For sale

Price cut: $100K (8/24)

$2,750,000

12001 S 71ST Street, Tempe, AZ 85284

3beds

1,716sqft

$16,794/mo

Get pre-qualified

Single Family Residence

Built in 1971

1.34 Acres Lot

$-- Zestimate^®

$1,603/sqft

$-- HOA

What's special

Surrounded by multimillion-dollar homes

An exceptional redevelopment opportunity in the prestigious Tally Ho Farms community! Situated on a sprawling 1.34-acre lot in one of Tempe's most coveted luxury neighborhoods, this property is being offered primarily for land value and is an ideal scrape-and-build opportunity for investors, developers, or those looking to create a custom estate. Surrounded by multimillion-dollar homes, this premier parcel offers endless potential in an area where luxury development continues to thrive. A recent nearby sale closed at $6,500,000, highlighting the incredible upside and strong demand for new construction in the neighborhood. With ample space to design a world-class residence complete with guest house, resort-style amenities, RV garages, or private sport courts (subject to applicable approvals), opportunities like this are becoming increasingly rare. Bring your vision and capitalize on one of the last premier redevelopment opportunities in Tally Ho Farms.

42 days
1,489
38

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Heat Pump

Cooling

Heat Pump, Central Air

Appliances

Included: Electric Oven
Laundry: Inside

Features

Non-laminate Counter, Full Bth Master Bdrm
Flooring: Vinyl, Tile
Has basement: No
Number of fireplaces: 1
Fireplace features: Wood Burning

Interior area

Total structure area: 1,716
Total interior livable area: 1,716 sqft

Property

Parking

Total spaces: 8
Parking features: Carport, Open
Carport spaces: 4
Uncovered spaces: 4

Features

Stories: 1
Spa features: None
Fencing: Block,Chain Link

Lot

Size: 1.34 Acres
Features: Grass Front, Grass Back, Irrigation Front, Irrigation Back

Details

Parcel number: 30152024D
Horses can be raised: Yes

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Painted, Block
Roof: Shake

Condition

Year built: 1971

Utilities & green energy

Sewer: Septic Tank
Water: City Water

Community & HOA

Community

Subdivision: TALLY HO FARMS 2

HOA

Has HOA: No
Services included: No Fees

Location

Region: Tempe

Financial & listing details

Price per square foot: $1,603/sqft
Tax assessed value: $572,200
Annual tax amount: $3,813
Date on market: 7/21/2026
Cumulative days on market: 41 days
Listing terms: Cash,Conventional
Ownership: Fee Simple

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/24/2026	Price change	$2,750,000-3.5%$1,603/sqft
Source: ARMLS #7057029 Report a problem
7/22/2026	Listed for sale	$2,850,000+5081.8%$1,661/sqft
Source: ARMLS #7057029 Report a problem
5/30/1995	Sold	$55,000$32/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,792 +3.7%	$57,220 -14.8%
2024	$3,658 +2.9%	$67,130 +82.9%
2023	$3,555 +5.2%	$36,706 -17.4%
2022	$3,381 -1.4%	$44,450 +2.2%
2021	$3,429 +3.3%	$43,510 +7.8%
2020	$3,320 +3.5%	$40,350 +7.5%
2019	$3,209	$37,550 +15.8%
2018	$3,209 +4.3%	$32,430 +4.7%
2017	$3,076 +6.8%	$30,970 +4.2%
2016	$2,882 -0.9%	$29,710 -4.6%
2015	$2,906	$31,130 +15.5%
2014	--	$26,960 +25.3%
2013	--	$21,510 -16.9%
2012	--	$25,870 -6.1%
2011	--	$27,550 -10.4%
2010	--	$30,750 -10.2%
2009	--	$34,250 -26.9%
2008	--	$46,850 +7.6%
2007	--	$43,550 +70.1%
2006	--	$25,600
2005	--	$25,600 +15.1%
2004	--	$22,250
2003	--	$22,250 +27.9%
2002	--	$17,400