27892 N 97TH Lane, Peoria, AZ 85383, Peoria, 85383 - 5 bed, 4 bath
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Peoria, AZ 85383
This Spacious Resort-Style Estate represents a High-Potential Investment Opportunity with a List Price of $985,000—positioned well below the $1,009,877 Fair Market Value by 2%. This valuation gap secures $24,877 in Instant Equity. While holding a Fair Condition Rating with original finishes, the property boasts a massive 19,707 sq. ft. lot, heated pebble-tec pool, and reinforced RV storage. Located near top-rated West Wing Elementary and Sandra Day O'Connor High, it offers immense upside through modernization. It is an elite acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27892 N 97TH Lane Subject | $949,000* List Price | 5 | 4 | 4,464 | $202 | - |
A 9660 W BENT TREE Drive Sold | $920,000 | 5 | 4 | 4,177 | $220 | 0.2 mi |
B 9601 W KEYSER Drive Active | $775,000 List Price | 5 | 4 | 4,633 | $167 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally well-maintained and move-in ready, but it remains largely in its original 2003 condition. While the 'resort-style' backyard is a significant asset, the interior features dated elements such as honey-oak cabinetry, a tiled range hood, glass block accents, and early-2000s light fixtures. Since the home is over 20 years old and lacks a comprehensive modern renovation, it aligns with the 'fair' criteria of being functional but aesthetically outdated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19707, living area = 4464.
Situated on a massive 19,000+ sq. ft. lot, the backyard features a heated pebble-tec pool, spa, and expansive lawn with stunning mountain views, perfect for high-end entertaining.
The property includes a wide RV gate and a massive reinforced concrete slab, providing ample on-site storage for motorhomes, boats, or a fleet of ATVs without the need for off-site facilities.
Built in 2003, some interior finishes and architectural details may feel dated compared to new luxury constructions, potentially requiring investment to modernize the aesthetic.
The scale of the oversized lot, combined with the heated pool and expansive landscaping, implies significant ongoing costs for utilities and professional upkeep.
Experience Arizona luxury at its finest in this immaculate 4,464 sq. ft. resort-style retreat. Situated on a massive 19,000+ sq. ft. lot with stunning mountain views, this 5-bedroom, 3.5-bath masterpiece is the ultimate entertainer's dream. The formal living room and dining area are perfect for hosting holiday gatherings. The functional kitchen features granite countertops, double ovens, gas range and opens up to the family room and custom bar. There is a on-suite bedroom downstairs, great for guests. The primary suite has his and her closets, a two way fireplace, soaking tub, walk in showers and extended vanity. There is a huge bonus room to use as a gym, play area, office, whatever you can imagine! Step out to the backyard which feels like a private oasis! Relax in the heated pebble... tec pool and spa, usable year-round. The covered patio and extended Ramada let you enjoy the expansive lawn, mature trees, mountain views and beautiful AZ sunsets. The wide RV gate leads to a massive, reinforced concrete slab to use for storing a motorhome, a boat or a fleet of ATVs! You have on-site space without the hassle or expense of off-site storage. With one of the biggest lots in the neighborhood, you have plenty of room for all your backyard dreams! Don't miss this opportunity to see this gem of a home.
No exterior & parking available.
Grades K-8 • 1.5 mi
Grades 9-12 • 7.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 83% |
| Baths | 4.0 | 3.0 | 72% |
| Square foot | 4,464 | 2,610 | 97% |
| Lot Size | 19,707 | 8,026 | 94% |
| Price | $949.0K | $438.5K | 91% |
| Price per sq ft | $213 | $187 | 54% |
| Built year | 2003 | 2008 | 22% |
| HOA | $420 | $170 | 78% |
| Days on market | 73 | 2394 | 0% |
May 15, 2026
$949,000
$965,000
-2% Price Drop
Initial Listing
Apr 24, 2026
$965,000
$985,000
-2% Price Drop
Initial Listing
Mar 26, 2026
$985,000
Initial Listing