
Phoenix, AZ 85041
This New Construction Single Family Residence represents a Strong Value Opportunity, listed at $500,000—positioned well above the $459,356 Fair Market Value by -8%. Featuring an Excellent Condition Rating, this home offers modern luxury with a spacious great room, stainless steel appliances, and a large lot with RV gate. The absence of HOA fees provides rare flexibility for homeowners. This property is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or first-time buyers prioritizing modern design and outdoor space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5519 S 11TH Avenue Subject | $500,000* List Price | 4 | 3 | 1,970 | $233 | - |
A 5437 S MONTEZUMA Street Sold | $370,000 | 5 | 2 | 1,766 | $210 | 0.5 mi |
B 5811 S 16TH Drive Sold | $378,000 | 4 | 2 | 1,520 | $249 | 0.4 mi |
C 1702 W HIDALGO Avenue Sold | $385,000 | 4 | 2 | 1,324 | $291 | 0.5 mi |
D 2011 W HASAN Drive Sold | $368,000 | 4 | 2 | 2,051 | $179 | 1.0 mi |
E 6009 S 15TH Drive Sold | $432,500 | 5 | 3 | 2,349 | $184 | 0.4 mi |
F 5523 S 11TH Avenue Active | $500,000 List Price | 4 | 3 | 1,978 | $253 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a new construction home built in 2023, meeting the criteria for excellent condition. The property features a modern kitchen with stainless steel appliances, brand-new bathrooms with contemporary finishes, and all-new systems including HVAC and electrical, requiring zero maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7890, living area = 1970.
Built in 2023, this home offers the peace of mind of new construction with contemporary open-concept living, a luxury primary suite featuring a soaking tub, and high-end stainless steel appliances.
The absence of HOA restrictions combined with a dedicated RV gate provides rare freedom for homeowners to store recreational vehicles and customize their property without oversight or monthly fees.
With 295 days on the market, the property may face buyer skepticism or appraisal challenges, suggesting the initial pricing may not have aligned with local market velocity.
Priced at $500,000, this property sits at a premium for the immediate subdivision, which may limit immediate equity growth compared to homes in more established luxury pockets.
NEW CONSTRUCTION | LARGE LOT | RV GATE | NO HOA! Experience the freedom and flexibility of owning a brand-new home with no HOA restrictions--perfect for storing your RV, toys, or creating the backyard you've always envisioned. This thoughtfully designed residence offers modern living at its finest, featuring an open-concept main floor with a spacious great room ideal for entertaining or relaxing. The stunning kitchen is the heart of the home, showcasing stainless steel appliances, a convenient breakfast bar for casual dining, and a generous walk-in pantry providing ample storage for all your needs. Upstairs, you'll find four generously sized bedrooms along with a conveniently located laundry room for everyday ease. The luxurious primary suite serves as a private retreat, complete with a large walk-in closet, spa-inspired bathroom with a walk-in shower, freestanding soaking tub, and an executive-height double vanity. Step outside to enjoy a fully landscaped front yard and a large backyard with RV gate access, offering endless possibilities--whether you envision a pool, workshop, garden, or outdoor entertaining space. Ideally located just minutes from major freeway loops, Downtown Phoenix, and South Mountain hiking trails, this home combines modern comfort with exceptional convenience and access to outdoor recreation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,970 | - |
| Lot Size | 7,890 | - |
| Price | $500.0K | $495.4K |
| Price per sq ft | $254 | $290 |
| Built year | 2023 | 0 |
| HOA | $0 | $0 |
| Days on market | 351 | 1260 |
Aug 6, 2025
$500,000
Initial Listing