29707 N 118TH Drive, Peoria, AZ 85383, Peoria, 85383 - 5 bed, 4 bath
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Peoria, AZ 85383
This Luxury Multi-Generational Estate is a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,284,944 Fair Market Value by 6%. This valuation gap offers $84,944 in Instant Equity. Boasting an Excellent Condition Rating, the residence features a resort-style backyard with a swim-up bar, paid-off solar panels, and a massive 5-car garage with a casita. Located near top-rated schools like Vistancia Elementary, it balances elite lifestyle amenities with immediate financial upside. This is an ideal acquisition for Luxury-Seeking Families or Multi-Generational Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29707 N 118TH Drive Subject | $1,200,000* List Price | 5 | 4 | 4,000 | $309 | - |
A 30206 N 117th Drive Sold | $848,315 List Price | 4 | 4 | 3,982 | 0.3 mi | |
B 12406 W MORNING VISTA Lane Active | $1,350,000 List Price | 5 | 5 | 4,353 | $310 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2015, this property meets the under 10-year age criteria for excellent condition. The home is in mint condition with a modern kitchen featuring granite counters and stainless steel appliances, updated bathrooms, and high-end systems including paid-off solar panels and a 5-car garage.
The property features an extraordinary outdoor space including a sparkling pool with a swim-up bar, a sunken BBQ lounge, a custom pergola, and a fire pit, perfect for high-end entertaining.
With an attached casita and a massive 5-car garage featuring a 900 sqft addition, this home offers unparalleled flexibility for multi-generational living, a home gym, or a private studio.
The inclusion of fully paid-off solar panels provides a significant long-term financial advantage by reducing utility costs in the Arizona desert climate.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4000, other record living area = 3051.
The $484 association fee represents a significant recurring expense that may impact the overall monthly carrying costs for prospective buyers.
While elementary schools are conveniently located within two miles, the designated high school is over five miles away, which may be a drawback for families with older children.
VA Assumable loan w/ low interest rate for qualified buyers! This home exudes pride of ownership! Stunning interior w/ tile flooring, 4'' plantation shutters, recessed lighting, surround sound. The living room flows into family room w/ a cozy fireplace & built-in media niche. The kitchen features SS appliances, granite counters, a center island w/breakfast bar, tile backsplash,cabinetry w/crown moulding, a butler's service area, & a walk-in pantry. The luxurious main suite w/ a lavish bathroom offering a dual sink vanity w/makeup area, tiled shower, & walk-in closet. Pool w/ a custom built pergola, sunken BBQ lounge & a swim up pool bar. PAID off solar panels, BEST PART- 5 car garage w/ a 900 sq ft addition that could be used for a man cave, gym, mutli gen casita, endless possibilities! Additional highlights include a functional mudroom & a well-equipped laundry room w/cabinetry & stacked washer/dryer. The attached casita is perfect for guests or multi-generational living, including its own open living space, kitchenette, walk-in closet/pantry, & full bathroom. Serene backyard has multiple seating areas, a fire pit, a sparkling blue pool, Ramada w/sunken built-in BBQ, & covered patio. This remarkable property is sure to sell fast!
No exterior & parking available.
Grades PK-8 • 1.0 mi
Grades PK-8 • 2.1 mi
Grades PK-8 • 6.9 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 | 4,000 | 2,610 | 93% |
| Lot Size | 15,119 | 8,026 | 88% |
| Price | $1.20M | $438.5K | 94% |
| Price per sq ft | $300 | $187 | 82% |
| Built year | 2015 | 2008 | 67% |
| HOA | $484 | $170 | 80% |
| Days on market | 45 | 2393 | 0% |
Apr 23, 2026
$1,200,000
Initial Listing