2140 E MOUNTAIN SKY Avenue, Phoenix, AZ 85048, Phoenix, 85048 - 3 bed, 2 bath
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Phoenix, AZ 85048
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well above the $509,351 Fair Market Value by -7%. Featuring a Condition Rating of 5, the home requires modernization to reach its full potential. However, the refinished pool and spa and mountain views provide a strong foundation for value-add renovations. Located in the desirable Mountain Park Ranch, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a project to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2140 E MOUNTAIN SKY Avenue Subject | $550,000* List Price | 3 | 2 | 1,817 | $280 | - |
A 2645 E AMBER RIDGE Way Sold | $549,900 List Price | 4 | 2 | 2,110 | 0.6 mi | |
B 2451 E INDIGO BRUSH Road Active Under Contract | $489,000 List Price | 3 | 2 | 1,647 | $297 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 36 years old (built 1990) and retains its original kitchen and bathroom finishes, including oak cabinetry and laminate countertops. Based on the criteria for homes over 30 years old, the interior is considered old-fashioned and requires major updates/rehab to meet modern standards, despite the refinished pool.
The property features a recently refinished pool and spa paired with scenic mountain views, offering a premium outdoor living experience in the desirable 85048 zip code.
The 1,817 sqft layout includes three bedrooms plus a spacious den and separate living/family areas, providing excellent flexibility for families or remote work.
Located in Mountain Park Ranch, residents benefit from extensive amenities including pickleball courts, multiple pools, and direct access to South Mountain hiking trails.
Identified as a long-term rental home, the property may require cosmetic refreshing or deferred maintenance repairs to meet the standards of an owner-occupant buyer.
Built in 1990 with no mention of interior upgrades, the home likely requires modernization of the kitchen and bathrooms to compete with renovated properties in the area.
This inviting single-level home in desirable Mountain Park Ranch features a fantastic floor plan with 3 bedrooms plus a spacious den, a big family room, and a separate living room with formal dining area--perfect for everyday living and entertaining. The home also includes a 2.5-car garage and offers a solid, functional layout. Enjoy your private backyard oasis with a beautifully refinished pool and spa, ideal for year-round enjoyment in sunny Arizona. Long term rental home. Mountain Park Ranch residents love the community amenities: multiple pools, tennis and pickleball courts, playgrounds, sports courts, greenbelts, walking paths, and easy access to South Mountain trails. Great opportunity in one of Phoenix's most sought-after communities. Single-story living at its best!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,817 | 2,202 | 36% |
| Lot Size | 6,307 | 6,998 | 35% |
| Price | $550.0K | $430.0K | 63% |
| Price per sq ft | $303 | $224 | 77% |
| Built year | 1990 | 1992 | 37% |
| HOA | $219 | $204 | 83% |
| Days on market | 26 | 1717 | 0% |
May 21, 2026
$550,000
Initial Listing