
Glendale, AZ 85308
This Stunning Move-In Ready Estate is a Strong Value Opportunity, listed at $950,000—positioned well below the $1,015,129 Fair Market Value by 6%. This valuation gap offers $65,129 in Instant Equity. Boasting an Excellent Condition Rating, the home features a remodeled chef's kitchen, a private pool, and a four-car garage. Located in the prestigious Arrowhead Lakes community with access to top-rated schools like Legend Springs Elementary, this property is an ideal sanctuary for discerning families or luxury owner-occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5474 W MELINDA Lane Subject | $950,000* List Price | 5 | 4 | 3,550 | $286 | - |
A 5516 W MELINDA Lane Active | $1,049,849 List Price | 5 | 9 | 4,100 | $256 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1997, the property has undergone extensive recent renovations that meet the 'Excellent' criteria. The chef's kitchen and all bathrooms have been modernly remodeled with high-end finishes (shaker cabinets, stone counters, freestanding tub). Key systems are updated, specifically the HVAC which was replaced in 2021, and the home is in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33440, living area = 3550.
Elementary School: Legend Springs Elementary School (9/10). Middle School: Sierra Verde Elementary School (9/10).
The property sits on a rare 0.77-acre lot backing directly to the mountain preserve, offering unmatched privacy and private access to hiking trails.
The solar system is leased rather than owned, which requires a lease assumption by the buyer and may be a deterrent for those preferring full equipment ownership.
The expansive 33,440 sq. ft. lot with lush lawns and a pool will necessitate significant ongoing landscaping and utility expenses to maintain its resort-like condition.
Tucked away on nearly ¾ of an acre in the prestigious Arrowhead Lakes community, this extraordinary estate offers a rare combination of luxury, privacy, and an unmatched connection to nature. Backing directly to the mountain preserve with private access to hiking trails from your own backyard, this is a property that truly redefines Arizona living. Beyond the custom iron entry door, sophisticated interiors blend timeless elegance with modern updates. The beautifully remodeled chef's kitchen serves as the heart of the home, complemented by tastefully renovated bathrooms and spacious living areas designed for both grand entertaining and everyday comfort. A private guest suite with a full bath on the main level provides exceptional flexibility, while upstairs features three additional guest bedrooms, including a luxurious secondary primary suite with its own ensuite bath. For the automotive enthusiast, the rare four-car garage offers abundant space for vehicles, storage, or a workshop. Significant investments, including HVAC systems installed in July 2021 and a leased solar system that delivers substantial energy savings, provide both comfort and efficiency. The grounds are nothing short of spectacular. The additional half-acre parcel creates an expansive resort-inspired backyard where a sparkling pool is surrounded by lush green lawns. A private basketball court completes this exceptional outdoor retreat, creating endless opportunities for recreation, entertaining, and unforgettable gatherings beneath Arizona's breathtaking sunsets. Properties of this caliber offering expansive acreage, mountain preserve access, luxury updates, resort-style amenities, and the prestige of Arrowhead Lakes are exceptionally rare. This is more than a home; it is a legacy property designed for those who appreciate privacy, elegance, and an extraordinary lifestyle.
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 1.7 mi
Grades PK-6 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,550 | 1,909 |
| Lot Size | 33,440 | 7,371.5 |
| Price | $950.0K | $1.02M |
| Price per sq ft | $268 | $496 |
| Built year | 1997 | 1935 |
| HOA | $246 | $212 |
| Days on market | 13 | 1527 |
Jul 9, 2026
$950,000
Initial Listing