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Lisa Shields And Scott Riddle Acquire 32 Biltmore Estates From Elisa Stephens Revocable Trust For $5 Million

Property Image
SOLD
$5,000,000
DW
Frank Aazami

Arizona

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Single Family10,030 SF
Sold 01/14/2025
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Property Image
SOLD

Lisa Shields And Scott Riddle Acquire 32 Biltmore Estates From Elisa Stephens Revocable Trust For $5 Million

32 Biltmore Estates

See Similar Deals
Single Family10,030 SF
Sold 01/14/2025
DW
Frank Aazami
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Single Family
Price Per Square Foot:$498
Total Square Footage:10,030 SF
Transaction Type:Sale

The property asset involved in the transaction is a single-family mansion located at 32 Biltmore Estates, Phoenix, AZ. The sale price was $5,000,000. The mansion spans 10,030 square feet, indicating a price per square foot of $499.

Summary of transaction details:

Lisa Shields and Scott Riddle are the new owners, who intend to use the mansion as their primary residence. The sellers were represented by the Elisa Stephens Revocable Trust. The transaction was facilitated by Dinesh Wilson and Frank Aazami of Sotheby's International Realty.

Players

DW
Sotheby's International Realty
Dinesh Wilson
2 deals$11.3M volume
BROKER
Frank Aazami
Frank Aazami
3 deals$18M volume(480) 266-0240
BROKER

Details

SOLD
IMAGE: 01/14/2025 ADDRESS: 32 Biltmore Estates MARKET: Phoenix, AZ ASSET TYPE: Single Family BUYER: Lisa Shields & Scott Riddle SELLER: Elisa Stephens Revocable Trust BROKERS: Dinesh Wilson & Frank Aazami - Sotheby's International Realty SALE PRICE: $5,000,000 SF: 10,030 ~ PPSF: $499 NOTE: The 10,030-square-foot Rockefeller-built mansion in Arizona Biltmore Estates sold for $5 million. The new owners, Lisa Shields and Scott Riddle, plan to make it their primary residence, drawn to its historic architecture and connection to the Rockefeller family.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61