Phoenix Suns owner's estate sells for record high price

by Steve Randall03 Dec 2019

A home in Paradise Valley has become the highest-priced sale in the state.

With a $19.25 million sale price, Walt Danley and Catherine Jacobson of Walt Danley Christie’s International Real Estate’s client was matched with the estate owned by Robert Sarver, owner of the Phoenix Suns and Executive Chairman of Western Alliance Bancorporation.

The home boasts a 28,043 square-foot sprawling mansion including a state-of-the-art indoor basketball arena and majestic views of Camelback Mountain.

“The gorgeous estate is like no other you will find in the world,” said Walt Danley, president and founder of Walt Danley Christie’s International Real Estate. “While the home is certainly desirable, making a deal of this magnitude come to fruition is a feat for all parties involved and requires intricate knowledge of the real estate process. Catherine (Jacobson) and I are both humbled and pleased beyond words to partake in such a critical role as matchmaker.”

Jacobson added that the transaction marks a milestone for the community and the luxury real estate market.

“We take great pride in bringing buyers and sellers together in a transaction that serves their best interest for the future, and we accomplished that here.”

Launch Real Estate represented the property.


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