6339 N 48TH Place, Paradise Valley, AZ 85253, Paradise Valley, 85253 - 5 bed, 4 bath
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Paradise Valley, AZ 85253
This property presents a Strong Value Opportunity with a List Price of $3,295,000—positioned well below the $3,572,328 Fair Market Value by 7%. This valuation gap offers $277,328 in Instant Equity. Featuring a Condition Rating of 3, the home offers a luxury-remodeled interior on a massive 1.4-acre lot with 360-degree mountain views. This is a premier canvas for Luxury Home Developers or Owner-Occupants seeking a high-end desert estate with significant long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6339 N 48TH Place Subject | $3,295,000* List Price | 5 | 4 | 4,684 | $724 | - |
A 4214 E CLAREMONT Avenue Sold | $3,495,000 | 4 | 5 | 5,616 | $622 | 0.7 mi |
B 4761 E Marston Drive Sold | $3,995,900 | 4 | 4 | 5,333 | $749 | 0.3 mi |
C 4737 E VALLEY VISTA Lane Active | $3,000,000 List Price | 6 | 5 | 4,483 | $669 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1978 but features a high-end luxury remodel that makes it move-in ready. The kitchen is updated with premium stone countertops, a professional-grade range, and modern cabinetry. While some elements like the saltillo tile flooring and architectural style reflect its age, the systems and finishes appear well-maintained and functional within the 5-15 year renovation window.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 60706, living area = 4684.
The property boasts exceptional 360-degree views of Camelback Mountain, Mummy Mountain, and Piestewa Peak, providing a rare and dramatic desert backdrop that significantly enhances its value.
Situated on a sprawling 1.4-acre lot with no HOA and nestled between new multi-million dollar estates, this property offers a premier canvas for a luxury rebuild or a high-end custom masterpiece.
Built in 1978, the existing residence likely requires extensive modernization or a complete luxury remodel to align with the standards of neighboring multi-million dollar new builds.
The assigned middle and high schools carry moderate ratings (6 and 5 respectively), which may be a consideration for families prioritizing top-tier public education in this price bracket.
Set within the highly coveted enclave of Paradise Valley, (nestled between 2 multi million dollar new builds) this exceptional 1.4-acre property presents a rare opportunity to create a truly iconic desert estate. Featuring 4,684 square feet, 5 bedrooms, and 4 bathrooms, the residence offers endless potential -- whether enjoyed as a move-in ready home, transformed through a tween 2 multi millionluxury remodel, or reimagined as a spectacular new construction masterpiece. Perfectly positioned to capture breathtaking panoramic scenery, the property showcases incredible 360-degree mountain views, including the dramatic silhouettes of Camelback Mountain, Mummy Mountain, and Piestewa Peak. The expansive lot provides the ideal canvas for elevated indoor-outdoor living, resort-style amenities, and ultimate privacy in one of Arizona's most prestigious locations. Surrounded by world-class resorts, premier dining, golf, hiking, and all the lifestyle amenities that make Paradise Valley one of the most sought-after luxury markets in the country, this is a truly extraordinary opportunity to live -- or build -- among some of the Valley's most inspiring views.
No exterior & parking available.
Grades K-5 • 2.2 mi
Grades 6-8 • 2.9 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 70% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 4,684 | 4,684 | 50% |
| Lot Size | 60,706 | 43,834 | 89% |
| Price | $3.29M | $2.60M | 57% |
| Price per sq ft | $703 | $667 | 54% |
| Built year | 1978 | 1983 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 3065 | 3% |
May 6, 2026
$3,295,000
Initial Listing