
Phoenix, AZ 85016
This Biltmore Estate Value-Add Asset is a High-Potential Investment Opportunity listed at $3,899,000, aligning with its $3,868,788 Fair Market Value. With a Condition Rating of 4, the property offers $3,101,000 in Potential Equity based on a projected $7,000,000 post-renovation valuation. This 7,199 sqft build features panoramic mountain views, a sparkling pool and spa, and a 3-car garage on a 29,450 sqft lot with No HOA. This is a high-upside acquisition for Luxury Developers or Owner-Occupants.
Property is moderate renovation needed.
Built in 1996, this property is nearly 30 years old and retains most of its original 'classic' finishes, including dated white cabinetry, dark countertops, and extensive carpeting. While the home is well-maintained and structurally sound, the interior styles, fixtures, and appliances are outdated for the luxury Biltmore market. The listing itself highlights a significant value increase post-renovation, confirming that while functional, the home requires comprehensive cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29450, living area = 7199.
Situated in the prestigious Biltmore area across from the Wrigley Mansion, this estate was custom-built by renowned developer Bill Gosnell as his personal residence, ensuring exceptional structural integrity and a high-status address.
With a projected post-renovation value of approximately $7M, the property offers a significant investment opportunity for buyers looking to build equity through a custom modernization of a 7,200 sqft luxury footprint.
The interior features 'classic' finishes such as carpeted living areas and older cabinetry styles that likely require a full cosmetic overhaul to align with modern luxury expectations.
Realizing the home's full $7M potential necessitates a large-scale renovation project, which involves substantial additional capital, time, and management that may not appeal to turn-key buyers.
Unlock the best of the Biltmore! With a projected value of close to $7M post renovation, this 7200sqft Biltmore gem positioned at nearly the same elevation and across from the Wrigley Mansion, presents a uniquely rare opportunity. The home was thoughtfully designed and built by Bill Gosnell, who originally constructed it as his personal residence. Gosnell is widely recognized for designing and developing the Pointe Hilton Resorts in Phoenix, along with many other iconic real estate throughout the Valley. Needless to say, the structural quality and integrity of this prime location property meets the highest standards. Enjoy the home's classic beauty as it is or let us transform it with a custom remodel tailored to your vision. NO HOA! Split floor plan featuring a carpeted living room, plantation shutters in select windows, two convenient powder rooms for guests, & custom paint finishes. The kitchen has white cabinetry, dark counters, built-in appliances, a large breakfast bar island, & a pass-through window. Adjacent, the inviting family room showcases a gas fireplace, a stylish dry bar, & multi-slider doors to the backyard. The primary suite offers direct outdoor access, two walk-in closets, a private bathroom, & direct access to a spacious office. The office includes its own exterior access! Additionally, generously sized bedrooms each include walk-in close. Downstairs, the walk-out basement expands the living space with a two-way fireplace, an oversized bonus room with mirrored-door closets & a large utility room, & extra bedrooms. A laundry room with a sink & cabinetry adds everyday convenience! The property also provides a 3-car garage with built-in cabinetry + gated extra-long driveway. Outdoors, enjoy artificial turf, multiple covered patios, a large balcony, a sparkling blue pool, & breathtaking mountain views. See it, love it, live it!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 99% |
| Baths | 7.0 | 2.0 | 100% |
| Square foot | 7,199 | 1,886.5 | 100% |
| Lot Size | 29,450 | 8,294 | 97% |
| Price | $3.50M | $595.0K | 99% |
| Price per sq ft | $486 | $354 | 78% |
| Built year | 1996 | 1955 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 1490 | 0% |
Apr 21, 2026
$3,500,000
$3,899,000
-10% Price Drop
Initial Listing
Mar 8, 2026
$3,899,000
Initial Listing