40724 N CENTRAL Avenue, Phoenix, AZ 85086, Phoenix, 85086 - 4 bed, 2 bath
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Phoenix, AZ 85086
This Single Family Residence is a Strong Value Opportunity, listed at $785,000—positioned well below the $839,463 Fair Market Value by 6%. This valuation gap offers $54,463 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this home offers a Granite Kitchen, panoramic mountain views, and a 1-acre lot. With no HOA and a flexible floor plan, it is an ideal sanctuary for Owner-Occupants or lifestyle-focused buyers seeking privacy and desert charm.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40724 N CENTRAL Avenue Subject | $785,000* List Price | 4 | 2 | 2,628 | $319 | - |
A 509 E Seco Place Sold | $741,000 | 4 | 2 | 2,384 | $311 | 0.7 mi |
B 509 E SECO Place Sold | $741,000 | 4 | 2 | 2,384 | $311 | 0.7 mi |
C 509 E SECO Place Sold | $741,000 | 4 | 2 | 2,339 | $317 | 0.7 mi |
D 39730 N NEW RIVER Road Active Under Contract | $824,900 List Price | 4 | 2 | 2,311 | $357 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 2004, the property shows evidence of a high-end renovation within the last 5 years. The interior features modern wood-look flooring, updated bathrooms with contemporary vessel sinks and a clawfoot tub, and a fully equipped outdoor kitchen. The home is in mint condition with no visible maintenance needs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43772, living area = 2628.
Situated on a flat, one-acre lot bordering the Arizona Preserve with no HOA, offering unparalleled privacy and the freedom to utilize the land for RV storage or custom lifestyle needs.
The property features a massive RV gate and a fully equipped outdoor kitchen with a built-in BBQ and fire pit, perfectly positioned to capture panoramic mountain views.
The home operates on a five-home well-share agreement, which may be a concern for buyers who prefer the autonomy of a private well or municipal water services.
Built in 2004, the property may require cosmetic updates or mechanical refreshments to meet the expectations of buyers seeking a fully contemporary luxury aesthetic.
Experience true desert sanctuary living with the Arizona Preserve as your borrowed-backyard. Custom 4bedroom, single level ranch home located on private cul-de-sac, offers rare independence with 5-home well-share, no HOA, and a flat usable acre with room to live your lifestyle your way. Outside- a massive RV gate, covered outdoor kitchen with built-in BBQ, wood-burning fire pit & panoramic views. Inside- soaring vaulted ceilings & open-concept layout create an expansive living space. Kitchen features granite counters & pantry with seamless flow into dining & living spaces. Flexible 4th bedroom with custom cabinetry, sink, & private entrance works beautifully as a home office, studio, or workshop. Crisp desert evenings, a canopy of star & endless views -- where luxury meets desert charm.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 2,628 | 2,172 | 68% |
| Lot Size | 43,772 | 7,738 | 86% |
| Price | $785.0K | $460.0K | 85% |
| Price per sq ft | $299 | $238 | 79% |
| Built year | 2004 | 2003 | 57% |
| HOA | $0 | $259 | 18% |
| Days on market | 16 | 1892 | 0% |
May 21, 2026
$785,000
Initial Listing