
Phoenix, AZ 85016
This Luxury Development Site represents a rare Asset at the base of Piestewa Peak, listed at $1,250,000. The price reflects the premium nature of the 10,300-square-foot lot and its 360-degree mountain and city views, despite a Fair Market Value of $1,186,107. With a Condition Rating of 6, the property is positioned as a "fixer" or tear-down, offering significant Value-Add potential for a custom build. Located near the Arizona Biltmore and Madison Heights Elementary, this is a strategic acquisition for Luxury Developers and Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6808 N 26TH Street Subject | $1,250,000* List Price | 4 | 2 | 2,560 | $463 | - |
A 6815 N 18TH Street Sold | $950,000 | 4 | 3 | 2,213 | $429 | 0.8 mi |
B 6815 N 18TH Street Sold | $950,000 | 4 | 3 | 2,238 | $424 | 0.8 mi |
C 6839 N 18TH Street Sold | $940,000 | 3 | 3 | 2,152 | $437 | 0.8 mi |
D 2416 E PIESTEWA PEAK Drive Pending | $940,000 List Price | 3 | 2 | 1,995 | $471 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1968, this property is explicitly marketed for its land value, with the listing stating the 'true value lies in the dirt.' The structure appears to be an unfinished shell or a failed renovation project, featuring raw stucco and roof tarps. Given the age of over 50 years and the description suggesting a ground-up custom build, it meets the criteria for a tear-down where the primary value is the lot and its development potential.
Situated at the base of Piestewa Peak, the property offers rare 360-degree views of the Phoenix Mountains Preserve and city lights, providing an unmatched natural backdrop in a prestigious enclave.
The 10,300-square-foot elevated lot serves as a premium canvas for a luxury custom build or a radical modern renovation in a high-demand corridor where new builds command record-shattering prices.
The location offers a perfect balance of outdoor recreation and urban luxury, with immediate access to mountain trails and proximity to the Biltmore, Paradise Valley, and the 51-Freeway.
The existing 1968 structure is positioned as a 'fixer' project, necessitating a substantial additional capital investment for modernization or a complete teardown to realize the site's full potential.
The designated high school, Camelback High, carries a low rating of 3/10, which may be a drawback for families prioritizing top-tier public secondary education.
Positioned at the literal doorstep of the Phoenix Mountains Preserve, this remarkable 10,300-square-foot lot represents one of the final frontiers for luxury development at the base of Piestewa Peak. Offering an unrivaled 360-degree theater of natural beauty and urban glimmer, the property serves as a vanishingly rare canvas for a signature architectural masterpiece. Whether your vision involves a radical reimagining of the existing 2,600-square-foot, four-bedroom residence or a ground-up custom build, the site is defined by its dramatic topography—framing the rugged, saguaro-studded peaks to the north and the sprawling, neon-lit horizon of the Phoenix valley to the south. The existing structure provides a substantial footprint for a "fixer" project, with nearly 2,600 square feet of interior volume and four bedrooms that can be transformed into a high-desert modern sanctuary. However, the true value lies in the dirt: a premium, elevated lot in a high-demand corridor where contemporary new builds are commanding record-shattering prices. From this vantage point, you are not just buying a home; you are securing a front-row seat to the most iconic sunrises and sunsets in the Southwest, all while being ensconced in the quiet, prestigious enclave of the foothills. The location is the ultimate bridge between rugged wilderness and cosmopolitan luxury. You are seconds away from the world-class Summit and Freedom trails, yet perfectly positioned to access the Valley's most elite attractions. To the east lies the emerald fairways and high-end shopping of the Arizona Biltmore and Paradise Valley; to the south, the brand-new Global Ambassador Hotel and the refined dining of the 44th Street corridor. With a 15-minute commute to Sky Harbor International Airport and immediate access to the 51-Freeway, the property offers a lifestyle of total connectivityplacing the boutiques of Scottsdale Fashion Square, the nightlife of Old Town, and the commerce of Downtown Phoenix within effortless reach. This is an invitation to build a legacy in the shadow of a landmark.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades 5-8 • 1.7 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,560 | 1,886.5 | 79% |
| Lot Size | 10,228 | 8,294 | 80% |
| Price | $1.25M | $595.0K | 83% |
| Price per sq ft | $488 | $354 | 78% |
| Built year | 1968 | 1955 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 1490 | 4% |
Jan 27, 2026
$1,250,000
Initial Listing