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03/27/10
Chateaux on Central sold for $7 million
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:30 pm

Phoenix’s cluster of brick minimansions called Chateaux on Central has a new owner. Wisconsin-based MSI West Investments paid $7 million for the 21 homes with elevators and rooftop terraces.

The high-profile project was started during the housing boom. Then, plans called for the homes, some with turrets and wine cellars, to each sell for $2.8 million and higher. The current deal breaks down to less than $350,000 a home.   more…


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