May 25, 2011 4 Comments ›› Angelia
Former Alaska governor and vice presidential nominee Sarah Palin has bought a roughly 8,000-square-foot home in North Scottsdale, Ariz. for $1.695 million, according to sources familiar with the deal.
Put on the market in February for $1.75 million, the walled-and-gated house sits on 4.4 acres and has a home theater, a billiard room, a walk-in wine room and a “resort style backyard” with a gazebo and pool, according to the listing and listing photographs. The brown, stucco-and-stone house, which was renovated this year, has several fireplaces, a six-car garage and mountain views. The property has a circular driveway and desert landscaping. According to the Maricopa County assessor’s office, the home was appraised this year at just over $1 million. A spokesman for Ms. Palin didn’t return a call seeking comment.
The neighborhood is “as rural as Scottsdale gets,” says broker Bob Hassett of Russ Lyon Sotheby’s International Realty, who was not involved in the deal but said he was approached in 2007 by a previous owner about listing the home, which he described a “Southwest in feel.” Within a square mile of the home, he said, houses are priced between $500,000 and $5 million. Real-estate agent Jeff Sibbach of John Hall & Associates described the area as “low-profile; most of the stuff in there is horse property.”
Rumors have swirled for months that Ms. Palin, whom some GOP factions are urging to run for president, has been looking to be based out of Arizona. On Saturday, the Arizona Republic reported that Ms. Palin had possibly purchased the home. She purchased through a limited-liability company that bought the property from Ian Whitmore, who Wednesday identified himself as a real-estate investor.
“It was always my intention to sell the home,” he said, and declined to elaborate on the work he’d done on the home. Mr. Whitmore bought the property from JPMorgan Chase Bank last year for about $800,000, according to tax records.
Dana Bloom and Jeff Bloom of Prudential Arizona Properties shared the listing, and Nate Martinez of Re/Max represented the limited-liability company.