Asking price for America’s tallest single-family residence – a 124-foot tall tower in Phoenix, Arizona – slashed by 74%; it is somewhat dated but costs nearly nothing to heat and nearly nothing in property taxes either
They say “the bigger, the better” but in the case of Falcon Nest at Prescott in Arizona, it seems as if the tallest single-family residence in America has little appeal given its asking price has been slashed by nearly two thirds during the two years it has been on the market.
Reduced in price from £2.2 million ($2.8 million, €2.6 million or درهم10.3 million) in 2015 to £1.2 million ($1.5 million, €1.4 million or درهم5.5 million) this year, 124-foot tall Falcon Nest is to be auctioned by Concierge Auctions for a minimum price of £581,000 ($750,000, €688,000 or درهم2.8 million) on 25th May. For that, a buyer will not only get a truly unique structure but also views that range over 120 miles as far as the San Francisco Peaks.
Built to the designs of Calcutta born Sukumar Pal, AIA for his own occupation, Falcon Nest took four years to build and was completed in 1994. This was in part due to high winds making it difficult to use cranes on a site that was already at 5,920-foot at its base on the slopes of 6,514-foot tall Thumb Butte – a prominent geographical feature of the Sierra Prieta mountain range – but also because Pal was so stringent about creating a residence that was not only striking architecturally but also one that was energy efficient.
Featuring a tubular tower portion that causes heat to rise and ventilate the residence in the summer but capture it in the winter, Mr Pal, in a video interview, claimed that “heating and cooling [the building] is automatic and without any cost”.
Accommodation in the 24-foot by 24-foot square base, ten-floor residence – linked by a staircase with 144 steps and a hydraulic elevator that provides access to six levels – includes three bedrooms and four bathrooms. Living space is primarily located on a central floor known as ‘the solarium’ that is mostly built of glass so as to catch as much sun as possible and centres around a vast entertaining area described as a ‘great room’.
Falcon Nest stands on a 1.08-acre plot that offers potential for further development and of the existing “multi-functional structure” itself, selling agents Russ Lyon Sotheby’s International Realty suggest there is potential to turn it into a bed and breakfast, ham radio tower, event space or even a ranger station and museum connected to the Prescott National Park.
Of this “architectural and engineering treasure”, which is defined as a ‘palsolaral house’, Mr Pal commented:
“I chose the height, for several reasons: I wanted to enjoy the views but I didn’t want to cover vast areas on the ground as open ground separates the tower from the neighbouring buildings”.
“[But the most] important [reason] is the tax. The tax is proportional to the ground cover of the building. If this building was flat like tortilla, it would have a tremendous tax burden. This building does not have that. It is 6,200 square foot but I’ve been paying much less [tax] because the ground print is so small”.
In a feature on Falcon Nest in March, Lauren Ro of property blog Curbed rather curtly remarked: “Time has not been kind to this property, which feels like it was left behind in the ugly part of the ’90s”. She has a point but anyone wanting to live like the ultimate super-villain could indeed do a lot worse.