Onetime Capital Group chief Larry Clemmensen sold his Arizona estate this spring. The exec accepted an offer of $17.5 million on the property, which had been listed with a $21 million asking price when it hit the market early last fall.

The Paradise Valley estate is anchored by a custom-built, 16,000 square foot house. Inside and out, the home is grandiose beyond belief. The sense of space is occasionally arresting; the ornate ceiling in the great room soars, and the kitchen’s cathedral ceiling features exposed trussing.

Other notable details include herringbone-pattern tile in the wine room, hardwood paneling, a tin ceiling and a copper wet bar in the library, and an ornate inlaid oak floor in the living room and master bedroom. The home contains at least four marble fireplaces.

The lot extends to about five acres. Its recreational amenities include a series of sports options: a basketball court, a tennis court, a 75’ lap pool; a soccer field is somehow worked into the grounds.

Most charming, perhaps, is the guest house, which follows through from the style of the main house, but does so a bit more quietly. The rustic-but-refined cottage boasts exposed beams, a kitchen outfitted with vintage appliances, and oak floors.

Capital Group is one of the largest financial services firms, with assets under management exceeding $2 trillion.