428 E HEMINGWAY Lane, Phoenix, AZ 85086, Phoenix, 85086 - 4 bed, 3 bath
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Phoenix, AZ 85086
This Custom Build-to-Suit Estate represents a High-Potential Investment Opportunity with a List Price of $799,999—positioned well below the $927,765 Fair Market Value by 13%. This valuation gap provides $127,766 in Instant Equity for the incoming owner. Boasting a New Construction Condition Rating, the project features a 3,240 sqft floor plan, mountain views, and a 1.2-acre lot with no HOA. With permits and utilities already secured, the expedited 6-8 month timeline offers a streamlined path to a personalized sanctuary. This is an elite acquisition for Owner-Occupants or Lifestyle Buyers seeking modern desert luxury.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 428 E HEMINGWAY Lane Subject | $799,999* List Price | 4 | 3 | 3,240 | $286 | - |
A 509 E SECO Place Sold | $741,000 | 4 | 2 | 2,339 | $317 | 0.1 mi |
B 509 E Seco Place Sold | $741,000 | 4 | 2 | 2,384 | $311 | 0.1 mi |
C 509 E SECO Place Sold | $741,000 | 4 | 2 | 2,384 | $311 | 0.1 mi |
D 33 E TANYA Road Sold | $650,000 List Price | 4 | 3 | 2,550 | 0.6 mi | |
E 1044 E IRVINE Road Sold | $885,515 | 5 | 4 | 3,361 | $263 | 0.8 mi |
F 40627 N 6TH Avenue Active | $990,000 List Price | 4 | 5 | 3,247 | $305 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a build-to-suit new construction project with a 2026 completion date. As a brand-new custom home, all components including the kitchen, bathrooms, flooring, and major systems will be new and meet current modern quality standards with no deferred maintenance or physical depreciation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 53460, living area = 3240.
As a build-to-suit project, buyers have the unique opportunity to modify floor plans, elevations, and finishes to create a truly personalized custom home tailored to their specific needs.
With building permits, septic permits, and utilities already secured, the typical pre-construction hurdles are cleared, allowing for a relatively fast 6-8 month build time.
Since the home is not yet built, buyers must be prepared for a 6-8 month waiting period before move-in, which may not suit those with immediate housing needs.
The list price excludes upgrades and modifications, meaning the final cost could increase significantly depending on the buyer's choice of finishes and structural changes.
BUILD TO SUIT A great opportunity to enjoy the amazing sunsets from a custom home in the desert, Price includes the building permit, Septic Permit, electric and a 3 shared well. These have all been completed which allows us to build a home in 6-8 months. All upgrades are extra, changes may be made to the plans to accommodate buyers needs and make it theirs. Elevation may be changed. Builder is available to go over every aspect of the home you wish to build.
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 | 3,240 | 2,172 | 82% |
| Lot Size | 53,460 | 7,738 | 95% |
| Price | $800.0K | $460.0K | 86% |
| Price per sq ft | $247 | $238 | 54% |
| Built year | 2026 | 2003 | 100% |
| HOA | $0 | $259 | 18% |
| Days on market | 78 | 1893 | 0% |
Mar 21, 2026
$799,999
Initial Listing