
Phoenix, AZ 85007
This Historically Registered Mediterranean Estate is a Prime Investment Opportunity, listed at $1,599,499—positioned well below the $1,643,536 Fair Market Value by 2%. This valuation gap provides $44,037 in Instant Equity alongside significant property tax credit eligibility. Boasting a Move-In Ready Condition Rating, the home features a Wolf 6-burner range, Tesla charging station, and a private pool and spa oasis. Located in the elite Encanto-Palmcroft district near Kenilworth Elementary, it offers a sophisticated lifestyle near downtown galleries. This is an exceptional acquisition for Owner-Occupants or Preservation-Minded Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1238 W Coronado Road Subject | $1,549,999* List Price | 4 | 4 | 3,251 | $495 | - |
A 1615 Palmcroft Way SE Sold | $1,580,000 | 4 | 3 | 2,924 | $540 | 0.1 mi |
B 1615 PALMCROFT Way SE Sold | $1,580,000 | 4 | 3 | 2,924 | $540 | 0.1 mi |
C 2111 SW ENCANTO Drive Sold | $1,400,000 | 4 | 3 | 2,662 | $526 | 0.3 mi |
D 1501 W LEWIS Avenue Sold | $1,255,000 | 4 | 4 | 3,125 | $402 | 0.5 mi |
E 1501 W LEWIS Avenue Sold | $1,255,000 | 3 | 4 | 3,127 | $401 | 0.5 mi |
F 2111 Encanto Drive SW Sold | $1,400,000 | 4 | 3 | 2,707 | $517 | 0.3 mi |
G 917 ENCANTO Drive SW Active | $1,845,000 List Price | 3 | 4 | 3,397 | $543 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1936 historic home is in move-in ready condition, featuring a high-quality blend of preserved original character and significant modern upgrades. The kitchen is updated with premium appliances including a Wolf 6-burner range and GE Advantium microwave, while the interior boasts well-maintained solid oak floors, recessed lighting, and updated fixtures. Modern systems like the Tesla charging station and the outdoor pool/spa oasis indicate the property has been extensively maintained and updated within the last 5 to 15 years.
This historically registered 1936 home retains rare original features like a milk delivery door and basement, while offering significant property tax credit eligibility for the owner.
The property features high-end functional additions including a Wolf 6-burner gas range, a Tesla charging station, and a complete outdoor oasis with a pool, spa, and misting system.
Situated on a corner lot in the prestigious Encanto-Palmcroft district, the home offers a vibrant, no-HOA community lifestyle within walking distance of Encanto Park and downtown amenities.
Due to its 1936 construction and historic status, the property may require specialized and potentially costly maintenance to preserve its original materials and aging infrastructure.
The assigned public schools have relatively low ratings (3/10 and 4/10), which may be a concern for families prioritizing top-tier public education.
A corner lot in historic Encanto-Palmcroft located in one of Phoenix's most architecturally significant and tightly held neighborhoods with no HOA, this unique truly one of a kind charmer is a must see! It is a historically registered home with tax credit eligibility, and it has held onto its original character in ways that are almost impossible to find today. Encanto-Palmcroft is not a cookie-cutter neighborhood, this is a vibrant and interactive community where everyone knows the neighbors and their pets! The original glass lighted wood entry door is still here. So is the original milk delivery door. The basement, which is almost impossible to find, still holds much of its original detail. You are not going to find another one of these. Solid oak floors throughout, two gas fireplaces, a lighted interior courtyard, The ornate side gate, cedar closet, period lighting fixtures, wet bar, Tesla charging station in the garage, free little library with diorama and music, and a piano that stays with the home. The kitchen has a Wolf 6-burner gas range with hood and heat lamps. A garden path runs along the side of the home beneath mature southern oak trees. A spa with a gazebo cover, sparkling pool, misters on the patio, and a private outdoor patio off the primary bedroom. A full list of all upgrades is available but this home is true must see experience! Encanto Park and Enchanted Island are walkable. The light rail and easy access to the freeway puts the Phoenix Art Museum, downtown galleries, restaurants, local shops, cultural events, and sports arenas all within easy reach. Schedule your appointment today!
No exterior & parking available.
Grades PK-8 • 0.6 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 80% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 3,251 | 1,523 | 96% |
| Lot Size | 11,386 | 7,385.5 | 87% |
| Price | $1.55M | $485.2K | 97% |
| Price per sq ft | $477 | $354 | 79% |
| Built year | 1936 | 1936 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 1425 | 1% |
Apr 17, 2026
$1,549,999
$1,599,498
-3% Price Drop
Initial Listing
Apr 14, 2026
$1,599,498
$1,599,499
+0% Price Increase
Initial Listing
Mar 27, 2026
$1,599,499
Initial Listing