5654 E MESQUITE Lane, Phoenix, AZ 85018, Phoenix, 85018 - 5 bed, 5 bath
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Phoenix, AZ 85018
This Prime Camelback Vista Estate is listed at $5,195,000, reflecting a premium for its prestigious location despite a $4,254,204 Fair Market Value. The residence carries a Dated Condition Rating, as the 1976 architecture and mechanical systems require modernization to reach contemporary luxury standards. However, the unobstructed mountain views and expansive 38,943 sqft lot provide a significant footprint for forced appreciation through high-end renovation. Located near top-rated Hopi Elementary, this property is a strategic project for Luxury Developers or Visionary Owner-Occupants seeking a custom estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5654 E MESQUITE Lane Subject | $5,195,000* List Price | 5 | 5 | 3,987 | $1,067 | - |
A 5517 E MARIPOSA Street Sold | $3,915,000 | 5 | 3 | 4,061 | $964 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1976, making it 49 years old. While the exterior and landscaping appear meticulously maintained, the architectural style is dated. Based on the age, the kitchen, bathrooms, and mechanical systems likely require updates to meet modern luxury standards, fitting the criteria for a property over 20 years old needing minor repairs or modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 38943, living area = 3987.
Situated in the prestigious Camelback Vista Estates, the property offers iconic mountain views and sits in one of Phoenix's most sought-after luxury corridors.
The nearly one-acre lot (38,943 sqft) provides exceptional privacy and significant space for outdoor amenities or potential redevelopment in a high-demand area.
Built in 1976 and priced at over $1,300 per square foot, the property represents a high entry point that may necessitate further capital for modern renovations.
While the elementary school is excellent, the assigned high school has a lower rating (5), which could be a drawback for families with older students.
Exceptional opportunity in Phoenix. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 81% |
| Baths | 5.0 | 3.0 | 80% |
| Square foot | 3,987 | 2,715 | 83% |
| Lot Size | 38,943 | 9,936 | 96% |
| Price | $5.20M | $1.20M | 95% |
| Price per sq ft | $1.3K | $473 | 96% |
| Built year | 1976 | 1961 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 247 | 1537 | 28% |
Aug 22, 2025
$5,195,000
Initial Listing