$525,000
1346 East Palm Lane, Phoenix, Arizona 85006, United States
Updated historic home with copper epoxy floors, new roof & ADU potential
3
Beds
2
Baths
1,275
Sq Ft
1945
Built
0.17 acres
Lot
1-car attached
Garage
This Art Moderne residence at 1346 East Palm Lane stands out immediately for its corner-lot presence and surprising sequence of thoughtful updates. The home’s 1,275 square feet have been refurbished with character-forward choices: copper epoxy cement floors run through the main living areas, the kitchen was modernized with quartz countertops, and major systems were replaced in 2025 with a new built-up roof and a modern HVAC system—reducing near-term maintenance concerns while preserving the home’s historic lines.
Inside, rooms feel distinct without being compartmentalized — a measured layout that suits both everyday living and entertaining. The kitchen’s clean surfaces and updated finishes anchor the home, while two full bathrooms serve three bedrooms comfortably. The one-story plan and level lot make indoor-outdoor access easy; the property’s frontage faces both East Palm Lane and 14th Street, giving it a pronounced street presence and flexible yard space for gardening, play, or an outdoor entertaining area.
Beyond the house itself, this corner parcel—zoned R-6—offers upside for buyers who want options: the lot size and zoning present potential for an accessory dwelling unit (ADU) subject to historic overlay regulations and permitting. For investors, the neighborhood’s rental demand and a local rent estimate near $2,200/month make this a compelling acquisition. For owner-occupants, the Coronado Historic District lifestyle is a defining benefit: short walks to Coronado Park, nearby museums, community events, and a lively mix of cafés and neighborhood shops.
Buyers should note a few due-diligence items identified in research: confirm any historic-district overlay restrictions before planning exterior changes, verify permits for past renovations, and complete a professional home inspection and roof assessment. With recent comparable sales in the immediate block and a listing price aligned to neighborhood trends, this Art Moderne home delivers historic character, recent system upgrades, and practical future potential in one of Phoenix’s most walkable, culturally active districts.
Coronado Historic District blends residential charm with cultural energy. Tree-lined streets, periodic community events, and mural art contribute to a neighborhood with strong local identity. Residents enjoy easy access to Coronado Park, a community pool and tennis courts, and a short trip to the Phoenix Art Museum and Heard Museum. The area’s walkability, independent restaurants, and proximity to downtown make it appealing to creatives, professionals, and small-family households seeking an urban-but-neighborhood feel.
Coronado Historic District is currently favoring sellers. Inventory sits around 2.5 months and homes average roughly 30 days on market, conditions that regularly prompt multiple-offer scenarios. Median sale price for the area is near $500,000; one-year appreciation is modest at about 5%, while five-year gains have been stronger (approximately 25%), reflecting steady buyer appetite for historic stock near downtown. Recent nearby comps include sales at $500,000 and $489,000 on the same block; the property at 1346 E Palm Lane listed at $525,000 in early 2026, aligning with the upper end of current comparables and the local price-per-square-foot trends.
Single-family homes in Coronado perform well due to high walkability, proximity to museums and downtown employment centers, and limited inventory. For buyers, this environment means competition—act decisively, bring pre-approval, and be prepared for shorter negotiation timelines. For sellers and investors, the market supports listings that combine authentic historic character with tangible upgrades (new roof/HVAC, modern kitchen) and demonstrable rental potential—the local rental estimate of about $2,200/month supports cash-flow strategies or owner-occupier offset scenarios. Ultimately, disciplined buyers can still find value by focusing on condition, permitted improvements, and zoning opportunities like ADUs.
Whittier Elementary School
Elementary
Phoenix Prep Academy
Middle
North High School
High
Excellent neighborhood recreation with Coronado Park 0.3 miles away, easy access to Phoenix Art Museum (1.2 miles) and Heard Museum (1.5 miles), community pool and tennis courts, plus short trips to downtown cultural amenities.
1346 East Palm Lane is a 3-bedroom, 2-bathroom Art Moderne-style home built in 1945, offering 1,275 SF of living space on a 0.17-acre corner lot in Phoenix's vibrant Coronado Historic District. The property seamlessly blends historic charm with modern updates, featuring copper epoxy cement floors, an updated kitchen with quartz countertops, and a new roof and HVAC system installed in 2025.
From a valuation perspective, comparable sales in the Coronado Historic District suggest a current fair market value of $500,000–$550,000, with a midpoint estimate of $525,000 ($412/SF). The property was recently listed at $525,000 in January 2026, indicating alignment with market expectations. The current assessed value of $16,585 appears below market, which is common in rapidly appreciating neighborhoods.
The Coronado Historic District is known for its eclectic culture, walkability, and strong sense of community. Residents enjoy access to neighborhood parks, a community swimming pool, and tennis courts, as well as local restaurants, coffee shops, bars, and boutique stores. The area is also home to cultural highlights such as the Oak Street Mural Project and various community events.
Overall, this property represents a solid value in a desirable location with recent updates that reduce near-term maintenance risk. The corner lot and R-6 zoning provide additional flexibility for buyers interested in potential accessory dwelling unit (ADU) development. Key due diligence items include verifying the roof age and condition, confirming any historic overlay restrictions, and reviewing school zone assignments.
Well-maintained historic home in a desirable neighborhood with recent renovations and potential for additional development. Strong community appeal and proximity to downtown amenities suggest continued appreciation.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$500K
Midpoint
$525K
High
$550K
$412/SF estimated price per square foot
Sales comparison approach using recent sales in Coronado Historic District; adjusted for property size, condition, and recent renovations.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
The Coronado Historic District has seen steady appreciation due to its historic charm and proximity to downtown Phoenix. Walkability Rating estimate: 75/100.
Located in the Coronado Historic District, known for its eclectic culture, walkability, and strong sense of community. Close to parks, museums, and downtown amenities.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$412/SF
Recent sale; potential for investment or business use
$211/SF
Significant appreciation over 10 years
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