2616 W CANYON Road, Phoenix, AZ 85086, Phoenix, 85086 - 4 bed, 4 bath
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Phoenix, AZ 85086
This Multigenerational Residential Estate is a High-Potential Investment Opportunity, listed at $1,590,000—positioned slightly above the $1,518,581 Fair Market Value. Featuring a Mint Condition Rating following comprehensive renovations, the property includes a main residence and a detached casita, totaling 10-car garage capacity and a diving pool with grotto. With its unique dual-living configuration and significant capital improvements like new solar and HVAC, this asset offers exceptional utility for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2616 W CANYON Road Subject | $1,590,000* List Price | 4 | 4 | 3,640 | $417 | - |
A 36518 N 29th Lane Sold | $1,203,000 | 4 | 3 | 3,349 | $359 | 1.0 mi |
B 36518 N 29TH Lane Sold | $1,203,000 | 4 | 3 | 3,349 | $359 | 1.0 mi |
C 38718 N 24TH Avenue Active | $1,300,000 List Price | 4 | 4 | 2,926 | $444 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 2003, the property has undergone a comprehensive renovation within the last 5 years. The listing confirms a new roof, new AC, and new windows. Interior images show a modern kitchen with shaker cabinets and stainless appliances, updated bathrooms with contemporary fixtures, and new flooring throughout, meeting the criteria for mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43565, living area = 3640.
The property features two distinct residences on a one-acre lot, including a fully equipped detached casita with its own kitchen and laundry, ideal for extended family or generating rental income.
Boasts a rare 10-car total garage capacity, including a massive 1,100 sq. ft. 6-car detached garage with built-in ductwork, catering perfectly to car enthusiasts or those needing extensive workshop space.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3640, other record living area = 2281.
The combination of a full acre lot, a diving pool with complex grotto/waterfall features, and two separate homes requires substantial ongoing maintenance and utility management.
The specific layout of 10 garage stalls and dual living quarters creates a specialized property profile that may limit the pool of traditional buyers, potentially leading to longer market times.
TWO HOMES ON ONE ACRE with a total of 10 CAR GARAGES between the two homes; plus a diving pool with a grotto and water fall! This is a great set up for MULTIGENERATIONAL LIVING or an INCOME PRODUCING RENTAL. The main home is 2800 sq. ft. , includes 3 bedrooms, 2.5 baths, plus a 500 square foot bonus room that can be an office, or anything you need it for (with it's own AC unit). Everything in the home is either new or updated, including new roof, new AC, new windows, solar and more! The main home has an attached 4 car garage. The DETACHED CASITA is one-bedroom, with a living room, a full kitchen and its own laundry facilities, plus its own huge attached 6 CAR GARAGE (1100 sq ft) with built in duct work for AC.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 84% |
| Square foot | 3,640 | 2,172 | 93% |
| Lot Size | 43,565 | 7,738 | 83% |
| Price | $1.59M | $460.0K | 99% |
| Price per sq ft | $437 | $238 | 98% |
| Built year | 2003 | 2003 | 50% |
| HOA | $0 | $259 | 18% |
| Days on market | 15 | 1892 | 0% |
May 22, 2026
$1,590,000
Initial Listing