4721 E RANCHO Drive, Phoenix, AZ 85018, Phoenix, 85018 - 5 bed, 3 bath
Loading property details...
Phoenix, AZ 85018
This Prime Camelback Mountain Value-Add Estate is listed at $2,350,000, representing a stable investment near its $2,282,382 Fair Market Value. With a Condition Rating of 4, the 1974 structure requires modernization to align with contemporary luxury standards. The property’s primary value is driven by the 19,000 sq ft oversized lot and iconic, unobstructed views of Camelback Mountain. Served by the Scottsdale Unified School District, including top-rated Hopi Elementary, this location ensures long-term demand and appreciation potential. It is an ideal project for Luxury Renovators or Owner-Occupants seeking a custom-built desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4721 E RANCHO Drive Subject | $2,350,000* List Price | 5 | 3 | 2,854 | $800 | - |
A 4701 E RANCHO Drive Pending | $2,300,000 List Price | 3 | 3 | 3,748 | $614 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this 50-year-old property is in a dated condition. While the home appears well-maintained and functional, the interior features older carpeting, 1970s/80s style bathroom fixtures, and basic cabinetry that require significant modernization. It is move-in ready but needs comprehensive cosmetic updates to align with current market standards for this price point.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18618, living area = 2854.
The property boasts rare, unobstructed views of Camelback Mountain and the Praying Monk, providing a high-value aesthetic that is highly coveted in the Phoenix luxury market.
Situated on a generous 19,000 sq ft interior lot within the prestigious Camelback Canyon Estates, the property offers exceptional privacy and significant space for outdoor expansion or a custom pool.
Built in 1974, the home likely requires substantial modernization or a full renovation to align with current luxury buyer expectations and contemporary design standards.
At a list price of $2.35M for approximately 2,854 square feet, the property carries a premium price point that may be challenging for buyers not specifically looking for a major renovation project or land-value play.
Discover this spacious 5-bedroom, 3-bath home situated on a generous 19,000 sq ft lot in Camelback Canyon Estates. Enjoy phenomenal, unobstructed views of the red rocks of Camelback Mountain and the iconic Praying Monk from multiple vantage points. The oversized, interior lot is one of the best in the sub-division, ideal for an end user or investor seeking to create a scenic, private retreat. Camelback Canyon Estates offers a serene, upscale setting with convenient access to nearby dining, hiking, and mountain recreation.
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades PK-6 • 2.7 mi
Grades 6-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 81% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,854 | 2,715 | 55% |
| Lot Size | 18,618 | 9,936 | 78% |
| Price | $2.35M | $1.20M | 81% |
| Price per sq ft | $823 | $473 | 82% |
| Built year | 1974 | 1961 | 59% |
| HOA | $305 | $0 | 94% |
| Days on market | 3 | 1536 | 0% |
Apr 22, 2026
$2,350,000
Initial Listing