5124 E Desert Park Lane, Paradise Valley, AZ 85253, Paradise Valley, 85253 - 5 bed, 6 bath
Loading property details...
Paradise Valley, AZ 85253
This Mid-Century Modern Dual-Living Estate is a Strong Value Opportunity, with a List Price of $3,500,000—positioned well below the $3,776,211 Fair Market Value by 7%. This valuation gap provides $276,211 in Instant Equity. Featuring a 3-bedroom main house and a self-contained 2-bedroom casita on a one-acre lot, the property offers iconic Camelback Mountain views and a private pool. Boasting a Good Condition Rating, it serves as a move-in ready sanctuary near Kiva Elementary. This is an elite acquisition for Owner-Occupants or Luxury Developers seeking a prestigious Paradise Valley footprint.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5124 E Desert Park Lane Subject | $3,500,000* List Price | 5 | 6 | 4,631 | $815 | - |
A 5031 E DESERT JEWEL Drive Sold | $3,800,000 | 3 | 3 | 4,216 | $901 | 0.2 mi |
B 4601 E Foothill Drive Sold | $3,500,000 | 4 | 4 | 4,994 | $701 | 0.6 mi |
C 4630 E CLEARWATER Parkway Pending | $4,295,000 List Price | 5 | 7 | 4,602 | $933 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained mid-century modern home that is move-in ready. While the cabinetry is original oak, the kitchen has been updated with modern stainless steel appliances and stone countertops. The interior features high-quality vaulted wood-beamed ceilings, updated wood-look and tile flooring, and clean white brick walls. Although built in 1968, the level of upkeep and the presence of a fully self-contained casita, combined with the 'live-in as-is' condition described, aligns with the 'good' criteria for well-maintained systems and functional major components.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40458, living area = 4631.
The property features a rare setup with a 3-bedroom main house and a fully self-contained 2-bedroom casita with its own driveway, providing exceptional privacy for guests or multi-generational living.
Situated on a quiet, non-hillside loop in the heart of Paradise Valley, the lot offers stunning views of Camelback Mountain and the Phoenix Mountain Preserve while being surrounded by Mummy Mountain.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4631, other record living area = 3178.
Built in 1968 and featuring original oak cabinetry, the home likely requires significant capital investment for modernizing systems and finishes to meet current luxury standards.
The natural wash that divides the grounds requires a wood bridge for access, which may involve specialized long-term maintenance and considerations for desert drainage during monsoon seasons.
On a QUIET NON-HILLSIDE loop surrounded by MUMMY MOUNTAIN, this lovely mid-century modern property is a rare, perfectly located, Paradise Valley find. A natural wash traversed by a wood bridge divides the grounds into two truly separate residences -- a 3bd/3.5ba main house brimming with style, and a fully self-contained 2bd/2ba casita w/ its own driveway + parking. Original oak cabinetry, white brick, soaring ceilings, wood beams, and wood-burning fireplaces reflect its charm. Outside, a lush desert oasis unfolds w/mature landscaping, pool, covered patio, built-in BBQ, natural and gas outdoor fireplace, evening landscape lighting, as well as views of Camelback Mtn and Phoenix Mtn Preserve. Live in it beautifully as-is, remodel to taste, or build your dream estate.
No exterior & parking available.
Grades PK-6 • 3.0 mi
Grades 6-8 • 4.8 mi
Grades 9-12 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 70% |
| Baths | 6.0 | 4.0 | 71% |
| Square foot | 4,631 | 4,661 | 49% |
| Lot Size | 40,458 | 43,984 | 32% |
| Price | $3.50M | $2.50M | 59% |
| Price per sq ft | $756 | $683 | 59% |
| Built year | 1968 | 1982 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 2511 | 1% |
Mar 20, 2026
$3,500,000
Initial Listing