7035 N 23RD Place, Phoenix, AZ 85020, Phoenix, 85020 - 4 bed, 3 bath
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Phoenix, AZ 85020
This Premier Hillside Development Asset is listed at $1,695,000, positioned accurately at its $1,695,000 Fair Market Value. Marketed exclusively for Lot Value, the property features a Tear-Down Condition Rating, providing a rare opportunity to clear the site for a custom luxury residence. The expansive 29,238 sqft lot boasts Panoramic Mountain Views and unobstructed valley vistas. Situated within the Madison Heights Elementary boundary, this high-potential site offers significant development upside. This is a premier acquisition for Luxury Custom Home Builders or Visionary Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7035 N 23RD Place Subject | $1,695,000* List Price | 4 | 3 | 5,185 | $327 | - |
A 7638 N 20TH Street Sold | $1,275,000 | 4 | 3 | 3,158 | $404 | 0.8 mi |
B 7638 N 20TH Street Sold | $1,275,000 | 4 | 3 | 3,158 | $404 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed for its lot value only, with the listing description and property analysis stating the existing 1977 structure holds no contributory value and is intended for demolition to make way for a new custom residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29238, living area = 5185.
Perched high on a coveted hillside, the property offers sweeping, unobstructed mountain and valley vistas that are considered some of the finest in the Phoenix area.
The property is being sold strictly for lot value, providing a rare 'blank canvas' for a visionary buyer to build a bespoke custom residence in a premier location.
The existing 5,185 sqft home is vacant and holds no contributory value, necessitating the additional expense of demolition and site clearing before construction can begin.
At a list price of $1.695M for the lot alone, the total capital requirement will be substantial once the costs of custom design and hillside construction are factored in.
BACK ON Market. Buyer did not perform. Perched high on a coveted hillside, this exceptional property offers sweeping, unobstructed views that define some of the finest scenery in the valley. Being sold strictly for lot value, the existing home is vacant, presenting a rare opportunity to start fresh and build a custom residence that fully captures the breathtaking surroundings. With its elevated position and commanding vistas, this is truly one of the best lots in the valley, ideal for a visionary buyer seeking a premier location and unparalleled views.
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades 5-8 • 1.8 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 59% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 5,185 | 1,952 | 99% |
| Lot Size | 29,238 | 8,306 | 97% |
| Price | $1.70M | $446.0K | 95% |
| Price per sq ft | $327 | $283 | 61% |
| Built year | 1977 | 1967 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 97 | 1413 | 5% |
Jan 19, 2026
$1,695,000
Initial Listing