Former Arizona Coyotes owner Alex Meruelo has sold off his Paradise Valley mansion for a whopping $30 million.
Meruelo and his wife Liset closed the sale of their 9-acre estate on May 22, the Phoenix Business Journal reported. The couple originally bought the 5815 North Saguaro Road property in 2021 for $12.1 million.
At the time, Meruelo could have been looking to plant roots in the Phoenix area after acquiring majority ownership of the now-defunct Coyotes in 2019. Meruelo sold the team in April 2024 for $1 billion after failing to secure a new home for the National Hockey League team in the region.
The Meruelos’ North Saguaro manse was originally listed in November 2024 for $28.9 million, Joan Levinson of Realty One Group told the Business Journal. It marks one of the largest home transaction prices in Arizona history after another palatial property in Paradise Valley fetched a record-setting $33.5 million in February.
The Meruelos’ estate boasts 15 bedrooms and 16 bathrooms across 22,000 square feet, including a 15,000-square-foot main house and two smaller guest residences. Despite the desert climate, the gated property has more than 100 olive trees, 20 fruit trees and a 1,900-square-foot greenhouse.
The family renovated all three houses on the lot but preserved parts of the main house, which dates back to 1972. The abode features reclaimed wooden floors and beams from a barn in Pennsylvania and an original living room fireplace made of repurposed stonework from a burned-down cathedral in Mexico City.
Meruelo maintains other homes in Paradise Valley. When the Cuban-American billionaire bought the North Saguaro mansion four years ago, he snapped up three other upscale homes in the town for a total of $13 million, according to the Business Journal.
His son, Alex Meruelo Jr., lives in one of the homes at 5102 North Wilkinson Road as he oversees the Tuscon Roadrunners hockey team affiliated with the NHL’s newly formed Utah Mammoth. The elder Meruelo also owns properties at 6116 North 38th Place and 6305 East McDonald Drive.
Meruelo is now in the midst of securing city and county incentives to build a $1 billion sports arena and entertainment complex in Reno, Nevada.
— Chris Malone Méndez
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