John McCain's mansion on sale for $12 Million

Got $12 million burning a hole in your pockets? Need a new mansion in Arizona? How about this little place, one of John and Cindy McCain’s unwanted castles?

It’s a 5,000+ square foot estate with nine bedrooms, eight bathrooms, a seven-car garage, an entire extra gourmet chef’s kitchen out by the swimming pools, a 1,750-square-foot guest house, and it’s all on 2.7 gated acres.

Remember, you’re middle-class if you make up to $5 million a year, so following the old rule about buying a house — the purchase price should be no more than three times your gross annual income — you can easily afford $12 million.

But go ahead and offer $7.5 million, because the real-estate market in Phoenix is wrecked.

[Phoenix Real Estate/Phoenix New Times/RealEstate.com]