Some homes have a backyard. This one was designed around it.
Completed in 2026, this nearly 5,000-square-foot custom residence in the heart of the Biltmore corridor wraps around a private central courtyard, placing the newly completed heated pool, spa and gardens at the heart of the home. From the moment you enter, soaring 10'-15' ceilings and expansive walls of glass draw your eye through the great room and out to the water beyond.
The kitchen makes a statement of its own. An oversized leathered Jatoba quartzite island anchors the space, complemented by professional-grade appliances, custom cabinetry, a built-in coffee station and expansive butler's pantry. Oversized multi-panel glass doors disappear to connect the main living spaces with the courtyard and covered outdoor entertaining areas.
The primary suite occupies its own private retreat, thoughtfully separated from the secondary bedroom wing and complete with fireplace, dual custom walk-in closets, spa bath, dedicated fitness/yoga studio and in-suite laundry. Elsewhere, the flexible floor plan includes a dramatic executive office, media/flex room with potential sixth-bedroom use, beautifully finished secondary suites and spaces equally suited to quiet mornings, movie nights or a house full of guests.
And then there is the courtyard.
A newly completed heated pool and spa with Baja shelf sits within landscaped grounds surrounded by the home itself, with generous lawn, covered outdoor living, a dedicated pool bath and outdoor shower. By day, it becomes an extension of the interior living spaces. By night, illuminated water and the surrounding architecture transform it into a private retreat.
Behind the design is serious infrastructure: three tankless water heaters, energy-efficient dual-pane windows, extensive spray-foam insulation including the garage, residential fire sprinklers, 400-amp electrical service, an oversized three-car garage and RV gate.
2801 E Elm isn't a floor plan dropped onto a lot. It is a custom home designed for the way it sits, the way it lives, and the way its spaces connect--with the courtyard quite literally at its center.
New construction
Price cut: $25K (10/1)
$3,950,000
2801 E ELM Street, Phoenix, AZ 85016
5beds
4,936sqft
Single Family Residence
Built in 2026
0.33 Acres Lot
$-- Zestimate®
$800/sqft
$-- HOA
What's special
Outdoor showerNewly completed heated poolRv gatePrivate central courtyardDedicated pool bathOversized three-car garageDramatic executive office
- 81 days
- 855
- 86
Zillow last checked:
Listing updated:
Listed by:
Elessa Freelingos 480-282-2619,
HomeSmart
Source: ARMLS,MLS#: 7043789

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
Appliances
- Included: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Range
- Laundry: Inside
Features
- Quartz Countertops, Granite Counters, Double Vanity, 9+ Flat Ceilings, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
- Flooring: Carpet, Wood
- Windows: Screens, Double Pane Windows, Vinyl Frame
- Has basement: No
- Number of fireplaces: 3
- Fireplace features: Family Room, Living Room, Master Bedroom, Gas
Interior area
- Total structure area: 4,936
- Total interior livable area: 4,936 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: RV Access/Parking, Electric Vehicle Charging Station(s)
- Garage spaces: 3
- Uncovered spaces: 3
Accessibility
- Accessibility features: Accessible Hallway(s)
Features
- Stories: 1
- Patio & porch: Covered
- Has private pool: Yes
- Pool features: Outdoor Pool, Heated
- Has spa: Yes
- Spa features: Private
- Fencing: Block
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.33 Acres
- Features: North/South Exposure, Sprinklers In Rear, Sprinklers In Front, Corner Lot, Grass Back, Synthetic Grass Frnt
Details
- Parcel number: 16309031
- Special conditions: Owner/Agent
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Stucco, Board & Batten Siding, Wood Frame, Painted
- Roof: Composition
Condition
- Complete Spec Home,New Construction
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Electric: 220 Volts in Kitchen
- Sewer: Public Sewer
Green energy
- Water conservation: Tankless Ht Wtr Heat
Community & HOA
Community
- Features: Biking/Walking Path
- Security: Fire Sprinkler System
- Subdivision: GIBRALTAR ESTATES
HOA
- Has HOA: No
- Services included: No Fees
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $800/sqft
- Tax assessed value: $623,500
- Annual tax amount: $4,377
- Date on market: 7/17/2026
- Cumulative days on market: 82 days
- Listing terms: VA Loan,Cash,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Price change | $3,950,000-0.6%$800/sqft |
Source: | ||
| 7/17/2026 | Listed for sale | $3,975,000+444.5%$805/sqft |
Source: | ||
| 3/27/2024 | Sold | $730,000-5.8%$148/sqft |
Source: | ||
| 3/8/2024 | Pending sale | $775,000$157/sqft |
Source: | ||
| 2/17/2024 | Price change | $775,000-3.1%$157/sqft |
Source: | ||
| 1/29/2024 | Listed for sale | $800,000$162/sqft |
Source: | ||
| 1/19/2024 | Pending sale | $800,000$162/sqft |
Source: | ||
| 1/19/2024 | Listed for sale | $800,000$162/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,377 +4.9% | $62,350 -11.3% |
| 2024 | $4,173 +17.3% | $70,330 +130.8% |
| 2023 | $3,557 +3.3% | $30,477 -28% |
| 2022 | $3,443 -0.4% | $42,330 +13.2% |
| 2021 | $3,456 +2.3% | $37,410 +3.6% |
| 2020 | $3,378 +2.7% | $36,120 -7% |
| 2019 | $3,289 | $38,820 +12.5% |
| 2018 | $3,289 +5.3% | $34,500 +3.1% |
| 2017 | $3,123 +11.5% | $33,470 +9% |
| 2016 | $2,800 +6.7% | $30,720 +7.2% |
| 2015 | $2,625 | $28,660 +37.7% |
| 2014 | -- | $20,810 +16.5% |
| 2013 | -- | $17,860 -9.2% |
| 2012 | -- | $19,670 -11.7% |
| 2011 | -- | $22,270 -9% |
| 2010 | -- | $24,480 -20.1% |
| 2009 | -- | $30,630 -20.4% |
| 2008 | -- | $38,500 +20.1% |
| 2007 | -- | $32,050 +48.4% |
| 2006 | -- | $21,600 |
| 2005 | -- | $21,600 +8.8% |
| 2004 | -- | $19,850 |
| 2003 | -- | $19,850 +59.4% |
| 2002 | -- | $12,450 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Camelback East
Nearby schools
Schools provided by the listing agent
- Elementary: Madison Camelview Elementary
- Middle: Madison Park School
- High: Camelback High School
- District: Madison Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






