Castle In Phoenix Sells For $1.5 Million

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Robert Pazderka saw an opportunity when he bought the faux Moorish Castle. Built in the 1960s, it has a dungeon, drawbridge and secret passages. Pazderka hopes it will pay off in PR for his business making armored vehicles.

RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne. Among the many foreclosed properties in Phoenix, a castle on Camelback Mountain would have seemed a tough sale. But Robert Pazderka saw an opportunity when he paid a million and a half dollars for a faux Moorish castle. Built in the 1960s, it has a dungeon, drawbridge and secret passages, though it is a bit of a fixer upper, needing millions in renovations. The new owner hopes it will pay off in PR for his business making armored vehicles. It's MORNING EDITION.

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