1716 E MELROSE Street, Mesa, AZ 85203, Mesa, 85203 - 5 bed, 5 bath
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Mesa, AZ 85203
This Luxury Modern Estate is a Prime Investment Opportunity, listed at $1,849,000—positioned well below the $1,914,566 Fair Market Value by 3%. This valuation gap offers $65,566 in Instant Equity. Boasting a Mint Condition Rating, this 2023 build features a chef’s kitchen, separate entrance casita, and a backyard oasis with a pool and spa on a nearly half-acre lot. The high-end finishes and versatile layout provide a turnkey lifestyle in a premium Mesa enclave. This residence is perfect for Luxury Homeowners or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1716 E MELROSE Street Subject | $1,849,000* List Price | 5 | 5 | 4,235 | $452 | - |
A 1821 E LYNWOOD Street Pending | $1,699,900 List Price | 6 | 4 | 3,865 | $440 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2023, this home is in mint condition and less than 10 years old. It features a modern chef's kitchen with quartz countertops and high-end stainless appliances, updated bathrooms, and brand-new systems (HVAC/Electric) requiring no maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19264, living area = 4235.
Built in 2023, this home features high-end contemporary finishes including exposed beams, designer lighting, and a chef's kitchen with quartz countertops and premium gas appliances.
The property includes a separate entrance casita and a dedicated den, offering excellent flexibility for multi-generational living, guest accommodations, or a private home office.
At a list price of $1.849M, the property is positioned at the top tier of the Mesa market, which may limit the pool of qualified buyers compared to more moderately priced homes in the area.
The combination of over 4,200 square feet of living space, a large pool, and extensive landscaping will result in significant ongoing maintenance and utility expenses for the owner.
You don't want to miss this beautiful newer-built 5-bedroom home with separate entrance casita and oversized sparkling pool! Featuring a 3-car garage with epoxy floors, RV gates, and lush landscaping. Step inside to fall in love with the inviting bright, open living spaces with tile flooring, new carpet, shutters to add classic charm, exposed beams, fireplace for ambiance, and designer lighting. The chef's kitchen includes plentiful storage cabinetry, quartz countertops, tile backsplash, high-end gas stainless appliances, expansive island, and huge walk-in pantry. The main suite is a true retreat, offering a stylish bathroom with double vanities and a separate shower & tub, plus a large walk-in closet with attached organizers. The den adds flexibility, working perfectly as a home office or hobby area. Your backyard oasis includes a sizable, covered patio ideal for morning coffee and relaxing evenings, travertine pavers, artificial grass, a covered seating area perfect for gatherings, a spa ideal for unwinding, and refreshing pool! An entertainer's dream! You have to come see it!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.5 | 79% |
| Baths | 5.0 | 2.0 | 92% |
| Square foot | 4,235 | 2,251.5 | 92% |
| Lot Size | 19,264 | 10,318 | 89% |
| Price | $1.85M | $399.0K | 97% |
| Price per sq ft | $437 | $202 | 97% |
| Built year | 2023 | 1984 | 97% |
| HOA | $165 | $0 | 95% |
| Days on market | 69 | 2320 | 3% |
Apr 10, 2026
$1,849,000
Initial Listing