1642 W MANDALAY Lane, Phoenix, AZ 85023, Phoenix, 85023 - 4 bed, 5 bath
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Phoenix, AZ 85023
This Prestigious Gated Estate is listed at $970,000, representing a stable valuation within the exclusive Moon Valley enclave compared to its $892,209 Fair Market Value. Boasting a Good Condition Rating, the residence features a functional chef’s kitchen with a copper farmhouse sink and serene mountain views. The expansive 31,500-square-foot lot provides exceptional privacy, while the interior offers four ensuite bedrooms and a dedicated office. Located near the top-rated Thunderbird High School, this home balances luxury with long-term lifestyle stability. It is an ideal match for Owner-Occupants or Luxury Buyers seeking a secure, high-end sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1642 W MANDALAY Lane Subject | $900,000* List Price | 4 | 5 | 3,688 | $249 | - |
A 14402 N Coral Gables Drive Active Under Contract | $840,000 List Price | 3 | 3 | 2,614 | $321 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property falls within the 10 to 20-year age bracket for a 'good' condition rating. The home is move-in ready with well-maintained systems and features updated flooring in the bedrooms. While the kitchen and primary bath reflect the original 2006 Mediterranean style and are noted as candidates for future 'transformation,' they remain fully functional with high-end components like a copper farmhouse sink and built-in wine refrigerator. There is no evidence of deferred maintenance or structural issues.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31500, living area = 3688.
Situated in an exclusive Moon Valley enclave surrounded by million-dollar custom homes, offering high security, privacy, and long-term value stability in a low-turnover community.
The floor plan features four full ensuite bedrooms plus a dedicated office, providing a rare level of privacy and functional living space for families or multi-generational households.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3688, other record living area = 3821.
The property is marketed as having 'exceptional upside' and being 'ready for transformation,' indicating that the kitchen and primary bath likely require significant capital investment to meet modern luxury standards.
The combination of nearly 3,700 square feet of living space and a three-quarter-acre lot will result in substantial ongoing expenses for landscaping, utilities, and general upkeep.
Nestled in a prestigious gated enclave in Moon Valley, this unique hillside property offers a rare opportunity for buyers who appreciate Arizona's natural desert beauty. The expansive lot features mature desert vegetation, native flora, and stunning mountain and city views, creating the perfect setting for an arborist, nature enthusiast, or visionary homeowner. Imagine enhancing the landscape with walking paths, desert gardens, and a gazebo on the lower portion of the lot to enjoy sunsets and wildlife. This 4-bedroom home features four ensuite bedrooms, an office/den, family room with fireplace, spacious kitchen with island, copper farmhouse sink, wine fridge, and a primary suite with fireplace. Exceptional upside--imagine the possibilities!
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 1.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 5.0 | 0.0 |
| Square foot | 3,688 | - |
| Lot Size | 31,500 | - |
| Price | $900.0K | $495.4K |
| Price per sq ft | $244 | $290 |
| Built year | 2006 | 0 |
| HOA | $50 | $0 |
| Days on market | 147 | 1260 |
Jul 17, 2026
$900,000
$920,000
-2% Price Drop
Initial Listing
Jun 11, 2026
$920,000
$935,000
-2% Price Drop
Initial Listing
May 10, 2026
$935,000
$950,000
-2% Price Drop
Initial Listing
Apr 10, 2026
$950,000
$970,000
-2% Price Drop
Initial Listing
Feb 26, 2026
$970,000
Initial Listing