See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

2801 E ELM Street, Phoenix, AZ, 85016

5beds
6baths
4,936sqft
$3,975,000
$805price/sqft
$23,178/moest. monthly cost
$927,120/yrincome needed

About This Home

Completed New Build in the heart of the Biltmore corridor! This architecturally designed luxury residence offers 5000 SQF with 5 ensuite bedrooms, 5 baths, soaring 10'-15' ceilings, and seamless indoor-outdoor living. The chef's kitchen features an oversized leathered Brazilian quartzite island, professional-grade appliance package, built-in coffee station, and expansive butler's pantry. The private primary retreat includes dual walk-in closets, a spa-inspired bath, dedicated fitness/yoga room, and in-suite laundry. Designed for modern living, the versatile floor plan offers multigenerational living options, a dedicated office, media room, oversized 3-car garage, RV gate, pool bath, outdoor shower, and a resort-style backyard featuring a heated pool, spa and baja shelf Beyond the impressive floor plan, the home showcases a level of craftsmanship and attention to detail rarely found in today's market. The open-concept floor plan is anchored by multi-panel sliding glass doors that create a seamless connection between the interior living spaces and resort-style outdoor entertaining areas. Additional features include 3 tankless water heaters, energy-efficient dual-pane windows, spray foam insulation including garage, a residential fire sprinkler system and 400 amp electrical service. The backyard has been thoughtfully designed to complement the home's luxury lifestyle, with plans for a heated pool and spa, baja shelf, water features, BBQ area, and resort-style outdoor entertaining spaces. Buyers may have the opportunity to personalize select finishes and design elements prior to close. This is a rare opportunity to own a truly custom luxury residence where timeless architecture, thoughtful design, and exceptional craftsmanship come together in one of Phoenix's most desirable neighborhoods.

Getting Around

54
WalkingSomewhat Walkable
44
TransitSome Transit
51
BikeBikeable

Schools

5/10
Madison Park SchoolGrades PK,5-81.7 mi
3/10
Camelback High SchoolGrades 9-120.1 mi

Construction

Condition

  • Property condition: Complete Spec Home,New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Composition
  • Construction materials: Stucco,Board & Batten Siding,Wood Frame,Painted

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Washer,Refrigerator,Built-in Microwave,Dishwasher,Disposal,Gas Range
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2

Features

  • Quartz Countertops,Granite Counters,Double Vanity,9+ Flat Ceilings,No Interior Steps,Vaulted Ceiling(s),Kitchen Island,Pantry,Full Bth Master Bdrm,Separate Shwr & Tub
  • Window features: Screens,Double Pane Windows,Vinyl Frame
  • Flooring: Carpet,Wood
  • Number of fireplaces: 3
  • Fireplace features: Family Room,Living Room,Master Bedroom,Gas
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Ceiling Fan(s),ENERGY STAR Qualified Equipment

Interior Area

  • Total structure area: 4,936
  • Total interior livable area: 4,936 sqft

Property

Accessibility

  • Accessibility features: Accessible Hallway(s)

Details

  • Parcel number: 16309031
  • Special condition: Owner/Agent

Features

  • Stories: 1
  • Private pool: Yes
  • Pool features: Outdoor Pool,Heated
  • Patio & porch: Covered
  • Has spa: Yes
  • Spa features: Private
  • Fencing: Block
  • Has view: Yes
  • View description: Mountain(s)

Lot

  • Lot size: 0.33 Acres
  • Features: North/South Exposure,Sprinklers In Rear,Sprinklers In Front,Corner Lot,Grass Back,Synthetic Grass Frnt

Parking

  • Total spaces: 6
  • Parking features: RV Access/Parking,Electric Vehicle Charging Station(s)
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes
  • Uncovered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Hail

FEMA Declared Disasters in Maricopa County and Arizona

Fire
Flood
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $20,099$241,188
Home Insurance $1,100$13,200
Property Taxes $1,457$17,484
Electricity $522$6,272
Total$23,178$278,136

Income You'd Need if You Spent...

35% on housing$794,674/yr
40% on housing$695,340/yr
45% on housing$618,080/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 1.2%
1.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$805This listing

vs Other Active Listings

Avg $/sqft

ZIP 85016$340
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85016$399
Maricopa County$262

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-17Listed for sale$3,975,000
2024-03-27Sold$730,000
2024-03-08Pending sale$775,000
2024-02-17Price change$775,000
2024-01-29Listed for sale$800,000
2024-01-19Pending sale$800,000
2024-01-19Listed for sale$800,000

New Construction

AgentElessa Freelingos
BrokerageHomeSmart

Similar Homes