Price soars for home sold in high-end metro Phoenix enclave

_{(Realtor.com Photo)}

By Kevin Stone | KTAR

PHOENIX – A Paradise Valley estate recently sold for $21 million, a staggering 50% jump from when the property changed hands less than two years ago, according to online listings.

The luxurious home near Jackrabbit and Wilkinson roads previously sold for $14 million in November 2021, two months after it was listed for just under $15.6 million, according to Realtor.com.

No information was available about why the price tag soared by $7 million for a deal that closed July 24 or how long the property had been on the market this time. Real estate websites like Realtor.com and Zillow don’t show a listing date or price prior to last month’s sale.

The 2021 buyer was Jorva Partners B LP, an entity that was traced to Michael Staines Jr., president of Staines Financial LLC, the Phoenix Business Journal reported.

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August 16, 2023

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