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Mike Tyson News: Tyson's Paradise Valley home sold

Posted on Friday, April 13, 2007 @ 15:04:44 UTC by tysonian
Source: azcentral

Boxer Mike Tyson has sold his Paradise Valley house for $2.339 million just two years after he paid $2.1 million for the mountainside enclave.

The 7,788-square-foot property was built in 1988. It sits on the west side of Mummy Mountain behind a private gate at the end of a cul de sac. The main house has five bedrooms, a game room and a library. There's also a guest house and a four-car garage.

It's very well built and sits on a gorgeous lot,'' said Kris LaCroix of the Equitable Real Estate Co. She had the listing and also noted that it was a pleasure'' working with Tyson on the sale.

The property initially listed for $2.45 million, LaCroix said. It was on the market for more than 110 days, according to the Arizona Regional Multiple Listing Service. The MLS average market time for single-family homes in March was 92.59 days, though agents that specialize in top end houses say those properties typically take longer to sell since the buyer pool is smaller and more picky.

Thomas M. Connelly, a Phoenix attorney representing Tyson in that case, said that as far as he knows, the decision to sell the house had been made before the arrest. There's no relationship between that (the house sale) and the incident we're defending,'' he said. Tyson bought the house in May of 2005. A limited liability partnership called Oppenheimer Partners Properties is the new owner. The company is controlled by Eric Hamburger and Karl Haytcher, according to state records.

The media made a commotion when Tyson began building a pigeon coop in the backyard of the house shortly after buying it. He didn't have the proper permits, but his representatives later filed for a building permit for a coop that was expected to house 85 to 100 birds.

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