Palin confirms investment in Arizona luxury home

June 1, 2011 

PHOENIX - Sarah Palin has confirmed that she is part of a company that purchased a home north of Phoenix, but she said she hasn't moved from Alaska.

Safari Investments LLC paid nearly $1.7 million cash for the five-bedroom, 7,900-square-foot home in rural north Scottsdale in May.

In an interview aired Tuesday night, the former Alaska governor told Fox News Channel's Greta Van Susteren that she is part of Safari Investments and it "has some property in Arizona now."

"You know, many, many Alaskans purchase property in Arizona, Nevada and Texas," Palin said from her bus that has been touring the East Coast. "I think we do that because not only are we good investors, and it's a buyer's market, but we like to thaw out once in a while."

Palin did not reveal any other details, and Van Susteren moved on to another topic.

The Arizona Republic first reported May 21 that Palin may have bought the house, but neither Palin's political action committee nor her lawyer responded to inquiries, and the lawyer who handled the deal declined to comment.

It's common for the wealthy or famous to use a limited liability company to buy property to protect their privacy. Safari Investments was created in Delaware, which doesn't require the individuals associated with an LLC to publicly disclose their names.

The home the company bought sits on more than 4 acres, about half of it still raw desert and featuring huge saguaro cactus and palo verde trees. The two-story house itself has five bedrooms, 6 1/2 baths and a six-car garage. A huge swimming pool sits out back, and a freshly installed jungle gym is installed on the back lawn.

This isn't the first home for the Palin family in Arizona. Daughter Bristol Palin bought a five-bedroom, 3,900-square-foot home in a community about 40 miles south of Phoenix in December.

Republican U.S. Sen. John McCain of Arizona picked Sarah Palin as his running mate during his 2008 presidential bid. There has been talk in Arizona political circles that she may move to the state to anchor a presidential run or try to win the U.S. Senate seat being vacated by Republican Sen. Jon Kyl next year.

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