7240 N DREAMY DRAW Drive #113, Phoenix, AZ, 85020
About This Home
Welcome to this beautifully updated home in the highly desirable gated community of Legends at Dreamy Draw. Renovated in 2025, this move-in-ready residence features new flooring throughout, updated cabinetry, GE stainless steel appliances and a primary bathroom that offers a spa-like retreat with modern finishes. Offering over 2,200 square feet of living space, this 2-bedroom, 2.5-bath home also includes a spacious loft that can easily serve as a home office, media room, fitness space, or guest retreat. Soaring ceilings, abundant natural light, and an open, inviting floor plan create a comfortable flow that's perfect for both everyday living and entertaining. Minutes from the Biltmore, Scottsdale, downtown Phoenix, premier dining, shopping, hiking and convenient freeway access.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1998
Materials
- Roof: Tile
- Construction materials: Stucco,Wood Frame,Painted
Type & Style
- Home type: Townhouse
- Property subType: Townhouse
Interior
Appliances
- Appliances included: Dryer,Washer,Refrigerator,Dishwasher
- Laundry features: Upper Level,Inside
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Double Vanity,Upstairs,Breakfast Bar,Vaulted Ceiling(s),Full Bth Master Bdrm,Separate Shwr & Tub
- Window features: Screens
- Flooring: Vinyl
- Number of fireplaces: 1
- Fireplace features: Living Room,Gas
- Fireplace: Yes
Heating & Cooling
- Heating features: Heat Pump,Forced Air,Ceiling
- Cooling features: Heat Pump,Central Air,Ceiling Fan(s)
Interior Area
- Total structure area: 2,209
- Total interior livable area: 2,209 sqft
Property
Details
- Parcel number: 16424138
Features
- Stories: 2
- Patio & porch: Covered
- Exterior features: Balcony,Private Street(s),Private Yard
- Spa features: None
- Fencing: Front Yard,Back Yard,Wrought Iron
- Waterfront features: Wash
Lot
- Lot size: 3,489 sqft
- Features: North/South Exposure,Desert Back,Desert Front,Synthetic Grass Back
Parking
- Total spaces: 4
- Parking features: Attached,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
- Uncovered spaces: 2
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
- Inland Flooding
- Hail
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Maricopa County and Arizona
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,033 | $36,396 |
| Home Insurance | $136 | $1,632 |
| Property Taxes | $219 | $2,628 |
| Electricity | $233 | $2,807 |
| Total | $3,621 | $43,452 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-12 | Price change | $599,000 |
| 2026-07-20 | Price change | $599,900 |
| 2026-06-26 | Listed for sale | $615,000 |
| 2025-06-26 | Sold | $435,000 |
| 2025-05-01 | Price change | $449,999 |
| 2025-04-24 | Price change | $499,500 |
| 2025-04-17 | Price change | $499,550 |
| 2025-04-10 | Price change | $499,600 |
| 2025-04-03 | Price change | $499,650 |
| 2025-03-27 | Price change | $499,700 |
| 2025-03-20 | Price change | $499,750 |
| 2025-03-13 | Price change | $499,799 |
| 2025-03-06 | Price change | $499,800 |
| 2025-02-27 | Price change | $499,849 |
| 2025-02-20 | Price change | $499,899 |
| 2025-02-14 | Price change | $499,949 |
| 2025-02-06 | Price change | $499,999 |
| 2025-01-31 | Price change | $519,650 |
| 2025-01-23 | Price change | $519,700 |
| 2025-01-09 | Price change | $519,750 |
| 2025-01-01 | Listed for sale | $519,800 |
| 2024-11-04 | Contingent | $519,800 |
| 2024-10-31 | Price change | $519,800 |
| 2024-10-25 | Price change | $519,850 |
| 2024-10-17 | Price change | $519,900 |
| 2024-10-10 | Listed for sale | $519,950 |
| 2003-06-30 | Sold | $255,000 |
| 2000-11-28 | Sold | $227,700 |
| 1998-04-06 | Sold | $248,390 |
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