7240 N DREAMY DRAW Drive 113, Phoenix, AZ 85020, Phoenix, 85020 - 2 bed, 3 bath
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Phoenix, AZ 85020
This Turnkey Residential Home is a Strong Value Opportunity, listed at $615,000—positioned well below the $618,132 Fair Market Value by 0.5%. This valuation gap offers $3,132 in Instant Equity for the buyer. Featuring a 2025 Renovation and a Mint Condition Rating, the home includes a modern kitchen, spa-like primary bath, and a versatile loft. Located in the gated Legends at Dreamy Draw, it is an ideal sanctuary for Owner-Occupants or professional couples seeking a move-in-ready lifestyle near the Biltmore.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7240 N DREAMY DRAW Drive 113 Subject | $599,900* List Price | 2 | 3 | 2,209 | $276 | - |
A 7240 N DREAMY DRAW Drive 127 Sold | $615,000 | 3 | 3 | 2,209 | $278 | 0.0 mi |
B 1875 E STATE Avenue Active | $569,000 List Price | 3 | 2 | 1,782 | $319 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property was fully renovated in 2025, featuring a modern kitchen with updated cabinetry and GE stainless steel appliances, along with a spa-like primary bathroom. With brand new flooring and contemporary finishes throughout, the home is in mint, move-in-ready condition, meeting the criteria for a recent high-end renovation.
Renovated in 2025, this move-in-ready home features modern flooring, updated cabinetry, GE stainless steel appliances, and a spa-like primary bathroom.
Boasting over 2,200 square feet with soaring ceilings and a large loft, the floor plan offers exceptional flexibility for a home office, gym, or guest retreat.
Situated in the desirable Legends at Dreamy Draw, the property offers security and quick access to the Biltmore, Scottsdale, and premier hiking trails.
Despite the large square footage, the home only contains two formal bedrooms, which may limit its appeal to larger families or those needing more private rooms.
The assigned high school has a lower academic rating of 3, which could be a deterrent for education-focused buyers and impact future resale value.
Welcome to this beautifully updated home in the highly desirable gated community of Legends at Dreamy Draw. Renovated in 2025, this move-in-ready residence features new flooring throughout, updated cabinetry, GE stainless steel appliances and a primary bathroom that offers a spa-like retreat with modern finishes. Offering over 2,200 square feet of living space, this 2-bedroom, 2.5-bath home also includes a spacious loft that can easily serve as a home office, media room, fitness space, or guest retreat. Soaring ceilings, abundant natural light, and an open, inviting floor plan create a comfortable flow that's perfect for both everyday living and entertaining. Minutes from the Biltmore, Scottsdale, downtown Phoenix, premier dining, shopping, hiking and convenient freeway access.
No exterior & parking available.
Grades PK-4 • 0.6 mi
Grades 5-8 • 1.8 mi
Grades 9-12 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,209 | - |
| Lot Size | 3,489 | - |
| Price | $599.9K | $495.4K |
| Price per sq ft | $272 | $290 |
| Built year | 1998 | 0 |
| HOA | $345 | $0 |
| Days on market | 26 | 1260 |
Jul 21, 2026
$599,900
$615,000
-2% Price Drop
Initial Listing
Jun 26, 2026
$615,000
Initial Listing