Chateaux on Central
6 W. Palm Lane, Phoenix, AZ, 85003
Chateaux on Central is a 21 unit, gated, brownstone style, luxury attached single family home community reminiscent of high end areas in Boston, or Chicago, or New York. It was purchased out of the Mortgages Ltd foreclosure (you might remember that Mortgages Ltd was one of the largest lenders in town until the boom busted) by MSI West Investment LLC. Chateaux are all brick and masonry with turn of the 20th Century style. Each is five stories tall with 2 private, attached, surface level parking spaces. Each brownstone comes with its own private hydraulic elevator. Some models include a private dining terrace, roof top terrace, fireplace, BBQ and more.
Six of the floor plans range from 5,192 to 5,757 square feet and one has 8,252 square feet. All floor plans are zoned residential with mixed use on two levels. Some of the brownstones are completely move-in ready while others are at the drywall stage thereby offering the opportunity for customization. Prices range from $1.1 to 1.5M with the largest unit running $2.46 million. They are also an easy walk to a light rail stop and the Phoenix Art Museum, Heard Museum, Phoenix Library and more.
Prices originally started at $1.8M before MSI Investment purchased them and we are happy to see the drop and the renewed activity at the community.
The agents of WKU recently toured the property. Give us a call to get our opinion/feedback on the property or to arrange a tour. We'll give you the straight scoop and represent you best interests.
If you would like to learn more, see floor plans or a site map, or tour the site, give us a call or shoot us an e-mail and we’ll take care of you.
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I work for the ad company that used to do pr for mortgages ltd, so i knew a little bit of what was going on then. but now it seems all info has stopped!
I heard that the starting price is significantly less...like 1.2M instead of the $2.15M, but $235/sqft still seems high though