Papa John (Schnatter) Lists Two St. Regis Penthouses

SELLER: "Papa John" Schnatter
LOCATION: Deer Valley, UT
PRICE: $30,500,000 (or thereabouts, for both units)
SIZE: 12,000-ish square feet, 5 bedrooms, 5 full and 2 half bathrooms (in total)

YOUR MAMAS NOTES: As was first reported by the Deseret News via (Zillow), Papa John's pizza mogul John Schnatter publicly listed a pair of penthouse condos atop the swanky St. Regis Deer Valley Residences in scenically spectacular Deer Valley, UT, for a combined $30,500,000 (or thereabouts).*

Mister Schnatter, in case that name doesn't ring any bells of recognition with the children, sold his beloved Camaro to start his fledgling pizza business in 1983 out of the back of his father's Indiana tavern. His business has since ballooned to more than 4,000 outlets in more than 30 countries and in 2009 he famously paid a quarter of a million dollars to buy back the Camaro. In 2012, some of the children may recall, Mister Schnatter caused a big, quasi-political stink when he loudly announced he would have to cut the hours of low-wage workers and raise the price of a $16 pizza pie by 10-14 cents to offset the $5-8 million his company would incur in annual increased healthcare costs due to the dreaded Obamacare.

Mister Schnatter reportedly purchased the penthouse pads, which together span the entire 11th floor of the St. Regis, as an investment in 2008. He only finished the build out of the larger of the two units. The smaller unit has just over 5,000 square feet and is listed for about $12.5 million and the larger, fully fitted and kitted penthouse has 6,800+ square foot penthouse and $17.999 million price tag.

Mister Schnatter and his long-time wife, Annette, had the larger penthouse custom fitted as a rustically velveteen ski/hunting lodge in the sky with five en-suite bedrooms and a total of five full and two half bathrooms. Entertaining spaces include large but hardly humongous formal living and dining rooms, bother with lots of carved wood and rugged stone accents and French doors framed by braided drapery so strange it makes Your Mama need a damn nerve pill.

Less formal but still pretentiously opulent family areas include an open concept kitchen/dining/family room area with an angled stone fireplace, a six-stool booze and beverage bar, an informal dining area, and a super-sized center island kitchen outfitted with elaborately carved wood cabinetry and premium grade appliances. A separate billiard-table equipped game room has a library nook lined with built-in book cases and a temperature controlled wine cellar has decorative wrought iron and glass doors.

Other features of note include a high-tech home automation system, a roomy master suite with adjoining, wet-bar equipped private office, private elevator access to a custom ski prep room, and somewhere around 2,000 square feet of outdoor living space that includes a mountain and ski slope view loggia with built-in ceiling heaters, a built-in barbecue, and a spa in front of a t.v. surmounted outdoor fireplace.

In addition to their Deer Valley penthouse(s) and a waterfront penthouse in Naples, FL, they picked up in 1996 for $2.65 million, Mister Schnatter and his family reside primarily on a 15+ acre landscaped estate near Louisville, KY, with a 24,000-square foot faux chateau, a 6,000-ish square foot guest house, an underground parking garage for 20+ cars (with car washing station and valet office), more than one swimming pool, and a private golf course.

*The Deseret News reported that if either unit sells at or near asking price it will set record price for a condo in the area and also that Mister Schnatter plans to keep whichever of the two units does not sell first.

listing photos: Summit Sotheby's International

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