Former mutual fund guru Peter Lynch won’t be seeing much of a profit on his Scottsdale, Arizona, home that he recently listed for $14 million.
Lynch didn’t divulge exactly how much it cost him to build the vacation house, but he did reveal that costs were close to, but definitely more than, the current asking price.
Situated on 4.5 acres right near the golf course in the gated community of Estancia, Lynch’s home measures in at 11,200 square feet and holds five bedrooms. Other buildings on the estate include a caretaker’s house and a two-bedroom pool house complete with a game room.
The piece de resistance of the property is the custom pool, which boasts a three-story rock waterfall, a 40-foot long waterslide, and an adjoining outdoor dining area with a barbecue.
Lynch purchased four vacant home sites in the gated complex for around $4 million in the early 2000s in order to build the home and its surrounding amenities. In 2005, the house was finished.
Shortly after completion, Lynch snatched up two of the adjacent plots to ensure the home would have uninterrupted views of the surrounding mountains. The other lots are not included in the sale, but they can be acquired in a separate deal should the new owner want to maintain the same level of privacy and uninterrupted views.
The former Fidelity Magellan Fund boss recently became a widow and cited spending time with his family and grandchildren in Boston and California as the reason for listing his Arizona getaway.