$25M Sought for Helmsley Property
Dec. 15, 1997
PARADISE VALLEY, Ariz. (AP) _ The price for Leona Helmsley's vision of paradise doesn't come cheap.
Helmsley is asking $25 million for her 10-acre estate in Paradise Valley, five times the rate for other luxury homes near Mummy Mountain. It's also $19 million more than she paid for it a decade ago.
``Outrageous,'' real estate broker Patsy Lowry said. ``I think the price is very high, but then so is the property.''
The secluded 20,000-square-foot estate offers 360-degree views of Phoenix and surrounding mountain preserves. The stone and glass estate is private, yet just a few minutes from fine restaurants and shopping.
There also is a 36-foot misty waterfall that cascades into a lagoon pool and a powder room with 24-karat gold faucets; there are 12 bathrooms, elevators and staff quarters that make most homes look like closets.
There's also an indoor Olympic-size pool _ one of three pools on the property _ that has an underwater sound system.