2842 E ROCKWOOD Drive, Phoenix, AZ 85050, Phoenix, 85050 - 3 bed, 2 bath
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Phoenix, AZ 85050
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $675,000—positioned above the $648,121 Fair Market Value. While priced at a premium, the property is in Mint Condition and currently operates as a successful short-term rental. Featuring a heated pool, putting green, and updated kitchen with quartz countertops, this home offers immediate revenue potential or a seamless move-in experience. Its strategic location near the Loop 101 and SR-51 ensures high demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lifestyle-focused, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2842 E ROCKWOOD Drive Subject | $670,000* List Price | 3 | 2 | 1,883 | $345 | - |
A 2403 E Rosemonte Drive Sold | $495,000 | 4 | 2 | 1,758 | $282 | 0.6 mi |
B 2833 E RENEE Drive Sold | $549,900 | 3 | 2 | 1,883 | $292 | 0.1 mi |
C 3129 E Oraibi Drive Sold | $652,000 | 3 | 2 | 1,889 | $345 | 0.6 mi |
D 2534 E Wescott Drive Sold | $483,000 | 3 | 2 | 1,541 | $313 | 0.5 mi |
E 3618 E RENEE Drive Sold | $679,000 | 3 | 2 | 1,722 | $394 | 0.9 mi |
F 3117 E ESCUDA Road Sold | $500,000 | 3 | 2 | 1,509 | $331 | 0.9 mi |
G 3425 E SEQUOIA Drive Sold | $580,000 | 4 | 2 | 1,840 | $315 | 0.8 mi |
H 3401 E ORAIBI Drive Sold | $710,000 | 4 | 3 | 2,014 | $353 | 0.8 mi |
I 3244 E ROSEMONTE Drive Active | $565,000 List Price | 4 | 2 | 1,946 | $290 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1999, the property has undergone a comprehensive recent renovation (within the last 5 years) featuring a modern kitchen with quartz countertops and Bosch appliances, updated bathrooms with contemporary gold fixtures, and new wood-look tile flooring. The home is in mint, turnkey condition with a fully upgraded backyard oasis.
The property is a successful, active short-term rental with no HOA restrictions and is sold fully furnished, offering an immediate revenue stream or a seamless move-in for a primary buyer.
The backyard is a highly desirable 'oasis' featuring a heated pool and a private putting green, which are significant value-add features for the Phoenix market and vacation rental appeal.
Ideally positioned near the Loop 101 and SR-51 interchange, providing excellent accessibility to major employment hubs and high-end retail at Desert Ridge and Kierland Commons.
With a lot size of 5,825 square feet, the outdoor space may feel crowded when accommodating a pool, putting green, and the home's footprint, offering limited privacy from neighbors.
Built in 1999, the property is approaching a 25-year lifecycle where major mechanical systems or structural components like the roof and HVAC may require significant maintenance or replacement soon.
Turnkey primary residence or investment opportunity with a true backyard oasis. Currently operating as a successful short-term rental, this recently renovated home offers exceptional indoor and outdoor living. Features include a heated pool, putting green, game room, security system, and a beautifully updated kitchen with quartz countertops. Conveniently located near the Loop 101 and SR-51, just 4 miles from Desert Ridge Marketplace and 8 miles from Kierland Commons. Sold fully furnished and move-in ready. No HOA.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,883 | - |
| Lot Size | 5,825 | - |
| Price | $670.0K | $495.4K |
| Price per sq ft | $356 | $290 |
| Built year | 1999 | 0 |
| HOA | $0 | $0 |
| Days on market | 50 | 1260 |
Jul 11, 2026
$670,000
$675,000
-1% Price Drop
Initial Listing
Jun 3, 2026
$675,000
Initial Listing
Jul 14, 1999
$134,921
Public Record