Who Pays $1 Million for a Home?

by Mark Friedman  on Monday, Jun. 23, 2008 12:00 am  

Sam and Sara Larimore discovered their $1.4 million "wow house" in west Little Rock's Chenal Circle neighborhood.

Stephen LaFrance Jr. is the executive vice president of USA Drug and started working full time for his father's company in 1993 after graduating from the University of Arkansas at Fayetteville with a degree in finance.

After selling their house to the LaFrances, the Mauldens downsized to a 4,400-SF home in Little Rock's St. John's Place neighborhood.

The Mauldens paid $1.07 million to the Alan H. Miller Revocable Trust.

Jerry Maulden is a retired executive of Entergy Arkansas Inc., which gave the University of Arkansas at Little Rock $1 million in 2000 to endow a chair in his honor.

Maulden had worked at the company for 35 years.

In March 2007, Michael and Suzanne Brown spent $1.97 million to move into the prestigious Edgehill neighborhood. They bought the 5,500-SF home from Wayne Moore Construction Co. of Little Rock.

Brown had lived in New Orleans before coming to Little Rock in 2006. He is the senior executive vice president and regional market president for IberiaBank Corp. of Lafayette, La. In 2006, Brown received $241,000 in salary from IberiaBank and a $96,000 bonus. In 2007, his salary and bonus totaled $558,000.

In October, Mark and Shannon Hopkins purchased a $1.15 million home in west Little Rock's Pleasant Valley neighborhood because it is close to Christ the King Catholic School, which their children attend.

Mark Hopkins also said he liked the outdoor features of the house, which include an outdoor kitchen, pool and hot tub.

"It backed up to the golf course on the 15th fairway at Pleasant Valley," he said.

The two-story home also has four bedrooms.

Mark Hopkins is the owner of J&M Distributors of Cabot, which distributes novelty items (including the Super Fly Monkey toy), cigarette lighters and ephedrine products to convenience stores across the country.



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