For SaleSingle Family Home

$950,000

New Spanish-Style 2BR Home with Courtyard and Solar

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

New construction completed 2025Owned solar panelsTankless water heaterBamboo and ceramic tile flooringPrivate courtyard1-car garage with tall ceilingsCorner lot in Mercado District

About This Home

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.

Property Features

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

Neighborhood

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.

Market Insights

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.

Nearby Schools

Maxwell K-8 School

Elementary/Middle

Varies — verify

Cholla High Magnet School

High

Varies — verify

Walkability & Recreation

75
Walkability
78
Recreation

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.

Property Overview

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.

Investment Highlights

  • New construction completed in Spring 2025 with modern, energy-efficient features
  • Located in the vibrant Mercado District with walkable access to dining and shopping
  • Proximity to downtown Tucson and the University of Arizona
  • High ceilings and quality finishes including bamboo and ceramic tile flooring
  • Owned solar panels and tankless water heater for reduced energy costs

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

Things to Consider

  • Limited lot size of 2,614 square feet may restrict outdoor space
  • As a new construction, long-term maintenance costs are unknown
  • Market trends indicate a median sale price of $440,000 in the 85745 zip code, which is below the property's estimated value

Opportunity Analysis

Newly constructed, energy-efficient Spanish-style home in a prime location with strong appreciation potential.

Potential Use Scenarios

  • Ideal for buyers seeking a modern home with traditional aesthetics in a walkable neighborhood
  • Potential for long-term appreciation given the area's development and desirability
  • Energy-efficient features may result in lower utility costs and appeal to environmentally conscious buyers

Risk Factors

  • Higher price point compared to median sale prices in the area
  • Limited lot size may not appeal to buyers seeking larger outdoor spaces
  • As a new construction, potential for unforeseen maintenance issues

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$900K

Midpoint

$950K

High

$1000K

$482/SF estimated price per square foot

85% confidence

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.

Market & Area Data

Market Trends

Area Median Price$440,000
Avg Days on Market71 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$55,000

The Mercado District has seen significant development and appreciation in property values over the past five years. Walkability Rating estimate: 75/100.

Nearby Points of Interest

  • Mercado San Agustin (0.2 mi)
  • MSA Annex (0.3 mi)
  • Downtown Tucson (1.5 mi)
  • University of Arizona (2 mi)
  • Sentinel Peak Park ('A' Mountain) (0.5 mi)

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.

School District

DistrictTucson Unified School District
ElementaryMaxwell K-8 School (TUSD)
MiddleMaxwell K-8 School (TUSD)
HighCholla High Magnet School (TUSD)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2025
Constructionconcrete block with masonry stucco
Stories2
Roofrolled
Heatingheat pump
Coolingcentral air
Basementnone
FireplaceNo
Conditionnew

Lot & Site

Lot Size0.06 acres (2,614 SF)
Topographylevel
Parkingattached_garage
Parking Spaces1
FrontageFrontage on Avenida Del Palo Fiero

Utilities

Waterpublic
Sewerconnected
ElectricTucson Electric Power
Gasnone

Zoning & Land Use

Zoning CodePAD-10
DescriptionPlanned Area Development
JurisdictionCity of Tucson

Allowed Uses

residentialmixed use
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$5,644
Land$5,644
Improvements$0
Annual Tax (2025)$747

Sale History

2022-12-09$225,000

$114/SF

Purchase of land prior to construction

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