Newer Built Homes. 11 individual homes sold in bulk built in 2025. Nice community with 2 pocket parks. All homes have 2 car garages. Located near the new light rail line extension on Central Ave. All 11 homes are leased. Self-managed by the owner. Owner maintains the common areas and provides quarterly exterior pest control. Buyer to verify all information.
South Mountain, located between Downtown Phoenix and the Gila River Indian Community, is a desert-edge and mountain-framed Phoenix neighborhood with a vast trail network and wide-open Sonoran views. The neighborhood’s energy concentrates at Central Ave and Baseline Rd, where taquerias, panaderías, mercados, and small storefronts set a busy, everyday rhythm. South Mountain Park and Preserve defines the landscape with ridgelines, trailheads, and lookout drives that shape weekend routines. The Mystery Castle adds a handmade, offbeat landmark tucked into the foothills. Housing ranges from mid-century ranch homes to newer foothill builds, often oriented toward patios and mountain light. Local golf and community parks add structured green space against the desert backdrop.
Provided by Walk Score and Local Logic
Market insights
137 W Latona Rd · $4,895,000
DAYS ON MARKET
270 days
The average home goes pending in 103 days.
SALE-TO-LIST
95.6%
Most homes are selling 4% below list price.
LIST PRICE
$4,895,000
Median list price in this area is $610,125. (88% lower than this home)
PRICE DROP
1 price drop
21% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Interior features
Disposal
Dishwasher
Refrigerator
Free-standing electric oven
Microwave
Other appliances (see remarks)
Lease includes washer/dryer
Bedrooms
Some units with 4 bedrooms
Bathrooms
Some units with 2 bathrooms
Kitchen
Dishwasher
Disposal
Refrigerator
Free-standing electric oven
Microwave
Laundry & utility
Washer and dryer included in unit
Flooring
Laminate flooring
Heating & cooling
Electric heating
Electric cooling
Exterior features
Asphalt road access
No community pool
Home design
Fee simple ownership
New construction
Parking
22 total parking spaces
22 covered parking spaces
Construction
Wood frame and stucco construction
Composition and foam roof (see remarks)
11 separate buildings
Utilities
Electric service: SRP
Public sewer
City franchise water
Financial info
Unit example rent: $2,530 (lease ends 7/1/2026)
Some units are unfurnished
Electricity and solar
View estimated energy costs and solar savings for this home
A basic purpose of these regulations is to foster the creation of living areas which can assist the establishment of stable, functional neighborhoods. An established pattern of living in this metropolitan area reflects a tradition of single-family occupied dwellings which also emphasize outdoor living. Many of these dwellings are thereby located on relatively large urban or suburban lots.; These regulations provide standards for dwellings built at low and moderate densities. While the predominant housing type is expected to be single-family dwelling, provisions are made for alternative housing types within the same density limits.
Zone overlays
South Central Transit Oriented Development Community Plan
Permitted uses
Include but are not limited to:
Religious facility
Public service
Educational/school
Local insights from Redfin agents
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