And in this feeble upper-end market the sellers did the best they could.
3545 E Calle Puerta De Acero, a Mike Wachs Spanish Colonial, was listed for $1,995,000 in March 2012 and after dropping to $1,650,000 last September went to contract in December and closed today for $1,550,000 ($251/sf) – after having paid $2,100,000 in July 2004.
This is 6166sf of masonry construction + 4 car garage, pool, views, on 2.88 hilltop acres in La Puerta, a gated, boutique subdivision off Hacienda del Sol Rd, by one of the best builders in town. Including the price of the lot I don’t think you could build half of that house for $1.5.
But they wanted to sell, and there’s a lot of supply and not a lot of demand at $1.5 and up.
3545 E Calle Puerta De Acero Tucson, AZ 85718
(listed by Long Realty)
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