15515 E PALO BREA Lane, Scottsdale, AZ 85262, Scottsdale, 85262 - 4 bed, 3 bath
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15515 E PALO BREA Lane
Scottsdale, AZ 85262
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,430Sq Ft
45,372Lot Size
Property Price
LIST PRICE$825,000
EST. MARKET VALUE
$872,615
5% BelowMARKET VALUE
SUMMARY
This Modern Farmhouse represents a Strong Value Opportunity, listed at $825,000—positioned well below the $872,729 Fair Market Value by 5%. This valuation gap offers $47,729 in Instant Equity. Featuring a Mint Condition Rating and high-end finishes like quartz countertops, this 2023 build offers a turnkey lifestyle on a 1.08-acre horse-ready lot with Mountain Views. It is an ideal acquisition for Equestrian Enthusiasts or Owner-Occupants seeking a private, no-HOA sanctuary with significant expansion potential.
Estimated Market Value
$872,615+$47,615 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Scottsdale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15515 E PALO BREA Lane Subject | $825,000* List Price | 4 | 3 | 2,430 | $359 | - |
A 29005 N 152nd Street Sold | $975,000 | 3 | 2 | 2,670 | $365 | 1.0 mi |
B 15438 E Milton Drive Pending | $990,000 List Price | 4 | 2 | 2,331 | $425 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2023, this property is in mint condition and meets the criteria for a new build under 10 years old. The home features modern farmhouse aesthetics with high-end finishes including quartz countertops, premium cabinetry, and a luxury primary suite with a soaking tub. All major systems (HVAC, electrical, plumbing) are nearly new, requiring no maintenance or repairs.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45372, living area = 2430.
- Modern New Construction
Built in 2023, this modern farmhouse features high-end finishes including 10-foot ceilings, quartz countertops, and a gourmet kitchen, offering a move-in-ready experience with contemporary aesthetics.
- Equestrian & Outdoor Lifestyle
Situated on over an acre with no HOA, the property includes horse stalls and direct access to Tonto National Forest trails, making it ideal for horse enthusiasts and outdoor adventurers.
CONSRISKS & DEFICIENCIES
- Distance to Schools and Services
The property is located approximately 9 to 12 miles from the nearest schools, which may be a drawback for families seeking proximity to educational facilities and urban conveniences.
- Additional Investment Required for Landscaping
While the interior is complete, the backyard remains a blank canvas, requiring further capital investment from the buyer to install a pool, landscaping, or additional structures.
About 15515 E PALO BREA Lane
Experience the best of North Scottsdale on this fully fenced 1.08-acre horse property with NO HOA! Built in 2023, this modern farmhouse offers 10' ceilings, quartz countertops, premium cabinetry, plank tile flooring, a gourmet kitchen with walk in pantry, and a spacious primary suite with a freestanding soaking tub and glass shower. Additional features include walk in closet in every bedroom, custom window treatments, front landscaping with drip irrigation, gutters, a water softener, and custom garage cabinetry. Equestrian amenities include two 20x36 covered horse stalls with turnout, a 10x8 shed, and room to expand. The backyard is ready for your dream pool, casita, RV garage, workshop, or more horse facilities, with mountain views and direct access to Tonto National Forest trails.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2023
- Lot Size
- 45,372 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Scottsdale Unified Schools
Four Peaks Elementary School
Grades 4-5 • 9.4 mi
0/10
McDowell Mountain Elementary School
Grades PK-3 • 9.9 mi
6/10
Desert Sun Academy
Grades K-6 • 11.5 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,430 | 2,663.758 |
| Lot Size | 45,372 | 10,693.732 |
| Price | $825.0K | $1.16M |
| Price per sq ft | $340 | $440 |
| Built year | 2023 | 1993 |
| HOA | $0 | $289 |
| Days on market | 40 | 84 |
Pricing History
Listed for Sale
Jul 31, 2026
$825,000
Initial Listing