1450 E ROYAL PALM Road, Phoenix, AZ 85020, Phoenix, 85020 - 6 bed, 5 bath
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Phoenix, AZ 85020
This Multi-Dwelling Family Compound is a premier residential estate listed at $1,400,000, reflecting the unique value of two combined parcels in the Dreamy Draw area. With a Condition Rating of 4, the property is exceptionally well-maintained, offering a 6-bedroom living experience across a main house, detached casita, and guest quarters. While the price exceeds the $1,282,888 Fair Market Value, the inclusion of a private pool, mountain views, spa, and raised deck provides a rare lifestyle sanctuary. This estate is the ideal match for Multi-Generational Families or Owner-Occupants seeking a versatile urban estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1450 E ROYAL PALM Road Subject | $1,370,000* List Price | 6 | 5 | 4,010 | $292 | - |
A 1522 E NORTHERN Avenue Sold | $1,157,500 | 4 | 3 | 3,901 | $297 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, the property is exceptionally well-maintained and move-in ready, but it lacks recent extensive renovations. The kitchen and interior features, such as the oak cabinetry, specific tile medallions, and lighting fixtures, are dated and reflect the home's original era. While major systems like the A/C have seen updates, the overall aesthetic and finishes show signs of being outdated compared to modern standards.
This unique offering includes two neighboring properties with multiple dwellings, including a detached casita and guest quarters, making it an ideal family compound or high-yield investment opportunity.
The estate is fully equipped for an active lifestyle, featuring a private pool, two hot tubs, dedicated RV parking with hookups, and boat parking on a generous combined lot.
Located in the sought-after Dreamy Draw area with stunning mountain views and no HOA, providing both a scenic backdrop and the freedom to customize the property without restrictive oversight.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13725, other record lot size in square feet = 7105.
With the 4,010 total square footage divided across four separate living structures, the property may lack the cohesive flow desired by buyers seeking a traditional large single-family home.
The presence of multiple buildings, structures dating back to 1987, and extensive outdoor features like the pool and dual hot tubs will likely result in higher-than-average utility and upkeep costs.
Two neighboring properties being sold together as one combined estate, perfect for Family Compound. Located at 1448 & 1450 E Royal Palm Rd, this unique package offers a total of 6 bedrooms, 4.5 bathrooms, and 4,010 sq ft of living space across both parcels, situated on a combined 13,725 sq ft lot. 1448 E Royal Palm features a 3 bedroom, 2 bathroom main home with 1,223 sq ft, an attached guest quarters, hot tub, new A/C, RV parking with hookups, and boat parking. 1450 E Royal Palm includes a 2 bedroom, 1.5 bathroom and a bonus room main residence with 1,895 sq ft, plus a detached 892 sq ft casita with 1 bedroom, 1 bathroom, and a loft. The property also boasts a pool, hot tub with raised deck, RV gate and parking, vaulted ceilings, and multiple entertaining area
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 100% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 4,010 | 1,952 | 95% |
| Lot Size | 13,725 | 8,306 | 83% |
| Price | $1.37M | $446.0K | 92% |
| Price per sq ft | $342 | $283 | 65% |
| Built year | 1987 | 1967 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 67 | 1413 | 1% |
Apr 10, 2026
$1,370,000
$1,400,000
-2% Price Drop
Initial Listing
Feb 18, 2026
$1,400,000
Initial Listing