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Luxury Remodel Investment Opportunity
5655 N Camelback Canyon Dr, Phoenix, AZ 85018
Strategy: Full Luxury Remodel with High-End Finishes
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Investment Highlights:
• Purchase Price: $3,899,995
• Lot Size: 42,000+ sq ft (0.96 acres), hillside with panoramic views
• Plan: Renovate and modernize existing luxury home with premium upgrades
• Design Focus: Modern/transitional architecture, smart-home features, luxury kitchen and baths, glass walls, resort-style pool area
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Project Budget:
Category Estimate
Acquisition $3,899,995
Renovation $750,000
Soft Costs / Carry (10%) $250,000
Total Project Cost $4,799,995
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Projected Returns:
ARV Scenario $/Sq Ft Projected ARV Gross Profit ROI on Cost
Conservative $800 $5,200,000 $400,005 8.3%
Realistic Target $900 $5,850,000 $1,050,005 21.9%
Premium Tier $1,000 $6,500,000 $1,700,005 35.4%
Luxury Tier $1,200 $7,800,000 $3,000,005 62.5%
Ultra Luxury Tier $1,400 $9,100,000 $4,300,005 89.6%
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Luxury Renovated Comparable Sales (Hillside):
Address Sq Ft Sale Price $/Sq Ft Notes
6825 N 39th Pl 5,007 $4.5M $898 Designer remodel, modern finishes
6,209 sf hillside home 6,209 $7.4M $1,192 High-end renovation, panoramic views
6623 N Hillside Dr 5,035 $8.75M $1,738 Ultra-modern remodel with glass walls
9,470 sf PV estate 9,470 $15.3M $1,615 Total luxury transformation
6109 E Maverick (Nova) 11,965 $18.5M $1,546 Top-tier designer overhaul
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Investor Summary:
This property offers a high-potential remodel play in one of the Valley’s most prestigious hillside neighborhoods. With a thoughtfully executed luxury renovation, this home can target resale valuations between $1,000–$1,400 per sq ft. The area supports strong buyer demand for well-located, turn-key luxury homes with designer-grade finishes, making this an exceptional opportunity for an experienced investor or builder.
5 Bedrooms | 4.5 Baths | 6,000 ft
4 Bedrooms | 3 Baths | 3,500 ft
4 Bedrooms | 2 Baths | 2,466 ft
