
Mesa, AZ 85213
This Luxury Estate represents a Strong Value Opportunity, listed at $2,000,000—positioned well below the $2,191,324 Fair Market Value by 8%. This valuation gap offers $191,324 in Instant Equity. Featuring a Mint Condition Rating following extensive renovations, the home includes a gourmet chef's kitchen, detached casita, and resort-inspired backyard. Located near top-rated Franklin Elementary, this property balances high-end lifestyle amenities with significant financial upside. It is an ideal acquisition for Owner-Occupants seeking a turnkey sanctuary or Luxury Investors targeting premium assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3446 E KNOLL Street Subject | $1,850,000* List Price | 6 | 7 | 6,003 | $335 | - |
A 3322 E JAEGER Circle Active Under Contract | $1,500,000 List Price | 4 | 4 | 4,546 | $330 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 2004, the property underwent an extensive high-end renovation within the last 3 years. The interior features a modern gourmet kitchen, marble primary bath, and updated finishes throughout, meeting the criteria for a recent renovation in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28570, living area = 6003.
Elementary School: Franklin Elementary School (9/10).
Listed at $2,000,000 following a recent $2,350,000 corporate acquisition, this property offers immediate value and a rare liquidation-driven price point for a luxury estate in Hermosa Groves South.
With over 6,000 square feet of living space and a $799 association fee, the ongoing expenses for utilities, landscaping, and HOA dues represent a significant monthly financial commitment.
While the local elementary schools are top-rated at 9/10, the assigned junior high and high schools carry lower ratings of 6/10 and 5/10, which may be a concern for education-focused families.
A RARE OPPORTUNITY - Purchased three years ago as a ''forever family home,'' this luxury estate was extensively upgraded and thoughtfully reimagined before unexpected life changes relocated the owners out of state. The result is a unique opportunity to own a residence crafted to be a long-term sanctuary for gathering, celebrating, relaxing, and truly living well. Last fall, a corporation acquired the property for $2,350,000, and it is now being offered as part of a strategic liquidation, reflected in the list price. From the moment you arrive, the estate delivers a sense of scale, elegance, and warmth. Highlights include a gourmet chef's kitchen, stunning primary suite with marble bath, dramatic winding staircase, multiple patios, extra garage spaces, and a resort-inspired, eye-popping backyard designed for both everyday enjoyment and unforgettable occasions. A home ideal for hosting milestone events: birthdays, graduations, anniversaries, holiday gatherings, and even weddings. The home features several extraordinary spaces not photographed because better to experience in-person to best appreciate such amenities as: The exquisite butler's pantry, upstairs loft/library, oversized laundry room, jaw-dropping walk-in closet, expansive private balcony, and detached casita complete with full kitchen and its own garage. Just outside your front door is the added bonus of an expansive green-belt park that feels like an extension of your property... ideal for sunset walks, play, kids, and dogs. The photos taken simply fall short of what you will feel when visiting this home. The question should NOT be when to see, but rather HOW SOON can it be seen? Do reach out, for we are standing by to let you in... for opportunities like this, where design, upgrades, and circumstances align are very rare!
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades K-6 • 4.2 mi
Grades PK-6 • 4.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 95% |
| Baths | 7.0 | 3.0 | 98% |
| Square foot | 6,003 | 2,398 | 98% |
| Lot Size | 28,570 | 9,287 | 92% |
| Price | $1.85M | $476.8K | 98% |
| Price per sq ft | $308 | $250 | 89% |
| Built year | 2004 | 1998 | 56% |
| HOA | $799 | $81 | 98% |
| Days on market | 25 | 2232 | 2% |
Jun 1, 2026
$1,850,000
$1,900,000
-3% Price Drop
Initial Listing
May 29, 2026
$1,900,000
$1,950,000
-3% Price Drop
Initial Listing
May 25, 2026
$1,950,000
$2,000,000
-2% Price Drop
Initial Listing
May 13, 2026
$2,000,000
Initial Listing