8428 S 16TH Drive, Phoenix, AZ 85041, Phoenix, 85041 - 3 bed, 2 bath
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Phoenix, AZ 85041
This Modern Single-Family Residence represents a Strong Value Opportunity, listed at $699,000—positioned well below the $738,134 Fair Market Value by 5%. This valuation gap provides $39,134 in Instant Equity. Featuring a 2020 Construction Date and an Excellent Condition Rating, the home offers a high-end island kitchen and panoramic mountain views. While school ratings are modest, the massive 0.46-acre lot offers significant expansion potential. This property is an ideal acquisition for Owner-Occupants seeking lifestyle luxury or Buy-and-Hold Investors.
Property is new construction or fully renovated.
Built in 2020, this home is well under the 10-year threshold for excellent condition. It features a modern open-concept island kitchen with top-of-the-line appliances, contemporary tile flooring, and high-quality finishes throughout. The systems and structure are nearly new, requiring no maintenance or updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20320, living area = 2477.
The nearly half-acre lot is a rare 'unicorn' find in a gated community, offering massive potential for a guest house, private pool, or extensive outdoor landscaping.
Built in 2020, this high-quality home features a unique balcony that provides dual views of South Mountain and the downtown Phoenix skyline, paired with a contemporary open floor plan.
The assigned public schools for this area currently hold low ratings (3/10), which may be a deterrent for families prioritizing high-performing educational institutions.
At 2,477 square feet, the home only offers three bedrooms, which may feel limited for buyers expecting more sleeping quarters or dedicated guest spaces in a home of this size.
UNICORN ALERT! Fantastic single level home on a huge almost 1/2 acre lot in a prestigious gated community. Fall in love with this open floor plan! Perfect set up with a den/office up front and formal room but then the main living is open and bright with a stunning island kitchen with top of the line appliances and lots of storage. The living room looks out on the expanded covered patio and stairs to up top balcony with amazing South Mountain and downtown Phx views! The lot is incredible, with plenty of space to build a guest house, pool, heck, why not both?! There is room! This home is well appointed and you can tell the quality of the build. Super quiet gated community with nice common space and playground. This are is really booming, come find out why! A true 10+ Home!
No exterior & parking available.
Grades K-8 • 0.6 mi
Grades 9-12 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,477 | - |
| Lot Size | 20,320 | - |
| Price | $649.8K | $495.4K |
| Price per sq ft | $262 | $290 |
| Built year | 2020 | 0 |
| HOA | $220 | $0 |
| Days on market | 85 | 1260 |
Jul 11, 2026
$649,777
$675,000
-4% Price Drop
Initial Listing
Jun 8, 2026
$675,000
$699,000
-3% Price Drop
Initial Listing
Apr 29, 2026
$699,000
Initial Listing