Anderson Purchase Gives Coach a Corner

by Talk Business & Politics ([email protected]) 89 views 

With the completion of two separate land deals this year, University of Arkansas basketball coach Mike Anderson, we’ve learned, is sitting on a plum piece of Fayetteville real estate.

Anderson plunked down $120,000 last week for a large lot at the corner of Bridgewater Lane and Horse Meadow Drive in tony Bridgewater Estates, a 30-lot subdivision on the east side of town.

Ironically, Anderson bought the land from another name Razorback fans are no doubt familiar with. Danny Nutt, an assistant UA football coach under big brother, Houston, bought the lot in September 2004 for $160,000.

Anderson also owns an adjoining lot, acquired in January from First Security Bank for $160,000.

Might Anderson, who just finished his first season as head coach, be planning to build in Bridgewater? The land of luxury estates and circular driveways seems to be a destination neighborhood for Razorback royalty and their millions.

Anderson’s predecessor, John Pelphrey, lived in the upscale development but has since sold his 5,693-SF home, which Whispers told you about in November.

The mansion belonging to former football coach Bobby Petrino, all 8,741 SF of it, is just up the road from Anderson’s spread and remains on the market for $1.99 million.

Baseball coach Dave Van Horn built his home in Bridgewater in 2005 and former UA track and field All-American and gold-medal winning Olympian Mike Conley bought a $1.39 million home there in 2010 — from former UA and St. Louis Cardinals baseball player Tom Pagnozzi.