My stomach tightened, and I slowly began circling on my bike in the middle of Farmer Avenue, hoping that I hadn't seen what I thought I'd seen.
But there it was in big letters: Steve Tseffos.
The bulldozer-loving Realtor/developer was indeed in charge of the sale of this rare, two-story adobe home framed by magnificent trees spread across three-quarters of an acre in the heart of Tempe's oldest neighborhood. The Farmer-Goodwin mansion was built in 1883 and was the home of the first principal of what is now Arizona State University.
A former newspaper reporter who later worked as spokesman for state Attorney General Grant Woods in the early 1990s, Tseffos transformed himself into a money-grubbing developer who single-handedly infuriated residents of an old Tempe neighborhood west of Mill Avenue with his aggressive redevelopment plans.
Tseffos once told me he wanted to bulldoze several blocks in Tempe's Maple/Ash neighborhood to make way for high-density apartment and condominium projects in the heart of the city's coolest neighborhood where a century of flood irrigation has spawned massive trees and lush landscapes.
Tseffos' aggressive development plans worried community activists to the point that they formed their own company dedicated to buying property in the neighborhood before Tseffos could get his hands on it.
It's a high-stakes monopoly game, especially with soaring real estate prices that have turned what were $70,000 homes 20 years ago into $500,000 investment properties.
Now Tseffos has his grips on Tempe's crown jewel -- the second-oldest existing home in the city and one of the most important historic structures in the state. The Farmer-Goodwin mansion has been listed on the National Register of Historic Places since 1972.
Tseffos assures me that he is doing everything he can to make sure the house is sold to a party that intends to keep it standing rather than tear it down and build trendy, high-end lofts that are popping up all over the downtown area.
"The goal here is to save the building," Tseffos says.
I'd like to believe him.
But I don't.
Tseffos has a less than stellar reputation. In 1993, while working as spokesman for Grant Woods, Tseffos disguised his voice with a Southern drawl and berated Woods' political rival J. Fife Symington III to a radio talk-show host.
Despite numerous sources stating it was Tseffos who made the unethical call, Tseffos denied to my colleague Paul Rubin that he was involved in the political dirty trick.
Tseffos later resigned as Woods' press secretary after he got tangled up in a gambling and misappropriation-of-funds scandal in the Attorney General's Office. Out of the limelight of politics, Tseffos quickly turned his attention to real estate.
Ironically, it was politics that led Tseffos to the listing for the Farmer-Goodwin mansion. While standing in a long line to vote in the presidential election, Tseffos ended up next to one of the mansion's owners, Pat Alexander.
Alexander and her husband, Norm Drazy, purchased the then-dilapidated property in 1993 for $150,000 and spent the next 11 years restoring the 3,330-square-foot structure. They invested another $150,000 or so in the home and countless hours of sweat equity. They also received $30,000 in state and federal historic-preservation grants.
What started as a dream ended in a nightmare for the couple who are now in the midst of a contentious divorce complete with restraining orders. As a result, their labor of love has to be sold.
Alexander tells me she was impressed with the silver-tongued Tseffos from her chance meeting on Election Day, and she and Drazy signed a contract with him to market the property last December 15.
Rather than focusing on selling the house as a historic property, Tseffos began hyping the value of the underlying zoning and the potential to convert the residential property to even more lucrative commercial zoning.
He slapped on an aggressive listing price of $899,000 -- which seems somewhat high, especially since the interior of the property still needs significant restoration work.
Immediately after Tseffos secured the Farmer-Goodwin listing, he and his Realtor wife, Dina, persuaded the owners of an adjacent property to let them offer their property for sale. Now Tseffos had a contiguous acre of prime real estate in the heart of Tempe's most historic neighborhood.
Tseffos quickly posted three signs in front of the mansion and the adjacent property -- prominently promoting the high-density residential zoning.
Tseffos' strategy has Joe Nucci, Tempe's historic preservation officer, deeply concerned.