Million-Dollar Homes Up For Auction in Arizona

by Deidre Woollard (RSS feed)
Apr 22nd 2008 at 8:01AM

I've found more than a few luxury home auctions in Florida, but now the luxury home auction business model is hitting Arizona in a big way. On April 30, Eric Nelson Auctioneering, in association with the Larsen Company, will auction off 14 properties from LaBlonde Homes and Sundance Housing in the Scottsdale area. Homes worth as much as $3.495 million will be auctioned off. The auction also includes several one-acre homesites with an estimated value of $300,000 available at a starting bid of just $75,000. The opening bids for the million-dollar-plus homes are all just about half the estimated value of the home. Open houses are held every Saturday and Sunday from 12-4 p.m. and the homes will also be open auction day from 12-4 p.m. The gallery below features the top seven most expensive homes in the auction. Happy bidding.

Gallery: Arizona House Auction

Tags: arizona, home auctions, luxury real estate, real estate auction

Filed under: Estates

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Reader Comments (Page 1 of 2)

Rivirivi Apr 22nd 2008 3:16PM

WELL, BECAUSE OF SELECTED GROUPS WHO NOW ARE RICH MAKING $$ WITH OVERPRICED HOUSES- WHOSE BUYERS ARE DEFAULTING WITH THE BANKS- AND BECAUSE OF THE RAISE IN RENTAL UNITS- MOST AMERICANS ARE GOING TO BE HOMELESS! PROBABLY LIVE IN THEIR SUV'S WHICH ARE THE ONLY THING THAT THEY CAN AFFORD- SINCE THEY WILL NOT BE PAYING RENT OR A MORTGAGE.

haroldemerson jr Apr 22nd 2008 7:27PM

my wife work around the clock and thought we were ok past two years we have lost the moneybattle behind in mortgage car payment and at 44 i think im done no miracles angels or good fortune so stressed i cantthinkstraight what happened to us upset and miserable every day and no where to turn

Jayne Apr 22nd 2008 6:28PM

Dear Harold, I don't want to speak in platitudes but sometimes the most comforting words are "this, too, shall passs." Please don't give up hope, keep putting one foot in front of the other. Others have been where you are and have come out the other side. I'm a stranger, but I care. Good luck to you and know that you and your family are in my thoughts. Sincerely, Jayne

Chris Apr 22nd 2008 5:54PM

Why do you vote Republican?? This is a financial disaster that Bush and Co. don't care about!that happened on thier watch.
By the way do any of you remember another one called the Savings and Loan.Wasn't a bush involved there as well?? If you are working class you are just cannon fodder and grist for the mill!! By the way think about your medical care which you can't afford!! i feel sorry for you , but use some common sense when you vote this time!!

JOHN Aug 25th 2008 2:30PM

Chris, Bush has been in office for 8 years, 6 of which consumer confidence was high, gas was $2.20 a gallon and the unemployment rate was 4.5%. In 2006 Americans voted in a DEMOCRATIC CONGRESS. NOW, consumer confidence has plummeted gas is $3.50 unemployment is up to 5% American households have seen their home equity drop by $12 trillon and 1% of American homes are in foreclosure. Good job Dems. Keep up the good work!

FRED DEN Apr 22nd 2008 6:25PM

I BID $1,200 DOLLARS, THE AMOUNT I WILL RECIEVE FROM BUSH'S 'ECONOMIC STIMULUS PLAN'. PLEASE KEEP THE LAWN WATERED UNTIL I AM ABLE TO SEND THE CHECK. HOW COMFORTING TO KNOW ALL WILL BE WELL FOR MY FAMILY IN THE FUTURE.

dwan Apr 22nd 2008 6:33PM

The financial state that you/we are in has nothing to do with some abstract concept (i.e. republican, rich people, conspiracy). It is due directly to human greed. Every wants what they want, when they want it & then wants some else to fix the booboo when it all falls apart. Here is a novel idea that will make everyone richer than they are right now. Drop the lights & Drum roll please - Stop spending more money than you make! Anyone who went through the 3rd grade should be able to figure out the math.

ann Apr 22nd 2008 6:41PM

I am so tired of hearing people blame everyone but the consumer for what is happening in the mortgage and credit industry. The real problem? Greed, and no sense of responsibility! So many people had to have that big beautiful house and didn't look at what they could afford. It shouldn't matter what somebody tells you you can afford, you know your financial situation better than a broker. And now the popular answer? Walk away. How a person can justify walking away from a home because it is not worth what they paid for it or because they have to struggle to keep it is beyond me! Time to stand up America and own up to your commitments before the whole economy shatters!

KIM Apr 22nd 2008 8:53PM

I am sick of our city, county, state and goverment (so called) representatives who are suppose to have the well- being of the citizens (whom they receive a paycheck to represent) of this countries best interest at heart first and foremost. All seem to have decided that favors for individuals to whom favors and information of financial gain are their objective. It all seems to be about the "ALL MIGHTY BUCK". The pensions or retirement our so called representitive receive are worth more than the majority of their citizen's life-time salaries. Not to mention the perks during the time they hold these positions. The perks of information they are privy to allow them to avoid the financial downfalls and profit from financial upswings unlike the ordianry individual who is trying to work and support their families. Our representatives have to work very few hours to earn the financial gain they receive for making these decisions for us. And the majority of us are going under. Cities, counties and states are raising fee's and taxes for every imaginable reason they can come up with. They use wording to describe these additional costs that disguises the definition so that citizens can't use the no taxation without representation claim. Our city enacted a City User Fee by doing this. If you work inside the city limits you must pay $3.00 per week for using the City's streets to drive on to get to your place of employment. This allows them to collect from a larger group of people. Inside and out of the city limits. Every year the fee gets higher. It started out at $1.00 a week and is now up to $3.00 per week for EVERYONE in your household who works inside the city limits even if you ride together. It is automatically deducted from your paycheck by your employer who submits the fee's to the city. Oh, by the way our govenor, legislators, police officers and other select groups of individuals are immune from paying this fee. I just wonder how long this all will go on before the ordinary people will say no more to this what seems never ending fiasco of getting rich off of the little people? Has anyone seen any of our cities, counties, state or countries representatives Big and Small having to file bancruptcy or loose their homes and cars? Our country seems to be so financially well off we can help starving, sick or homeless individuals in other countries but, can't keep food, gas or health care at an affordable level so the everyday working individual (who isn't asking for a handout) can feed, house, and provide medical necessaties for their loved ones.

Linda Apr 23rd 2008 2:22AM

Here's a novel idea! Get rid of the credit card companies & the outragious intrest rates that the gov. allows them to charge! Start in school teaching our teen that their parents didn't get everything as soon as they were out of school, they had to work for it and accumulate it over time. Why do kids today think they can't start out with a used car or hand-me-down furniture?

Steve Scharfe Apr 22nd 2008 7:14PM

Why don't you people stop blaming George bush for your problems and take some responsibility yourselves...? You're all grown-ups...you knew that you were getting in over your head when you signed that loan. Some folks won, some lost...it's just another form of gambling!

kay Apr 22nd 2008 8:15PM

I thank God daily that my parents & life experiences taught me to live healthily and happily on what ever I have, or can afford to save-up & pay cash for (without distress)! Life has it's ups & downs; we all KNOW this and should plan & save accordingly! Most Americans refuse to wait, want or save for anything; thus they have taken themselves and this country down bu overspeending, debt, bankruptcy, and utter wastfulness! Why MUST you have so MUCH MORE than you can pay for? Empires are not meant for everyone, and are not built in a year, or two; they take a lifetime of good planning & afordability! If you work 24/7, obviously your wants are totally over exagerrated, and your purchases are beyond non-sensical! Separate your wants from your NEEDS, prioritise, and make amends accordingly! It will not kill you to turn off the TV cable, read books, eat leftovers, drink water/tea, drive a used/older car, cut your own grass, go without manicures & spa's, bars & golf, movies/shows, cigarettes & booze, expensive trips & vacations... Just eat healthful foods, excercise for fun, read books, walk, socialize, do good works for others in your community, work on your Spiritual Health, and live on a budget like all the rest of the people in the world do; contentedly! If immigrants and singles can do it ALL, by THEMSELVES, couples should be doing better than twice as well! I live in ALONE the most expensive place in the world, with a very good, enriched, happy life, and pay HIGH rent (rent to own plan) & utilities! I've travelled the globe extensively for 35 years, and seen that most people live happily according to thier means; so why can't Americans? It's done by getting your Spirit in balance, and living in contentment, simply according to your means!!! If you've created a life that makes you miserable, GET REAL & GET HELP NOW: see a budget specialist immediately, then a psychologist, and clergy to help you lighten your loads (financially-mentally-spiritually), and a nutritionist/naturopath to help you with stress/health effects from an burdened life! Consider a yard/ebay sale to rid yourself of clutter & things you dont need or use, so you can think more clearly, move more freely, live cleaner (more simple), and breath much easier! Find THE WAY to live in contentment, with or without... It's all inside of YOU! Put your life in perspective and count your blessings daily... (MUCH of the worlds population live on less than a bowl of rice daily, and in ramshackle huts with dirt/dung floors)!
May God bless, help, keep, and comfort you all in the difficult times ahead...

HELEN Apr 22nd 2008 8:50PM

While Bush may not be directly responsible, the example that is set is one that only the rich are important, per our President. So people tried to cheat their way to the upper 3%. gambled and lost. It was encouraged. Greed is not good. Home ownership is only good if you can afford it.

brenda Apr 22nd 2008 9:37PM

not every one is careless re home buying some lost their freakin jobs or had major illnesses in family!!!the banks are ruthless and greedy like the ins companies we can help the foreigners but not americans i went beyond 3rd grade and know that for a fact i blame the companies that gave people mortgages knowing they would bottom up they do this knowing the younger ones can do it all over again but wont help older americans that have worked all their lives!!! they figure if a younger person goes bankrupt or default so what they have 30-40 yrs to do it again not us old farts! screw the banks like wells fargo!!! morons!!!!we support the banks and put our hard earned monies in them jerks!!!!

brenda Apr 22nd 2008 9:42PM

too bad the realtors and mortgage companies and ins got greedy i feel bad for people that are struggling and might end up homeless and the banks are suppose to work with people they dont always do this but threaten people with collections and foreclosures they loose!! they dont collect interest for 30 yrs!!!

brenda Apr 22nd 2008 9:41PM

now landlords will be greedy take advantage of people also sad sad!!!

brenda Apr 22nd 2008 9:56PM

harold call foreclosure solutions out of col springs they care! forget the banks

brenda Apr 22nd 2008 9:59PM

we dont live beyond our means! things happen and life happens we had death illness job loss and we struggled bush can send millions over seas but screw his own people us americans i didnt vote for him wonder why? duh!!!the landlords that take advantage of us are godless also

brenda Apr 22nd 2008 10:20PM

i remember when communities got together and saved neighbors homes and local banks did also not anymore sad sad we need to go back to the way america was in some ways helping each other with love kindness and caring greed has taken over our country american dream? where???

Bobby Apr 23rd 2008 7:43PM

The Bush administration mandated conditions to give americans opportunities to become home owners. At the beginning of his second term he addressed the nation of the efforts to do so. No one had objections at that time, interest rates & money flow were good & america was fine with it.

Bush doesn't fill out loan apps. He doesn't serve on corporate boards across america shaping private enterprise decisions.

Now the nation's screaming for gov't regulation of the banking system & mortgage loan processing. Fannie Mae & Freddie Mac are hanging in the balance with upcoming losses possibly in the trillions.

This has absolutely nothing to do with our gov't that we constantly use as a political scapegoat constantly when 100% of this is tied to PRIVATE enterprise throughout America.

If you're fortunate enough to sustain this down time, do it. If you're not God bless you & think very hard of future ramifications of personal decision making. We the people are America, our actions shape & from decision making on all levels,, hang in there... You can't safeguard against corruption, but you can assume to guide your destiny in a more responsible way...

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