Many Will Be “Re-Evaluating”
From the WSJ:
“We decided it was best to stay on the sidelines for the time being” after re-evaluating the market, says Mr. Moorad. The 55-year-old former sports agent, whose clients included Manny Ramirez and NFL quarterback Steve Young, says he built the majority of structures on the five-acre property.
The Paradise Valley, Ariz., property includes a single-story, seven-bedroom main house and a guest house that total about 16,000 square feet. There’s a basketball court, tennis court and a palm tree-lined pool. Mr. Moorad’s family partnership bought the property in 2005 for $9.43 million. Ownership was transferred to Mr. Moorad and his wife, Jan, in 2007 for $13 million.
Mr. Moorad, who was chief executive of the Arizona Diamondbacks, put the home on the market after he bought the Padres and moved to La Jolla, Calif. Bob Hassett of Russ Lyon Sotheby’s International Realty had the listing.
More photos here.