Phoenix, AZ Real Estate Search

Phoenix, AZ Properties between $2,000,000 and $3,000,000 for Sale

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Newest Phoenix, AZ Properties between $2,000,000 and $3,000,000 for Sale

$2,999,999
7 Beds 9 Baths 6853442 MLS 7,559 SqFt.
Located in the prestigious gated community of Canyon Reserve, this custom luxury home features ICF construction (solid concrete, wrapped in insulation) for exceptional efficiency and durability. Designed for indoor-outdoor living, enjoy a resort-style backyard with pool, waterfall, grotto, and slide, plus expansive covered patios and a full outdoor kitchen. The home offers multiple ensuite bedrooms, a private casita with kitchenette, game room with balcony, theater with snack bar, and a versatile lower-level flex space. A rooftop deck captures mountain views, and an in-home elevator adds everyday convenience. Exceptional design, quality, and lifestyle throughout. This custom luxury residence blends thoughtful design, quality construction, and exceptional indoor-outdoor living. A grand entry opens to formal living and dining spaces, leading into a spacious great room and a well-appointed kitchen designed for both everyday living and entertaining. Rich finishes, custom cabinetry, and quality materials are carried throughout the home. The flexible floor plan includes multiple ensuite bedrooms, offering comfort and privacy for family and guests alike. A standout space functions as a bedroom, library, or home office, complete with custom built-ins and its own private bath. The primary suite provides a true retreat, while additional bedrooms include both private ensuites and a thoughtfully designed Jack & Jill layout. The game room serves as a central gathering space, featuring a built-in bar and direct access to a private balcony with mountain views--perfect for relaxing or entertaining. A dedicated home theater with tiered seating and a snack bar creates a true cinema experience. Outdoor living is where this home truly shines. The resort-style backyard features a pool with waterfall, grotto, and slide, surrounded by expansive patios designed for entertaining. A full outdoor kitchen, covered dining areas, and multiple seating spaces create a seamless indoor-outdoor lifestyle ideal for Arizona living. A detached casita offers a private retreat for guests, complete with its own entrance, kitchenette, and full bathroom--ideal for extended stays or multi-generational living. Additional features include a rooftop deck capturing sweeping mountain views, a lower-level flex space ideal for a gym, studio, home business, or hobby area, and an in-home elevator connecting the garage level to the main living area for added everyday convenience. From its versatile layout to its resort-style amenities, this home offers a rare combination of luxury, functionality, and lifestyle.

13811 S Canyon Drive, Phoenix

$2,125,000
29 Beds 29 Baths 6770068 MLS
17-UNIT VALUE-ADD WORKFORCE HOUSING PORTFOLIO | $2,125,000 | Approx. $125,000 Per Unit. Not every investor is the right buyer for this portfolio and that's exactly the point. This 17-unit workforce housing portfolio consists of individually deeded condominium units within Mountain Springs Terrace and is being offered as a single investment opportunity. The portfolio includes eleven 2-bedroom plus den/2-bath units, five 1-bedroom plus den/1-bath units, and one 3-bedroom/1-bath unit. (The den functions as a bedroom but does not have a window.) Offered at $2,125,000 approximately $125,000 per unit this is a value-add opportunity designed for investors who understand cash flow, operational improvements and long-term appreciation rather than turnkey perfection. The projected income profile offers the type of risk-adjusted return experienced investors often seek in workforce housing assets, recognizing that stronger returns typically accompany opportunities requiring active ownership and thoughtful management. This is an unwarrantable condominium community, making conventional residential financing challenging. The ideal purchaser will be an experienced investor utilizing commercial financing, cash, a 1031 Exchange, private capital, or other investment strategies appropriate for this asset class. Many units have been renovated over time, and every residence includes its own washer and dryer an amenity that continues to attract long-term tenants. The community offers covered parking, a swimming pool, on-site management office, barbecue area, and convenient access to major employment corridors, shopping, Loop 101, SR-51, and public transportation. Investment Highlights: Individually deeded condominium ownership providing long-term ownership flexibility and multiple future exit strategies. Professionally managed HOA. Continued capital improvements and ongoing maintenance demonstrate proactive ownership. Strong demand for workforce housing in an established North Phoenix rental market. Every residence includes an in-unit washer and dryer. Attractive basis at approximately $125,000 per unit. This is not a passive investment. It is a portfolio built for investors who understand Class C workforce housing, recognize value-add opportunities, and appreciate the balance between operational involvement and long-term income potential. If you're looking for a pristine institutional asset, this isn't it. If you're looking for cash flow, upside, and know how to operate Class C workforce housing, let's talk.

18202 Cave Creek Road Unit 17units, Phoenix

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