Mutual fund rock star Peter Lynch has listed his north Scottsdale estate for $14 million.
Lynch ran Fidelity Magellan when one of every 100 Americans was invested in it. He built the eight-bedroom, 11½-bath home in 2006 with his wife, Carolyn. The 14,000-square-foot Adobe-architecture compound is situated on 7.5 acres in the golf-course community Estancia.
The couple bought extra lots around their home to create a desert retreat with a guest house, casita and three-story fountain near the pool.
Peter Lynch became a household name for investors when he ran Fidelity Magellan from 1977 to 1990. During his tenure, the investment fund posted returns averaging 29 percent.
“We decided to build our vacation home in Scottsdale because it was different from what we were used to living in Massachusetts, which is flat,” he said in a statement. “We loved the terrain, the mountains and the sunsets. I wanted to re-create everything that is so special about the desert and the landscape is reflective of that.”
Carolyn Lynch died a year ago.
“Peter bought the entire mountainside and the canyon when he built this property,” said Jay Pennypacker of Russ Lyon|Sotheby’s International Realty. “Because of that this residence offers something most homes in Arizona don’t have, amazing views with privacy."
Pennypacker has the listing for the Lynch house with Debbie Negrin of Russ Lyon.