Jon Huntsman Senior selling Deer Valley home for 43 million
April 24, 2011 - Utah
By Juliet Chung from The Wall Street Journal Asia
Billionaire Jon Huntsman Sr. has lowered the asking price on his Deer Valley, Utah, retreat.
The 64-acre property in the ski-resort area was originally listed for $55 million in 2009; with about four fewer acres, it's now offered for $42.8 million.
The founder of chemical maker Huntsman Corp. bought the property in 1986 as a retreat for his nine children-including Ambassador to China Jon Huntsman Jr.-and their families.
He built the 22,000-square-foot, 12-bedroom home from timber reclaimed from Yellowstone National Park. The home has an indoor pool and a 22-car garage. The land is zoned for development.
The new price is "more realistic," said Deedee Corradini of Prudential Utah Real Estate, the former listing agent; she remains involved with the property.
Paul Benson and Shane Herbert of Summit Sotheby's International Realty have the listing.
This article has been republished from Wall Street Journal
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