2516 W PRAIANO Way -, Phoenix, AZ 85086 (MLS# 7020514)

2516 W PRAIANO Way -, Phoenix, AZ 85086

$500,000

Property Type: Land Lot Size (sq. ft.): 49,023 Status: Active

Current Price: $500,000 List Date: 4/28/2026 Last Modified: 4/29/2026

Overview

Description

Exceptional 1.13-acre corner hillside lot in gated Ponticello at Tramonto with panoramic mountain and city-light views, offering a rare opportunity to build a luxury multi-level or walk-out custom home in one of North Phoenix's most desirable enclaves of high-end estates. Major development work is already complete, including excavation, hard dig, and retaining wall, with prior city hillside and building permits previously approved--saving valuable time, cost, and uncertainty. Seller's custom home plans and permits are included. All city utilities are on site: water, sewer, natural gas, and underground electric. Enjoy Tramonto amenities, Boulder Creek schools, nearby shopping, dining, and quick I-17 access.

Supplements: hillside lot offers exceptional design potential with panoramic mountain and city-light views, perfect for a luxury multi-level or walk-out design. Located in a gated enclave of high-end custom homes, builders can deliver a standout finished product in a prestigious community with strong resale demand. *Enjoy access to Tramonto HOA amenities inclu ... (Read more)

Listing Details MLS# 7020514

Location, Tax & Legal

House Number: 2516
Compass: W
Street Name: PRAIANO
St Suffix: Way
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85086
Zip4: 5561
Country: US
County Code: Maricopa
Assessor Number: 203-25-700
Subdivision: TRAMONTO PARCEL E1
Tax Year: 2025
Lot #: -
Assessor's Map #: 25
Legal Description (Abbrev): LOT 23 TRAMONTO PARCEL E1 MCR 073924
Assessor's Parcel #: 700
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 610600
Taxes: 1956

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 1.13
Apx Total Acres G/N: G
Price Per Acre: 442477.88
Apx SqFt: 49023
Price Per SqFt: 10.2
Apx SqFt G/N: G
Lot Size Dimensions: 221 x 195
Horses: N
Zoning: R-35
Flood Zone: No
Elementary School District: Deer Valley Unified District
High School District: Deer Valley Unified District
High School: Boulder Creek High School

Remarks Misc

Cross Street: Carefree Hwy & 23rd Lane

Legal Info

Township: 5N
Range: 2E
Section: Yes
Lot Number: -

Showing Notification Methods

Showing Service: Aligned Showings

More Information

Special Listing Cond

N/A: Yes

Pmt & Rate Info

Equity: 500000
Total Owed: 0

Assoc/Prop Info

HOA Y/N: Y
HOA Transfer Fee: 400
HOA Fee: 1288
HOA Paid (Freq): Semi-Annually
HOA Name: AAM Property Mngmnt
HOA Telephone: 602-957-9191
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N

Lockbox Type

See Private Remarks: Yes
None: Yes

Existing Land Use

Residential Lot: Yes

Zoned Presently

Single Family: Yes

Potential Use

Single Family: Yes

Parcel Size

1.00 - 2.49 Acres: Yes

Development Status

Subdivision Plat Apv: Yes
Plans Available: Yes
Plans Included: Yes
Off Site Imp Complte: Yes
On Site Imp Cmplete: Yes
Prelim Eng Included: Yes
Other: Yes
See Remarks: Yes

Land Features

Corner Lot: Yes
Gated Community: Yes
Guarded Entry: Yes
North/South Exp: Yes

View

Desert: Yes
City Lights: Yes
Mountain(s): Yes

Vegetation

Natural Vegetation: Yes

Land Configuration

Irregular Shape: Yes

Road Surface Type

Asphalt: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Electric

APS: Yes
Underground: Yes

Topography

Level: Yes
Hillside: Yes

Gas

SW Gas: Yes

Existing Structures

None: Yes

Distance to Cable

On Property: Yes

New Financing

Cash: Yes
Conventional: Yes

Distance to Phone

On Property: Yes

Distance to Water

On Property: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

On Property: Yes

Existing 1st Loan Type

Not Applicable: Yes

Distance to Gas

On Property: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Distance to Sewer

On Property: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Use Restrictions

Deed Restrictions: Yes
C.C. & R's: Yes
Hillside Ordinance: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Other Loan

Not Applicable: Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Single Family Potential Use: Single Family Parcel Size: 1.00 - 2.49 Acres Development Status: Subdivision Plat Apv; Plans Available; Plans Included; Off Site Imp Complte; On Site Imp Cmplete; Prelim Eng Included; Other; See Remarks Land Features: Corner Lot; Gated Community; Guarded Entry; North/South Exp View: Desert; City Lights; Mountain(s) Vegetation: Natural Vegetation Land Configuration: Irregular Shape Road Surface Type: Asphalt Topography: Level; Hillside Existing Structures: None Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Underground Gas: SW Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional Use Restrictions: Deed Restrictions; C.C. & R's; Hillside Ordinance Environmental: None Lockbox Type: See Private Remarks; None Fencing: None

Documents

Listing Office: Realty ONE Group

Last Updated: April - 29 - 2026

2516 W PRAIANO Way -, Phoenix, AZ 85086 (MLS# 7020514)