
Scottsdale, AZ 85255
Analysis of 10040 E Happy Valley Road 55, Scottsdale, AZ 85255 is currently available with a list price of $5,890,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Scottsdale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1997, this property falls into the 25-40 year age bracket without evidence of a recent major renovation. While the home is an architecturally significant luxury estate and appears very well-maintained, the kitchen cabinetry, built-in appliances, and bathroom fixtures reflect the original late-90s contemporary style and are considered outdated by current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 80541, living area = 6677.
Designed by Vernon D. Swaback, an apprentice to Frank Lloyd Wright, the estate offers a unique contemporary design that seamlessly integrates timeless architecture with the natural desert landscape.
Situated on the most prestigious street in Desert Highlands, the property provides unparalleled views of the 1st hole of the Jack Nicklaus Signature Course and the iconic Pinnacle Peak.
Built in 1997, the property may require significant capital investment to modernize interior finishes and mechanical systems to meet the expectations of today's ultra-luxury buyers.
The scale of the 6,700 sq ft residence, coupled with a negative edge pool and climate-controlled 4-car garage, will result in substantial ongoing maintenance and utility costs.
Designed by renowned architect Vernon D. Swaback, apprentice to Frank Lloyd Wright, this 6,700 sq ft contemporary estate on the premier street in Desert Highlands blends timeless architecture with comfortable desert living. Set on 1.8 acres overlooking the 1st hole of the Jack Nicklaus Signature Course and Pinnacle Peak, the home was thoughtfully positioned to capture golf course and mountain views from all main living spaces. The great room features soaring ceilings and walls of glass that open to the backyard, creating an easy indoor outdoor flow that feels natural and inviting. Distinctive spaces include a dramatic two story library, a private movie theatre with wet bar, and a temperature controlled 4 car garage. The main level primary suite offers two spacious closets and direct access to the heated spa, giving it a true retreat feel. Two additional guest suites provide privacy, including one with its own rooftop deck and spiral staircase to the patio. Even four-legged family members are pampered with a dedicated fenced run and doggie door. The backyard is designed for everyday enjoyment and entertaining, with a heated negative edge pool and spa, waterfall, fireplace, built-in BBQ, and multiple seating areas framed by natural boulder outcroppings and desert views. An immediate golf membership is available with access to the full lifestyle at Desert Highlands, including championship golf, tennis, pickleball, a renovated fitness center, clubhouse, and 24 hour guard gated security. The property is walking distance to the 18 hole putting course. If you're looking for a home with thoughtful architecture, seamless indoor outdoor living, and a premier golf course setting in North Scottsdale, this is a rare opportunity.
No exterior & parking available.
Grades K-6 • 4.3 mi
Grades 6-8 • 5.2 mi
Grades 9-12 • 6.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 3.0 | 86% |
| Square foot | 6,677 | 2,967 | 98% |
| Lot Size | 80,541 | 9,729 | 95% |
| Price | $5.89M | $1.03M | 98% |
| Price per sq ft | $882 | $442 | 95% |
| Built year | 1997 | 1998 | 49% |
| HOA | $150 | $235 | 24% |
| Days on market | 14 | 2166 | 0% |
Apr 8, 2026
$5,890,000
Initial Listing