5314 N 24TH Place, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 3 bath
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Phoenix, AZ 85016
This Exquisitely Renovated Biltmore Residence is a High-Potential Investment Opportunity, listed at $1,200,000—positioned well below the $1,362,271 Fair Market Value by 11%. This valuation gap provides $162,271 in Instant Equity. Boasting a Condition Rating of 2, the home features Italian-inspired designer finishes, a marble chef’s kitchen, and a private pool with mountain views. Located in the prestigious, guard-gated Colony Biltmore near Madison District Schools, it perfectly balances luxury lifestyle with significant financial upside. This is an elite acquisition for Luxury Home-Seekers or Savvy Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5314 N 24TH Place Subject | $1,200,000* List Price | 3 | 3 | 1,906 | $715 | - |
A 2530 E OREGON Avenue Sold | $1,100,000 | 2 | 3 | 1,908 | $577 | 0.2 mi |
B 2425 E OREGON Avenue Sold | $1,163,000 | 2 | 2 | 1,736 | $670 | 0.1 mi |
C 2445 E OREGON Avenue Sold | $1,545,000 List Price | 3 | 3 | 2,279 | 0.1 mi | |
D 2425 E OREGON Avenue Sold | $1,163,000 | 2 | 2 | 1,596 | $729 | 0.1 mi |
E 2425 E OREGON Avenue Sold | $1,163,000 | 2 | 2 | 1,596 | $729 | 0.1 mi |
F 2425 E Oregon Avenue Sold | $1,163,000 | 2 | 2 | 1,600 | $727 | 0.1 mi |
G 2505 E DENTON Lane Active | $1,200,000 List Price | 3 | 2 | 1,788 | $671 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1978, the property has undergone an extensive, high-end renovation that meets modern luxury standards. The kitchen features premium marble countertops, professional-grade stainless steel appliances, and contemporary cabinetry. The interior boasts real wood flooring, soaring ceilings with updated lighting, and three fully renovated bathrooms with custom tile work and granite vanities. The property is in turnkey condition with high-quality finishes throughout and no visible deferred maintenance.
The home features sophisticated Italian-inspired updates, including a chef's kitchen with real marble countertops and custom-tiled bathrooms, offering a turnkey luxury living experience.
Situated in the prestigious Colony Biltmore community, the property offers desirable mountain views and a private view deck, enhancing its overall prestige and market value.
A dramatic wall of glass in the great room seamlessly connects the interior to a private backyard oasis with a pool and multiple patios, ideal for year-round entertaining.
At 4,347 square feet, the lot is relatively small for the price point, which may limit buyers looking for more expansive private outdoor space.
The assigned high school carries a lower performance rating, which could be a drawback for families prioritizing public education or concerned about long-term resale appeal.
Located within the highly sought after Colony Biltmore, this 3 bed, 3 bath home w/pool has been beautifully updated with an eye to Italian design.The renovated kitchen with real marble countertops,dbl oven,beverage fridge,ice maker & breakfast bar opens up to the great room with soaring ceilings,fp, real wood floors and a wall of glass overlooking the private yard with pool,view deck,and both covered and uncovered patios for year round entertaining. The primary bedroom is very large with doors directly to the view deck and pool, w/in closet and bath with dbl sinks, soaking tub/shower with custom tile, bidet and toilet.All three baths feature granite topped vanities, custom tile and glass showers. An office further enhances the livability quotient of this home to a perfect 10. A must see!
No exterior & parking available.
Grades 5-8 • 1.0 mi
Grades PK-4 • 1.8 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 1,906 | 1,886.5 | 51% |
| Lot Size | 4,347 | 8,294 | 4% |
| Price | $1.20M | $595.0K | 83% |
| Price per sq ft | $630 | $354 | 88% |
| Built year | 1978 | 1955 | 73% |
| HOA | $398 | $0 | 90% |
| Days on market | 30 | 1490 | 0% |
Mar 27, 2026
$1,200,000
Initial Listing