523 E MOUNTAIN SKY Avenue, Phoenix, AZ 85048, Phoenix, 85048 - 5 bed, 3 bath
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Phoenix, AZ 85048
This Premium Mountain-Backing Residence is a Strong Value Opportunity, listed at $745,000—positioned well below the $780,901 Fair Market Value by 4%. This valuation gap provides $35,901 in Instant Equity. Boasting a Move-In Ready Condition Rating, the home features a new roof, HVAC, and windows, alongside a resort-style backyard with a pool and spa. Located in the elite Kyrene School District with multiple 9/10 rated schools, it perfectly balances lifestyle luxury with financial upside. This is an ideal acquisition for Owner-Occupants or Value-Add Buyers seeking a premier Ahwatukee address.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 523 E MOUNTAIN SKY Avenue Subject | $745,000* List Price | 5 | 3 | 3,089 | $253 | - |
A 408 E SOUTH FORK Drive Sold | $770,000 | 3 | 3 | 3,089 | $249 | 0.1 mi |
B 408 E SOUTH FORK Drive Sold | $770,000 | 3 | 3 | 3,089 | $249 | 0.1 mi |
C 408 E SOUTH FORK Drive Sold | $770,000 | 4 | 3 | 3,089 | $249 | 0.1 mi |
D 401 E AMBER RIDGE Way Sold | $790,000 | 4 | 2 | 2,542 | $311 | 0.3 mi |
E 815 E Desert Trumpet Road Sold | $648,000 | 5 | 4 | 3,432 | $189 | 0.6 mi |
F 1202 E ROCKY SLOPE Drive Sold | $760,000 | 5 | 3 | 3,068 | $248 | 0.9 mi |
G 16032 S 1ST Street Active Under Contract | $850,000 List Price | 5 | 3 | 3,394 | $250 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant high-value updates, including a new roof, new HVAC system, and new windows. While the 1991 construction is evident in the oak cabinetry and architectural niches, the home has been well-maintained and updated with granite countertops, stainless steel appliances, travertine backsplashes, and a mix of wood and tile flooring. The exterior is also in excellent shape with a resort-style backyard and functional major systems.
Elementary School: Kyrene Monte Vista (9/10). Middle School: Kyrene Altadena Middle School (9/10).
The property is situated on a prime lot backing directly to the mountains, offering unparalleled privacy and breathtaking desert views that are highly coveted in the Ahwatukee area.
Significant recent investments including a new HVAC system, new roof, and new windows provide the buyer with long-term peace of mind and improved energy efficiency.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8120, other record lot size in square feet = 8264.
While beautifully maintained, the 1991 construction features era-specific elements like travertine and granite finishes that may feel dated to buyers seeking a modern or contemporary aesthetic.
The property is currently in 'Active Under Contract' status, which significantly limits the opportunity for new buyers to negotiate unless the existing contract falls through.
Premium mountain-backing lot with stunning desert and mountain views in the heart of Ahwatukee! This beautifully maintained home features exceptional curb appeal, lush front and back landscaping, and a resort-style backyard with a custon built-in BBQ, a sparkling pool, heated spa, soothing fountain, and direct mountain backdrop for added privacy. Major system updates provide peace of mind, including a new HVAC system, new roof, and new windows. Located within the highly regarded Kyrene School District and close to parks, hiking, shopping, and freeway access, this home offers an ideal blend of lifestyle, location, and long-term value. Inside, you'll find soaring vaulted ceilings, wood flooring, plantation shutters, designer paint, and a stacked-stone fireplace that anchors the main living space. The gourmet kitchen features granite countertops, a travertine backsplash, and stainless steel appliances, opening to an inviting family room perfect for entertaining. The 5th bedroom/built-in office space adds flexibility for work, sleep, or study. The spacious primary suite includes a private balcony and a luxurious bath with travertine flooring, granite counters, and a separate tub and shower. Additional highlights built in BBQ, include a 3-car garage with storage and quality finishes throughout.
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades PK-5 • 1.1 mi
Grades PK-5 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 83% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,089 | 2,167 | 81% |
| Lot Size | 8,120 | 6,970 | 67% |
| Price | $745.0K | $446.0K | 88% |
| Price per sq ft | $241 | $218 | 56% |
| Built year | 1991 | 1992 | 44% |
| HOA | $318 | $200 | 94% |
| Days on market | 69 | 1686 | 1% |
Feb 12, 2026
$745,000
Initial Listing