
Mesa, AZ 85207
This Luxury Multi-Dwelling Estate is a Strong Value Opportunity, listed at $2,250,000—positioned well below the $2,348,316 Fair Market Value by 4%. This valuation gap offers $98,316 in Instant Equity. Boasting a Mint Condition Rating, the property features a main residence plus a 2,155 sq ft detached guest house, a resort-style grotto pool, and unobstructed mountain views. With no HOA and proximity to the top-rated Franklin Elementary (9/10), it offers unparalleled lifestyle flexibility. This is an elite acquisition for Multi-Generational Families or Luxury Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8236 E HERMOSA VISTA Drive Subject | $2,050,000* List Price | 8 | 7 | 5,886 | $348 | - |
A 8315 E PALM Lane Active | $1,792,000 List Price | 6 | 3 | 5,539 | $324 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2016, this property is under 10 years old and presents in mint condition. The kitchen and bathrooms feature modern finishes including granite/quartz countertops and contemporary cabinetry. Systems are high-end and well-maintained, featuring spray foam insulation and a brand-new well motor replaced in 2024.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 47849, living area = 5886.
Elementary School: Franklin Elementary School (9/10).
The property features a massive 2,155 sq ft detached guest house with its own 3-car drive-through garage, providing rare flexibility for multi-generational living or significant rental income potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5886, other record living area = 3786.
While the elementary schools are highly rated, the assigned middle and high schools carry lower ratings (5/10 and 6/10), which may be a concern for families prioritizing long-term educational consistency.
At a $2.25M valuation, the property occupies a premium segment of the Mesa market, which may result in a more limited pool of qualified buyers and longer absorption time.
This rare multi-dwelling estate features a 3,786 sqft main residence w 5 beds and 4 baths, plus a 2,155 sqft second residence offering 3 beds and 2.5 baths. Situated on horse property with no HOA, it offers exceptional equestrian, multigenerational, or income potential. The main home showcases a spacious two-story layout with plantation shutters and surround sound extending to the front and back patios for seamless indoor-outdoor living. The kitchen features Frigidaire appliances, a gas cooktop, electric oven, granite and quartz countertops, a walk-in pantry, and a pass-through window. Upstairs includes a junior suite, Jack-and-Jill bath, and a primary suite with a private balcony. All bedrooms have custom closets, most of them walk-in. The second residence offers a primary suite, junior suite, flexible office/bedroom, and 2.5 bathrooms, along with a 4-panel stackable sliding glass wall, gas range, and its own 3-car drive-through garage. Both garages are extra deep and include extended workshop space, offering added functionality for storage, hobbies, or recreational vehicles. Outdoors, the resort-style backyard is designed for enjoyment with a grotto pool (8.5 ft depth), baja step, ramada, turf, built-in trampoline, horseshoe pit, roll-down patio shades, hot tub, and more. Additional highlights include drive-through garages, RV access, spray foam insulation, central vac, water softener, water heater replaced in 2026, and a $10k well motor replaced in 2024. Whether you're looking for a private retreat, a luxury vacation rental, or a functional multi-dwelling estate, this property offers unparalleled flexibility and revenue potential.
No exterior & parking available.
Grades K-6 • 1.7 mi
Grades PK-6 • 6.2 mi
Grades K-6 • 9.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 3.0 |
| Baths | 7.0 | 2.0 |
| Square foot | 5,886 | 1,890.26 |
| Lot Size | 47,849 | 7,798.376 |
| Price | $2.05M | $485.4K |
| Price per sq ft | $348 | $264 |
| Built year | 2016 | 1994 |
| HOA | $0 | $174 |
| Days on market | 139 | 69 |
Aug 28, 2026
$2,050,000
$2,100,000
-2% Price Drop
Initial Listing
Aug 1, 2026
$2,100,000
$2,150,000
-2% Price Drop
Initial Listing
Jul 7, 2026
$2,150,000
$2,200,000
-2% Price Drop
Initial Listing
Jun 16, 2026
$2,200,000
$2,250,000
-2% Price Drop
Initial Listing
Apr 23, 2026
$2,250,000
Initial Listing