7240 N DREAMY DRAW Drive 113, Phoenix, AZ 85020, Phoenix, 85020 - 2 bed, 3 bath
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7240 N DREAMY DRAW Drive 113
Phoenix, AZ 85020
ACTIVE
CONDITION: EXCELLENT
2Beds
3Baths
2,209Sq Ft
3,489Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$610,803
SUMMARY
This Stunning Move-In Ready Home is listed at $599,900, offering exceptional value near its $610,576 Fair Market Value. Featuring a 2025 renovation with new flooring, updated cabinetry, and a spa-like primary bathroom, the property boasts an Excellent Condition Rating requiring zero immediate work. Situated in the gated Legends at Dreamy Draw, this residence offers a spacious loft and a private patio, perfect for a low-maintenance lifestyle. It is the ideal fit for busy professionals or first-time buyers seeking a polished, stress-free transition near the Biltmore.
Estimated Market Value
$610,803
Based on Realkey algorithm analyzing recent comparable sales in Phoenix.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7240 N DREAMY DRAW Drive 113 Subject | $599,000* List Price | 2 | 3 | 2,209 | $277 | - |
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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a comprehensive renovation in 2025, featuring a modern kitchen with updated cabinetry and GE stainless steel appliances, a spa-like primary bathroom with contemporary finishes, and new flooring throughout. Given the renovation is less than 5 years old and the home is in mint, move-in-ready condition, it meets the criteria for Excellent.
PROSSTRENGTHS & OPPORTUNITIES
- Recent 2025 Renovations
The home features extensive 2025 updates including new flooring, cabinetry, and GE stainless steel appliances, offering a modern, move-in-ready experience for buyers.
- Spacious & Flexible Layout
With over 2,200 square feet, soaring ceilings, and a large loft, the floor plan provides significant versatility for a home office, fitness studio, or guest retreat.
- Prime Gated Location
Located in the prestigious Legends at Dreamy Draw, the property offers security and excellent proximity to the Biltmore, Scottsdale, and premier hiking trails.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
Despite the generous square footage, the home only offers two formal bedrooms, which may restrict its appeal to larger families or those requiring more private rooms.
- High School Rating
The property is zoned for Camelback High School, which currently holds a lower academic rating, potentially impacting long-term resale value for family-oriented buyers.
About 7240 N DREAMY DRAW Drive 113
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 3,489 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $345 / Month
Neighborhood Insights
Phoenix Unified Schools
Madison Heights Elementary School
Grades PK-4 • 0.6 mi
7/10
Madison #1 Elementary School
Grades 5-8 • 1.8 mi
6/10
Camelback High School
Grades 9-12 • 3.0 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,209 | 1,850.5 |
| Lot Size | 3,489 | 7,313 |
| Price | $599.0K | $481.7K |
| Price per sq ft | $271 | $289 |
| Built year | 1998 | 1987 |
| HOA | $345 | $175 |
| Days on market | 50 | 757 |
Pricing History
Listed for Sale
Aug 13, 2026
$599,000
$599,900
+0% Price Increase
Initial Listing
Price Change
Jul 21, 2026
$599,900
$615,000
-2% Price Drop
Initial Listing
Price Change
Jun 26, 2026
$615,000
Initial Listing