The only green found around the Rockridge Estate these days are the patches of AstroTurf where Scott Coles and Co. used to putt a few after a day's work at (the now defunct) Mortgages Ltd.
The home (with four patios, 33 bath fixtures and a nine-car garage) rests on 10 acres of land (with an 18-hole executive golf course and a 6,901 sq ft pool). In its prime, it was well known for lavish celebrity parties and tendencies to irk the otherwise-quiet neighborhood.
But the lot on Rockridge road fell into disrepair after Coles' suicide in 2008 -- a condition he threatened his neighbors with shortly before his death.
According to the Maricopa County Assessor's website, the property is still owned by SM Coles LLC. Today, the residence is barely viewable from the street through the thick, brown brush. The resort-style home fit for a king and 2,000 of his friends, looks as if has been literally untouched since it went up for auction in December, 2008.
Zillow Mortgage Marketplace estimates the property's worth $3.18 million -- a loss of $1.85 million in the last 30 days. While the economy is certainly a factor, the lack of upkeep can't help.
SM Coles LLC filed for Chapter 11 bankruptcy in 2008. There's no word on a property sale or even a face lift, which should be easy enough to perform in Arcadia.
