5530 W DESPERADO Way, Phoenix, AZ 85083, Phoenix, 85083 - 4 bed, 3 bath
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Phoenix, AZ 85083
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $725,000—positioned well below the $777,542 Fair Market Value by 6%. This valuation gap offers $52,542 in Instant Equity for the buyer. Featuring a newly installed pool, luxury vinyl plank flooring, and a gourmet kitchen, the property maintains an Excellent Condition Rating. Located in a district with Top-Rated Schools like Stetson Hills Elementary, this home is an ideal sanctuary for growing families or discerning owner-occupants seeking a premium, turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5530 W DESPERADO Way Subject | $725,000* List Price | 4 | 3 | 2,550 | $305 | - |
A 5536 W STRAIGHT ARROW Lane Sold | $770,000 | 3 | 3 | 3,037 | $254 | 0.2 mi |
B 26216 N 56TH Drive N Sold | $865,000 | 4 | 4 | 3,090 | $280 | 0.6 mi |
C 6022 W OBERLIN Way Sold | $615,000 | 4 | 3 | 2,394 | $257 | 0.8 mi |
D 26318 N 56TH Drive Sold | $835,000 | 4 | 4 | 3,090 | $270 | 0.6 mi |
E 5815 W STRAIGHT ARROW Lane Sold | $892,000 | 4 | 3 | 3,037 | $294 | 0.4 mi |
F 27417 N 60TH Lane Sold | $725,000 | 4 | 3 | 2,882 | $252 | 0.7 mi |
G 5815 W STRAIGHT ARROW Lane Sold | $892,000 | 4 | 3 | 3,036 | $294 | 0.4 mi |
H 5815 W Straight Arrow Lane Sold | $892,000 | 4 | 3 | 3,036 | $294 | 0.4 mi |
I 5612 W ALYSSA Lane Active Under Contract | $798,500 List Price | 4 | 3 | 2,550 | $313 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2008, the property has undergone significant recent renovations including new luxury vinyl plank flooring, updated kitchen surfaces with a large center island, and a newly installed self-cleaning pool and outdoor kitchen. The home is in mint condition, move-in ready, and features modern finishes that align with the <5 year renovation criteria.
Middle School: Stetson Hills Elementary School (10/10).
The property features a 'backyard paradise' including a newly installed self-cleaning pool, putting green, built-in BBQ, and mountain views, making it an ideal space for entertaining.
The home is move-in ready with luxury vinyl plank flooring, plantation shutters, a stone fireplace, and a gourmet kitchen equipped with dual wall ovens and a gas range.
The $325 association fee represents a significant recurring ownership cost that may impact the monthly budget for some prospective buyers.
As a 2008 build, the property is reaching an age where original major components like the HVAC or roof may soon require professional inspection or future capital expenditure.
BACKYARD PARADISE WITH NEWLY ADDED POOL! With a charming courtyard entrance, this updated home features LUXURY vinyl plank flooring throughout the main living areas, plantation shutters & coordinated lighting fixtures throughout. The OPEN-CONCEPT layout offers a seamless flow from the formal dining area into the family room, highlighted by a statement stone fireplace, perfect for entertaining or everyday living. The family room opens to the kitchen showcasing rich cabinetry, an oversized center island with breakfast bar seating, abundant storage, dual wall ovens, a gas range, eat-in area & oversized walk-in pantry. The primary suite is generously sized with backyard access & an ensuite featuring dual vanities, a separate soaking tub, walk-in shower & large walk-in closet. Secondary bedrooms are nicely sized & share a full bath with double sinks & a shower/tub combination. Step outside to an entertainer's dream backyard featuring a NEWLY installed sparkling self-cleaning pool, large stone fireplace, expansive putting green, covered patio, gazebo & built-in BBQ. Located on a CORNER lot with MOUNTAIN VIEWS in a community with parks & playgrounds, just minutes from Inspiration Mountain School, I-17 access, shopping, dining & recreation.
No exterior & parking available.
Grades PK-6 • 1.9 mi
Grades PK-8 • 1.8 mi
Grades PK-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,550 | - |
| Lot Size | 9,859 | - |
| Price | $725.0K | $495.4K |
| Price per sq ft | $284 | $290 |
| Built year | 2008 | 0 |
| HOA | $325 | $0 |
| Days on market | 52 | 1260 |
Jun 3, 2026
$725,000
Initial Listing