16 W ENCANTO Boulevard 408, Phoenix, AZ 85003, Phoenix, 85003 - 2 bed, 3 bath
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Phoenix, AZ 85003
This Luxury Urban Condominium is a Prime Investment Opportunity listed at $680,000—positioned well below the $705,982 Fair Market Value by 3%. This valuation gap offers $25,982 in Instant Equity for incoming buyers. Boasting a Good Condition Rating, the residence features Dual Primary Suites, a Granite Kitchen, and breathtaking Mountain Views. Located steps from the Light Rail with access to Resort-Style Amenities, this turnkey home offers a sophisticated metropolitan lifestyle. It is perfectly suited for Urban Professionals or Owner-Occupants seeking upscale city living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16 W ENCANTO Boulevard 408 Subject | $680,000* List Price | 2 | 3 | 2,563 | $275 | - |
A 16 W ENCANTO Boulevard 502 Sold | $485,000 | 2 | 3 | 1,692 | $287 | 0.0 mi |
B 16 W ENCANTO Boulevard 502 Sold | $485,000 | 2 | 2 | 1,716 | $283 | 0.0 mi |
C 16 W ENCANTO Boulevard 308 Sold | $730,000 | 2 | 3 | 2,558 | $285 | - |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this property is move-in ready and falls within the 10-20 year age range for a 'good' condition rating. The interior features modern updates including elegant laminate flooring, a contemporary soft gray paint palette, and a 'magazine cover' kitchen with granite countertops, tile backsplash, and stainless steel appliances. The bathrooms are well-maintained with dual granite vanities, and the overall physical condition shows minimal wear and tear, meeting current quality standards without the need for immediate renovation.
Perfectly situated in the heart of Phoenix with immediate access to the Light Rail, restaurants, and shops, offering a highly walkable and convenient metropolitan lifestyle.
The rare and spacious layout features two full main suites, each with its own private balcony and walk-in closet, providing exceptional privacy and versatility for residents.
The building offers an extensive luxury amenity package, including a gym, cinema, sauna, pool, and spa, which significantly enhances the property's value and living experience.
The monthly association fee of $1,054 is quite substantial and may be a deterrent for budget-conscious buyers or those concerned with high recurring carrying costs.
The local public schools assigned to this address have modest ratings ranging from 3 to 5, which may be a consideration for families prioritizing top-tier educational districts.
Experience exceptional living at Tapestry on Central! Perfectly situated in the heart of Phoenix, this vibrant location places you steps away from an abundance of restaurants, shops, cafes, and entertainment. The Light Rail provides easy access to both Downtown and Midtown, making your commute seamless & convenient. This 4th-floor condo boasts a stunning open floor plan with expansive windows that flood the space with natural light and offer spectacular views. Discover a sophisticated soft gray palette, elegant laminate flooring, an inviting fireplace, and stone accents in the right places. The magazine cover kitchen features recessed lighting, ample storage, tile backsplash, granite countertops, stainless steel appliances, and a spacious island. Enjoy two private balconies with unbelievable views of downtown Phoenix and surrounding mountain's - ideal spaces for both relaxation and entertaining. The lavish main suite showcases a custom accent wall, plush carpeting, breathtaking views, balcony access, and an oversized walk-in closet. The ensuite bathroom offers dual granite vanities and a relaxing soaking tub. A second main bedroom provides its own balcony, full bathroom, and walk-in closet. The generous balcony with sweeping views of the mountains and city is perfect for enjoying colorful sunsets. Enjoy resort-style amenities including gym, cinema, sauna, pool, spa, grills, and more. Don't miss this one-of-a-kind opportunity!
No exterior & parking available.
Grades PK-8 • 0.8 mi
Grades PK-8 • 0.8 mi
Grades PK-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 3.0 | 1.5 | 75% |
| Square foot | 2,563 | 922 | 90% |
| Lot Size | 2,412 | 843 | 90% |
| Price | $680.0K | $336.0K | 85% |
| Price per sq ft | $265 | $326 | 25% |
| Built year | 2007 | 2005 | 60% |
| HOA | $1054 | $554 | 90% |
| Days on market | 64 | 1630 | 5% |
Feb 20, 2026
$680,000
Initial Listing