Bidding starts at $5.9 million for former McCain home in Phoenix
By APSaturday, November 28, 2009
Former McCain home goes up for auction
PHOENIX — A former home of Arizona Sen. John McCain is scheduled to go up for auction next week.
Higgenbotham Auctioneers International says bidding on the Phoenix home will start at $5.9 million. The two-acre property has been appraised at more than $12 million.
The home has 13 bedrooms, 14 baths, two guest homes, a Mediterranean resort style pool and spa area, a seven-car air-conditioned garage and 10 fireplaces.
The home was bought in 1951 by the parents of McCain’s wife, Cindy. The McCains lived there for more than 20 years.
In 2006, the McCains sold the home to an investor for $3.2 million. The buyer then renovated the home, changing its style from southwestern to Mediterranean.
The auction is to be held live at the home next Saturday, along with Internet bidding.
Information from: KNXV-TV, www.knxv.com/
Tags: Arizona, Home Buying, North America, Phoenix, Residential Real Estate, United States