The Wall Street Journal, through anonymous sources, was able to confirm that Sarah Palin bought the much speculated Arizona property. The possible purchase was first reported by the Arizona Republic. Alaska Dispatch has also confirmed that the car filmed by news organizations on the property belongs to Sarah and Todd Palin.

It’s been widely speculated that Sarah Palin’s Arizona move indicates that she’s going to run for an open Senate seat there, or use the state as home to base a presidential run. Talk of her running for the Arizona Senate seat prompted a national pollster, Public Policy Polling, to include her in a recent survey of likely voters. But yesterday, RealClearPolitics wrote about an upcoming flattering documentary of Palin that will debut in Iowa in June. And now, prognosticators are betting on her running for president.

Arizona is, as some local pundits have noted, the perfect place to set up presidential-shop. It’s centrally located and she’s got support in Arizona, namely Sen. John McCain and Arizona Republican Gov. Jan Brewer.

Her daughter Bristol bought a house late last year about an hour away from the one Palin might be living in. And Palin seems to like the state. After the 2008 election, the Palins lingered for several days at the Biltmore resort in central Phoenix. Since then, she's been to the state a number of times, especially to help tea party-type candidates in congressional races.

According to the Arizona Republic, the home was purchased on behalf of the Palins through a company called Safari Investments, which paid $1.695 million cash for the house. It’s walled-and-gated, sits on 4.4 acres and has a home theater, a billiard room, a walk-in wine room, a gazebo, a pool, and a six-car garage.