
Phoenix, AZ 85003
Analysis of 46 W PALM Lane, Phoenix, AZ 85003 is currently available with a list price of $1,985,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Originally built in 2008, this property is currently undergoing a full luxury renovation with high-end designer finishes, natural stone surfaces, and a chef's kitchen. As a 'fully reimagined' residence with expected completion in late fall, it meets the criteria for a <5-year renovation in mint condition.
Undergoing a full reimagining by The Coveted Group, this residence features high-end designer finishes, custom cabinetry, and natural stone surfaces, offering a turnkey luxury experience in a historic-style brownstone.
The expansive 5,184 square foot interior is spread across five stories, all seamlessly connected by a private elevator, ensuring accessibility and convenience rarely found in vertical urban living.
Situated along the iconic Central Avenue Corridor, the property offers a sophisticated 'lock and leave' lifestyle within walking distance of the Phoenix Art Museum, fine dining, and cultural landmarks.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The five-story layout may feel segmented to some buyers, and the reliance on an elevator for daily movement between primary living areas and bedrooms can be a drawback compared to traditional floor plans.
The assigned public schools for this location, such as Central High School and Ralph Waldo Emerson, have lower performance ratings, which may be a concern for families prioritizing top-tier educational districts.
Expected Completion: Late Fall. Rare opportunity to own a fully reimagined red brick brownstone style residence at Chateaux on Central in the heart of Midtown Phoenix. Originally built in 2008 and now undergoing a luxury renovation, this gated residence offers more than 5,000 square feet across five stories, with 5 bedrooms, 6 full bathrooms, 2 powder rooms, and a private elevator connecting every level. Thoughtfully redesigned by The Coveted Group under the direction of Derrick Grahn, whose influence helped shape the iconic Flora Farms in Los Cabos, the home reflects a focus on quality, livability, and timeless design. Designer finishes, custom cabinetry, natural stone surfaces, and expansive living spaces create an environment equally suited for everyday living and entertaining. The chef's kitchen is centered around an oversized island with abundant storage and refined finishes. The primary suite serves as a private retreat featuring its own terrace with city views. Additional features include a private 2 car garage, gated entry, generous storage, and a lock and leave lifestyle. Set back from the street with private driveway access, the residence offers an added sense of privacy rarely found in urban living. Located along the iconic Central Avenue Corridor, moments from the Phoenix Art Museum, Heard Museum, Downtown Phoenix, Uptown Phoenix, restaurants, coffee shops, and cultural destinations. A rare opportunity to own a fully reimagined brownstone in one of Phoenix's most recognizable urban communities.
No exterior & parking available.
Grades PK-8 • 0.6 mi
Grades PK-8 • 0.8 mi
Grades PK-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 8.0 | 0.0 |
| Square foot | 5,184 | - |
| Lot Size | 4,428 | - |
| Price | $1.99M | $341.8K |
| Price per sq ft | $383 | $259 |
| Built year | 2008 | 0 |
| HOA | $500 | $0 |
| Days on market | 42 | 1211 |
Jun 11, 2026
$1,985,000
Initial Listing