Rhea is the founder and CEO of Tolt Service Group, a nationwide provider of outsourced technology field services. He has spent over 30 years in the information technology field. The home was sold by Clarissa Johnston.

$3,170,000.

Kent Bowerbank and Leslie Bowerbank, as Trustees of the Bowerbank Trust, paid cash for a 6,991 square-foot home with 650 square-foot pool originally built in 1999. Kent Bowerbank is a Realtor with Embassy Properties in Phoenix. The home was sold by Marshall and Fran Garvey. Marshall Garvey is the owner of Marshall D. Garvey Co., a real estate/management company in Scottsdale.

$3,125,000.

Michael L. White, as Trustee of the Statice Revocable Trust, purchased new home west of the Camelback Golf Club in the Morton Mesa Subdivision of Paradise Valley. The home was sold by Lance R. Kaufman and his wife Susan.

$3,100,000.

Robert D. MacMillan and Mary Hazel MacMillan, as Trustees of the Robert D. MacMillan Family Trust, paid cash for a 4,565 square-foot home with 704 square-foot pool originally built in 1977 on over two acres on the west side of the Camelback Golf Club in Paradise Valley. The home was sold by Michael White who purchased the previous done deal on the same day.

Researched by John McLean and the Information Market.

AZ Central – Judge sides with developer in in F.H. battle

FOUNTAIN HILLS – Fountain Hills voters will not decide the fate of a giant housing development after a judge on Monday tossed a proposed citizen’s referendum off the Nov. 4 ballot.

Maricopa County Superior Court Judge Edward Burke rejected a referendum sought by Save Our Small Town, which challenged a nearly 2-square-mile development proposed for northeastern Fountain Hills by the Ellman Cos. of Phoenix.

Burke ruled that the petition circulated by SOS was “not fair and honest” because it failed to note that a successful referendum would actually increase the number of homes allowed on the former state trust land south of McDowell Mountain Park.

SOS opposed what they believe would be undesirable effects, especially traffic, from Ellman’s plans for a 1,350-home development, approved May 15 by the Fountain Hills Town Council.

But by rejecting the May 15 plan, the judge said, passage of the referendum would have caused the zoning of the land to revert to an earlier town approval, which would have allowed the construction of up to 1,750 homes on the 1,276-acre expanse, one of the last swathes of developable land in Fountain Hills.

If you are looking for a home in the Fountain Hills area click here:

www.theholmgroupaz.com


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