Buy

Welcome to PV: Tear down 25K sq foot homes to build 50K sq foot homes

Discussion in 'Arizona & New Mexico' started by nerd, Mar 9, 2007.

  1. nerd

    nerd F1 Rookie

    Oct 12, 2003
    2,506
    Southwest Airlines
    Full Name:
    RSK
    Former Helmsley home used in PV fire training

    Phoenix firefighters dragged hoses up a 1,500-foot-long driveway on Wednesday, knocking through once-opulent walls and punching holes through the expansive roof of hotel diva Leona Helmsley's former 10-acre estate on Paradise Valley's Mummy Mountain.

    About 30 firefighters worked to hone skills needed in fighting fires in large homes on steep slopes. They plan to return Friday for more training.

    The nearly 25,000-square-foot house, whose driveway rises nearly 300 feet in elevation, will be torn down next week to make way for a new two-story, 50,000-square-foot residence by Piccione Custom Homes. advertisement

    Phoenix developer Tom Piccione donated the former Helmsley home near Tatum Boulevard and Roadrunner Road so firefighters could develop mountaintop firefighting tactics.

    Phoenix will take over fire protection and emergency medical service July 1 in Paradise Valley. The town, known for its luxury multimillion- dollar abodes on Mummy and Camelback mountains, has been served by the private Rural/Metro Fire Department.

    "We're trying to get ahead of July 1 so we have a plan in place on how to deal with challenges," said Phoenix Fire Department Division Chief Mike Sandulak.

    Piccione's company will build the new home for the Stewart Horejsi family. Demolition of the current residence will take 6 to 8 weeks to complete, and it will take 2 ½ to 3 years to build the new home, he said.

    The former Helmsley home was built in the early 1980s. She sold the home in 2005 for $8 million, after buying it in 1988 for $6 million.At about 1,940 feet above sea level, it is the highest hillside home in Paradise Valley, said Bill Mead, the town engineer. The new home will be the second-largest in the town, surpassed only by the McCune Mansion, he added.
     
  2. To remove this ad click here.

  3. bijanmaleki

    bijanmaleki Rookie

    May 18, 2005
    8
    Actually the highest hillside home is owned by the owner of innsuites hotels and was built before the limitations were imposed by the city.
     
  4. d-kauf

    d-kauf Formula Junior

    Oct 11, 2006
    328
    Scottsdale, AZ
    Full Name:
    David
    I've been told that the McCune Mansion (now owned by the Hormel family) is on the market for a reported $38M for the 54,000 sf property which includes an indoor ice skating rink.
     
  5. BigTex

    BigTex Seven Time F1 World Champ
    Rossa Subscribed Owner

    Dec 6, 2002
    75,174
    Houston, Texas
    Full Name:
    Bubba
    Well, at least it was once hers!

    We have some pretty big ones coming down here in River Oaks, to make room for....yep, even bigger ones!

    That far from town, I'd strongly recommend fire sprinkler systems in the new construction..maybe a jockey pump for them as well.......
     
  6. nerd

    nerd F1 Rookie

    Oct 12, 2003
    2,506
    Southwest Airlines
    Full Name:
    RSK
    Yeah, big deal but how many garage bays?
     
  7. To remove this ad click here.

  8. Nicksta

    Nicksta Formula Junior

    Sep 16, 2006
    535
    DC Ranch & NY, NY
    Full Name:
    Nick Ingle
    Its been on the whisper market for some time, but only developers are interested. Well, interested is a stretch, because at that number, nothing works. Any anyone with that money won't want to live there.
     
  9. azheman

    azheman Karting

    Feb 3, 2004
    213
    Scottsdale, Arizona
    Full Name:
    Branden

    Actually it's listed as a "steal" at $25M.

    And it needs complete a complete renovation, according to the lister.
     
  10. d-kauf

    d-kauf Formula Junior

    Oct 11, 2006
    328
    Scottsdale, AZ
    Full Name:
    David
    And last year it had the highest property taxes in the state - I think it was around $116k!
     
  11. azheman

    azheman Karting

    Feb 3, 2004
    213
    Scottsdale, Arizona
    Full Name:
    Branden
    yep, just over $116k for 2006.
     
  12. To remove this ad click here.

  13. djui5

    djui5 F1 Veteran

    Aug 9, 2006
    5,410
    Phoenix, Arizona
    Mother of pearl, that's a lot of $$ for taxes on a house. Why is the only thing I can think to say...Why...
     

Share This Page