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Scottsdale Foreclosures Include Million Dollar Mansions

by Melanie Johnston on December 14, 2009

If your dream has been to own a million dollar mansion in Scottsdale, 2010 can be the year your dream comes true.

There are approximately 30 bank-owned foreclosures in Scottsdale listed at over $1 million. And if your tastes are palatial, Scottsdale’s most expensive foreclosure, a 13,700-square-foot estate in the tony Silverleaf enclave of DC Ranch (shown below) might be just what you are looking for.

Scottsdale's priciest foreclosure is this beautiful estate on 2 acres in the foothills of the McDowell Mountains.

Scottsdale's priciest foreclosure is this beautiful estate on 2.5 acres in the foothills of the McDowell Mountains in Silverleaf, the very upper crust of DC Ranch. The master bedroom alone is 3,800 square feet.

And more million dollar mansions and high-rise penthouses are likely to be headed to foreclosure auctions as people who had more resources to fall back on during this year of economic sucker punches find those resources are running dry.

As always, one man’s misfortune creates another man’s buy of the century. Click to shop all current Scottsdale million dollar mansion foreclosures. Some are clearly better buys than others. And whatever price a home is listed at, remember that’s just a jumping off point for negotiations—no matter how many zeros in the price.

As a Certified Negotiation Expert, I would be pleased to help you find the best deal on your Scottsdale estate. Call me on my hotline, 480-241-0241, to take the first step toward making the best investment for you.

And if you want to see all Scottsdale foreclosures on the market now, visit my Foreclosures page.

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