Scarcity Sells: Scottsdale Luxury Home Sale – $10M Equestrian Center
Scottsdale luxury homes come in all shapes and sizes as evidenced by the recent sale of Wolf Springs Ranch, an 11+ acre equestrian compound listed by a Scottsdale Realtor with Prudential Arizona Properties.
The highest-priced piece of Scottsdale real estate to sell since 7/1/08, the property is a textbook example of supply and demand at work. This property is truly unique for Scottsdale, making it a rare find for the specialty buyer.
Touted as “Arizona’s Premier Horse Ranch,” the property was granted a Special Use Permit by the City of Scottsdale for boarding, training, breeding, and selling horses, and for hosting special events, making it a perfect candidate for a specialty-equine operation.
The gated Scottsdale luxury estate included:
-6,800 sq ft main house with pool, spa, cabana, and tennis court
-An 1,800 sq ft Ranch Manager’s house
-A 2,400 sq ft Trainer’s house (you can see who holds the clout here!)
-A HUGE covered arena
-More than 60 stalls in two breezeway barns, including a Ranch Office, Lounge, Breeding Lab, and Stallion Stalls
-Pastures and an open-air arena
Clearly, at $10 million, the buyers of this phenomenal piece of Scottsdale real estate must have grand plans!