$950,000
256 South Avenida Del Palo Fiero, Tucson, Arizona 85745, United States
Energy-efficient, walkable Mercado District residence near downtown Tucson
2
Beds
2
Baths
1,972
Sq Ft
2025
Built
0.06 acres
Lot
1-car attached
Garage
This Spanish-inspired home stands out on a corner lot in the Mercado District with its private courtyard and traditional stucco lines softened by contemporary finishes. Built in 2025, the house offers 1,972 square feet across two stories, where high ceilings and a considered material palette—bamboo and ceramic tile floors—create a warm yet modern backdrop for everyday living.
Enter through the intimate courtyard, an ideal spot for evening gatherings or quiet morning coffee, and move into an open main level designed for comfortable living. The plan emphasizes scale: tall ceilings, efficient mechanicals, and an owner-focused list of systems including owned solar panels and a tankless water heater to reduce ongoing energy costs. The home’s construction—concrete block with masonry stucco—lends a sense of permanence and aligns with the neighborhood’s architectural character.
Two well-proportioned bedrooms and two full baths are arranged for flexible use—primary suite privacy on one floor and guest or office space on the other, depending on your lifestyle. Finishes are restrained and durable: ceramic tile in wet areas, bamboo flooring in living spaces, and a contemporary palette that complements the home’s Spanish profile. Mechanical comforts include a heat pump and central air to keep interiors comfortable year-round.
Storage and parking are practical: a one-car attached garage with tall ceilings provides room for shelving and overhead storage, and the level lot has street frontage on Avenida Del Palo Fiero for easy access. Despite the compact lot size, the property’s corner position and courtyard expand the feeling of outdoor living without requiring extensive maintenance.
Location is a key draw. Walk to Mercado San Agustin and the MSA Annex for eclectic dining and shopping, or head to Sentinel Peak Park (A Mountain) for quick hikes and skyline views. Downtown Tucson and the University of Arizona are minutes away, making this a smart choice for anyone who wants urban convenience combined with modern, energy-conscious construction. For buyers seeking a recently built, low-maintenance home with efficient systems and a prime Mercado District address, this property delivers a rare combination of design, location, and future-focused features.
Mercado District of Menlo Park blends historic Tucson character with a contemporary, walkable urban lifestyle. Streets here are a mix of residential and small commercial nodes; local favorites at Mercado San Agustin and the MSA Annex offer diverse dining and boutique shopping. Residents benefit from quick routes to downtown Tucson, a short drive to the University of Arizona, and nearby outdoor access at Sentinel Peak. The neighborhood’s ongoing development has increased amenities while maintaining a strong sense of community and pedestrian accessibility.
The Mercado District continues to attract buyer interest, creating a market that favors sellers but still rewards well-priced, turn-key product. Local data shows the 85745 zip code with a median list price near $440,000 and an average days-on-market of about 71 days as of mid-2025; however, newer construction and well-located homes in the Mercado District trade at a significant premium. Recent nearby sales on the same block show prices from approximately $820,000 to $1,150,000, implying a localized price-per-square-foot near $430–$485 and supporting an estimated value for this property around $950,000.
Inventory in the area is tight—about 2.5 months of supply—so buyers encounter limited choices and motivated sellers in many segments. For single-family new construction like this home, demand is strong because product is rare in such a walkable stretch near Mercado San Agustin, Sentinel Peak, and downtown. Average time on market for comparable, move-in ready homes here tends to be shorter than broader ZIP-code averages. That makes now an attractive window for sellers seeking premium pricing, and for buyers prepared to move quickly on well-sited, energy-efficient homes that will likely hold appreciation potential given the neighborhood’s five-year growth trends.
Maxwell K-8 School
Elementary/Middle
Cholla High Magnet School
High
Very good outdoor recreation access with Sentinel Peak Park (A Mountain) less than a mile away, easy downtown walking routes, and nearby neighborhood green spaces for daily walks and weekend outings.
256 S Avenida Del Palo Fiero is a newly constructed 2-bedroom, 2-bathroom Spanish-style home completed in Spring 2025, offering 1,972 square feet of living space on a 2,614 square foot lot in Tucson's Mercado District of Menlo Park. The residence combines traditional Spanish architecture with modern, energy-efficient features, including owned solar panels and a tankless water heater. The interior boasts high ceilings, bamboo and ceramic tile flooring, and a courtyard ideal for outdoor entertaining. The 1-car attached garage features tall ceilings, providing ample storage space. (realtor.com)
From a valuation perspective, comparable sales in the Mercado District suggest a current fair market value between $900,000 and $1,000,000, with a midpoint estimate of $950,000 ($482 per square foot). The property was purchased as land in December 2022 for $225,000, and the current assessed value is $5,644, reflecting the land value prior to construction. (realtor.com)
The Mercado District of Menlo Park is a vibrant, walkable neighborhood known for its unique blend of residential and commercial spaces. Residents enjoy proximity to Mercado San Agustin and MSA Annex, offering diverse dining and shopping options. The area provides easy access to downtown Tucson and the University of Arizona, as well as outdoor recreation at Sentinel Peak Park ('A' Mountain). (realtor.com)
Overall, this property represents a unique opportunity to own a modern, energy-efficient home in one of Tucson's most desirable neighborhoods. The combination of traditional architecture, contemporary amenities, and prime location makes it an attractive option for discerning buyers seeking both comfort and convenience.
Newly constructed, energy-efficient Spanish-style home in a prime location with strong appreciation potential.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$900K
Midpoint
$950K
High
$1000K
$482/SF estimated price per square foot
Sales comparison approach using recent sales of similar new constructions in the Mercado District. Adjusted for size, condition, and unique features. Income approach not applicable due to owner-occupied status.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
The Mercado District has seen significant development and appreciation in property values over the past five years. Walkability Rating estimate: 75/100.
Walking distance to Mercado San Agustin and MSA Annex offering dining and shopping. Close proximity to downtown Tucson and the University of Arizona. Nearby access to Sentinel Peak Park for outdoor activities.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$114/SF
Purchase of land prior to construction
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