208 W PORTLAND Street 557, Phoenix, AZ 85003, Phoenix, 85003 - 2 bed, 3 bath
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Phoenix, AZ 85003
This Luxury Penthouse Residence is a High-Potential Investment Opportunity, listed at $1,650,000—positioned above the $1,576,549 Fair Market Value. While priced at a premium, the property offers an Excellent Condition Rating and rare architectural features, including a two-story slate fireplace and Viking chef's kitchen. Residents enjoy a lifestyle of convenience with rooftop pool access and proximity to the Japanese Friendship Garden. This sophisticated urban sanctuary is the ideal acquisition for Luxury Homebuyers or Urban Professionals seeking an enduring, move-in ready residence in Downtown Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 208 W PORTLAND Street 557 Subject | $1,598,000* List Price | 2 | 3 | 3,021 | $506 | - |
A 200 W PORTLAND Street 1217 Sold | $1,365,000 | 3 | 3 | 2,486 | $549 | 0.1 mi |
B 114 W ADAMS Street PH Pending | $1,550,000 List Price | 2 | 3 | 2,668 | $581 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007 (17 years old), this property falls within the 10-20 year age bracket for 'Good' condition. It is exceptionally well-maintained and move-in ready, featuring a high-end chef's kitchen with Viking appliances and quartz countertops. Significant system updates are noted, specifically two new HVAC systems and an RO water filtration system.
This penthouse offers a rare vantage point overlooking the Japanese Friendship Garden and Koi ponds, combined with a prime Downtown Phoenix location near Roosevelt Row and the light rail.
Designed by Davis Architecture, the residence features soaring walls of glass, a dramatic two-story slate fireplace, and a chef's kitchen equipped with premium Viking appliances and quartz countertops.
The property includes two brand-new HVAC systems, motorized blinds, and an RO water filtration system, ensuring modern comfort and efficiency in a luxury setting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3021, other record living area = 2689.
The monthly association fee of $2,093 is substantial, which may be a deterrent for buyers sensitive to high recurring monthly overhead.
The assigned public schools, Kenilworth Elementary and Central High School, have lower academic ratings (4 and 3 respectively), which could impact appeal for families with school-aged children.
Penthouse 557 at Portland Place is a rare architectural masterpiece with breathtaking views overlooking Phoenix's iconic Japanese Friendship Garden & Koi ponds. This stunning residence features soaring walls of glass, a striking wood & steel cable staircase, dramatic two-story slate 3-way fireplace. Chef's kitchen featuring Viking appliances, quartz ctrtops, and a Butler's pantry w/wine cooler; Built by Weitz Constr. and designed by acclaimed Davis Architecture, Portland place offers structural integrity, sound attenuation, expansive open living spaces, a rooftop pool, grilling and entertainment areas, fitness center, secure parking, along with breathtaking city, park and mountain views. This condo also features motorized blinds, RO water filtration syst, and two new HVAC systms. Portland Place's boutique scale and exceptional design have long distinguished it as one of Downtown Phoenix's most desirable residential communities. Whether you prefer walking, the convenience to the light rail, or biking on the Sonoran Bike Trail, the very best of Phoenix awaits outside your door. Explore Roosevelt Row's vibrant art scene, walk to award winning restaurants, entertainment venues, museums and sporting events. Penthouse 557 is more than a home. It is one of Downtown Phoenix's most exceptional and enduring luxury residences.
No exterior & parking available.
Grades PK-8 • 0.3 mi
Grades PK-8 • 1.4 mi
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,021 | - |
| Lot Size | 1,567 | - |
| Price | $1.60M | $310.8K |
| Price per sq ft | $529 | $272 |
| Built year | 2007 | 0 |
| HOA | $2093 | $0 |
| Days on market | 48 | 1408 |
Jun 20, 2026
$1,598,000
$1,650,000
-3% Price Drop
Initial Listing
Jun 5, 2026
$1,650,000
Initial Listing