5434 E LINCOLN Drive E 1, Paradise Valley, AZ 85253, Paradise Valley, 85253 - 3 bed, 4 bath
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Paradise Valley, AZ 85253
This Sophisticated Paradise Valley Residence is listed at $2,800,000, representing a stable entry point near its $2,712,070 Fair Market Value. Nestled in the exclusive, guard-gated Colonia Miramonte, the home offers a premier lifestyle with iconic Camelback and Mummy Mountain views. While currently holding a Fair Condition Rating due to its 2002 updates, the property serves as a high-end sanctuary within the Kiva Elementary district. This listing combines prestigious security with significant potential for bespoke modernization. It is a premier choice for Owner-Occupants or Luxury Renovators.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5434 E LINCOLN Drive E 1 Subject | $2,800,000* List Price | 3 | 4 | 2,891 | $938 | - |
A 5635 E LINCOLN Drive 26 Sold | $2,600,000 | 4 | 4 | 2,920 | $890 | 0.4 mi |
B 5434 E Lincoln Drive 50 Active | $3,400,000 List Price | 4 | 4 | 3,335 | $1,019 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1967 and last updated in 2002, placing the renovations at 24 years old. While the home is well-maintained and move-in ready, the kitchen and bathrooms feature dated elements such as early-2000s cabinetry, glass block windows, and older light fixtures. It fits the 'fair' criteria as major components are functional but show clear signs of being outdated for the current luxury market.
Nestled in the exclusive Colonia Miramonte enclave with 24-hour guard security, this property offers an unparalleled level of privacy and safety in Arizona's most coveted zip code.
The home features stunning views of both Camelback and Mummy Mountains, providing a dramatic and serene desert backdrop that significantly enhances the property's luxury appeal.
Residents enjoy premium amenities including a heated pool and a vibrant social calendar with organized fitness and excursions, fostering a unique sense of community and lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2891, other record living area = 2646.
With the last major update occurring in 2002, the interior finishes and systems likely require modernizing to meet the high-end standards of today's luxury market.
The $2,500 association fee represents a significant monthly carrying cost that may be a deterrent for buyers sensitive to high recurring ownership expenses.
The Peak of Paradise Valley Luxury in Colonia Miramonte. Nestled in the heart of the valley between the majestic Camelback and Mummy Mountains, this sophisticated 3-bedroom, 3.5-bathroom residence offers 2,891 sq. ft. of refined living space. Located within the prestigious Colonia Miramonte, a premier 24-hour guard-gated enclave of just 81 homes, this property provides an unparalleled lifestyle of security and serenity. Beyond the stunning mountain silhouettes, residents enjoy a vibrant social atmosphere and world-class amenities. The community features a heated pool with organized water fitness and curated excursions around the valley for neighbors to enjoy. Experience the perfect blend of privacy, community, and scenic beauty in Arizona's most coveted zip code. Home was updated in 2002.
No exterior & parking available.
Grades PK-6 • 1.9 mi
Grades 6-8 • 3.9 mi
Grades 9-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 21% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,891 | 4,661 | 15% |
| Lot Size | 10,987 | 43,984 | 8% |
| Price | $2.80M | $2.50M | 53% |
| Price per sq ft | $969 | $683 | 79% |
| Built year | 1967 | 1982 | 23% |
| HOA | $2500 | $0 | 90% |
| Days on market | 66 | 2511 | 1% |
Feb 15, 2026
$2,800,000
Initial Listing