Michael Brochstein/SOPA Images/LightRocket via Getty Images; realtor.com
Gov. Doug Ducey of Arizona and his wife, Angela, recently sold their sprawling mansion for $8.1 million. They can now spend those millions on a much smaller fixer-upper just down the street, which they bought last year.
The couple listed their enormous 11,412-square-foot estate in Paradise Valley, AZ, for $8.75 million in December 2019, and they were able to sell the grand six-bedroom home relatively quickly. The mansion sale closed a couple of weeks ago, leaving the Duceys with plenty of dough to plow into upgrading and updating their other home.
They purchased an older ranch with exquisite views in the same ritzy suburb in early 2019, for $1.375 million.
The Duceys decided to downsize once their children left home and are apparently now ready to take on a remodel (or rebuild) project.
The 3,100-square-foot house they bought last year covers a quarter-acre in the well-heeled Mountain Shadows East neighborhood. Its chief highlight is the jaw-dropping, unobstructed view of Camelback Mountain.
The three-bedroom, 3.5-bathroom home was built in 1958 and shows some age. The kitchen, fixtures, and bathrooms need to be brought into 2020. But you can’t put a price on the location—an owner’s suite with picture-perfect mountain views might be worth preserving.
It does pale in comparison to the immaculate French farmhouse interiors of the Duceys’ massive desert estate. But the location, bones, and smaller footprint make sense for the governor.
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The Duceys’ previous estate, where their three sons, Jack, Joe, and Sam, grew up, was custom-built for the family in 2009.
Ducey amassed a fortune serving as the CEO of Cold Stone Creamery for more than a decade. He entered politics in 2007, was elected State Treasurer in 2010, and won the governorship in 2014.
The post Ducey Downsize: AZ Governor Sells Mansion for $8.1M After Buying Fixer-Upper appeared first on Real Estate News & Insights | realtor.com®.
source https://www.realtor.com/news/celebrity-real-estate/doug-ducey-arizona-gov-sells-mansion-buys-fixer-upper/
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