Chateaux on Central

6 W. Palm Lane, Phoenix, AZ, 85003

Chateaux on Central is a 21 unit, gated, brownstone style, luxury single family home community reminiscent of high end areas in Boston, or Chicago, or New York. Chateaux are all brick and masonry with turn of the 20th Century style. Each is four stories tall with a basement and 2 private underground parking spaces. Each brownstone comes with its own private elevator, dining terrace, roof top terrace, and optional fireplace, private pool, spa, BBQ and more.

Sizes range from 5,100 to over 8,200 livable square feet. There are six floor plans that can be customized to provide the ultimate urban lifestyle experience. Finishes include Viking appliances, Woodmode-Brookhaven cabinets, granite counter tops, high ceilings, crown moulding, formal dining rooms, 8' doors with transom windows and more. The are also an easy walk to a light rail stop and the Phoenix Art Museum.

Unfortunately this is one of the now infamous Mortgages Ltd properties (you might remember that Mortgages Ltd was one of the largest lenders in town until the boom busted, the President of the company committed suicide and the company filed bankruptcy). Because of all these problems (not to mention that the community was way over priced and solely a product of irrational boom exuberance) it now sits dormant and waiting.... Prices began at $2,150,000 but you can bet deals can be had.

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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Comments

Owner of We Know Urban Realty

Peter - Chateaux on Central should be coming back onto the market in the not too distant future. Are you looking to buy or simply a fan of great architecture?

#15 - Will Daly - 07/12/2010 - 20:55

These residences are way under priced at 1.2-2mil. I have been in them and they are unbelievable!!!

#14 - Peter Batten - 07/10/2010 - 05:34

Please send me floorplans

#13 - Luciania - 06/11/2010 - 11:14

Owner of WeKnowUrban

In case you haven't heard, MSI Investments purchased Chateaux on Central for $7M or about $330,000 per unit. The origingal construction loan was $65M so the purchase price equalled less than 11 cents on each original dollar ($7M/65 = .1076). Remember asking prices STARTED at $1.8M each. One would expect to see significantly lower asking prices once the new owner puts them on the market.

#12 - Will Daly - 04/12/2010 - 10:25

Owner of WeKnowUrban

Ryan - You should contact Michael Fitzpatrick at 480 510-8755 ext 1. He should have current info. W

#11 - Will Daly - 02/26/2010 - 15:27

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