It's never good karma to root for someone else's misfortune, but if the misfortune has already happened somebody has to pick up the pieces.
This three-bedroom, three-bathroom, 3,600-sqft villa in North Scottsdale's Tonto Verde retirement community is listed as a foreclosure sale at $749,000 -- a little more than half the price a buyer paid for the property in 2006.
It has all of the standard modern amenities -- chef's kitchen, wine cellar, library and outdoor courtyard -- along with two standout features that might make it the perfect choice for the 55-and-over couple with a close-but-not-too-close relationship with grown children. Visitors can stay in their own 450-sqft guest house, and the home's three-car attached garage is perfect for a vintage hot rod to take advantage of Scottsdale's 325 annual days of sun.
The only disadvantage is that at least one property resident has to be 55 -- which narrows the pool of potential buyers -- but also helps keep neighbors' late-night keggers to a minimum.
Residents have access to Tonto Verde's two Gary Panks-David Graham courses, the Peaks and the Ranch. Make the right friends in the area and you could drive 15 minutes west and go play Whisper Rock or Estancia.