Unbuilt Scottsdale Mansion listed for $32 million, most expensive in Arizona

20568 N 112th Street, Scottsdale, Arizona (Redfin)

The most expensive house for sale in Arizona has not been built.

Jerry Smith, the founder of Arizona-based credit card company Integrity Payments, and his wife, are building a 17,267-square-foot home on a vacant two-acre lot in the Silverleaf gated community of Scottsdale, the Wall reported. StreetJournal. It is marketed with an asking price of $32 million.

20568 N 112th Street, Scottsdale, Arizona (Redfin)

Property (Redfin)

Smith bought the empty lot for $3 million after selling his business and the couple decided to build the house from scratch as an investment opportunity.

Plans call for a five-bedroom main house and a two-bedroom guest house. Drewett Works Architecture, GS Fries Construction and Ownby Design are responsible for the design and construction of the house.

Inside the Property (Redfin)

Inside the Property (Redfin)

It will include a 90-foot-long elevated outdoor swimming pool as well as a wellness area with a fitness room, sauna and plunge pool. Plans also include a 16-vehicle car gallery that connects to the automotive terrain via an automotive lift.

Claire Ownby of the interior design team said the homes will pay homage to the 1920s and 1930s with art deco influences such as herringbone-patterned wooden floors and limestone walls.

Inside the Property (Redfin)

Inside the Property (Redfin)

The Silverleaf community sits in the foothills of the McDowell Mountains and is where a home sold for $28.1 million – the most expensive sale in the state. Another home in the same neighborhood sold for $24.1 million in 2020.

Luxury residential real estate in Scottsdale is limited. The Wall Street Journal found that Scottsdale saw a 51% drop in the number of homes available for sale between April 2021 and March 2022, compared to the same period a year earlier.

The house is expected to be completed in 2024.

[WSJ] — Victoria Pruitt

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