5516 W MELINDA Lane, Glendale, AZ 85308, Glendale, 85308 - 5 bed, 9 bath
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Glendale, AZ 85308
This Forthcoming Luxury Custom Estate offers a rare lifestyle opportunity, with a List Price of $1,049,850 reflecting a stable entry point at its $1,049,850 Fair Market Value. Featuring a New Construction Condition Rating for its 2026 completion, the home is set on a premier 20,175 sqft mountainside lot boasting panoramic city, lake, and mountain views. Situated in the prestigious Legend Springs Elementary (9/10) zone, this property allows for full architectural customization in a high-demand location. It is an elite choice for Luxury Home Seekers or Owner-Occupants looking to build a bespoke desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5516 W MELINDA Lane Subject | $1,049,849* List Price | 5 | 9 | 4,100 | $256 | - |
A 20735 N 58TH Lane Sold | $1,225,000 | 5 | 4 | 3,814 | $321 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a forthcoming luxury new construction home with a 2026 completion date. As a brand-new build, all components including the kitchen, bathrooms, flooring, and major systems will be new and meet the highest modern quality standards with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20175, living area = 4100.
Elementary School: Legend Springs Elementary School (9/10). Middle School: Sierra Verde Elementary School (9/10).
Situated on a rare mountainside lot in Arrowhead Lakes, this property offers breathtaking panoramic views of city lights, lakes, and mountains, providing a high-value setting that is increasingly scarce.
The list price only covers the lot and base home; the final cost is subject to significant fluctuation, with builder estimates ranging from $1.2M to $1.8M based on individual design choices.
Since the home is yet to be built with a 2026 completion target, it is not suitable for buyers requiring immediate occupancy or those unwilling to navigate the multi-year construction process.
Panoramic City Lights, Lake & Mountain Views Await! This forthcoming luxury home is to be built on one of the last coveted Mountainside lots in Arrowhead Lakes. Located 9 min from the new Children's Hospital. The mountain side is your backyard with numerous Hiking/Biking trails & World Class Golf Courses nearby. Shopping & Entertainment venues abound. Drive by to see the views for yourself! Mtn Side Lots are Scarce in this area. Very few lots left of this quality in a city location. Fiinal Price will be determined by your design choices. Builder estimate range: $1.1m - $1.6m including lot. Plans, Engineering & HOA Design Approval are completed. List Price is for Lot & Base Price of the Home. Buyer can choose builder and work with architect to finalize plans to your taste.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades PK-6 • 1.8 mi
Grades PK-6 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 92% |
| Baths | 9.0 | 2.0 | 99% |
| Square foot | 4,100 | 1,925 | 99% |
| Lot Size | 20,175 | 7,223 | 96% |
| Price | $1.05M | $350.0K | 97% |
| Price per sq ft | $256 | $214 | 67% |
| Built year | 2026 | 1994 | 99% |
| HOA | $166 | $113 | 70% |
| Days on market | 221 | 2735 | 1% |
May 18, 2026
$1,049,849
$1,049,850
+0% Price Increase
Initial Listing
Nov 7, 2025
$1,049,850
Initial Listing