
Phoenix, AZ 85020
This North Central Phoenix Development Opportunity is listed at $1,250,000, representing a stable acquisition aligned with its $1,212,566 Fair Market Value. Boasting a 3,384-square-foot footprint on an expansive 10,459-square-foot homesite, the property carries a Condition Rating of 4, requiring a full-scale modernization to reach its peak potential. Located directly on the prestigious Murphy Bridle Path, the home features vaulted beamed ceilings and a private patio. This is a premier value-add project for Luxury Developers or Visionary Builders looking to capitalize on an iconic location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14 E ORANGEWOOD Avenue Subject | $1,250,000* List Price | 5 | 4 | 3,384 | $358 | - |
A 333 E KALER Drive Sold | $1,200,000 | 5 | 3 | 2,500 | $480 | 0.3 mi |
B 20 E NORTHVIEW Avenue Sold | $1,080,000 | 4 | 3 | 2,805 | $385 | 0.2 mi |
C 41 E MYRTLE Avenue Sold | $999,900 | 4 | 3 | 2,638 | $379 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, the property is a classic 'time capsule' that appears well-maintained but is significantly outdated by modern standards. The interior features original hardwood floors showing wear, 1970s-style dark wood cabinetry, and vintage bathroom tiling with dated 'Hollywood' light fixtures. While the architectural elements like vaulted beamed ceilings provide character, the listing's own description as a 'canvas for visionaries' and the suggestion to 'build anew' confirms that the home requires substantial modernization of all major systems, kitchens, and baths to meet current market expectations.
Situated along North Central Phoenix's prestigious bridle path, this property offers a rare opportunity in a highly sought-after, iconic neighborhood known for its community charm and mature landscape.
The residence features unique design elements including vaulted ceilings with exposed wood beams, original hardwood floors, and a distinctive spiral staircase, providing a strong foundation for a high-end renovation.
With a 10,000+ square foot homesite, the property serves as an ideal canvas for builders or visionaries to either reimagine the existing 3,384 sqft structure or create a brand-new luxury estate.
Built in 1971, the home likely requires extensive modernization or a complete overhaul to meet contemporary luxury standards, which will necessitate a substantial additional budget.
At a list price of $1.25 million, the initial investment is high for a property marketed primarily for its land value or as a major renovation project, potentially limiting the pool of buyers.
Experience a rare opportunity along North Central Phoenix's storied bridle path. Set in an iconic, sought-after neighborhood, 14 East Orangewood offers a 10,000+ SF homesite - the perfect canvas for visionaries or builders to create a legacy. The existing 1971 residence features a split floor plan with a private primary suite and an adjacent den highlighted by a distinctive spiral staircase, offering both character and flexibility. Inside, original hardwood floors, vaulted ceilings with exposed wood beams, and a dual-sided fireplace anchoring the main living spaces create a sense of warmth and architectural presence that invites reimagination. Surrounded by mature citrus and timeless architecture, the setting is as meaningful as the potential. Enjoy morning walks beneath the canopy, bike rides along the path, and effortless access to beloved local dining and cultural destinations. Known for enduring charm and a strong sense of community, this location rarely becomes available. Whether you reimagine the existing footprint or build anew, the possibilities are as expansive as your vision. From blossom to fruition, the next chapter begins here at this exceptional North Central gem.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 4.0 | 2.0 | 89% |
| Square foot | 3,384 | 1,952 | 93% |
| Lot Size | 10,459 | 8,306 | 66% |
| Price | $1.25M | $446.0K | 92% |
| Price per sq ft | $369 | $283 | 74% |
| Built year | 1971 | 1967 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 1413 | 0% |
Mar 23, 2026
$1,250,000
Initial Listing