DONE DEALS

Former Wells Fargo CEO pays $3.775M cash for Paradise Valley home

Catherine Reagor
The Republic | azcentral.com
Former Chairman and CEO of Wells Fargo John Stumpf.

Outdoor showers, glass garage doors and decked-out wine rooms are among the features in this week's most expensive house sales in metropolitan Phoenix.

$3,775,000

John Stumpf, the former CEO of Wells Fargo who stepped down after the bank's scandal over selling services to customers without their knowledge, bought a Paradise Valley house with his wife, Ruth, through a family trust. The 3,946-square-foot house has three bedrooms and four bathrooms. There's little information available on the house, located near Mummy Mountain. R-P Arizona Investments LLC sold the house. It was renovated in 2015, according to public real estate records. Stumpf left Wells Fargo in 2016 with a $134 million retirement package.

MORE: Fountain Hills 'Butterfly home' sells to Chinese buyer for $3.3M

$2,795,000

Neil and Gailee Fizpatrick bought a 4,700-square-foot Mediterranean-style house with a stone facade next to the Silverleaf Club in north Scottsdale's DC Ranch community. The house has beam ceilings, antique fountains, multiple private courtyards, French limestone counter tops, mahogany doors and a game room with a bar and wine room. It was sold by Sarah Pappas.

$2,675,000

Sarah Pappas, who sold the second priciest home this week, bought another home in DC Ranch's Silverleaf for $120,000 less than the one she sold nearby. Her newest address is a 5,430-square-foot Spanish Colonial-style house that has a large outdoor living area, four bedrooms and five bathrooms. Gary and Dianne Linthicum of Linthicum Builders sold the house.

$2,525,000

Michael and Sharron Weakley of Cambria, California, bought a 6,370-square-foot Paradise Valley house with plank-and-beam vaulted ceilings, an open-air outdoor shower next to a waterfall-edge pool, a guest house with a glass garage entry door, a wine room and loft office with balcony. Dr. Craig Norquist and his wife, Laura, sold the house, which has five bedrooms and six bathrooms.

MORE: Arizona Cardinals' Larry Fitzgerald selling Paradise Valley home for $5M

$2,303,993

Norma James bought a new house in north Scottsdale's White Horse community, north of DC Ranch. The seller was White Horse 50 LLC. Camelot Homes is developing the gated community that plans for 50 houses on half-acre lots. The new houses will range in size from 4,000 to 6,000 square feet.

Catherine Reagor and The Information Market researched this report. 

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