5500 N DROMEDARY Road, Phoenix, AZ 85018, Phoenix AZ 85018
The famous MERRY CHRISTMAS house can now be yours! Perched high above the city atop the south slope of Camelback Mountain, the 23.66-acre property has the most exquisite sweeping views of the entire Valley below. This is one of the last remaining buildable lots on the mountain with unlimited possibilities; subdivide into as many as 4 separate parcels, build a family compound, or leave the current property; all are special opportunities. The existing 4,661square-foot residence, originally built in the 1950s, and influenced by world renown Frank Lloyd Wright has an impressive midcentury modern v
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is offered at $5,171 per square foot, compared with a $3 median for active 1-bedroom homes in Phoenix. Its asking price falls near the 99th percentile of that active group. The comparison uses 533 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $4,552,500, and the median is $731 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 4839 E GRANDVIEW Lane 45, Phoenix, AZ 85018 | Jun 17, 2026 | — | $2,150,000 | 0.4 mi |
| 4838 E Palomino Road, Phoenix, AZ 85018 | Jun 25, 2026 | 7 bd · 11,103 sqft | $6,600,000 | 0.4 mi |
| 5275 N Camelhead Road, Phoenix, AZ 85018 | May 11, 2026 | 5 bd · 5,563 sqft | $2,550,000 | 0.5 mi |
| 4716 N DROMEDARY Road, Phoenix, AZ 85018 | May 1, 2026 | 5 bd · 6,857 sqft | $6,535,000 | 0.6 mi |
| 4600 N Rubicon Avenue 2, Phoenix, AZ 85018 | May 21, 2026 | 6 bd · 6,722 sqft | $5,830,000 | 0.6 mi |
| 5316 E Royal View S, Phoenix, AZ 85018 | Aug 15, 2026 | 5 bd · 4,897 sqft | $25,000 | 0.6 mi |
| 4535 N 49TH Place, Phoenix, AZ 85018 | Apr 29, 2026 | 5 bd · 5,787 sqft | $6,275,000 | 0.6 mi |
| 4545 N ROYAL VIEW Drive 8, Phoenix, AZ 85018 | Jun 1, 2026 | — | $3,275,000 | 0.6 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $24,000,000 · Active
Continue comparing
Similar active homes in Phoenix
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Phoenix homes for sale · See the Phoenix market report