A 17,819-square-foot mansion on the golf course of the iconic Arizona Biltmore Resort sold for a record $7.9 million in cash.”A milestone sale, it broke all-time historic sales … within the Biltmore Estate Circle,” said Frank Aazami of Global Real Estate Advisors.Aazami and colleague Bill Bulaga represented the buyer in the record transaction that closed Dec. 4.While they declined to identify their client’s name, public records show the buyers as Philip and Leslie Damiano of Coeur d’Alene, Idaho.Representing the seller, which public records show as Stardom Homes LLC, were Gretchen Baumgardner and Jim Bruske of Engel & Voelkers Scottsdale.Over the past two years, Aazami had discussions to represent the seller for that property.In 2021, the property was listed in the $15 million range, said Aazami, who noted that it was priced too high.If the property had been correctly priced from the beginning, it would have sold more quickly, he said.”The market was healthier then,” Aazami said.Listed as high as $20 million in 2007, the home most recently was listed at nearly $9.9 million — $2 million more than the eventual closing price.expandThe upper floor’s balcony provides views of Camelback Mountain, Piestewa Peak and golf course.HUB MediaBuilt in 2002 on a 1.03-acre lot, the home includes nine bedrooms and 13 bathrooms.Spanning three levels, the home boasts three fully equipped kitchens, a billiard room and private bar, a three-story Moroccan wine cellar, tasting room, theater and elevator.”The whole approach is a statement piece,” Aazami said. “It’s a legacy home.”Nearby Biltmore estate listed for $10MNext door, Aazami is representing the seller on a 14,554-square-foot estate with six bedrooms and 7.5 bathrooms.Built in 2013 on 1.3 acres, that property boasts a wine cellar that accommodates thousands of bottles. That estate is listed for $10 million.He showed that estate to his client, but it didn’t have the number of bedrooms and overall square footage the buyer was looking for, Aazami said.”He wanted to make sure his privacy was secured in the backyard,” Aazami said.The one he ended up buying next door already has hedges surrounding the backyard, he said.Privacy is important to these homeowners.Take Arte Moreno, billionaire and owner of the Los Angeles Angels.He opposed the development of apartments behind his Biltmore estate, but when zoning was approved this summer, he decided to take matters into his own hands.Last month, Moreno paid $60 million for the entire 12-acre property where the apartments were going to be built.A few houses down, Aazami also represents the seller on a 10,030-square-foot estate originally built in 1967 on nearly an acre.Priced at $5 million, the estate has been owned by the same owner for the past 24 years, he said.That current owner is the second to own the home originally built by the Rockefeller family that used the estate as a second home, Aazami said.The only reason …
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