1724 W BONANZA Drive, Phoenix, AZ 85085, Phoenix, 85085 - 4 bed, 3 bath
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Phoenix, AZ 85085
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $740,000—positioned well below the $797,032 Fair Market Value by 7%. This valuation gap offers $57,032 in Instant Equity. Featuring a Gourmet Kitchen, Pebble Brilliance® Pool, and Mountain Views, the property boasts a Condition Rating of 2, ensuring a turnkey lifestyle. While the HOA fee is notable, the proximity to the highly-rated Norterra Canyon K-8 school adds significant appeal. This is an ideal acquisition for Owner-Occupants or discerning professionals seeking luxury and privacy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1724 W BONANZA Drive Subject | $699,000* List Price | 4 | 3 | 2,457 | $309 | - |
A 1759 W Desperado Way Sold | $685,000 | 4 | 3 | 2,413 | $284 | 0.4 mi |
B 25916 N 19th Lane Sold | $857,500 | 4 | 3 | 2,575 | $333 | 0.5 mi |
C 1759 W DESPERADO Way Sold | $685,000 | 3 | 3 | 2,414 | $284 | 0.4 mi |
D 1759 W DESPERADO Way Sold | $685,000 | 3 | 3 | 2,414 | $284 | 0.4 mi |
E 1759 W DESPERADO Way Sold | $685,000 | 3 | 3 | 2,413 | $284 | 0.4 mi |
F 1923 W Chisum Trail Sold | $839,605 List Price | 4 | 3 | 2,488 | 0.4 mi | |
G 1815 W TOMBSTONE Trail Sold | $507,000 List Price | 3 | 3 | 2,286 | 0.3 mi | |
H 2142 W HIDE Trail Sold | $725,106 List Price | 4 | 4 | 2,718 | 0.6 mi | |
I 1926 W HOLDEN Drive Active | $824,900 List Price | 4 | 3 | 2,627 | $314 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2016 and meticulously maintained, this home functions as like-new with a 2026 interior repaint and 2025 exterior repaint. It features a modern gourmet kitchen with granite and stainless steel, a spa-inspired primary bath, and high-efficiency multi-zone HVAC systems with smart controls.
Situated on a desirable cul-de-sac, this property offers rare dual views with majestic mountains in the front and tranquil water views in the rear, significantly increasing its aesthetic appeal.
The backyard is a private oasis featuring a high-end Pebble Brilliance® self-cleaning pool, elegant water features, and premium travertine decking, ideal for luxury entertaining.
The home is equipped with multi-zone variable-speed HVAC systems, smart Wi-Fi controls, and high-performance wall insulation, ensuring superior climate control and reduced utility costs.
The $889 association fee is substantial and may impact the overall affordability and monthly carrying costs for potential buyers compared to neighboring communities.
While the local K-8 school is well-rated, the assigned middle and high schools have lower ratings (3 and 5), which may be a deterrent for families prioritizing top-tier education.
Exceptional 4-bedroom, 2.5-bathroom luxury home situated on a premium cul-de-sac lot within a desirable gated community, offering breathtaking mountain views from the front and tranquil water views from the rear. Thoughtfully upgraded throughout, this residence combines elegant design, modern technology, and resort-style outdoor living. The gourmet kitchen features granite countertops, premium stainless steel gas appliances, and a recently installed microwave. The spacious primary suite offers a spa-inspired retreat with a luxurious walk-in shower, large picture windows showcasing mountain views, and motorized room-darkening blinds. Built for comfort and efficiency, the home includes multi-zone variable-speed HVAC systems with smart Wi-Fi controls & high-performance modern wall insulation for superior heat rejection and energy savings. Entertainment enthusiasts will appreciate the pre-wiring for a surround-sound home theater system, creating the perfect setting for movies and gatherings. Step outside to your private resort-style backyard featuring a Pebble Brilliance® technology pool built in 2016, complete with self-cleaning functionality and elegant water features. Premium travertine decking enhances the outdoor living experience and provides a sophisticated setting for relaxation and entertaining. Additional updates include exterior repainting completed in September 2025 and interior repainting completed in June 2026, making this home truly move-in ready. This is a rare opportunity to own a meticulously maintained home that offers luxury, privacy, spectacular views, and exceptional upgrades in one of the area's most desirable gated communities.
No exterior & parking available.
Grades K-5 • 18.1 mi
Grades PK-8 • 0.6 mi
Grades 7-8 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,457 | - |
| Lot Size | 5,235 | - |
| Price | $699.0K | $495.4K |
| Price per sq ft | $284 | $290 |
| Built year | 2016 | 0 |
| HOA | $889 | $0 |
| Days on market | 41 | 1260 |
Jul 1, 2026
$699,000
$725,000
-4% Price Drop
Initial Listing
Jun 25, 2026
$725,000
$740,000
-2% Price Drop
Initial Listing
Jun 11, 2026
$740,000
Initial Listing