A one-of-a-kind property at the base of Arizona’s Superstition Mountains is now on the market for $1.65 million, represented by Global Real Estate Advisors Marina Gamez and Sarah Fye. Tied to two of the state’s most iconic figures – famed artist Theodore “Ted” DeGrazia and the legendary “Lost Dutchman” Jacob Waltz – the estate offers an opportunity to own a slice of Arizona history.
Built in 2004 and set on 1.249 acres of land once owned by both DeGrazia and Waltz, the 3,667-square-foot home includes three bedrooms and 3.5 bathrooms. With panoramic, unobstructed views of the surrounding desert and city lights, the property combines rich heritage with refined modern design.
“This is an iconic Arizona treasure meant to be lived in and loved,” Fye said. “It’s a one-of-a-kind luxury retreat where every detail invites peace, elegance, and connection to the desert’s beauty.”
The residence is thoughtfully appointed with high-end features, including a kitchen outfitted with Black Galaxy granite countertops, a large island with seating for six, a built-in wine rack, and a walk-in pantry.
The primary suite on the ground floor is a private sanctuary with outdoor access and a spa-like bath adorned with Desert Sunrise granite. Upstairs, a second primary suite offers a fireplace, balcony, a sitting area, and a luxurious en suite bath with dual vanities, jetted tub, and a slate-tiled shower.
The detached, temperature-controlled three-car garage includes a full kitchen — featuring cabinetry from DeGrazia’s original studio — as well as a bathroom, walk-in closet, and laundry area. It can serve as an additional bedroom, guest suite, or private studio space.
Handcrafted Saltillo tile, wrought iron railings, Pella low-E dual-pane windows, 8-foot solid wood doors, central vacuum, water softener, reverse osmosis system, and a premium Klipsch surround sound system with built-in subwoofer underscore the home’s elevated character and livability.
“The sweeping views of the Superstition Mountains, visible from nearly every room, are nothing short of cinematic,” Gamez said. “This estate blends art, history, and beauty in a way that can’t be replicated.”
Outside, historic fencing from the original DeGrazia estate lines the property, while a vintage bridge and a powered storage building with ceiling fan add charm and function. A buried 250-gallon propane tank supports the home’s fireplaces, cooktops, and future backyard infrastructure. Learn more at russlyon.com.
