1244 E PALM Lane, Phoenix, AZ 85006

Built in 1930 and beautifully preserved, this classic Historic Bungalow in the Coronado Historic District is a rare and remarkable offering that seamlessly marries century-old craftsmanship with thoughtful, high-quality modern updates. The property carries an official historic tax designation, affording owners an approximately 50% reduction in property taxes, an extraordinary and lasting financial advantage that is increasingly difficult to find in today’s market and one that makes this home as smart an investment as it is a joy to live in. From the charming front stoop, you are greeted with a direct and lovely view of Coronado Park, the lively, green heart of the neighborhood, where tennis courts, a playground, a seasonally accessible pool, a baseball field, basketball courts, and the beloved Movies in the Park series are all right across the street. The stoop offers just enough room for a small seating area, making it the perfect perch for morning coffee, evening unwinding, and the easy, friendly conversation with neighbors that has defined life in this community for generations. There is a warmth to this block that you simply feel the moment you arrive. Inside, the home presents 1,580 sf of light-filled living across three bedrooms and two bathrooms. Original hardwood floors, exposed brick, crown molding, and original hardware speak to the home’s storied past, while a fully remodeled interior ensures modern comfort at every turn. The wiring throughout is copper, and the home has been regularly serviced with pest control and kept in excellent, well-loved condition over the years. A brand new electric tankless water heater provides on-demand hot water with exceptional efficiency, and the roof is only five years old, offering significant peace of mind for years to come. Dual pane windows flood every room with natural light while maintaining energy efficiency, and historic details are woven thoughtfully throughout, giving the home a character and soul that newer construction simply cannot replicate. The updated kitchen has been freshly painted and features a gas range, coffee bar, and dishwasher, a space that is as functional as it is inviting. A dedicated laundry room keeps daily life organized and out of the way, and the refrigerator, washer, and dryer all convey. Storage is genuinely abundant throughout the main house, a rarity among historic homes of this vintage and a quality that everyday living quickly comes to appreciate. The formal dining room serves as the true heart of the home, a natural gathering place of generous proportions anchored by historic charm, ideal for everything from casual weeknight dinners to memorable entertaining. The floor plan flows gracefully from two well-sized secondary bedrooms into a spacious den and office that leads to the spectacular primary suite addition at the rear of the home, fully permitted and masterfully executed. This is not an afterthought addition; it is a dream suite that expands the home’s footprint with grace and intention. Bathed in natural light pouring through large windows, the primary suite features soaring vaulted ceilings, custom California Closets built-ins, and a dedicated vanity nook that lends a boutique hotel quality to everyday morning routines. The en suite bathroom is a true sanctuary, complete with a deep soaking tub and a custom linen and toiletry closet designed with equal parts beauty and practicality in mind. French doors from the den open directly onto a covered rear patio, inviting the outside in and making indoor/outdoor living feel effortless. The outdoor living space is nothing short of exceptional, designed and installed by Dig It Landscape Architects. Custom raised corten steel planters, a dramatic statement water feature, rainwater harvesting basins, and thoughtfully selected low-water desert plantings create a layered, artistic landscape that is as stunning to look at as it is easy to maintain. Multiple dining and lounge areas, both covered and open to the sky, make this backyard a true extension of the home’s living space. Custom iron side and rear gates frame the property beautifully, and both the front and rear irrigation systems operate on automatic timers, keeping the desertscape lush and thriving with minimal effort year-round. A custom-built, temperature-controlled 150sf storage shed on the rear of the property adds another exceptional layer of practical value, purpose built and climate-protected for long term storage of anything worth keeping. The detached outbuilding is a story unto itself. Originally a historic carriage house, it was completely and thoughtfully renovated in place, with a new foundation, structural reinforcements, and added plumbing, transforming it into a polished 326sf flex space unlike anything typically found with a property of this kind. With a 3/4 bathroom, closet, mini-split AC system, dual-pane doors and windows, and superior insulation, it functions beautifully as a private office, home gym, art studio, or additional entertaining space. Its history, its bones, and its versatility are genuinely irreplaceable. All of this sits within the Coronado Historic District, celebrated as one of Phoenix’s most walkable, creative, and tightly knit communities. Reflecting the California Bungalow and Spanish Colonial Revival architectural traditions that took root here in the 1920s , the district has long attracted an artsy, engaged, and neighborly crowd who take pride in where they live. Just steps from the front door, the Oak Street bike path winds through the neighborhood for car-free cruising, while the celebrated Oak Street Mural Alley, a 1/4 mile corridor lined with upwards of 30 murals from dozens of local artists, anchors the district’s vibrant creative identity and hosts an annual festival of live painting, music, and joyful community gathering. Sunshine Market, a true neighborhood institution, serves fresh breakfast sandwiches, deli fare, hand-roasted Press Coffee, and a carefully curated craft beer and wine selection, the kind of place where the staff knows your name, walking distance from your front door. Independently owned restaurants, wine bars, coffee shops, and cafes line 7th Street and wind through the surrounding blocks, offering something wonderful for every mood and occasion within an easy, pleasurable stroll from the front door. This is a rare, unique, and deeply special property in one of central Phoenix’s most beloved and irreplaceable historic communities.