(Photos Courtesy of Joan Levinson)
By E.B. Solomont | Wall Street Journal
In Paradise Valley, Ariz., a home built for a car collector has closed for $23.5 million, making it the most expensive home ever sold in the affluent Arizona town, according to listing agent Joan Levinson of Realty One Group.
The property hit the market in January asking $25 million. The seller was tech entrepreneur Daniel Morrison, who bought the home for $10.5 million in 2012, records show. The identity of the buyer couldn’t be determined.
Mr. Morrison declined to comment.
Completed in 2009, the home was built for Phillips W. Smith, Ms. Levinson said. Mr. Smith, who died in 2021, was the chairman of the weapons and technology company Taser International, now known as Axon, according to the company’s website.
Set on roughly 5 acres, the main residence is roughly 16,500 square feet with an approximately 2,000-square-foot guesthouse. The property has a red-lacquered show garage that can hold up to four cars. There are two additional three-car garages and a 17-foot-high RV garage that can hold 20 cars.
