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The small town was named Oracle in 1878. [1] In the 1870s word of the mining successes in the area spread and prospectors from other places came with their families to the area. In 1880, two post offices were established, one in Oracle and one 5 miles west of Oracle which was called the American Flag Post Office.
On January 1, 2017, in the Arizona Daily Star newspaper, historian David Leighton challenged the accepted history of the town of Oracle: . He wrote that Albert Weldon who was born about 1840 in New Brunswick, Canada, traveled on his uncle Capt. A.D. Wood's ship Oracle around Cape Horn at the tip of South America and arrived in California between 1857 and 1860.
The Acadia Ranch House, the main house of the ranch, faces north on E. Mt. Lemmon Highway, a principal street through Oracle, which, in 1984, was Arizona State Route 77 (AZ 77). [3] [4] The AZ 77 highway was rerouted in 1964, and now goes around Oracle on the north; E. American Avenue, very close to the house, is also known as Old Highway 77. [4]
According to Redfin data from November 2024, the housing prices in Arizona went up 2.7% on an annual basis, reaching the median price of $448,900. The Arizona real estate market had 6,834 homes ...
Larry Ellison, Oracle's cofounder and former CEO, has an extensive real estate portfolio. His holdings include multiple homes in California, as well as 98% of the Hawaiian island of Lanai.
“Median home values rose by 50.5% to $221,665 between 2023 to 2024,” Faccone said. “Arizona City real estate market research predicts sales prices will increase by 38.5% over the next 10 ...
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