Hi-Lob is the highest residence on Camelback Mountain
PARADISE VALLEY, Ariz. – “Highest” residence on Camelback Mountain. Check. 210-degree views of the Valley. Check. Mountainside Estate for the luxury resort Sanctuary on Camelback Mountain. Check. Hideaway for the rich and famous. Check. Available to prospective buyers for only $2,875,000? Amazingly, also true.
Built in 1979, the approximately 3,200-square-
Nestled on 1.3 acres, the two-bedroom home with guesthouse features a spacious living room, dining area, kitchen, private outdoor pool and patio with fireplace. Located in the loft is the master suite that opens to the outdoor pool and patio area, and an adjacent bedroom with two queen beds, each with separate bathrooms. Decks are spread along floor-to-ceiling windows, providing perhaps the most spectacular views of any home in the Valley.
David E. Slattery, whose affiliate Hi-Lob Holdings LP owns the property, believes there are tremendous opportunities for whoever purchases Hi-Lob whether it be as a primary or secondary residence, as part of the nightly rental pool at Sanctuary, for long term/vacation rentals or as inventory for a private residence club. But the true potential is being able to more than triple the amount of dwelling space on the property. “Our initial discussions with the Town of Paradise indicate the potential to expand the dwellings on the property to nearly 11,000 square feet making Hi-Lob one of the most dynamic residences in the region,” he explained.
As the one of the high-end homes that are part of the Mountainside Estates at Sanctuary, nightly rates range from $2,100 to $3,600 based on the season. Guests receive full access to the amenities of the resort including the Sanctuary Spa, fitness center, tennis courts, pools, room service and the concierge. “Celebrities stay at Sanctuary and ask for Hi-Lob because of its privacy,” Slattery noted. “The names of guests we’ve heard range from the top musical entertainers of all time to some of the best-known businessmen and sports figures in the world. It’s flattering to have had them as guests in our home.”
Potential investors are encouraged to contact John Bacon of Converge Development group at 480.215.0873 or jbacon@convergedevelopment.com. In addition to an outright purchase, long-term lease options and joint venture opportunities are available. Additional information at http://www.convergemarketinggroup.com/
Photos, floor plans, property tours and interviews available upon request. Please contact John Bacon at 480.215.0873 or jbacon@convergemarketinggroup.com.
About the David E. Slattery Companies
The David E. Slattery Companies are committed to creating and compounding capital through inventive and innovative real estate development and investment strategies with a focus on adaptive reuse, renovation and repositioning of once prominent assets. The company’s current inventory of real estate includes multiple apartment complexes in Nebraska and Missouri; the Grand Prairie Hotel, Water Park and Convention Center in Hutchinson, Kan.; The Shamrock Inn and The Inn at Okoboji in Okoboji, Iowa; and Hi-Lob in Paradise Valley, Ariz.
Photo:
http://www.prlog.org/
