Phoenix‘s “Merry Christmas House” Relisted for $24 Million
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A sprawling estate in Phoenix, Arizona, known locally as the “Merry Christmas House,” has returned to the market with a reduced asking price of $24 million.The 24-acre property,located atop Camelback Mountain,offers a unique blend of history adn festive tradition.
The residence at 5500 N. Dromedary Road gained its beloved nickname due to a decades-long tradition of elaborate holiday displays.According to Rebecca Clayton Hoyt of Retsy | Forbes Global Properties, the previous owners would adorn the property’s cliffside with towering, 10-foot-tall illuminated “Merry Christmas” signs during December and a “Happy New Year” sign in January. These displays were visible for miles,captivating drivers along Camelback and Indian School roads between 32nd and 68th streets.
Price Adjustment and Market Strategy
The current listing represents a shift in strategy for co-listing agents Hoyt and Shawna Warner. Thay initially listed the home for $30 million, but removed it from the market in early September after several months with no sale. The price reduction to $24 million, effective Nov. 21,signals a renewed effort to attract buyers.
“The market dictates pricing, and we’re responding to that,” a real estate industry source commented. “Sometimes, a strategic pullback and relaunch can generate renewed interest.”
A Mid-Century Modern Landmark
Built in the 1950s, the estate offers a substantial land parcel in a highly desirable location. The property’s history and the enduring legacy of the “Merry christmas House” contribute to its unique appeal. The expansive grounds provide privacy and breathtaking views, making it a coveted address within the Phoenix metropolitan area.
why is the property back on the market? The “Merry Christmas House” was initially listed for $30 million but failed to attract a buyer after several months. Co-listing agents Rebecca Clayton Hoyt and Shawna Warner removed the listing in September and relisted it on November 21st with a reduced price of $24 million, responding to market conditions.
Who is involved? Rebecca Clayton Hoyt and Shawna Warner of Retsy | Forbes Global Properties are the co-listing agents. The previous owners established the tradition of the elaborate holiday displays.An unnamed real estate industry source provided commentary on the market strategy.
What is the property? The property is a 24-acre estate located on Camelback Mountain in phoenix, Arizona. It’s a mid-century modern residence known as the “Merry Christmas house” due to its decades-long tradition of festive holiday light displays.
How did this tradition end? The article does not state that the tradition has ended, only that the property is for sale. The future of the displays is unknown and will depend on the new owner. The tradition was started by previous owners and captivated local drivers for years.
This story is posted in partnership with phoenix Business Journal. Click to read the full story.
