
Phoenix, AZ 85016
This Architectural Mid-Century Modern Asset represents a Strong Value Opportunity with a List Price of $1,799,000—positioned well below the $1,987,985 Fair Market Value by 9%. This valuation gap provides $188,985 in Instant Equity for a strategic renovation. Despite its Condition Rating of 5, the property offers rare Panoramic Valley Views and Architectural Significance on a hillside lot near Madison #1 Elementary. With a flexible split floorplan, this high-upside project is perfectly suited for Luxury Fix-and-Flip Investors or Design-Focused Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2141 E PALO VERDE Drive Subject | $1,799,000* List Price | 4 | 4 | 3,813 | $521 | - |
A 2231 E MONTEBELLO Avenue Sold | $2,100,000 | 4 | 4 | 3,814 | $551 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1957 and sold in 'as-is' condition, this property is described as an ideal candidate for a full renovation. While architecturally significant, the interior shows substantial wear and tear, including heavily stained carpeting, outdated fixtures, and original 1950s systems that require comprehensive modernization and rehabilitation to meet current living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 38315, living area = 3813.
This unique Mid-Century Modern ranch, likely designed by Mel Ensign, features custom block construction and original millwork, offering a rare opportunity for preservationists and design enthusiasts.
Situated on a hillside rocky knoll, the property boasts floor-to-ceiling windows and a cantilevered balcony providing sweeping views of Downtown Phoenix and the surrounding Valley.
The property is sold in 'as-is' condition and requires a comprehensive renovation to modernize the 1957 systems and finishes while maintaining its architectural integrity.
The designated high school for this area has a lower performance rating, which may be a consideration for families prioritizing top-tier public education.
Welcome to one of the most unique and significant homes in Biltmore East. This 4 bed/4bath home was most likely designed by Mel Ensign, architect and draftsman for the well-known Phoenix firm, Lescher & Mahoney. This home is an ideal subject for a thoughtful renovation. Don't let this hillside opportunity slip through your fingers! Home is sold AS-IS and priced BELOW appraisal! This low slung, single-story Mid-Century Modern ranch home sits on nearly an acre and wraps around a rocky knoll in the middle of a picturesque culdesac on Palo Verde Dr. As you enter the front door on the north side of the home, you are immediately met by the massive rock fireplace and original millwork. Stepping into the living room, enjoy views overlooking the Valley toward the south and Downtown Phoenix from the floor to ceiling windows. The split floorplan offers the west wing with its own entrance, which could be utilized as guest quarters, a primary suite, or an Airbnb opportunity, including a large bedroom, walk-in closet and bathroom which has an additional closet. The east end of the home is comprised of the kitchen, dining room, 3 additional bedrooms and bathrooms and an upstairs studio space with its own entrance and incredible natural light. Crafted with lasting quality, this solid home features custom block construction and floor-to-ceiling windows that span the entire length of the south side of the home. The cantilevered concrete and rock balcony wraps the back of the house and offers sweeping views of the Valley. The balcony also hosts the original glass and steel exterior sun room, located just off the dining room. Traveling down the stairs to the west of the 2-car garage, you'll find mature desert landscaping which hosts a delightful assemblage of wildlife and birds, a true natural habitat. An opportunity such as this rarely comes around! Don't miss it! About the Architect: According to local historian Donna Reiner, PhD, Ensign designed at least 6 documented homes including his own, as well as the pink "Cupcake Church" located at 16th Ave and Indian School. The Wallace House at 2123 East Bethany Home Road and the Ensign House at 2200 East Bethany Home (demolished) are almost "bookends" to the house at 2141 East Palo Verde Dr. Pictures of the Wallace house and descriptions of Ensign's personal home have enough similarities to 2141 East Palo Verde Drive to make the speculation that Ensign designed it. There is the use of rock and other natural elements, the massive fireplace, the siting of the house and the rooms to provide spectacular views of the valley, the porches, and the simplistic, but elegant design in all three homes. The full report and appraisal are available upon request. Black and white photos are from 1970s when the home was purchased from the original owner.
No exterior & parking available.
Grades 5-8 • 0.7 mi
Grades PK-4 • 1.3 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 4.0 | 2.0 | 86% |
| Square foot | 3,813 | 1,886.5 | 96% |
| Lot Size | 38,315 | 8,294 | 97% |
| Price | $1.80M | $595.0K | 90% |
| Price per sq ft | $472 | $354 | 76% |
| Built year | 1957 | 1955 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 1490 | 0% |
Mar 1, 2026
$1,799,000
Initial Listing