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Property

$20M Paradise Valley home to be auctioned in June

Posted 5/31/23

This June, Russ Lyon Sotheby’s International Realty is partnering with Concierge Auctions as a luxurious property in Paradise Valley goes up for sale.

The estate at 8100 N. 68th Street in …

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Property

$20M Paradise Valley home to be auctioned in June

Posted

This June, Russ Lyon Sotheby’s International Realty is partnering with Concierge Auctions as a luxurious property in Paradise Valley goes up for sale.

The estate at 8100 N. 68th Street in Paradise Valley is listed for $20 million by Agent Frank Aazami of Russ Lyon Sotheby’s, according to a press release. It’s a one-of-a-kind property inspired by J. Paul Getty’s Roman 17th-century villa La Posta Vecchia. Situated in the Camelback Country Club Estates neighborhood, the property spans 2.12 acres and has 17,912 square feet of floor space with five bedrooms, seven full bathrooms and one-half bathroom inside.

“Ten years in the making, Casa Oso Negro — a true masterpiece of architecture with unparalleled Roman-inspired craftsmanship — was designed and formally used as a family office destination and was then repurposed as a private hideaway/personal resort,” Aazami said in the release. “I am thrilled to once again be working with Sotheby’s Concierge Auctions to find the next owner of this one-of-a-kind property.”

This will be Aazami’s second time selling the property. With yearly sales volumes exceeding $300 million, Aazami has earned a reputation of selling Arizona’s finest properties.

Bidding opens for this property on June 7 at 4 p.m. EDT. Register to bid and learn more about the process on Sotheby’s Concierge Auctions website. Online bidding will continue for the next week, with bidding set to culminate on June 14 in person at Sotheby’s in New York. Bidding will also be available via Sotheby’s Concierge Auctions’ online marketplace, conciergeauctions.com, allowing buyers to bid digitally from anywhere in the world. The reserve price for this property at auction is $12 million.

Casa Oso Negro is available for showings Saturday and Sunday from 12–2 p.m. PST, by appointment in person or virtually.

The estate’s private architecture winds around two interior courtyards in the height of stately Mediterranean luxury. It has a hand-tiled pool, fountain and garden courtyard. The courtyards are bracketed by arched loggia, providing an elegant surrounding for alfresco dining, cooking and living.

The courtyards are only part of the story; the interior is a work of art, the release stated. It exemplifies craftsmanship from the library millwork to the coffered ceilings to the bookend marble floors. The chef’s kitchen merges beauty and function, with a long list of pragmatic luxuries ending with a primary sanctuary containing an ensuite bath.

Casa Oso Negro works just as well as a private compound as it does a corporate hideaway resort.

Of the many properties that Russ Lyon Sotheby’s International Realty represents, Casa Oso Negro is amongst the most opulent in its storied history in Arizona, according to the release.