Michael and Carol Sauter have listed for sale a two-bedroom, two-bath condo at 2802 E. Camino Acequia in Camelback East for $1.025 million.

The 1,415-square-foot Unit #71 is part of the Arizona Biltmore Hotel Villas Condos III development. Cynthia J. Stockwell of Biltmore Lifestyles Real Estate is the agent for the listing.

Mr. Sauter is founder and chief executive officer of S-J Management LLC, a real estate investment company based in Seattle, Wash. He formed the company in Aug. 2001. He previously spent three years as an asset manager with a real estate investment firm and he worked in the asset management division of the Corporation of the Catholic Archdiocese of Seattle.

He graduated from the Institute of Real Estate Management of Seattle University. He is a licensed real estate broker in Arizona and Washington.

According to BlockShopper.com, there were 1,862 sales in Camelback East in 2008, with a median sales price of $160,000.

Address: 2802 East Camino Acequia, Unit: 71
Buyer(s): John N Macdonough Trust Ua Dec 1994
Seller(s): Lawyers Title Of Arizona Inc, Carol G Sauter and Michael J Sauter
Sale date: Feb. 10, 2012