Known as Casa de Sueños (''House of Dreams''), this rare 1915 adobe is tucked at the end of a long private drive in the highly coveted Hacienda Granada neighborhood, within the Hopi School District. Set on an expansive 32,000 sq ft lot, the 3,800 sq ft residence is a true Spanish hacienda--rich in character, history, and architectural integrity. Long regarded as one of Arcadia's hidden gems, this is a property many have admired from afar, quietly set back and full of intrigue. Offering a rare opportunity for a buyer who values authenticity and timeless design. The home has been thoughtfully maintained and presents the chance to further enhance while honoring its legacy. Ideal for the discerning buyer seeking a property with soul, scale, and the opportunity to carry it into its next chapter
Sold for $2,100,000
$2,100,000
4040 E ELM Street, Phoenix, AZ 85018
3beds
3,874sqft
Single Family Residence
Built in 1915
0.73 Acres Lot
$2,100,200 Zestimate®
$542/sqft
$4,942 Estimated rent
Home value
$2,100,200
$1.93M - $2.29M
$4,942/mo
Zestimate® history
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List your homeWhat's special
True spanish haciendaThoughtfully maintained
Zillow last checked:
Listing updated:
Listed by:
Heather MacLean 602-214-5169,
Compass,
David Newcombe 602-510-0111,
Compass
Bought with:
Heather MacLean, SA508701000
Compass
Source: ARMLS,MLS#: 7023566
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Heat Pump
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Refrigerator, Gas Range
Features
- 9+ Flat Ceilings, Kitchen Island, Separate Shwr & Tub
- Flooring: Other, Carpet, Wood
- Has basement: No
- Number of fireplaces: 3
- Fireplace features: Wood Burning, Family Room, Living Room, Master Bedroom
Interior area
- Total structure area: 3,874
- Total interior livable area: 3,874 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street, Detached Garage, Detached Carport, Gated, Circular Driveway, Storage
- Has garage: Yes
- Carport spaces: 2
Features
- Stories: 1
- Patio & porch: Covered, Patio
- Exterior features: Private Yard, Storage
- Spa features: None
- Fencing: Perimeter,Back Yard,Block,Chain Link,Wood
Lot
- Size: 0.73 Acres
- Features: Borders Common Area, East/West Exposure, Sprinklers In Rear, Sprinklers In Front, Grass Front, Grass Back
Details
- Parcel number: 17117027C
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow,See Remarks,Spanish
- Property subtype: Single Family Residence
Materials
- Stucco, Adobe, Block, Brick
- Foundation: Slab, Raised
- Roof: Tile
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
- Utilities for property: Phone Connected
Community & HOA
Community
- Features: Gated, Historic District, Biking/Walking Path
- Subdivision: HACIENDA GRANADA 2
HOA
- Has HOA: No
- Services included: No Fees
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $542/sqft
- Tax assessed value: $1,419,400
- Annual tax amount: $7,305
- Date on market: 5/7/2026
- Cumulative days on market: 62 days
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Sold | $2,100,000-12.3%$542/sqft |
Source:  ARMLS #7023566 Report a problem | ||
| 7/8/2026 | Pending sale | $2,395,000$618/sqft |
Source: ARMLS #7023566 Report a problem | ||
| 5/7/2026 | Listed for sale | $2,395,000+409.1%$618/sqft |
Source: ARMLS #7023566 Report a problem | ||
| 3/1/1996 | Sold | $470,400$121/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,029 +5.1% | $141,940 -0.1% |
| 2024 | $6,686 +2.2% | $142,040 +67.9% |
| 2023 | $6,541 +0.8% | $84,594 -5% |
| 2022 | $6,491 -1.7% | $89,020 +11.1% |
| 2021 | $6,601 +7% | $80,110 -3.4% |
| 2020 | $6,172 +4.4% | $82,950 +12.5% |
| 2019 | $5,912 | $73,710 +4.7% |
| 2018 | $5,912 +4.5% | $70,420 +2.2% |
| 2017 | $5,656 +13.4% | $68,900 +5.5% |
| 2016 | $4,987 +4.4% | $65,310 +0% |
| 2015 | $4,779 | $65,300 +19.8% |
| 2014 | -- | $54,530 -9.1% |
| 2013 | -- | $59,960 +1.4% |
| 2012 | -- | $59,140 +7.8% |
| 2011 | -- | $54,850 -15% |
| 2010 | -- | $64,550 0% |
| 2009 | -- | $64,580 -26.2% |
| 2008 | -- | $87,460 +18% |
| 2007 | -- | $74,100 +98.8% |
| 2006 | -- | $37,270 |
| 2005 | -- | $37,270 +30.3% |
| 2004 | -- | $28,600 |
| 2003 | -- | $28,600 +24.3% |
| 2002 | -- | $23,000 |
Find assessor info on the county website
Neighborhood: Camelback East
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Nearby schools
GreatSchools rating
- 9/10Hopi Elementary SchoolGrades: K-5Distance: 1.5 mi
- 7/10Ingleside Middle SchoolGrades: 6-8Distance: 2.1 mi
- 9/10Arcadia High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Hopi Elementary School
- Middle: Ingleside Middle School
- High: Arcadia High School
- District: Scottsdale Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$2,100,200
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Estimated market value
$2,100,200
- Arizona
- Maricopa County
- Phoenix
- 85018
- Camelback East
- 4040 E ELM Street
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