(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.
