Lawsuits delayed completion of planned 100,000-square-foot mansion by tech entrepreneur; new owner hopes to develop property

A partially built Scottsdale mansion that was supposed to have 100,000 square feet of space has sold for $5 million.

Tech entrepreneur Jason Hope began building the compound-like estate on 14 acres in the posh Silverleaf community more than five years ago. Plans called for more than nine buildings, connecting tunnels, a man-made river, the first residential IMAX movie theater, an indoor bowling alley and a stand-alone spa.

But construction stopped after 2011, after the Texas Attorney General and Verizon filed lawsuits against Hope and his company Jawa, alleging a text-messaging scheme that cost cellphone users millions of dollars. Hope settled the suits in 2012, but construction never resumed.

The property became known as infamous Lot 1882 to neighbors.

MSL LLC, led by Idaho developer Michael Matzek, bought the property. He already has a home in Silverleaf and plans to rent out the home on Lot 1882 when it's completed, according to property records.

"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."

He partnered with Los Angeles real estate agents Matt and Josh Altman, who star in Bravo's "Million Dollar Listing Los Angeles," to sell the house.

In December 2010, Hope had a Christmas party in the part of his Silverleaf home that had been completed. Rapper Ludacris performed at the party that drew "Jersey Shore’s" Nicole ‘Snooki’ Polizzi and Olympic Gold Medalist and star of "Keeping Up With the Kardashians" Caitlyn Jenner, who was then known as Bruce Jenner.

Images of most expensive homes sold in metro Phoenix

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