Millionaires bid for mountain residence in silent auction - East Valley Tribune: East Valley Local News

Millionaires bid for mountain residence in silent auction

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Posted: Sunday, October 7, 2007 2:29 am | Updated: 6:41 pm, Fri Oct 7, 2011.

The northern face is made almost entirely of glass, offering a view of Arizona desert by day and twinkling Phoenix lights at night.

The 7,500-square-foot floorplan is spacious and open. The-five-and-a-half bathrooms and four bedrooms can accommodate any size family (and their guests).

The game room, workout room and TV room provide ample opportunity for entertainment. The elevator leads from the four-car garage to the upper hall. The wine cellar is empty, but the pool overlooking the city is full. Both kitchens have new appliances.

And all this can be yours for as little as $3.9 million. A steal, really, considering the home is worth $5 million.

The mansion on Camelback Mountain at 5659 N. Camelback Canyon Drive in Phoenix was the site and object of a silent auction Saturday night to benefit the Cystic Fibrosis Foundation. Any amount over the $3.9 million that is raised in the auction will go to the foundation.

Jan Lee Sproat, executive director of the foundation since 1998, said “90 cents of every dollar” the foundation receives goes toward funding research and 114 care centers across the United States, including centers at Phoenix Children’s Hospital and the University Medical Center in Tucson.

Elizabeth Giardina and John Maxie of KWU Investments and Consulting are the owners of the house, according to Christina Jordan, editor of Sonoran Spotlight Magazine and coordinator of the auction. The house was built in 2001, Giardina said.

Jordan said Giardina and Maxie own 16 other luxury homes in the Valley. They rent the homes out for parties, honeymoons, meetings and other events, and the auctioned house has been booked for celebrities’ Super Bowl parties, Jordan said.

“You could pay your mortgage with two parties a month,” Jordan said.

She said billionaires from the Valley were invited to the auction, along with many other multimillionaires and business people.

Mrs. Arizona 2007 Tracy Elliot of Queen Creek greeted guests at the door and later introduced the singer at the event, Vicki Jordan.

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