
Phoenix, AZ 85018
This High-Potential Arcadia Redevelopment is a High-Potential Investment Opportunity listed at $2,395,000—positioned well below the $2,740,390 Fair Market Value by 12%. This valuation gap offers $345,390 in Instant Equity for buyers. While the residence maintains a Condition Rating of 4, it is sold "as-is," with primary value residing in the expansive 16,800 sqft lot and unobstructed Camelback Mountain views. Located in the elite Hidden Village enclave, this property serves as a premier canvas for Luxury Developers or Owner-Builders seeking a custom estate site.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3630 N 54TH Court Subject | $2,100,000* List Price | 4 | 3 | 2,320 | $1,001 | - |
A 3617 N 47TH Place Sold | $2,500,000 | 3 | 2 | 2,350 | $1,064 | 0.8 mi |
B 4851 E CALLE TUBERIA -- Active | $2,199,000 List Price | 4 | 3 | 2,456 | $895 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1962, is exceptionally well-maintained but reflects its age through a mix of updated and dated elements. The kitchen has been partially modernized with white cabinetry and stone countertops, and the main living areas feature newer wood-look flooring. However, other areas contain dated patterned carpeting and older light fixtures. While the home is move-in ready and functional, the 'as-is' listing status and the high land-to-structure value ratio in the Arcadia area indicate that the building is approaching the end of its functional lifespan for the neighborhood's current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16800, living area = 2320.
Situated in the highly coveted 85018 zip code within the Hidden Village subdivision, this property offers elite positioning near Camelback Mountain and luxury amenities.
The generous 16,800 square foot lot provides a rare footprint for the area and features desirable mountain views, significantly increasing its redevelopment appeal.
The property is being sold in its present condition, which necessitates a buyer prepared for significant capital expenditure for repairs or a complete teardown.
At a list price of nearly $2.4M for a 2,320 square foot 1960s home, the value is almost entirely in the land, which may limit the pool of traditional residential buyers.
Rare opportunity in ARCADIA PROPER. Charming ranch-style home on a 16,800 sq ft lot tucked away on a cul-de-sac with abandoned alleys and no thru traffic. Just a short distance to Hopi Elementary School. This property delivers the popular Arcadia lifestyle today with exceptional potential for future vision and growth. The property is to be sold in its present condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,320 | 2,705 | 37% |
| Lot Size | 16,800 | 9,936 | 74% |
| Price | $2.10M | $1.20M | 77% |
| Price per sq ft | $905 | $473 | 86% |
| Built year | 1962 | 1961 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 1537 | 0% |
Apr 21, 2026
$2,100,000
$2,385,000
-12% Price Drop
Initial Listing
Apr 8, 2026
$2,385,000
$2,395,000
+0% Price Increase
Initial Listing
Feb 27, 2026
$2,395,000
Initial Listing