4040 E ELM Street, Phoenix, AZ 85018
ACCEPTING BACKUPS
0.73 ACRES

4040 E ELM Street
Phoenix, AZ 85018

Camelback East
  • 3 Beds
  • 3.5 Baths
  • 3,874 sqft (on 0.73 acres)

$2,395,000

Est. Mortgage $13,066/mo*
Get Pre-Qualified

$2,395,000

Est. Mortgage $13,066/mo*
Get Pre-Qualified
3 Beds
3.5 Baths
3,874 sqft
(on 0.73 acres)

Local Information

  • Map ViewExplore the area around 4040 E ELM Street.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

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

Home Highlights

Parking
Garage
Outdoor
Patio
A/C
Heating & Cooling
HOA
None
Price/Sqft
$618
Listed
49 days ago

Home Details for 4040 E ELM Street

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 3874 Square Feet
Appliances & Utilities
Utilities: Phone ConnectedAppliances: Refrigerator, Gas RangeRefrigerator
Heating & Cooling
Heating: Heat PumpHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Heat Pump
Fireplace & Spa
Number of Fireplaces: 3Fireplace: Wood Burning, Family Room, Living Room, Master BedroomSpa: NoneHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Other, Carpet, Wood
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Floors: Other, Carpet, Wood

Exterior Features

Exterior Home Features
Roof: TilePatio / Porch: Covered, PatioFencing: Perimeter, Back Yard, Block, Chain Link, WoodExterior: Private Yard, StorageFoundation: Slab, Raised
Parking & Garage
Number of Carport Spaces: 2Number of Covered Spaces: 2Has a CarportHas a GarageParking Spaces: 2Parking: Off Street,Detached Garage,Detached Carport,Gated,Circular Driveway,Storage
Frontage
Responsible for Road Maintenance: City Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 25Days on Market: 49

Property Information

Year Built
Year Built: 1915
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Bungalow,See Remarks,Spanish
Building
Construction Materials: Stucco, Adobe, Block, BrickNot Attached Property
Property Information
Parcel Number: 17117027C

Price & Status

Price
List Price: $2,395,000Price Per Sqft: $618
Status Change & Dates
Possession Timing: By Agreement

Active Status

MLS Status: UCB (Under Contract-Backups)

Location

Direction & Address
City: PhoenixCommunity: HACIENDA GRANADA 2
School Information
Elementary School: Hopi Elementary SchoolElementary School District: Scottsdale Unified DistrictJr High / Middle School: Ingleside Middle SchoolHigh School: Arcadia High SchoolHigh School District: Scottsdale Unified District

Agent Information

Listing Agent
Listing ID: 7023566

Building

Building Area
Building Area: 3874 Square Feet

Community

Community Features: Gated, Historic District, Biking/Walking Path

HOA

HOA Fee Includes: No FeesNo HOA

Lot Information

Lot Area: 0.73 acres

Offer

Listing Terms: Cash

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 7023566Zillow Contingency Status: Accepting Back-up Offers

Additional Information

GatedHistoric DistrictBiking/Walking Path
Last check for updates: about 20 hours ago
Listing courtesy of Heather MacLean, (602) 214-5169
Compass
David Newcombe, (602) 510-0111
Compass
Source: ARMLS, MLS#7023566
Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Market trends in Camelback East

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$607K
$6.17KMoM
Sale-to-List Price
97.2%
0.1%MoM
Price per sq ft
$376
$6MoM
Available listings
907
45MoM

Price History for 4040 E ELM Street

DatePriceEventSource
05/07/2026$2,395,000Listed For SaleARMLS #7023566
03/01/1996$470,400Sold
N/A

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Property Tax and Assessment

Year2025
Tax$7,029
Assessment$1,419,400
Home facts updated by county records

Comparable Sales for 4040 E ELM Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5112 N 41ST Street, Phoenix, AZ
0.27
Single-Family Home
$2,450,000
07/03/25
4
4
4,307
4710 N 41ST Place, Phoenix, AZ
0.09
Single-Family Home
$3,377,000
11/19/25
5
5
5,120
4117 E COOLIDGE Street, Phoenix, AZ
0.19
Single-Family Home
$1,440,000
07/09/25
3
3
2,253
4101 E MEDLOCK Drive, Phoenix, AZ
0.22
Single-Family Home
$2,050,000
02/17/26
4
3
2,986
4010 E COOLIDGE Street, Phoenix, AZ
0.17
Single-Family Home
$1,620,000
10/01/25
3
3
2,339
4101 E COOLIDGE Street, Phoenix, AZ
0.18
Single-Family Home
$1,350,000
02/20/26
3
3
1,900
3817 E HIGHLAND Avenue, Phoenix, AZ
0.36
Single-Family Home
$2,300,000
09/04/25
3
3.5
3,414
4021 E HAZELWOOD Street, Phoenix, AZ
0.29
Single-Family Home
$3,100,000
05/29/26
4
4.5
3,899

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 4040 E ELM Street.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Camelback East
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Camelback East

At least 1117 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 82 % Say car is needed

  • 77 % Say there are sidewalks

  • 75 % Say parking is easy

  • 73 % Say it's walkable to restaurants

  • 70 % Say there's holiday spirit

  • 65 % Say yards are well-kept

  • 62 % Say it's quiet

  • 62 % Say it's walkable to grocery stores

  • 60 % Say people would walk alone at night

  • 57 % Say streets are well-lit

  • 56 % Say they plan to stay for at least 5 years

  • 54 % Say kids play outside

  • 47 % Say neighbors are friendly

  • 31 % Say there's wildlife

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Delmer Contreras
    "Madison school district is one of the best in AZ. We have everything from clothing, food, parks, big dog parks, bars, restaurants, car dealerships, and coffee shops. What else can we ask for? I been here for 12yrs and counting "
    0
    Flag
  • David S Shook
    "Farmers market, walking trails, great hotels, and nice people. This is our tenth year staying in the Biltmore area. "
    0
    Flag
  • ari rubinov
    "Kept a tight circle and the best was is to keep communicating and everything will be surface so ea king safer area"
    1
    Flag
  • Abby V.
    "People are always out walking their dogs. We live right by the canal where there’s a path you can walk with your pooch, and possibly meet another dog!!"
    3
    Flag
  • Laylag341
    "Not lots of greenery. Specific patches of grass for doggy usage. One dog park in a couple mile radius "
    0
    Flag
  • Mluck08
    "I’ve lived in this neighborhood for 3 years and I love it . It’s a nice beautiful area surrounded by the desert landscape"
    3
    Flag
  • Richardlusania798
    "Phoenix has its pockets of good and bad. If you like a slower pace of life than Phoenix is not for you. If you like entertainment the city has plenty to do but prepared for long lines."
    3
    Flag
  • Onesportfan
    "I have stayed here for a week and but my uncles have lived here for a year and they love this place "
    6
    Flag
  • Cameron
    "Close to great schools, quality dining and shopping, easy access to freeways. Neighborhood is active and friendly. "
    1
    Flag
  • Carl Thompson
    "Great place to live and raise children. Scottsdale school district is great. Close to the action without being in the action. 10 minutes from Old Towne Scottsdale and all it’s glory"
    1
    Flag
  • Vincent Aviles
    "There are none that I am aware of. My wife and I moved here four years ago and we have yet to see any type of neighborhood activities or get togethers. It would be nice if block parties existed out here. "
    5
    Flag
  • Dayna Donovan
    "It’s pretty dog friendly and the canal is close. While there are a lot of folks who walk their dogs it manages to be quiet and respectful on most walks."
    4
    Flag
  • Bruce Wayne
    "We have neighborhood potlucks , we have wonder bicycling in our area and property’s are well maintained. Lots of walkers and pet walkers, and feel safe in our neighborhood "
    2
    Flag
  • Trulia User
    "There can be a high rate of crime in the area with a large homeless population, and the city doesn't maintain parks and public places. It's home to me as I grew up here and love it, but there are definitely downsides."
    2
    Flag
  • Prancer
    "Great place to raise kids. lots of hills for skating and not much worry about creepers. The mountain is not far away and thats a great hike with an amazing view."
    1
    Flag
  • Trulia User
    "From what I have experienced over the last 18 months of living in this neighborhood, it is a very quiet and safe area for everyone, from singles to those with families. "
    1
    Flag
  • Trulia User
    "I always see a lot of dogs being walked around the area and for the most part people pick up after their dogs as well "
    1
    Flag
  • Trulia User
    "There are a few hiking spots close by, there is a nice running trail that runs alongside the canal and Camelback Rd. Southwest Human Development makes its home here supporting early childhood for much of Maricopa County. There’s no shortage of businesses around here. This area borders the more well to do Arcadia and Biltmore neighborhoods as well as the more decidedly homeless and drugee scene that runs South of Thomas Rd. It’s a typical Phoenix neighborhood otherwise."
    14
    Flag
  • Trulia User
    "Solid character and there’s a vibe of friendliness to whole area. I enjoy living here and when I move I hope to stay in the same area as well."
    11
    Flag
  • Trulia User
    "I love the convenience of everything here. There is a variety of shops and dining options. I never have to go more than 2 miles to find what I need. "
    4
    Flag
  • Trulia User
    "It's a great place for the whimsical. There is just about everything within walking distance. That you could possibly think the neighbors. Are very friendly. "
    1
    Flag
  • Trulia User
    "Always fun dog action and a family atmosphere! We love you asking all over the area. Looking for a house in the area for our dog and there’s plenty to offer in this area. "
    0
    Flag
  • Trulia User
    "Anchored by several schools, they neighborhood is evolving into young families and a sense of shared community. "
    1
    Flag
  • Trulia User
    "We have bus route on 12th st and on E camelback rd. I drive to my job. The 51 highway is also near.."
    0
    Flag
  • Trulia User
    "I enjoy living in this neighborhood I’m close to everything and there’s a lot of great restaurants around "
    3
    Flag
  • Trulia User
    "everything is going well for me and my family mmvcv thank you I will stay around here the schools are very good around here "
    0
    Flag
  • Trulia User
    "traffic is heavy here at certain times of the day. 2pm to 6pm very busy. try not to go anywhere unless you have to. use glenrosa to 24th St to get on Indian school road. also take the same way back. alot easier that way."
    0
    Flag
  • Trulia User
    "I've lived in this neighborhood and refuse to leave the zip code! It has convenience and style and meets my needs "
    4
    Flag
  • Trulia User
    "My neighborhood is close to good shopping. close to Camelback . good mall shopping. easy to get to. and restaurants. "
    1
    Flag
  • Trulia User
    "Dogs are everywhere and most people are good dog owners. Every once in a while, someone will have their dog off leash that is not well-trained enough. But it’s rare. Also, at times there are coyotes about. Most of the time they run. Away from people, but I imagine owners with small dogs might feel a bit nervous to see one. "
    0
    Flag
  • Trulia User
    "The townhomes I live in have a dog run/park at the end of the street. Also, they have pet waste bag and bin stations throughout the complex for their convenience. "
    0
    Flag
  • Trulia User
    "My Neighborhood has a great location spot for transit there on time never thought I catch a late bus ..."
    0
    Flag
  • Trulia User
    "Easy and short. It only takes 10 minutes to get to work and I only have minimal traffic. I drive most days and ride my bike on a few."
    0
    Flag
  • Trulia User
    "Everything is close by. Airport is easy to get to, popular restaurants are close and lots of variety. Lots,of ways to get around, freeway as well as cross town."
    0
    Flag
  • Trulia User
    "there's nothing really special here, it's safe low crime but otherwise it's just the neighborhood. I made friends with two other neighbors but that's been about the extend of the friendliness of the neighborhood."
    0
    Flag
  • Trulia User
    "I don't know of any. I like the area because of the shopping. if people would clean up behind themselves and it might be a better area."
    0
    Flag
  • Trulia User
    "Been here 4 years and I absolutely love it here! Neighborhoods are nice and well-maintained. I love to go for walks at night it’s totally safe I’ve never had an issue."
    0
    Flag
  • Elsie R.
    "Work from home, used to drive to old town Scottsdale, commute wasn’t horrible about 25 minutes on Indian school."
    6
    Flag
  • Shane J.
    "there’s a lot of animals like chickens in the neighborhood so depending on how your animal reacts to them it can be a good or bad thing "
    2
    Flag
  • Psanders0331
    "We have a great neighborhood anyone who would move here would be very grateful for their neighbors. We all look at each for each other"
    3
    Flag

LGBTQ Local Legal Protections

Heather MacLean, Compass
Agent Phone: (602) 214-5169
4040 E ELM Street, Phoenix, AZ 85018 is a 3 bedroom, 4 bathroom, 3,874 sqft single-family home built in 1915. 4040 E ELM Street is located in Camelback East, Phoenix. This property is currently available for sale and was listed by ARMLS on May 5, 2026. The MLS # for this home is MLS# 7023566.