Another wealthy buyer has busted Arizona’s record for the priciest home sale.
A group called Rimrock Properties paid $18.8 million in cash for a 21,000-square-foot mansion situated on 30 acres in Scottsdale’s posh Silverleaf neighborhood, according to public real estate records.
Kevin Knight, an executive with trucking firm Knight Transportation, sold the home with five bedrooms and 8 baths.
The house has one of the largest collections of reclaimed European building materials in the West, including 400-year-old French oak doors, 200-year-old oak beams and 200-year-old reclaimed roof tiles
The buyer used a Delaware LLC to purchase the home, which doesn’t require any names of the members to be disclosed. The tax mailing address for the buyer is the law firm Elliott, Ostrander & Preston in Portland, Oregon.
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Scottsdale-based Linthicum developed the $18.8 million home.
The home's new owner will be neighbors with the buyer of what’s now the second priciest Arizona house to sell.
A few weeks, ago a Canadian buyer plonked down $17.5 million for a 20,000-square-foot mansion in Silverleaf, a neighborhood of DC Ranch.
That buyer Nummus Properties, a Saskatchewan corporation, also paid cash.
The $18.8 million mansion was never listed for sale.
Multi-million dollar home sales are on a roll in the Valley.
The number of homes selling for $3 million or more in the Phoenix area have more than doubled this year, compared to the same time frame in 2017, said Tina Tamboer, senior housing analyst with the Cromford Report.
So far this year, more than 30 homes in that high price range have sold.
In December, Steve Sanghi, founder of Chandler-based Microchip Technology, paid a then-record $15.65 million for a mansion on Paradise Valley's Mummy Mountain. It's now the third priciest home sale ever to close in Arizona.