4721 E RANCHO Drive, Phoenix, AZ 85018, Phoenix, 85018 - 5 bed, 3 bath
Loading property details...
Phoenix, AZ 85018
This property presents a High-Potential Investment Opportunity with a List Price of $2,250,000—positioned well below the $2,352,082 Fair Market Value by 4%. This valuation gap offers $102,082 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a full interior renovation to match its 19,000 sq ft lot and phenomenal Camelback Mountain views. This is a strategic acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking to create a custom luxury retreat in the prestigious 85018 zip code.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4721 E RANCHO Drive Subject | $2,250,000* List Price | 5 | 3 | 2,854 | $824 | - |
A 5830 N 44th Place N Active | $1,750,000 List Price | 4 | 2 | 2,585 | $677 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1974 (50 years old) with no evidence of significant renovations. The bathroom features dated gold-framed fixtures and small-format tiling consistent with the original build date. The listing description targets investors to 'create' a retreat, implying the current structure requires a full interior rehab to meet modern standards for this high-value lot.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18600, living area = 2854.
The property boasts phenomenal, 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, this property offers rare privacy and ample space for outdoor amenities or potential expansion in the prestigious Camelback Canyon Estates.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2854, other record living area = 2907.
Built in 1974, the home likely requires significant modern updates or a full renovation to meet the luxury standards expected at the $2.25M price point.
The valuation reflects a significant premium for the land and views, which may challenge buyers seeking a move-in-ready home with more modern square footage for the investment.
Discover this spacious 5-bedroom, 3-bath home situated on a generous 19,000 sq ft lot in Camelback Canyon Estates. Enjoy phenomenal 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 |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,854 | - |
| Lot Size | 18,600 | - |
| Price | $2.25M | $495.4K |
| Price per sq ft | $788 | $290 |
| Built year | 1974 | 0 |
| HOA | $305 | $0 |
| Days on market | 22 | 1260 |
Jul 1, 2026
$2,250,000
Initial Listing