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    5500 N Dromedary Rd, Unit V Phoenix, AZ 85018

    For Sale
    $24,000,000

    LAND - Phoenix, AZ

    Lot size:
    23.66 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 10 at 5:06 pm

    Property Features for 5500 N Dromedary Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RE-35
    APN
    172-49-047-D
    Lot size
    23.66 Acres

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Additional Structures
    Residence

    RETSY LLC (602) 842-0000 [email protected]

    Listing agent Rebecca Hoyt (602) 799-8229

    Listing date Nov 21, 2025

    MLS# 6950228 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Camelback Mountain Estate Opportunity

    This 23.66-acre estate, situated on the slopes of Camelback Mountain, presents a buildable opportunity. The property offers over 180 degrees of valley views, with the cliffs of Camelback rising behind. Known as the ''Merry Christmas House,'' this property has been cherished by the same family for decades. The property offers potential for future development, including the opportunity to subdivide into up to four parcels. Conceptual floorplan and site plan designs by architect Mark Candelaria are available. The gated estate combines privacy, panoramic vistas, and development flexibility, located minutes from the heart of the city. This property offers the chance to own a piece of Arizona history on one of its iconic mountain peaks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.968927
    Latitude
    33.512389

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    FAQs

    What type of property is this?
    Land - Rare 23.66-acre estate on Camelback Mountain with development potential.
    Where is this land located?
    The property is located at 5500 N Dromedary Rd, Unit V Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $24,000,000.
    What are key features of this property?
    This property features: - 23.66-acre estate on Camelback Mountain, one of the last significant buildable properties.; - Sweeping 180+ degree valley views with Camelback Mountain as a backdrop.; - Subdivision potential into up to four parcels for development.
    (602) 799-8229
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    5500 N Dromedary Rd, Unit V Phoenix, AZ 85018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5500 N Dromedary Rd, Unit V Phoenix, AZ 85018
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