realestate

Arizona billionaire buys record-breaking estate for $32 million

Mark Matson buys Arizona's priciest mansion for $32.4M, featuring a football-field-sized lot.

F
inancial advisor Mark Matson and his wife, Melissa, have made a record-breaking purchase in Arizona, buying the most expensive mansion ever sold in the state for $32.4 million. The 15,500-square-foot estate, located at 5724 East Mockingbird Lane in Paradise Valley, features an impressive array of amenities, including a football field-sized lawn, two garages for 11 cars, and a parking lot for a dozen more.

    The sellers, Amanda and Vance Williams, simultaneously purchased the Matsons' previous home, a 14,600-square-foot property at 5901 East Edward Lane, for $21 million in cash. The transaction was facilitated by Joshua Peters of Realty One Group and Stately Development, who developed the record-breaking home.

    Matson's new estate boasts eight bedrooms, 12 bathrooms, and a guesthouse with over 1,600 square feet of living space. Other features include a pool, spa, sports courts, gym, wellness center, theater, and two primary suites. The property sits on five acres of land, making it an impressive addition to the exclusive Paradise Valley neighborhood.

    As the founder of Scottsdale-based Matson Money, Mark Matson has built a reputation as a pioneer in the financial industry, rejecting a commission-based business model and instead focusing on fee-only services. His firm manages over $8.6 billion in assets under management. Despite recent declines in the Paradise Valley market, this sale marks a significant milestone for the area's luxury real estate scene.

Arizona billionaire purchases luxurious record-breaking estate in exclusive desert location.