Richard Adkerson has listed his 7,484-square-foot Paradise Valley home for $6.685 million.

The chairman and CEO of Phoenix-based Freeport-McMoRan Inc. (NYSE: FCX) is ready to downsize to a smaller home in Paradise Valley, said Joan Levinson, who is representing Adkerson on the property.

Maricopa County Assessor records show Adkerson paid $5.5 million for the property in June 2007.

Adkerson bought the home from Dr. Curtis Dickman, a neurosurgeon at Barrow Neurological Institute, who had it built in 2001, Levinson said.

Levinson, who also represented Dickman when he sold the property in 2007, said the doctor had a guard stationed around the house 24 hours a day.

The Territorial/Santa Fe style home was designed by Lee Hutchinson and built by Shiloh. Just north of Paradise Valley Country Club, the home has five bedrooms and seven bathrooms, and fireplaces throughout the interior and exterior of the home.

Adkerson's 2,000-square-foot patio features a table made from turquoise and other minerals from the mines, Levinson said, adding that it's not part of the sale.

She said Adkerson has been collecting western art since he moved to Arizona from New Orleans. The ceiling in the library is all leather, complemented by nail heads, she said.

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By Angela Gonzales - Senior Reporter Phoenix Business Journal