Russ Lyon Sothebys International has sold 4085 N Black Rock Drive for $1,125,000 on August 16th. This 3,401 semi-custom Monterey-built contemporary sits on the ridge and has both high Catalina Mountain and sparkling city light views. Some nice features include a 3 car garage and a pool.
4207 N Sabino Mountain Drive sold for $1,575,000. This ridge-top home was listed by Long Realty for $1,750,000 but sold for 175K less than the asking price. It did not take long to sell it but it has been unusual for Sabino Mountain homes to sell for 10% less than the asking price. The real estate market is not as hot as it was a year ago but it is still much better than it has been for a long time for luxury homes that used to take many months to sell with not so much appreciation. Bottom line: the real estate market is still very good for luxury homes in Sabino Mountain.