
Phoenix, AZ 85020
This property presents a High-Potential Investment Opportunity with a List Price of $1,400,000—positioned well below the $1,438,112 Fair Market Value by 2%. This valuation gap offers $38,112 in Instant Equity for buyers prepared to manage a full-scale renovation. Currently in a Condition Rating of 5, the home is stripped to the studs, offering a blank canvas for custom luxury finishes. With Panoramic Skyline Views and No HOA Restrictions, this is an ideal acquisition for Fix-and-Flip Investors or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7016 N 23RD Place Subject | $1,400,000* List Price | 3 | 3 | 2,689 | $535 | - |
A 2219 E PALMAIRE Avenue Active | $1,475,000 List Price | 4 | 3 | 2,519 | $586 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980, the property has been completely gutted to the studs and is currently unlivable. It lacks a kitchen, bathrooms, and finished systems, requiring a full-scale rehab and major investment to become functional.
The property offers exceptional, unobstructed views of the Phoenix skyline and Arizona sunsets, providing a unique and high-value setting for a luxury residence.
Having been stripped down to the studs, the home serves as a blank canvas, allowing a buyer to bypass demolition and immediately begin a custom luxury remodel or expansion.
Located in the Hills of the Desert with a $0 association fee, owners enjoy greater freedom for architectural design and property modifications compared to neighboring gated communities.
As the property is currently a shell, it requires a substantial additional financial investment and a lengthy construction timeline before it is habitable.
At a $1.4 million list price for a non-functional structure, the cost per square foot is high, potentially limiting the pool of investors or buyers capable of funding both the acquisition and the rebuild.
Perched above the city with absolutely breathtaking panoramic views of the entire Phoenix skyline, this is a rare opportunity to create something truly extraordinary. From vibrant Arizona sunsets to the sparkling lights of downtown Phoenix, the scenery alone makes this property one-of-a-kind. Featuring 3 bedrooms and 2 bathrooms, the home has already been taken down to the studs, providing a blank canvas for your vision. Whether you're planning a complete luxury remodel, an expansion, or a custom-designed masterpiece, the heavy lifting has already begun. Opportunities like this are few and far between, if you've been searching for your next project with unmatched views and endless potential, this is the one.
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades 5-8 • 1.7 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,689 | - |
| Lot Size | 10,001 | - |
| Price | $1.40M | $495.4K |
| Price per sq ft | $521 | $290 |
| Built year | 1980 | 0 |
| HOA | $0 | $0 |
| Days on market | 48 | 1260 |
Jun 4, 2026
$1,400,000
Initial Listing