The Okvath family of Gilbert, AZ, recipients of an Extreme Home Makeover in 2005, have listed their Spanish Colonial-style mansion for $1.3 million. Located at 3578 E. Redfield Rd, Gilbert, AZ, 85234, the 5,346 sq. ft. home is on a 1.07-acre lot, has 6 bedrooms, 5.5 baths, and a 3-car garage big enough for four cars. The over-the-top feature is a home theater with seating for 12.
So, why are the Okvaths selling? According to the East Valley Tribune, Bryan Okvath lost his job at a fire extinguishing company, got another one as a truck driver, but injured himself on the job. The family felt it was impossible to keep up with the bills ($1,200/month for electric and $400 for water), so they have listed it.
The couple have seven children and received their home makeover as a surprise when their oldest daughter was battling a rare form of cancer. When she was hospitalized, she asked the show’s producers to do a makeover on some dreary hospital rooms, which they did in unison with giving the Okvath’s a new home.
According to Keller Williams listing agent Tony Moore, the luxury market in the Gilbert area “has a two-year inventory in the pipeline” and obtaining a mortgage for this luxury market is also a challenge. The Zillow Home Value Index for Gilbert, AZ is $189,200, which hit a peak of about $360,000 early in 2006.