2929 N 55th Place, Phoenix, AZ 85018, Phoenix, 85018 - 6 bed, 5 bath
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2929 N 55th Place
Phoenix, AZ 85018
ACTIVE
CONDITION: EXCELLENT
6Beds
5Baths
3,157Sq Ft
13,094Lot Size
Property Price
LIST PRICE$1,350,000
EST. MARKET VALUE
$1,560,106
13% BelowMARKET VALUE
SUMMARY
This Multi-Unit Residential Asset is a High-Potential Investment Opportunity, listed at $1,350,000—positioned well below the $1,560,106 Fair Market Value by 13%. This valuation gap offers $210,106 in Instant Equity. Featuring a Mint Condition Rating, the property includes a main house, detached casita, and two studio suites, plus a pebble-tec pool and spa. This versatile layout is ideal for Multigenerational Families or Investors seeking a high-yield, turnkey rental property in the prime Arcadia neighborhood.
Estimated Market Value
$1,560,106+$210,106 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Phoenix.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2929 N 55th Place Subject | $1,350,000* List Price | 6 | 5 | 3,157 | $494 | - |
A 5518 E THOMAS Road Active | $990,000 List Price | 4 | 3 | 2,220 | $446 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property is fully renovated with high-end finishes, including a remodeled kitchen with quartz countertops and designer touches. The interior features modern flooring, recessed lighting, and updated bathrooms across the main house and three additional living spaces. Given the recent comprehensive renovation and mint condition shown in images, it requires no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13094, living area = 3157.
- Exceptional Multi-Unit Versatility
The property features four distinct living spaces, including a 2,197 sqft main house, a 960 sqft detached casita, and two studio suites, offering rare flexibility for multigenerational living or guest accommodations.
- Resort-Style Outdoor Amenities
Situated on a spacious cul-de-sac lot, the backyard is a premier entertainment hub featuring a pebble-tec diving pool, hot tub, putting green, and direct views of Camelback Mountain.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
While fully renovated, the original 1955 construction may still present some of the structural or utility limitations inherent in older homes compared to modern new-builds.
- Average School Ratings
The assigned public schools for this address carry moderate ratings (5-6), which may be a consideration for families prioritizing the highest-ranked educational districts.
About 2929 N 55th Place
Arcadia living with room for everyone. This fully renovated single-story property offers four private living spaces on a 1/4 acre-plus cul-de-sac lot with no HOA: a main house (2,197 sf.), a detached casita with full kitchen, and two studio suites, each with its own bath, entrance, and laundry. Inside, a remodeled kitchen with quartz counters and designer finishes. The casita spans 960 sqft offering 1 bedroom, 1 bathroom a full kitchen and laundry. The resort backyard is built to entertain: a pebble-tec diving pool, hot tub, and putting green, all under Camelback Mountain views. Perfect for multigenerational living, guests, or a home office. Minutes to Old Town Scottsdale, Camelback hiking, Fashion Square, and Arcadia's best dining. One address, four ways to live - don't miss this one!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 13,094 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Phoenix Unified Schools
Tavan Elementary School
Grades PK-5 • 1.3 mi
5/10
Ingleside Middle School
Grades 6-8 • 0.5 mi
6/10
Arcadia High School
Grades 9-12 • 1.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,157 | 1,850.5 |
| Lot Size | 13,094 | 7,313 |
| Price | $1.35M | $481.7K |
| Price per sq ft | $428 | $289 |
| Built year | 1955 | 1987 |
| HOA | $0 | $175 |
| Days on market | 23 | 757 |
Pricing History
Listed for Sale
Aug 4, 2026
$1,350,000
Initial Listing