
Phoenix, AZ 85020
This Prime Investment Opportunity is a Hybrid Asset listed at $888,000—positioned well below the $913,781 Fair Market Value by 2%. This valuation gap offers $25,781 in Instant Equity. Featuring a Detached Casita and Sparkling Pool, the property maintains a Condition Rating of 4, offering immediate rental potential or multi-generational utility. With no HOA and proximity to the Biltmore area, this versatile property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1450 E ROYAL PALM Road Subject | $888,000* List Price | 3 | 3 | 1,895 | $482 | - |
A 8116 N 18TH Way Sold | $735,000 | 3 | 2 | 1,610 | $457 | 0.6 mi |
B 1810 E HARMONT Drive Active Under Contract | $859,900 List Price | 4 | 2 | 2,167 | $397 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987 (37 years old), the property shows signs of past renovations (flooring, bathroom tile, and vessel sinks) that are now stylistically dated, likely exceeding 15-20 years in age. While the home appears well-maintained and 'move-in ready' with a new roof on the casita, the main interior finishes and wet bar cabinetry require modernization to meet current market standards.
The property features a fully self-contained guest house with a kitchen, loft, and new roof, providing excellent potential for rental income or multi-generational living.
Situated in North Central Phoenix with no HOA, the home offers picturesque mountain views and immediate proximity to Dreamy Draw Park and Biltmore-area amenities.
The backyard serves as a private oasis with a sparkling pool, elevated hot tub deck, low-maintenance turf, and dedicated RV parking with an access gate.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 6.
The primary residence is limited to 2 bedrooms and 1.5 bathrooms, which may be a constraint for buyers seeking a more traditional family layout within the main structure.
With a main house, detached casita, pool, and RV parking all situated on a 7,105 sqft lot, the outdoor space may feel somewhat crowded to certain buyers.
Property must go! Discover an incredible opportunity at 1450 E Royal Palm Rd, a truly unique property in the heart of North Central Phoenix offering exceptional flexibility, privacy, and endless possibilities. The sellers are highly motivated and ready to make a deal, making this an opportunity you won't want to miss. The main residence features 2 bedrooms, 1.5 bathrooms, a dedicated office, soaring vaulted ceilings, and an open, spacious living area. Beautiful tile and wood flooring flow throughout the home, while two wet bars make entertaining effortless. Enjoy picturesque mountain views right from your kitchen window. Adding even more value is the detached casita, complete with 1 bedroom, a full kitchen, loft, full bathroom, and a brand-new roof. Whether you're looking for multi-generational living, a private guest retreat, or an income-producing rental, this versatile space offers countless possibilities. Step outside to your own Arizona oasis featuring a sparkling pool, relaxing hot tub with an elevated deck, low-maintenance turf, and plenty of space to entertain family and friends. The property also includes RV parking, an RV gate, and ample room to expand the existing home if additional square footage is desired. With no HOA, you'll enjoy the freedom to make this property your own while being just minutes from freeway access, Dreamy Draw Park, scenic hiking and biking trails, and the shopping, dining, and entertainment of the Biltmore area. Motivated sellers, unmatched versatility, and an unbeatable central Phoenix location-this is a rare opportunity you don't want to miss. Schedule your private showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,895 | - |
| Lot Size | 7,105 | - |
| Price | $888.0K | $495.4K |
| Price per sq ft | $469 | $290 |
| Built year | 1987 | 0 |
| HOA | $0 | $0 |
| Days on market | 13 | 1260 |
Jul 9, 2026
$888,000
Initial Listing