1201 E DESERT PARK Lane, Phoenix, AZ 85020, Phoenix, 85020 - 3 bed, 3 bath
Loading property details...
Phoenix, AZ 85020
This Prime Infill Development Opportunity represents a High-Potential Investment Opportunity with a List Price of $529,000, matching its $529,000 Fair Market Value. The asset's value is anchored by the 15,210 sqft Oversized Lot, which is already split into Two Development Parcels with individual APNs. Despite a Condition Rating of 6 for the existing 1956 structure, the No HOA Restrictions and location within the Madison School District ensure high resale demand for new construction near Piestewa Peak. This is a high-conviction acquisition for Custom Home Builders or Real Estate Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1201 E DESERT PARK Lane Subject | $529,000* List Price | 3 | 3 | 1,730 | $306 | - |
A 7218 N 12TH Street Sold | $375,000 List Price | 3 | 2 | 1,563 | 0.6 mi | |
B 838 E BELMONT Avenue Sold | $618,000 | 3 | 2 | 1,918 | $322 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as an infill development opportunity with the lot already split into two parcels for new construction. Built in 1956, the existing structure is described as having functional obsolescence, and the listing focuses entirely on the land value and redevelopment potential rather than the condition of the home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15210, living area = 1730.
The oversized lot has already been split into two separate parcels with individual APNs, providing an immediate, turnkey opportunity for builders to develop two high-end custom homes.
Situated in a highly coveted corridor with rapid access to Piestewa Peak trails, SR-51, and the Camelback Corridor, ensuring strong long-term value and high demand.
The assigned high school carries a lower rating of 4, which may be a drawback for families specifically seeking top-tier public education districts.
Built in 1956 and marketed as an infill opportunity, the existing 1,730 sqft residence likely requires a full teardown or extensive renovation to meet modern luxury standards.
Extraordinary infill opportunity in North Central Phoenix! Positioned in the highly coveted North Central corridor, this oversized lot at 1201 E Desert Park Ln has been split into two lots and is ready to develop (APNs: 160-15-156, 160-15-157). The site offers close access to Dreamy Draw and Piestewa Peak trails, while also delivering unbeatable convenience to SR-51, the Camelback Corridor, and top dining, shopping, and entertainment destinations. With surrounding neighborhoods commanding premium values and new build supply remaining extremely limited, this property offers builders and investors a chance to create high-end custom homes in one of Phoenix's most desirable and established communities.
No exterior & parking available.
Grades PK-4 • 1.3 mi
Grades 5-8 • 2.4 mi
Grades 9-12 • 5.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 1,730 | 1,918 | 39% |
| Lot Size | 15,210 | 8,306 | 88% |
| Price | $529.0K | $446.0K | 62% |
| Price per sq ft | $306 | $283 | 55% |
| Built year | 1956 | 1967 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 214 | 1413 | 23% |
Sep 24, 2025
$529,000
Initial Listing