2242 E PALM Lane, Phoenix, AZ 85006, Phoenix, 85006 - 3 bed, 3 bath
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Phoenix, AZ 85006
This Modern Single-Family Residence represents a sophisticated lifestyle acquisition listed at $849,000, which aligns precisely with the $849,000 Fair Market Value. Maintaining a Condition Rating of 2, the 2011 construction features a Granite Kitchen with smart appliances and a seamless split floor plan. The property’s defining asset is the 1,000 sq ft Detached Workspace with 14-foot ceilings and RV-sized doors, offering rare utility in the heart of Phoenix. This turnkey home is perfectly suited for Creative Professionals or Owner-Occupants requiring a premium live-work sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2242 E PALM Lane Subject | $849,000* List Price | 3 | 3 | 3,006 | $282 | - |
A 2209 E WINDSOR Avenue Active Under Contract | $599,000 List Price | 3 | 3 | 1,913 | $313 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property, built in 2011, presents in like-new condition with extensive modern updates. The kitchen features contemporary white cabinetry, granite countertops, and brand-new stainless steel smart appliances. The interior boasts consistent modern flooring, neutral paint, and updated light fixtures. A significant value-add is the 1,000 sq ft detached, climate-controlled workspace with finished concrete floors, which appears recently completed and meticulously maintained.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13778, living area = 3006.
The 1,000 sq ft climate-controlled detached space with 14' ceilings and RV-sized doors offers exceptional flexibility for a home business, creative studio, or guest quarters.
Built in 2011, this property is significantly newer than many homes in the Green Gables area, featuring a desirable split floor plan and contemporary finishes like granite countertops and smart appliances.
While the listing notes three bathrooms, the main living quarters only feature two, with the third being a half-bath located in the detached structure, which may be less convenient for large families.
The high-end price point and specialized workshop space may limit the buyer pool to those specifically seeking a live/work setup rather than a traditional residential buyer.
A RARE GEM IN THE HEART OF GREEN GABLES/ENCANTO! Stunning 3BR/2BA split floor plan with a spacious primary suite featuring a huge walk-in closet and luxurious bath. Open kitchen with granite counters, breakfast bar, new appliances, and smart fridge overlooks a large covered patio and landscaped backyard. THE REAL SHOWSTOPPER? A detached 1,000 sq ft living/work space with soaring 14' ceilings, RV-sized doors, finished concrete flooring, and its own half bath. Fully climate-controlled, this incredible bonus space is ideal for guest quarters, a home business, creative studio, workshop, garage, or rec room—the possibilities are endless. Prime location with easy access to 202 & SR 51, close to downtown, Biltmore, and Arcadia. Don't miss this rare find with endless possibilities!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 82% |
| Square foot | 3,006 | 1,344 | 98% |
| Lot Size | 13,778 | 6,799 | 97% |
| Price | $849.0K | $415.3K | 98% |
| Price per sq ft | $282 | $327 | 44% |
| Built year | 2011 | 1944 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 366 | 1489 | 36% |
Apr 25, 2025
$849,000
Initial Listing