The Sheaborhood · Investment Property
Investment Property in the Sheaborhood
Evaluating a rental or investment purchase on the numbers, before emotion enters the decision.
Investment property in the Sheaborhood
Investors look at the Sheaborhood for its central location and established neighborhoods. At a 2026 median sale price of $719,950 in 85028 (Arizona Regional Multiple Listing Service (ARMLS), single-family homes closed January 1 to September 22, 2026), the numbers have to work at a higher entry point, so ownership costs deserve a careful look.
Tell me about your goals
What to evaluate
Older homes can carry higher maintenance costs. Where a homeowners association exists, check whether it limits rentals. Rent estimates should come from a property manager, and tax questions from your CPA. I am an Associate Broker with Coldwell Banker Realty and coordinate with them on the real estate side. More: investment property.
Compare nearby
Nearby Paradise Valley Village had a lower 2026 median and mostly homes with no homeowners association. Comparing both on the numbers helps you choose.
Frequently Asked Questions
Do Sheaborhood homes have rental restrictions?
Many established homes have no homeowners association, but where one exists, rules may limit rentals. We check before you offer.
Who estimates rent?
A property manager is the best source for local rent estimates.
The Sheaborhood
What investment property looks like in The Sheaborhood
The Shea Boulevard area around 32nd Street and Shea in 85028, at the foot of the Phoenix Mountains Preserve.
- The homes
- Many single-family homes on larger lots with mature landscaping; Shea Heights, one of the established neighborhoods, dates to the 1970s.
- Schools people ask about
- Much of 85028 is served by Paradise Valley Unified School District. Boundaries vary by address.
- Getting around
- State Route 51 nearby and Shea Boulevard east toward Scottsdale.
- Nearby
- The Phoenix Mountains Preserve trails and local shops and restaurants around 32nd Street and Shea.
- The trade-off
- Established homes and larger lots in a central location, often with older systems and updates that vary house to house.
The method
How we do it in The Sheaborhood
Investment Property: keep exploring
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