A high-rise condo in Phoenix, Arizona: The two-unit, 6,586-square-foot, 5-1/3 bath condo that serves as the McCain’s primary Phoenix residence and features a rooftop pool, personal spa services, concierge services, and valet parking was purchased new in 2006 for $4.7 million.
References:
Halbfinger, David. The McCain Properties. New York Times. August 23, 2008
Kleefeld E & Shapiro L. The Official TPM Tally: The McCains Own Eight To Eleven Houses. Talking Points Memo. August 22, 2008
The Residences at 2211 Camelback. 2211 Camelback Amenities – The original website is no longer active: www.2211camelback.com
What: The McCains’ main residence, this 6,500-square-foot, glass-walled condo with three terraces is in a recently built high-rise called 2211 Camelback. Plus a 2,000-square-foot unit on a lower floor.
Amenities: The 90-unit development has a rooftop pool and a concierge who offers “pet services,” makes travel arrangements and books spa treatments. There’s also valet parking and a gym.
Purchase Price and Dates: High-floor apartment, $4.67 million in October 2006; lower-floor unit, $830,000 in August 2007.
Annual Property Taxes: $15,542 for both units.
House Tour: Cindy McCain set what is believed by local brokers to be a record condo price for the area when she agreed in 2004 to buy two adjacent high-floor apartments, which she combined. The building is located in the prestigious Biltmore area near stores such as Saks Fifth Avenue.
Due Diligence: Though the upper-floor unit appreciated after the 2004 purchase agreement, its value has since fallen to about the purchase price, brokers say. The lower-floor condo’s value is about $715,000, down 14%, a typical drop for the hard-hit Phoenix market.
Source: ReListr.com
