5241 N 31ST Place, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
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Phoenix, AZ 85016
This Turnkey Townhouse in the Biltmore Village on the Lakes is a Strong Value Opportunity, listed at $1,025,000—positioned well above the $951,466 Fair Market Value by -7%. Featuring a Mint Condition Rating, the home offers a renovated primary suite, a private pool, and scenic mountain views. While the association fee is notable, the property provides a high-end, low-maintenance lifestyle near premier dining and golf. This residence is an ideal acquisition for Luxury Homebuyers or Owner-Occupants seeking a move-in ready retreat in a prestigious community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5241 N 31ST Place Subject | $1,025,000* List Price | 3 | 2 | 1,818 | $509 | - |
A 5409 N 25TH Street Sold | $1,285,000 | 3 | 3 | 1,910 | $673 | 0.9 mi |
B 6214 N 30TH Place Active Under Contract | $772,500 List Price | 2 | 2 | 1,470 | $526 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the structure dates to 1979, the interior shows evidence of a high-end, comprehensive renovation within the last 5 years. The kitchen features modern white shaker cabinetry, stone countertops, and premium stainless steel appliances including a wine fridge. The primary suite and walk-in closet have been thoughtfully updated with custom built-ins, and the living areas feature contemporary paint, recessed lighting, and updated flooring, putting it in mint, move-in ready condition.
Situated in the exclusive Village on the Lakes gated community, this property offers a high-end lifestyle with walking access to premier golf, luxury shopping, and fine dining.
The inclusion of a private pool and scenic mountain views provides a rare level of seclusion and luxury for a townhouse in this price point.
The thoughtfully updated primary suite offers a modern, move-in-ready retreat, reducing the immediate need for major interior capital improvements.
The association fee of $1,100 is significant and may deter buyers sensitive to high monthly non-equity expenses.
The assigned public high school carries a lower rating of 3, which could be a concern for families prioritizing academic excellence in their home search.
Rare Biltmore opportunity! Located in the highly desirable Biltmore Village on the Lakes gated community, this 3-bedroom, 2-bath home offers a rare opportunity to enjoy an ultra-private, serene lifestyle at an exceptional value. The thoughtfully renovated primary suite provides a luxurious retreat, while the private pool creates the perfect setting for outdoor living and entertaining. Within strolling distance of premier dining, shopping, golf, and hiking, this is one of the best opportunities currently available to own in the Biltmore community.
No exterior & parking available.
Grades 5-8 • 1.9 mi
Grades PK-4 • 2.7 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,818 | - |
| Lot Size | 6,220 | - |
| Price | $1.02M | $341.8K |
| Price per sq ft | $564 | $259 |
| Built year | 1979 | 0 |
| HOA | $1100 | $0 |
| Days on market | 42 | 1211 |
Jun 11, 2026
$1,025,000
Initial Listing