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 | $950,000* List Price | 4 | 5 | 3,688 | $274 | - |
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.
A Rare opportunity within a million-plus gated enclave in Phoenix's prestigious Moon Valley. Surrounded by high-end custom homes, this 4-bedroom residence offers privacy, security, and exceptional upside in a low-turnover community. The well-planned layout includes four ensuite bedrooms, a dedicated office/den, and a family room anchored by a fireplace. The chef's kitchen footprint with island and generous workspace, copper farmhouse sink, built in wine refrigerator, is ideal for a future custom design. The primary suite features a cozy fireplace, walk-in closet and bath ready for a spa-inspired transformation. Enjoy a covered patio, serene community, city and mountain views -- in one of Phoenix's most quietly exclusive gated communities.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 5.0 | 2.0 | 96% |
| Square foot | 3,688 | 1,844 | 94% |
| Lot Size | 31,500 | 7,820 | 98% |
| Price | $950.0K | $358.5K | 97% |
| Price per sq ft | $258 | $220 | 64% |
| Built year | 2006 | 1982 | 86% |
| HOA | $50 | $0 | 66% |
| Days on market | 59 | 1824 | 0% |
Apr 10, 2026
$950,000
$970,000
-2% Price Drop
Initial Listing
Feb 26, 2026
$970,000
Initial Listing