An unfinished mansion built by a tech entrepreneur that will boast the first ever residential IMAX theater sold for $5 million this month.
The home sits on 14 acres, is 25,000 square feet, and boasts seven bedrooms and 12 bathrooms.
Tech Entrepreneur Jason Hope began building the lavish estate five years ago but construction was halted in 2011 after his company Jawa was under fire for allegedly costing cell phone users millions of dollars in a text messaging scheme, reports The New York Daily News.
Luxury home: An unfinished mansion built by a tech entrepreneur sold for $5 million this week. The home sits on 14 acres is 25,000 square feet and boasts 7 bedrooms and 12 bathrooms.
For the kids: Pictured here is what appears to computerized rendering plans for a children's room or play room in the large home
Bird's eye view: MSL LLC, led by Idaho developer Michael Matzek, bought the property. Matzek already lives in the Silverleaf community of Arizona and plans to rent out the mansion once the construction is complete
Million dollar help: Scott Grigg was able to sell the home with the help of reality TV star real estate agents Matt and Josh Altman who are on Bravo's 'Million Dollar Listing'
Fun and games: The original building plan for the home included nine buildings with connecting tunnels, an IMAX theater, an indoor bowling alley, and a spa
The Texas Attorney General and Verizon both filed lawsuits against Hope. The suit was settled in 2012 but Hope did not add to the construction of the mansion which became known as Lot 1882 to neighbors, according to AZ Central.
The original building plan for the home included nine buildings with connecting tunnels, the first ever residential IMAX theater, an indoor bowling alley, and a spa.
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ShareMSL LLC, led by Idaho developer Michael Matzek, bought the property.
Matzek already lives in the Silverleaf community of Arizona and plans to rent out the mansion once the construction is complete.
'A savvy investor was needed for this property,' said Valley real estate agent Scott Grigg of The Grigg's Group.
'The original plans for the home were pretty impressive, but it's far from complete.'
Full speed ahead: This room of the million dollar property is where the owner may keep his or her luxury vehicles
Halted construction: Tech Entrepreneur Jason Hope began building the lavish estate five years ago but construction was halted in 2011
Building plans: This computerized image or a bar shows what that home could look like once construction is complete
Lucky day: The final plans for the home include and indoor casino
Good night's rest: The gigantic property boasts seven bedrooms and is on 14 acres of land
Grigg was able to sell the home with the help of reality TV star real estate agents Matt and Josh Altman who are on Bravo's 'Million Dollar Listing.'
The property has already hosted a number of celebrities. In December of 2010, Hope held a Christmas that featured a performance by the rapper Ludacris.
Also in attendance at the star-studded bash was Snooki from the show 'Jersey Shore' and Caitlyn Jenner from 'Keeping Up with The Kardashians.'
Lots of space: Should someone decide to rent the house they will have plenty of room for clothes
Indoor fountain: The home will be complete with an array of luxury accents
Relax: The swimming pool will have numerous pathways in and out of the home
The property has already hosted a number of celebrities. In December of 2010, Hope held a Christmas party at which Ludacris performed. Pictured here is a wine cellar which may be built in the home
Imax: One of the many amenities the home will have is an IMAX theater - the first ever residential theater of its kind
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