Tucson real estate : Stone Canyon mansion sells for 30% of original list price

Tucson real estate : 1130 Tortolita Mountain Circle recently sold for $1,300,000 ($177/sqft) which is 30% of its original list price.  The home located in the super luxury gated community of Stone ,anyon (Oro Valley) was first listed for $4,200,000 in 12/07.  This 7,312 sq ft home had a series of price reductions and eventually fell into foreclosure. For a home in the Stone Canyon subdivision to sell below $200/sqft is unusual.

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana home sales.

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