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

46 W PALM Lane, Phoenix, AZ, 85003

5beds
8baths
5,184sqft
$1,985,000
$383price/sqft
$11,713/moest. monthly cost
$468,520/yrincome needed

About This Home

Expected Completion: Late Fall. Rare opportunity to own a fully reimagined red brick brownstone style residence at Chateaux on Central in the heart of Midtown Phoenix. Originally built in 2008 and now undergoing a luxury renovation, this gated residence offers more than 5,000 square feet across five stories, with 5 bedrooms, 6 full bathrooms, 2 powder rooms, and a private elevator connecting every level. Thoughtfully redesigned by The Coveted Group under the direction of Derrick Grahn, whose influence helped shape the iconic Flora Farms in Los Cabos, the home reflects a focus on quality, livability, and timeless design. Designer finishes, custom cabinetry, natural stone surfaces, and expansive living spaces create an environment equally suited for everyday living and entertaining. The chef's kitchen is centered around an oversized island with abundant storage and refined finishes. The primary suite serves as a private retreat featuring its own terrace with city views. Additional features include a private 2 car garage, gated entry, generous storage, and a lock and leave lifestyle. Set back from the street with private driveway access, the residence offers an added sense of privacy rarely found in urban living. Located along the iconic Central Avenue Corridor, moments from the Phoenix Art Museum, Heard Museum, Downtown Phoenix, Uptown Phoenix, restaurants, coffee shops, and cultural destinations. A rare opportunity to own a fully reimagined brownstone in one of Phoenix's most recognizable urban communities.

Getting Around

77
WalkingVery Walkable
55
TransitGood Transit
70
BikeVery Bikeable

Schools

5/10
3/10
Central High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 2008

Materials

  • Roof: Other
  • Construction materials: Brick Veneer,Block,Brick

Type & Style

  • Home type: Townhouse
  • Architectural style: Other
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dryer,Washer,Refrigerator,Built-in Microwave,Dishwasher

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 8
  • Full bathrooms: 6
  • 1/2 bathrooms: 2

Features

  • Double Vanity,Other,See Remarks,Upstairs,Eat-in Kitchen,9+ Flat Ceilings,Elevator,Kitchen Island,Pantry,Separate Shwr & Tub
  • Window features: Double Pane Windows
  • Flooring: Vinyl
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Other,See Remarks
  • Cooling features: Other,See Remarks

Interior Area

  • Total structure area: 5,184
  • Total interior livable area: 5,184 sqft

Property

Details

  • Parcel number: 11851140
  • Attached to another structure: Yes

Features

  • Stories: 4
  • Patio & porch: Covered,Patio
  • Exterior features: Balcony,Private Street(s)
  • Spa features: None
  • Fencing: Wrought Iron
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 4,428 sqft
  • Features: North/South Exposure,Sprinklers In Front,Auto Timer H2O Front

Parking

  • Total spaces: 4
  • Parking features: Garage,Open
  • 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
    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 $10,037$120,444
Home Insurance $401$4,812
Property Taxes $727$8,724
Electricity $548$6,587
Total$11,713$140,556

Income You'd Need if You Spent...

35% on housing$401,588/yr
40% on housing$351,390/yr
45% on housing$312,346/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

$383This listing

vs Other Active Listings

Avg $/sqft

ZIP 85003$327
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85003$495
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)

Price History

DateEventPrice
2026-06-12Listed for sale$1,985,000
2026-06-08Sold$825,000
2025-09-10Listing removed$775,000
2025-08-23Pending sale$775,000
2025-08-07Price change$775,000
2025-07-04Price change$825,000
2024-11-26Listed for sale$850,000
2022-01-10Sold$750,000
2021-11-11Pending sale$750,000
2021-10-15Listed for sale$750,000

For Sale by Agent

AgentAriana Parry
BrokerageThe Brokery

Similar Homes