2402 E ESPLANADE Lane PH1, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 3 bath
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Phoenix, AZ 85016
This Luxury Penthouse Residence is listed at $3,500,000, representing a rare, high-end acquisition in the Biltmore area. While the price sits above the $3,242,305 Fair Market Value, it reflects the unit's status as the only penthouse with unrivaled panoramic views of Downtown and Camelback Mountain. Featuring an Excellent Condition Rating from a 2021 high-end remodel, the interior showcases a chef’s kitchen with Wolf and Sub-Zero appliances. Served by the Madison School District, this move-in-ready sanctuary is perfect for luxury downsizers or seasonal residents seeking an elite urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2402 E ESPLANADE Lane PH1 Subject | $3,500,000* List Price | 3 | 3 | 3,350 | $968 | - |
A 2 BILTMORE Estate 211 Sold | $4,100,000 | 4 | 4 | 3,950 | $1,038 | 1.0 mi |
B 2402 E Esplanade Lane 902 Active | $2,750,000 List Price | 2 | 3 | 3,550 | $775 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This penthouse underwent an extensive high-end renovation in 2021, placing it well within the 5-year window for excellent condition. The interior features a designer contemporary aesthetic with a chef's kitchen equipped with premium Wolf and Sub-Zero appliances, modern cabinetry, and high-quality finishes. The flooring, lighting, and custom built-ins throughout the property appear virtually new with no signs of deferred maintenance.
As the only penthouse capturing views of Downtown, Camelback Mountain, and Piestewa Peak, this unit offers a unique and highly desirable visual perspective of the Phoenix skyline and landscape.
Extensively renovated in 2021, the interior features a contemporary designer aesthetic and a chef’s kitchen equipped with premium Wolf and Sub-Zero appliances.
Residents benefit from 24/7 concierge and valet services, a rooftop pool, and a prime location within walking distance to Biltmore Fashion Park.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The monthly association fee of $4,352 is exceptionally high, significantly increasing the ongoing cost of ownership compared to other luxury properties.
The assigned public schools for this address have ratings between 3 and 4, which may be a drawback for families seeking high-performing educational districts.
The crown jewel of the ultra luxurious Esplanade Place, Penthouse 1 is the only penthouse unit to capture views of Downtown, Camelback, and Piestewa Peak. Remodeled in 2021, this designer touched masterpiece brings an eloquent, timeless styling of contemporary throughout its spacious 3,350 sq ft floor plan. The chef's kitchen features a gas Wolf cooktop, island, and Sub Zero fridge. Esplanade Place features 24/7 concierge services, valet, workout room, locker rooms with steam saunas, rooftop pool, and more, providing its residents with peak convenience and security. Walking distance to Biltmore Fashion Park, this penthouse provides easy access to some of Phoenix's best shopping and dining. Just 8 miles from Sky Arbor, living at Esplanade creates easy travelling for its residents.
No exterior & parking available.
Grades PK-4 • 0.6 mi
Grades 5-8 • 1.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 86% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 3,350 | 1,189 | 97% |
| Lot Size | 3,225 | 1,008 | 89% |
| Price | $3.50M | $381.5K | 98% |
| Price per sq ft | $1.0K | $312 | 99% |
| Built year | 2002 | 1984 | 70% |
| HOA | $4352 | $365 | 99% |
| Days on market | 13 | 1430 | 1% |
Apr 13, 2026
$3,500,000
Initial Listing