2703 E FRIESS Drive # 5 Phoenix, AZ ^$ 1,399,000

2703 E FRIESS Drive # 5

^$ 1,399,000

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2703 E FRIESS Drive # 5

Phoenix, AZ, 85032

^$ 1,399,000

Studio Baths0.0

Monthly Estimate*

^$ 8,728

2703 E FRIESS Drive # 5, Phoenix, AZ 85032 - Image 1

2703 E FRIESS Drive # 5, Phoenix, AZ 85032 - Image 2

2703 E FRIESS Drive # 5, Phoenix, AZ 85032 - Image 3

2703 E FRIESS Drive # 5, Phoenix, AZ 85032 - Image 4

2703 E FRIESS Drive # 5, Phoenix, AZ 85032 - Image 5

2703 E FRIESS Drive # 5, Phoenix, AZ 85032 - Image 6

2703 E FRIESS Drive # 5, Phoenix, AZ 85032 - Image 7

Studio

Lots and Land for sale in Phoenix, AZ

for $1,399,000. The lot size is 1.11.

SELLER FINANCING AVAILABLE!!! Stunning elevated lot in the exclusive, gated Preserve at Shadow Mountain community! Beautifully situated among multi-million-dollar homes! Enjoy unobstructed 360° city and mountain views, perfectly situated on a culdesac with a private road bordering the preserve with direct access to hiking trails right outside your door! Just minutes from Paradise Valley Mall, premier golf courses, shopping, dining, schools, horseback riding, and major freeways. This prime central location is truly unmatched. Ready for your dream build! Don't miss the opportunity to own one of the finest lots in the Preserve at Shadow Mountain!

Lots and Land Active

Price

^$ 1,399,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 1,652

Style

Land

Lot Size

1.11

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6929156

Features

General

Sewer Public Sewer

Zoning RES

HOA Fee 339.94

Electric APS

View City Lights Mountain(s)

Township 3N

Unit Number 5

Tax Year 2024

Assoc Fee Paid Per Quarterly

County Maricopa

Property Type Land

HOA Y

Subdivision Name PRESERVE AT SHADOW MOUNTAIN

Possible Use Single Family

Special Listing Conditions N/A

Status Active

High School Paradise Valley High School

City Phoenix

Disclosures None

Association Name Presereve at SM

High School District Paradise Valley Unified District

Lot Size Units Acres

Lot Size Square Feet 48435.0

Carport Y/N N

Elementary School Larkspur Elementary School

Tax Annual Amount 1652.0

Middle/Junior High School Shea Middle School

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Elementary School District Paradise Valley Unified District

TaxOtherAnnualAssessmentAmount 0.0

Tax Lot 5

New Financing: Conventional True

Senior Community N

Exterior

Vegetation Low Desert

Fencing None

Lot Features Cul-De-Sac Gated Community North/South Exp Border Common Area Borders Pres/Pub Lnd

Water Source City Franchise

Lot Size Area 1.11

Spa N

Lot Dimensions 0

Lot Size Acres 1.11

Road Surface Type Asphalt

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Baths 0

Internal Only

Street Number 1 2703

* Excluded Features

List By

West Usa Realty

Broker

mayrainvest1228@gmail.com

Affordability Calculator

$8,866

Per Month

Monthly Principal & Interest: $8,728
Monthly Property Taxes: $138
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Phoenix, AZ

Average List Price ^$897,600

Percent of Sale Price 36%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327732 Elementary School

4327817 Middle School

Paradise Valley High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/12/2025	$1,399,000	-0.43%	Price Down
12/4/2025	$1,405,000	-1.06%	Price Down
11/21/2025	$1,420,000	-1.73%	Price Down
11/7/2025	$1,445,000	-0.34%	Price Down
10/31/2025	$1,450,000	-3.33%	Price Down
10/4/2025	$1,500,000		Listed Price

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2703 E FRIESS Drive # 5, Phoenix, AZ, 85032 is a Lots and Land for sale at $1,399,000 with a lot size of 1.11. 2703 E FRIESS Drive # 5 is a studio with 0.0 baths. The property's zip code is 85032 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/17/2025.

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2703 E FRIESS Drive # 5

Lots and Land for sale in Phoenix, AZ

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