5988 N ECHO CANYON Drive, Phoenix, AZ 85018, Phoenix, 85018 - 4 bed, 5 bath
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Phoenix, AZ 85018
This Value-Add Luxury Estate in the prestigious Echo Canyon Estates is listed at $2,250,000, representing a stable acquisition price aligned with its $2,183,038 Fair Market Value. Currently holding a Fair Condition Rating, the 3,586 sqft single-story residence provides a robust foundation for a high-end architectural transformation. The property boasts unobstructed Camelback Mountain views, a private patio, and proximity to top-rated Hopi Elementary School. Located in a 24-hour guard-gated community, this asset is positioned for significant forced appreciation through modernization. It is an ideal acquisition for Luxury Renovators or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5988 N ECHO CANYON Drive Subject | $2,250,000* List Price | 4 | 5 | 3,586 | $609 | - |
A 5905 N ECHO CANYON Lane Sold | $1,950,000 List Price | 3 | 3 | 3,372 | 0.1 mi | |
B 4448 E CAMELBACK Road 16 Sold | $2,000,000 | 3 | 3 | 3,193 | $626 | 0.8 mi |
C 4701 E RANCHO Drive Pending | $2,300,000 List Price | 3 | 3 | 3,748 | $614 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this property is over 40 years old and retains much of its original architectural character. While the kitchen has received partial upgrades including stainless steel appliances and granite countertops, the cabinetry and overall aesthetic are dated. The listing explicitly positions the home as a 'foundation' for a luxury remodel or transformation, which aligns with the 'Fair' criteria for a functional but dated home needing modernization.
Situated in the prestigious 24-hour guard-gated Echo Canyon Estates at the base of Camelback Mountain, offering unparalleled security and a high-status address.
The property boasts exceptional, direct views of the Praying Monk and the Camelback Mountain Range, providing a dramatic and highly sought-after desert backdrop.
With over 3,500 square feet on a single level, the home offers a functional floor plan with 'solid bones' that serves as an ideal foundation for a bespoke luxury remodel.
Built in 1982 and largely authentic to its original architecture, the residence requires significant modernization and capital investment to meet current luxury standards.
The community center and heated pool are currently undergoing a full remodel, which limits immediate access to key neighborhood amenities for new residents.
Nestled at the base of the iconic Camelback Mountain Range is the prestigious 24-hour guard-gated community of Echo Canyon Estates! This exceptional property presents a rare opportunity to create a truly bespoke luxury residence in one of Phoenix & Paradise Valley's most sought-after locations. Spanning just over 3,500 square feet, the home features 4 bedrooms and 4.5 bathrooms, thoughtfully laid out across a spacious, single-story floor plan. The existing design, is authentic to its original architecture with tasteful upgrades & includes a formal dining room, an inviting front-entry bar area, a well-sized kitchen, and a sunlit breakfast nook with stunning views of the Praying Monk, while sipping your morning coffee at the breakfast table... Whether your ready to move in today, or looking to create a fully refined, luxurious, one-of-a-kind estate that is distinct to your taste and style, this Echo Canyon gem checks all the boxes! The defined, yet open spaces can be seamlessly reimagined into a modern, elevated design. Complementary to what ever you envision; a full architectural transformation or a refined luxury remodel, this property provides the perfect foundation to bring your vision to life--all while capitalizing on unmatched views and an irreplaceable location. Beyond the home itself, residents enjoy a private community center, heated community pool *both currently being fully remodeled*, tennis courts, and a scenic walking and biking path. This dream location offers easy access to fine dining, luxury shopping, and the best of outdoor recreation, all while being surrounded by some of the Valley's most iconic desert and mountain landscapes. This is more than a home- it's a rare opportunity to design and build your dream luxury retreat in an unbeatable location. With solid bones, a desirable floor plan, and a setting that supports high-end value, this property is perfectly positioned to move in today, or for a stunning transformation into your one-of-a-kind estate in a neighborhood where location, views, and exclusivity are simply unparalleled.
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades PK-6 • 2.5 mi
Grades 6-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 3.0 | 79% |
| Square foot | 3,586 | 2,741 | 76% |
| Lot Size | 11,205 | 10,088.5 | 58% |
| Price | $2.25M | $1.20M | 80% |
| Price per sq ft | $627 | $476 | 71% |
| Built year | 1982 | 1962 | 61% |
| HOA | $675 | $0 | 98% |
| Days on market | 17 | 1553 | 0% |
Apr 28, 2026
$2,250,000
Initial Listing