3415 E CAMELBACK Road, Phoenix, AZ 85018, Phoenix, 85018 - 5 bed, 4 bath
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Phoenix, AZ 85018
This Arcadia Development & Income Asset is a High-Potential Investment Opportunity, listed at $950,000—positioned well below the $999,579 Fair Market Value by 4%. This valuation gap offers $49,579 in Instant Equity. The property features a Main House and Full Casita in Condition Rating 3, currently generating rental income on a 10,718 Sq Ft Flat Lot. Located in a high-growth corridor near Biltmore Preparatory Academy, it offers significant redevelopment upside through land assembly. This is an ideal acquisition for Custom Home Builders or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3415 E CAMELBACK Road Subject | $950,000* List Price | 5 | 4 | 2,829 | $353 | - |
A 4702 N 33RD Place Sold | $969,000 List Price | 4 | 4 | 2,561 | 0.2 mi | |
B 3201 E GEORGIA Avenue Sold | $1,153,000 List Price | 4 | 3 | 3,386 | 0.5 mi | |
C 3225 E SELLS Drive Sold | $950,000 | 3 | 3 | 2,450 | $388 | 0.6 mi |
D 3225 E SELLS Drive Sold | $950,000 | 3 | 3 | 2,700 | $352 | 0.6 mi |
E 3512 E HIGHLAND Avenue Sold | $849,000 List Price | 3 | 3 | 2,408 | 0.2 mi | |
F 3421 E CAMELBACK Road Active | $795,000 List Price | 4 | 3 | 2,003 | $397 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1959, the property has been extensively updated and is described as well-maintained and fully livable. Interior images reveal modern large-format tile and wood-look flooring, updated ceiling fans, skylights, and mini-split cooling systems. The property is currently rented, indicating that all major systems are functional and the home is in move-in ready condition, despite the listing's emphasis on future redevelopment potential.
Situated in the highly sought-after Arcadia area, this flat, usable lot offers a rare opportunity for redevelopment, especially with the option to assemble a larger parcel with the adjacent property for a custom build.
The property features a main house plus a full casita and is currently rented through September, providing immediate rental income and versatile living arrangements for future owners or investors.
Located in a high-growth neighborhood with strong surrounding comparable sales, this property ensures long-term value and appeal within one of Phoenix's most prestigious residential corridors.
Being situated directly on E Camelback Road, the property is subject to significant traffic noise and volume, which may impact residential privacy and tranquility compared to interior neighborhood lots.
The assigned high school carries a low rating of 3/10, which could be a deterrent for families prioritizing top-tier public education for their children.
INCREDIBLE OPPORTUNITY - Exceptional development opportunity in a prime Arcadia location. This property can be sold individually or together with the adjacent home, creating a rare chance to assemble a larger parcel ideal for redevelopment or future investment. Flat, usable land with strong surrounding comps and ongoing neighborhood growth make this a compelling option for builders, developers, or buyers seeking long-term value. The existing home is well maintained and fully livable with main house and full casita - currently being rented through September.
No exterior & parking available.
Grades K-8 • 0.3 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 81% |
| Baths | 4.0 | 3.0 | 63% |
| Square foot | 2,829 | 2,715 | 55% |
| Lot Size | 10,718 | 9,936 | 56% |
| Price | $950.0K | $1.15M | 44% |
| Price per sq ft | $336 | $471 | 36% |
| Built year | 1959 | 1961 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 1537 | 1% |
Feb 10, 2026
$950,000
Initial Listing