A retired couple from the San Francisco Bay Area has paid $21.5 million for The Castle on The Hill, a 12,000-square-foot mansion in Silverleaf in north Scottsdale — the second-highest priced residential sale in Arizona this year.
Built in 2020 by Frantantoni Luxury Estates, the home was occupied for about five weeks by the original owners because the coronavirus pandemic kept them in California, said Barry Van Patten , associate broker for Russ Lyon Sotheby’s International Realty, who represented the buyer along with his wife Ginger Van Patten and their son Barry Van Patten II.
According to the Maricopa County Assessor’s Office, Tracy J. Williamson of Shelby, Montana, sold the property to Gary and Kathie Heidenreich for $22.5 million on Oct. 1 .
The Heidenreichs had moved from the Bay Area to another home within Silverleaf, and when this home at 11200 E. Canyon Cross Way, also within Silverleaf, came on the market, they listed their home for $9.65 million and it went under contract within three days, Van Patten said.
That home sale is expected to close on Oct. 19, he said.
“They moved from the Bay Area wanting a better life, not happy with what’s transpiring in California,” Van Patten said.
Sitting on a 3-acre parcel, the home was designed by Fratantoni Design and was built by Fratantoni Luxury Estates. Frantantoni Interior Design created the Italian exterior style with a modern French interior design.
The main house has 5 bedrooms and 6.5 baths, while a 1,333-square-foot casita has 2 bedrooms and 2 bathrooms, a living room and full kitchen.
“The home was sold with all the furnishings,” Van Patten said. “The furnishings are one of a kind.”
In his 16 years of selling multimillion-dollar homes in the north Scottsdale area, Van Patten said the quality of construction and design make it a spectacular home.
“Nothing I’ve seen compares to this home,” he said.
In January 2020, Van Patten and his wife Ginger and their son Barry got together to form Van Patten Luxury Group. Enlarge From left, Barry Van Patten, Ginger Van Patten and their son Barry Van Patten II, formed the Van Patten Luxury Group in January 2020. Provided by Carrie Evans From left, Barry Van Patten, Ginger Van Patten and their son Barry Van Patten II, formed the Van Patten Luxury Group in January 2020. While demand is still strong, Van Patten said he has been noticing a cooling of the market in metro Phoenix.
“But I foresee the market staying strong at least in 2022, assuming interest rates stay low,” he said. “In this luxury market, we don’t see a lot of buyers taking out loans…. Low inventory will keep the market strong and high demand will keep the market strong.”
