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.
New Spanish-Style 2BR Home with Courtyard and Solar
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.
See the properties helping shape the valuation.
Comparable sales
- 87 SF smaller
- 0.5 additional bathrooms
- 828 SF smaller lot
- 6 years older
- 707 SF larger
- 1 additional bedroom
- 1 additional bathroom
- 436 SF smaller lot
- 5 years older
A 2025 spanish on 0.06 acres.
Building
Site & utilities
Mercado District of Menlo Park
Researched nearby locations
Location
256 S Avenida Del Palo Fiero, Tucson, AZ 85745
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.
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.
A factual market snapshot around 256 S Avenida Del Palo Fiero.
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.
Planned Area Development
Zoning
Research-indicated uses
- Residential
- Mixed Use
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
What the research supports — and what is still worth verifying.
Key findings
- Purchased as land in December 2022 for $225,000
- Current assessed land value is $5,644
- Comparable sales in the area suggest a market value between $900,000 and $1,000,000
- Located in the Mercado District of Menlo Park, known for its unique blend of residential and commercial spaces
- Proximity to Mercado San Agustin, MSA Annex, downtown Tucson, and the University of Arizona
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify construction permits and final inspections
- Review HOA covenants and restrictions
- Professional home inspection
- Confirm utility connections and services
What stands out about this property.
Interior Features
- High ceilings
- Bamboo flooring in living areas
- Ceramic tile in baths and entries
- 2 bedrooms, 2 full bathrooms
- Energy-efficient systems (heat pump, central air)
- Tankless water heater
- Concrete block construction with masonry stucco
Exterior & Lot
- Corner lot with frontage on Avenida Del Palo Fiero
- Private courtyard for outdoor entertaining
- Lot size: 2,614 sq ft (approx. 0.06 acre)
- 1-car attached garage with tall ceilings for extra storage
- Level topography, low-maintenance exterior finishes
Location & Neighborhood
- Walking distance to Mercado San Agustin (0.2 mi)
- Close to MSA Annex (0.3 mi)
- Downtown Tucson approximately 1.5 miles
- University of Arizona approximately 2 miles
- Sentinel Peak Park (A Mountain) about 0.5 mile
Walkability & Recreation
- Walkability Rating: 75/100 — Some errands on foot
- Mercado San Agustin and MSA Annex dining and shopping within a few blocks
- Sentinel Peak Park for hiking and skyline views (0.5 mi)
- Easy access to downtown entertainment and University of Arizona
- Neighborhood streets suited for walking and short errands
Sources & research confidence.
See where the property research came from and how confidence varies by field.