5500 N DROMEDARY Road, Phoenix, AZ 85018, Phoenix, 85018 - 1 bed, 3 bath
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Phoenix, AZ 85018
Analysis of 5500 N DROMEDARY Road, Phoenix, AZ 85018 is currently available with a list price of $24,000,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1950 with no mentioned renovations, this property is marketed primarily for its 23.66-acre land value and redevelopment potential. The description emphasizes the site as one of the last buildable lots on Camelback Mountain with options to subdivide or build a new compound, indicating the existing structure is functionally obsolete for the price point.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 1030630, living area = 4641.
Perched on the south slope of Camelback Mountain, this 23.66-acre estate offers unparalleled panoramic views of the entire Valley, providing a prestigious 'king of the mountain' perspective.
As one of the last remaining buildable lots on the mountain, the property offers rare flexibility to subdivide into up to four separate parcels or create an expansive private family compound.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1030630, other record lot size in square feet = 756202.
The existing 4,641-square-foot residence contains only one bedroom, a highly niche layout that likely requires a complete interior reconfiguration or total reconstruction to meet modern luxury standards.
With a $24 million list price, the property targets an extremely narrow segment of the market, which may lead to a more complex and extended sales cycle.
The famous MERRY CHRISTMAS house can now be yours! Perched high above the city atop the south slope of Camelback Mountain, the 23.66-acre property has the most exquisite sweeping views of the entire Valley below. This is one of the last remaining buildable lots on the mountain with unlimited possibilities; subdivide into as many as 4 separate parcels, build a family compound, or leave the current property; all are special opportunities. The existing 4,661square-foot residence, originally built in the 1950s, and influenced by world renown Frank Lloyd Wright has an impressive midcentury modern vibe. Privately gated and surrounded by the beauty of the desert, this estate property combines ultimate privacy, panoramic vistas, and building flexibility. Whether preserved, expanded, or completely The famous MERRY CHRISTMAS house can now be yours! Perched high above the city atop the south slope of Camelback Mountain, the 23.66-acre property has the most exquisite sweeping views of the entire Valley below. This is one of the last remaining buildable lots on the mountain with unlimited possibilities; subdivide into as many as 4 separate parcels, build a family compound, or leave the current property; all are special opportunities. The existing 4,661square-foot residence, originally built in the 1950s, and influenced by world renown Frank Lloyd Wright has an impressive midcentury modern vibe. Privately gated and surrounded by the beauty of the desert, this estate property combines ultimate privacy, panoramic vistas, and building flexibility. Whether preserved, expanded, or completely transformed, this is a once-in-a-lifetime chance to own a piece of Arizona history sitting on one of its most iconic mountain peaks. You will literally be king of the mountain! Conceptual floorplan and site plan designs by architect Mark Candelaria are available for inspiration.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 4,641 | - |
| Lot Size | 1,030,630 | - |
| Price | $24.00M | $495.4K |
| Price per sq ft | $5.2K | $290 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 68 | 1260 |
May 15, 2026
$24,000,000
Initial Listing