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LAKE HAVASU CITY, AZ — With median home prices hovering around $499,000 in Lake Havasu City, a newly built lakeside estate just sold for a record $4.5 million.
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It surpassed the $4 million previous highest sale price for a residential home in Lake Havasu City, which is three hours west of Phoenix and 2.5 hours south of Las Vegas.
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Scott Grigg, owner of Grigg’s Group Powered by Altman Brothers and co-listing agent on the property, said this milestone is a testament not only to the continued strength of Arizona’s luxury market but also the power of the brokerage’s national presence.
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Read more of this story from the Business Journal.