2241 E DESERT Lane, Phoenix, AZ 85042, Phoenix, 85042 - 1 bed, 0 bath
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Phoenix, AZ 85042
Analysis of 2241 E DESERT Lane, Phoenix, AZ 85042 is currently available with a list price of $275,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1940 with no evidence of renovation, the 340 sqft structure is in dilapidated condition and is being marketed as a redevelopment opportunity for its land value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22433, living area = 340.
The expansive 22,433 sqft lot situated in an established neighborhood of custom homes provides a prime canvas for a luxury new-build or high-end residential redevelopment.
The property features desirable mountain views, a premium asset in the Phoenix market that significantly enhances the aesthetic appeal and future resale value of a custom residence.
With only 340 sqft of living space built in 1940, the existing structure is likely obsolete, essentially requiring the buyer to factor in demolition costs or a complete rebuild.
The property requires extensive buyer verification regarding zoning, utility access, and permitting, which introduces potential hurdles and additional costs before development can commence.
Unique opportunity in an established Phoenix neighborhood surrounded by beautiful custom homes. PLEASE NOTE: This parcel is one of two separately listed adjoining lots, each offered individually. Seller prefers to sell together with adjacent property located at 2237 E Desert Ln but will consider separate offers. Great potential for a custom home or redevelopment opportunity, subject to buyer verification of zoning, utilities, permitting, and intended use. Financing options may be available through Boomerang Acceptance LLC at 80% LTV; buyer to independently verify all financing terms and availability.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 340 | - |
| Lot Size | 22,433 | - |
| Price | $275.0K | $482.6K |
| Price per sq ft | $809 | $286 |
| Built year | 1940 | 0 |
| HOA | $0 | $0 |
| Days on market | 34 | 1359 |
Jun 12, 2026
$275,000
$299,000
-8% Price Drop
Initial Listing
May 22, 2026
$299,000
Initial Listing