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    5516 N 24Th St Phoenix, AZ 85016

    For Sale
    $2,500,000

    Land - Phoenix, AZ

    Lot size:
    0.80 Acres
    Days on Market:
    52
    Last Refresh:
    Dec 7 at 6:06 am

    Property Features for 5516 N 24Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R35
    APN
    164-46-001-D
    Exterior features
    East/West Exposure
    Lot size
    0.80 Acres

    Building Details

    Architectural style
    Other

    Realty ONE Group (888) 461-0101 [email protected]

    Listing agent Jonathan Budwig (888) 461-0101

    Listing date Oct 17, 2025

    MLS# 6935143 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

    Biltmore Land Opportunity in Phoenix

    This 34,989 sq ft parcel presents an opportunity to build a custom estate in the Biltmore area of Phoenix. The property is positioned near Biltmore Fashion Park, offering access to dining, shopping, and fitness clubs. It also provides convenient access to Sky Harbor Airport, downtown Phoenix, and golf courses. This property is intended for the construction of a modern retreat or luxury residence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.030691
    Latitude
    33.517391

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    FAQs

    What type of property is this?
    Land - Exceptional land parcel in prestigious Biltmore area, perfect for development.
    Where is this land located?
    The property is located at 5516 N 24Th St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Premier Biltmore Location: Situated at the gateway to the world-renowned Biltmore area.; - Large Estate Parcel: A substantial 34,989 sq ft parcel, offering ample space to build a custom estate.; - Upscale Amenities at Your Doorstep: Steps from Biltmore Fashion Park with fine dining, upscale shopping, and elite fitness clubs.
    (888) 461-0101
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    Phoenix, AZ 85016
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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
    5516 N 24Th St Phoenix, AZ 85016
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