
Phoenix, AZ 85020
This Southwestern Custom Residence represents a High-Potential Investment Opportunity, listed at $960,000—positioned well above the $808,331 Fair Market Value by -18%. While the home features authentic radial latilla ceilings and a private pool, it maintains a Condition Rating of 4, requiring modernization of original 1980s finishes. Located in the prestigious Villas Encantadas near top-rated Madison Heights Elementary, this property offers significant architectural character for those willing to invest in updates. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a custom project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2012 E NORTHVIEW Avenue Subject | $960,000* List Price | 3 | 2 | 2,387 | $339 | - |
A 1930 E LINGER Lane Active | $739,000 List Price | 3 | 3 | 1,971 | $375 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986 (38 years old), the home is well-maintained but retains mostly original finishes. The kitchen features dated laminate countertops and older cabinetry, while the primary bath shows original 1980s-style pink tile and a sunken tub. While functional and clean, the property exceeds the 20-year threshold for modern updates and requires cosmetic and system modernization.
This custom residence features rare architectural details including radial latilla ceilings, exposed peeled-log vigas, and authentic Saltillo tile, offering a level of character and craftsmanship that is difficult to find in the current market.
The backyard is a professionally landscaped retreat featuring a sparkling pool, multiple seating areas, and mountain views, providing an ideal setting for year-round Arizona entertaining.
Located in the prestigious Villas Encantadas neighborhood, the property benefits from a distinctive community feel and proximity to highly-rated elementary schools like Madison Heights.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The assigned high school carries a rating of 3, which may be a significant consideration for families with older children or those focused on long-term resale value tied to school districts.
With a lot size of 5,205 square feet, the outdoor space is relatively compact for a home at this price point, which may limit buyers seeking expansive yard space or privacy buffers.
Nestled within the highly desirable Villas Encantadas community, this one-of-a-kind custom residence welcomes you with warmth, character, and timeless design. Authentic Southwestern architecture with Spanish-inspired influences is showcased throughout with rich Saltillo tile flooring, graceful archways, split-level living spaces, soaring vaulted ceilings, and handcrafted details that are increasingly hard to find. At the heart of the home, the stunning great room makes a lasting impression with its dramatic radial latilla ceiling, exposed peeled-log vigas, clerestory windows that fill the space with natural light, and a beautiful fireplace that creates an inviting place to gather. The spacious primary suite is designed as a private retreat, featuring a sunken soaking tub, elevated walk-in shower, and a generous walk-in closet. Step outside to your own private backyard oasis, where Saltillo patios, mature desert landscaping, multiple seating areas, and a sparkling pool create the perfect setting for entertaining or enjoying Arizona's beautiful weather year-round. Located in the distinctive Villas Encantadas neighborhood, known for its custom homes and enduring Southwestern character, this is a rare opportunity to own a residence with architectural details that are difficult to find in today's market. If you've been searching for something beyond the ordinary, this is a home you'll want to experience in person.
No exterior & parking available.
Grades PK-4 • 0.2 mi
Grades 5-8 • 1.8 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,387 | - |
| Lot Size | 5,205 | - |
| Price | $960.0K | $495.4K |
| Price per sq ft | $402 | $290 |
| Built year | 1986 | 0 |
| HOA | $146 | $0 |
| Days on market | 8 | 1260 |
Jul 14, 2026
$960,000
Initial Listing