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About This Home

This 1-bedroom, 3-bathroom single family at 5500 N DROMEDARY Road in Phoenix, AZ is listed for $24,000,000 ($5,171 per sqft). Built in 1950, the home offers 4,641 sqft of living space on a 23.66 acres lot.

Agent Description

Iconic Camelback Mountain Estate: A Rare, Once-in-a-Lifetime Buildable Opportunity Perched on the slopes of the iconic Camelback Mountain, this extraordinary 23.66-acre estate represents one of the last and most significant buildable properties on the mountain.

Offering more than 180 degrees of sweeping valley views-with Camelback's dramatic cliffs rising behind-the property is known throughout the community as the celebrated ''Merry Christmas House.'' Cherished by the same family for decades, it now awaits its next remarkable chapter.

The existing 4,661-square-foot residence, originally built in the 1950s, reflects the timeless influence of Frank Lloyd Wright. Organic architecture, expansive glass walls, stone accents, and a seamless blend of indoor and outdoor living create a tranquil private sanctuary that feels both grounded in the landscape and elevated above the city lights.

Beyond its architectural legacy, the property's 23.66 acres offer exceptional potential for future development, including the opportunity to subdivide into up to four parcels. Whether envisioning a family compound, multiple luxury estates, or reimagining the existing residence, the possibilities are unparalleled.

Conceptual floorplan and site plan designs by renowned architect Mark Candelaria are also available to inspire your vision. Privately gated and surrounded by natural desert beauty, this estate combines unmatched privacy, panoramic vistas, and rare development flexibilityall just minutes from the heart of the city. Whether preserved, expanded, or completely transformed, this is a truly once-in-a-lifetime chance to own a piece of Arizona history on one of its most iconic mountain peaks.

Key Features

  • Built in 1950
  • 23.66 acre lot
  • Private pool
  • Fireplace

Property Details

1 story
2 full, 1 half
1950

Amenities

PoolFireplaceA/C

Monthly Cost Estimate

$128,357/mo

20% down · 6.5% · 30 years

Principal$17,357
Interest$104,000
Insurance$7,000

Estimates only. Actual payments may vary.

Location

5500 N DROMEDARY Road

Phoenix, AZ 85018

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Features & Amenities

Interior Features

Walk-in PantryGranite CountersDouble VanityUpstairsEat-in KitchenKitchen IslandPantryFull Bth Master BdrmSeparate Shwr & TubTub with Jets

Property Details

Flooring

CarpetStone

Construction

Painted Stone Block

Heating

Natural Gas

Cooling

Central Air

Appliances

Refrigerator

Questions & Answers

This 1-bedroom, 3-bathroom single family at 5500 N DROMEDARY Road is listed at $24,000,000 ($5,171/sqft). The estimated monthly payment is $104,000 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 23.66 acre lot, Private pool, Fireplace. Interior Features: Walk-in Pantry, Granite Counters, Double Vanity.

This property is listed by Rebecca Hoyt and can be reached at 6027998229 or rebecca@retsy.com.

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RH

Rebecca Hoyt

Agent at RETSY

(602) 799-8229

Listed by RETSY · View on Broker Site

MLS# 6950226· Source: listhub· Updated 140 days ago

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5500 N DROMEDARY Road, Phoenix, AZ 85018

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