Phoenix Suns Owner Robert Sarver Sells Arizona Estate for $19.5M
While his team has been beleaguered on the court, Phoenix Suns owner Robert Sarver has shown he has some game in the real estate market. He recently sold his Paradise Valley, AZ, home for a whopping $19.5 million, a record for the state.
“While I will not comment on my client specifically, I will say it is one of the greatest honors of my career to list and sell this home, achieving top dollar for my clients,” listing agent Chris Karas of Launch Real Estate said in a press statement. “To date, this is the highest closed real estate transaction, on the MLS, in the history of Arizona.”
Sarver and his wife, Penny Sanders, purchased the estate in 2006 for $6.2 million, real estate records show. They expanded the 5-acre property, which includes a pool, spa, and indoor sport court.