
Phoenix, AZ 85004
Analysis of 118 E Palm Lane, Phoenix, AZ 85004 is currently available with a list price of $1,799,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although built in 1925, this historic property has been meticulously preserved and extensively renovated to meet modern luxury standards. The interior features high-end finishes including restored hardwood floors, a thoughtfully expanded family room, and a fully updated bathroom with a steam shower, freestanding tub, and contemporary tiling. The addition of a temperature-controlled wine cellar with dedicated A/C, custom dual-pane windows, and a glass-tiled pool indicates a comprehensive update of major systems and aesthetic components within the recent past, leaving the home in like-new condition with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20460, living area = 3915.
Designed by C. Lewis Kelley in 1925, this meticulously preserved Colonial adobe features original wood floors and beamed ceilings paired with a seamless modern expansion that honors its historic character.
Situated on a rare 20,000+ SF irrigated corner lot, the property offers an expansive private oasis with a glass-tiled pool, mature citrus trees, and parking for up to 15 vehicles, which is highly uncommon for the area.
Being located within the Alvarado and Los Olivos Historic Districts likely imposes strict limitations on exterior modifications, which may restrict a buyer's ability to customize the home's facade.
The assigned public schools carry relatively low ratings (3-4), which could be a drawback for families prioritizing high-performing educational districts at this luxury price point.
A rare opportunity to own the historic R.A. Cox House, designed by renowned architect C. Lewis Kelley in 1925, situated on a 20,000+ SF irrigated corner lot in the heart of the Alvarado and Los Olivos Historic Districts. This iconic Colonial adobe has been meticulously preserved, showcasing restored wood floors, beamed ceilings, oversized moldings, and custom dual-pane windows designed to honor the home's original character. A thoughtful rear expansion adds a stunning family room with a fireplace, seamlessly connecting to the kitchen featuring soapstone countertops, generous cabinetry, and an eat-in dining area. The formal dining and living room is accented by crown molding and a signature arched window overlooking the expansive front lawn with a wood burning fireplace. Both the front and backyard are equipped with timed sprinklers in addition to the irrigation. The backyard is a private oasis with a glass-tiled pool, mature citrus trees, raised organic garden beds, a spacious lawn, and a covered patio ideal for entertaining. The serene primary suite offers French doors to the backyard and an oversized walk-in closet. Two additional bedrooms share an updated bathroom with a steam shower, while an upstairs ensuite bedroom provides treetop views and flexible living space. Additional features include a temperature-controlled wine cellar with dual dedicated A/C units, a garage with 220-amp service and sewer access (ideal for a studio or pool house), abundant storage, and parking for up to 15 vehicles.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades PK-8 • 0.8 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 4.0 | 2.0 | 86% |
| Square foot | 3,915 | 1,897 | 86% |
| Lot Size | 20,460 | 7,415 | 71% |
| Price | $1.80M | $264.0K | 86% |
| Price per sq ft | $460 | $266 | 86% |
| Built year | 1925 | 1925 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 226 | 14% |
Apr 20, 2026
$1,799,900
$1,895,000
-5% Price Drop
Initial Listing
Jan 22, 2026
$1,895,000
Initial Listing