UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,345 sqft
Price per Sqft $767
Subdivision Custom
MLS Listing ID 7007310
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 2017
Annual Tax Amount $2,250
Tax Year 2025
Lot Size 0.935 Acres
Acres 0.93
Property Sub-Type Single Family Residence
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Potential $175K-$250K+ Gross Annual Revenue!
Welcome to Laurel Gardens at 8822 W Deer Valley Rd, Peoria, AZ 85382, a rare, turnkey mixed-use opportunity on nearly 1 full acre in North Peoria's desirable growing area. This versatile property features two separate houses ready for short-term rentals, a stunning outdoor event venue that comfortably hosts up to 100 guests, flexible business rental spaces perfect for pop-up services, and ample room for large-toy storage (boats, RVs, and mobile homes). Whether you're an investor seeking diversified cash flow or an owner-operator looking for a lifestyle property that pays for itself, this is the one you've been waiting for. Imagine waking up in your private home, stepping out to a peaceful garden venue where families celebrate weddings and milestones under the Arizona sun, while the second house generates steady Airbnb income, storage fees roll in passively, and small business renters keep the cash flowing. It's not just real estate - it's a resilient income engine and a heartfelt gathering place all in one.
Proven Revenue Streams, Built to Pay for Itself Fast
Here's the conservative income potential based on current 2026 Peoria/Phoenix market comps (seasonality, 60% STR occupancy, and local regulations factored in):
" Two Airbnb-Ready Houses: Each averages $175/night at 60% occupancy ' ~$76,650/year combined. (Upside to $90K-$110K with professional management and event tie-ins.)
" 100-Guest Outdoor Event Venue: 30 events/year at $2,500 average rental ' $75,000/year. (Upside to $100K-$150K with 40-50 events and add-on packages.)
" Large-Toy Storage (Boats, RVs, Mobile Homes): 10 spots at $150/month average and 80% occupancy ' ~$14,400/year. (Upside to $20K-$30K with premium covered options.)
" Flexible Business Spaces (nail pop-ups, seasonal accountants, etc.): 2-3 small spaces rented part-time $9,600/year. (Upside to $15K-$25K with full utilization.)
Total Projected Gross Annual Income:
Conservative: ~$175,650
Realistic mid-range: $200,000-$250,000
Optimistic (strong marketing): $280,000+
Cash flow after typical expenses still delivers strong returns in today's market, the perfect "set-it-and-forget-it" asset for investors tired of single-use properties.
Property Highlights
" Two Separate Houses: Airbnb/VRBO-ready with private entrances, modern living spaces, and easy access to everything on-site. Ideal for owner-occupancy in one while renting the other.
" Outdoor Event Venue: Intimate garden setting with bridal suites, ample parking, and space for 100 guests - already proven for weddings, reunions, corporate events, and photoshoots.
" Large-Toy Storage Area: Secure, spacious yard perfect for renting spots to boat and RV owners near Lake Pleasant.
" Flexible Business Spaces: Quick-turn areas perfect for mobile nail techs, tax-season accountants, or other pop-up services - low overhead, high flexibility.
" Nearly 1 acre of usable land in a semi-rural feel with room to grow or simply enjoy the Arizona lifestyle.
Zoning & Important Notes
Zoned Suburban Ranch (SR-43) in the City of Peoria. This low-density residential district supports the current single-family and limited rural uses, with the existing event venue, storage, and short-term rentals operating under conditional/temporary permits or grandfathered rights. Short-term rentals follow Arizona state law plus Peoria registration rules. Buyers/investors should budget for potential conditional use permits or rezoning to fully maximize mixed-use potential (great upside for the right owner). Full details available upon request transparency is key!
This property sits in a prime North Peoria location - convenient to Westbrook Village, Lake Pleasant, golf, shopping, and everything the Valley has to offer. It's the versatile gem that stands out from ordinary listings: diversified income, emotional appeal, and real lifestyle value.
Professional photos and a full virtual tour video will accompany the listing so you can see the magic for yourself - the gardens, the houses, the venue setup, and the storage potential.
Don't miss this chance to own a true cash-flow powerhouse in Peoria. Serious investors and owner-operators, we would love to give you a private tour. Here is your chance to make Laurel Gardens your next smart investment or dream property!
Location
State AZ
County Maricopa
Community Custom
Area Maricopa
Direction 91st Avenue, east on Deer Valley to home
Rooms
Other Rooms Guest Qtrs-Sep Entrn, Separate Workshop, Great Room, BonusGame Room
Guest Accommodations 1000.0
Master Bathroom Double Sink
Master Bedroom Split
Den/Bedroom Plus 7
Separate Den/Office Y
Interior
Interior Features Walk-in Pantry, Non-laminate Counter, High Speed Internet, Double Vanity, Eat-in Kitchen, Breakfast Bar, Kitchen Island, 3/4 Bath Master Bdrm
Heating Other, See Remarks, Electric
Cooling HVAC SEER Rating, Central Air, Ceiling Fan(s), Mini Split, Programmable Thmstat, See Remarks
Flooring Tile
Fireplace No
Window Features Skylight(s),Dual Pane
Appliance Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal
SPA Heated,Private
Exterior
Exterior Feature Playground, Other, Private Yard, Storage, Separate Guest House
Parking Features RV Access/Parking, Gated, RV Gate
Fence Block
Pool Fenced
Utilities Available APS
Roof Type Composition
Porch Covered Patio(s)
Private Pool Yes
Building
Lot Description North/South Exposure, Sprinklers In Rear, Sprinklers In Front, Synthetic Grass Frnt, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
Story 1
Sewer Septic in & Cnctd, Septic Tank
Water Pvt Water Company
Structure Type Playground,Other,Private Yard,Storage, Separate Guest House
New Construction No
Schools
Elementary Schools Coyote Hills Elementary School
Middle Schools Coyote Hills Elementary School
High Schools Sunrise Mountain High School
School District Peoria Unified School District
Others
HOA Fee Include No Fees
Senior Community No
Tax ID 200-08-024-Q
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Horse Property Y
Disclosures Seller Discl Avail
Possession By Agreement
Listing Terms Cash, Conventional, FHA, VA Loan
Virtual Tour https://vimeo.com/1027882897?share=copy#t=0
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