PHOENIX — After listing for $18.5 million in January, a French-inspired estate in Arcadia just sold for $17.1 million in cash — a record for that area.
The 8,434-square-foot estate at 6415 E. Exeter Blvd. in Scottsdale sold for $2,027.51 a square foot, which represents the highest price per foot per acre in Arizona, said Katrina Barrett, designated broker and owner of Local Luxury | Christie’s International Real Estate and listing agent for the property.
Other estates selling for $2,000 a square foot are on two to five acres, while this property is on nearly an acre, she said…