PHOENIX — One of the largest mansions in the Phoenix area is on the market for $25 million, but the owner's business manager said the buyer will need to do some fixing up even before moving in.
The 52,000-square-foot McCune Mansion is located on six acres in exclusive Paradise Valley.
Built in 1962 by Walker McCune, heir to the Pennzoil Oil fortune, the home has an indoor ice rink, a 150-seat movie theater, a racquetball court, a recording studio and 37 bathrooms.
The home is now owned by the family of George "Geordie" Hormel, a philanthropist and heir to the Hormel Foods Corp. fortune who died in February at age 77. Hormel lived at the McCune Mansion with his wife, Jamie, and two children from 1991 to 2000, said Shirley Silva, the family business manager.
"Geordie loved this property," Silva said.
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The Hormels moved out with the intention of remodeling the property, but delayed the vast project.
"It's kind of dated," Silva said, noting that the mansion's utility bill was as high as $17,000 a month before the heating and air conditioning system was upgraded.
Angela Zampino of Realty Executives has the listing and said the price reflects the needed renovation.
