Investing in Phoenix Real Estate in 1977

Let's time-travel back to 1977 and invest in some Phoenix Real Estate. This property is somewhere in the Phoenix area, but I'm not exactly sure just where. If you can figure it out, or if you live there, please let me know!

I found this in the January 21, 1977 edition of Arizona Living, and while I respect the copyright on the editorial content (that is, everything other than the advertising), as an old advertising guy myself I know that there's no way that any advertiser would want to limit their exposure. This is free advertising for Fannin and Associates and Peter Blair, although I'm thinking that this particular property sold a long time ago! Let's take a closer look.

Looks like a nice place. The description doesn't state the square footage, or anything like that, but it comes with 20 1/2 acres of citrus, so it isn't as if you'll be crowded by the neighbors. Plus there's even separate servants quarters. It says "A Spectacular view of Phoenix", so it sits up on a slope, maybe Camelback? I really don't know.

What $180,000 would buy you in Phoenix in 1977

It's a pretty steep price tag, $180,000, but it comes with citrus, which will help to pay the mortgage. I wonder if it has shag carpeting? Hard to tell in the photo, but it probably does.

There's a tack room and a corral, so your horses will be comfortable. Seems like a good value! I'll take it, Mr. Blair! Where do I sign?

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