
Phoenix, AZ 85042
Analysis of 2515 E VALLEY VIEW Drive, Phoenix, AZ 85042 is currently available with a list price of $4,000,000. 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.
The property is currently a vacant hillside lot with only a concrete slab and a dilapidated structure visible in photos. It is marketed as a 'to-be-built' opportunity, meaning there are currently no functional kitchens, bathrooms, or HVAC systems, and the value lies entirely in the land and architectural plans.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 48439, living area = 4000.
The property offers unobstructed panoramic views of city lights and sunsets, bordering the South Mountain Preserve on three sides for unparalleled privacy and direct trail access.
With hillside development and permitting nearly complete, the buyer can bypass the most time-consuming stages of construction, significantly shortening the project timeline.
The property is a to-be-built opportunity, which may not appeal to buyers requiring immediate housing or those unwilling to manage a long-term construction project.
Building on a dramatic hillside terrain typically involves higher construction costs and technical complexities compared to standard residential lots.
A rare opportunity to build a true statement home on one of the most dramatic hillside homesites in the Valley. Perched on over an acre, this elevated setting captures unobstructed panoramic views that stretch endlessly, delivering breathtaking sunsets and a nightly display of city lights that feel almost within reach. The combination of elevation, orientation, and surrounding protected land creates a setting that is both visually striking and incredibly private. Ideal canvas for a one-of-a-kind custom residence. This is a to-be-built opportunity with meaningful flexibility. Current architectural plans and concepts are in place, and buyers have the ability to connect directly with the architect/builder to refine, expand, or completely reimagine the design to suit their vision. Whether pursuing a modern hillside showpiece or a warm desert retreat, the homesite supports a wide range of possibilities, with build costs varying based on scope, finishes, and overall design intent. The proposed concept begins with approximately a 5,000 square foot footprint, thoughtfully designed to embrace the landscape and maximize the views. A key advantage of the layout is the ability to enclose extensive covered exterior areas, including the space between the main residence and garages as well as a floating patio, allowing the future owner to significantly expand the livable square footage while maintaining seamless indoor-outdoor flow. The result is a home that lives far beyond its initial footprint, designed for both everyday living and elevated entertaining. Set at the base of South Mountain Preserve and backing directly to the Mormon Trail, the property offers immediate access to over 25 square miles of protected Sonoran Desert. Step outside your front door and you are instantly connected to miles of hiking, mountain biking, and exploration, with the natural terrain becoming an extension of your backyard. With preserve land bordering the homesite on three sides, the sense of permanence, privacy, and view protection is exceptionally rare and highly sought after. Despite the quiet, retreat-like setting, the location remains highly connected. Just minutes from Phoenix Sky Harbor International Airport, Arizona State University, and Downtown Phoenix, this property offers the unique ability to enjoy a serene desert lifestyle without sacrificing convenience to the core of the city. A significant advantage to this offering is that the seller has already advanced the hillside development and permitting process to near completion, effectively removing one of the most time-consuming and complex steps of hillside construction. This positions a buyer to move forward with building in a fraction of the typical timeline, adding both immediate value and long-term appeal. The property is also cross listed as a land-only opportunity, providing flexibility for those who prefer to design and build independently. Architecturally significant renderings from the current architect/builder are available, offering a glimpse into the potential of what can be created on this extraordinary homesite. Opportunities like this are increasingly rare - where elevated views, protected desert surroundings, direct trail access, and central proximity all come together. This is more than a homesite; it is a chance to build a legacy property in one of the most visually compelling and naturally connected settings in Arizona.
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 | 70% |
| Square foot | 4,000 | 1,870 | 95% |
| Lot Size | 48,439 | 7,200 | 98% |
| Price | $4.00M | $399.0K | 99% |
| Price per sq ft | $1.0K | $228 | 99% |
| Built year | 2026 | 2001 | 99% |
| HOA | $0 | $95 | 35% |
| Days on market | 46 | 1444 | 1% |
May 1, 2026
$4,000,000
Initial Listing