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$1,394,000
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Property Description
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!
Full Property Details
Full Property Details for 2703 E Friess Dr #5
General
- Price: $1,394,000
- HOA FEE: $113/month
- HOA FEE FREQ.: Quarterly
- Taxes: $1,652 (2024)
- Status: Active
- Type: Lots/Land
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6929156
- Updated: 1/2/2026
- Added to Site: 105 day(s) ago
Location
- County: Maricopa
- Township: 3N
- Subdivision: PRESERVE AT SHADOW MOUNTAIN
- Cross Streets: 28th St & Thunderbird
Community
- Association: Yes
- Assoc. Name: Presereve at SM
Utilities
- Dist. to Gas: None
- Dist. to Electric: On Property
- Dist. to Sewer: On Property
- Water: City Franchise
- Dist. to Water: On Property
- Dist. to Telecomm: On Property
Lot Features
- Property View: Mountain(s), City Lights
- Mountain views: Yes
- Lot Size (Acres): 1.11
- Lot Size (Sq. Ft.): 48,435
- Frontage: Asphalt
- Lot Features: Cul-De-Sac, Gated Community, North/South Exp, Border Common Area, Borders Pres/Pub Lnd
- Trees/Vegetation: Low Desert
- Zoning: RES
Financial Considerations
- Association Fee: $340
- Assoc Fee Freq.: Quarterly
- Tax Amount: $1,652
- Tax Year: 2024
- Terms: Cash, Owner May Lease Land, Conventional
Disclosures and Reports
- Legal Description: LOT 5 PRESERVE AT SHADOW MOUNTAIN MCR 044831
- Property ID: 214-54-007
- Range: 3E
- Section: 11
- Lot Number: 5
Listed by West USA Realty
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Schools
Schools serving 2703 E Friess Dr #5
School District:Paradise Valley Unified District
| Name | Grades | Distance |
|---|---|---|
Larkspur Elementary School 2450 East Larkspur Drive, Phoenix, AZ 85032 | PK-6 | 0.8 mi |
Shea Middle School 2728 East Shea Boulevard, Phoenix, AZ 85028 | 7-8 | 2.1 mi |
Shadow Mountain High School 2902 East Shea Boulevard, Phoenix, AZ 85028 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2703 E Friess Dr #5
Date
Details
Price
Change
Source
1/02/2026
Price Reduced
$1,394,000
-0.36%
MLS
12/12/2025
Price Reduced
$1,399,000
-0.43%
MLS
12/04/2025
Price Reduced
$1,405,000
-1.06%
MLS
11/21/2025
Price Reduced
$1,420,000
-1.73%
MLS
11/07/2025
Price Reduced
$1,445,000
-0.34%
MLS
10/30/2025
Price Reduced
$1,450,000
-3.33%
MLS
10/04/2025
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2703 E Friess Dr #5
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,696
3%
$71,340
-10%
2024
$1,652
2%
$79,140
-5%
2023
$1,618
1%
$83,055
49%
2022
$1,601
—
$55,920
22%
2022
$1,601
—
$45,900
-24%
2021
$1,606
3%
$60,735
—
2020
$1,556
—
$60,735
20%
2019
$1,558
3%
$50,655
-29%
2018
$1,507
4%
$71,625
17%
2017
$1,445
2%
$61,425
11%
2016
$1,421
1%
$55,125
201%
2015
$1,403
8%
$18,288
77%
2014
$1,300
-15%
$10,352
-13%
2013
$1,526
—
$11,840
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2703 E Friess Dr #5
2703 E Friess Drive #5, Phoenix, AZ 85032 (MLS# 6929156) is a Lots/Land property with a lot size of 1.11 acres. 2703 E Friess Drive #5 is currently listed for $1,394,000 and was received on October 04, 2025. Want to learn more about 2703 E Friess Drive #5? Do you have questions about finding other Lots/Land real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

