12151 E CORTEZ Drive, Scottsdale, AZ 85259, Scottsdale, 85259 - 5 bed, 4 bath
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Scottsdale, AZ 85259
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,700,000—positioned above the $1,616,498 Fair Market Value. While currently priced for the market, the property features a Condition Rating of 4, offering significant upside through cosmetic modernization. Key assets include owner-owned solar, a heated pool and spa, and a dedicated office. With 3,899 sqft and proximity to premier Scottsdale amenities, this home is an ideal project for Value-Add Investors or Owner-Occupants seeking to customize a high-end estate.
Spacious 5-bed Scottsdale home in Ventana Foothills. Features pool, spa, solar, and mountain views. Perfect renovation project for high-end custom living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12151 E CORTEZ Drive Subject | $1,700,000* List Price | 5 | 4 | 3,899 | $415 | - |
A 11295 N 117TH Street Sold | $1,400,000 | 5 | 4 | 3,939 | $355 | 0.5 mi |
B 12323 N 116TH Street Sold | $1,195,000 List Price | 3 | 4 | 3,895 | 0.8 mi | |
C 12232 E CORTEZ Drive Active | $2,100,000 List Price | 5 | 4 | 4,386 | $479 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, the property is over 20 years old and features original dated elements such as tiled bathroom countertops and older cabinetry. While major systems have been updated (roof 2019, windows 2025, water softener 2025), the interior aesthetics and fixtures require modernization to meet current market standards.
The property features owner-owned solar panels and significant recent capital improvements, including a newer roof (2019), select new windows (2025), and a new water softener (2025), offering immediate value and reduced carrying costs.
With nearly 3,900 square feet, five bedrooms, and a dedicated office with built-ins, the layout provides exceptional flexibility for large families, multi-generational living, or a comprehensive work-from-home setup.
The backyard is fully equipped for the Arizona lifestyle with a heated pool and spa, built-in BBQ, and a private lot adjacent to NAOS, providing a serene environment with potential for expansive mountain and city views.
Built in 1995 and marketed as a renovation project, the interior finishes may be dated, requiring additional investment to bring the home up to modern luxury standards for the Scottsdale market.
While the property offers mountain and city views, they are currently obscured by mature landscaping that requires significant cutting back to fully realize the home's visual potential.
Nestled within the gated community of Ventana Foothills at Sonoran Arroyos, this beautifully maintained 5 Bed | 4 Bath | Dedicated Office residence offers a flexible and functional floor plan designed for today's lifestyle. Featuring multiple living spaces and generously sized bedrooms, the home provides the ideal balance of comfort and versatility. A dedicated office with built-ins offers the flexibility for a home workspace, library, or bonus room.The spacious primary suite serves as a private retreat, complemented by well-appointed secondary bedrooms thoughtfully arranged to accommodate family and guests. Outside, the backyard is designed for year-round Arizona enjoyment with a heated pool and spa, covered patio areas, built-in BBQ, and mature private landscaping which could be cutback to open to the NAOS, mountain and city views. Recent improvements include a newer roof (2019), select new windows (2025), a new water softener (2025), and a new pool and spa heater (2018), while owner-owned solar adds efficiency and long-term value. Move in ready, or perfect for your next renovation project to make exactly as you wish, with built-in ROI! Ideally located near Scottsdale's premier golf courses, hiking trails, shopping, dining, and top-rated schools, this exceptional property offers the perfect blend of comfort, functionality, and Arizona living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 76% |
| Baths | 4.0 | 3.0 | 60% |
| Square foot | 3,899 | 3,098 | 67% |
| Lot Size | 14,702 | 11,826 | 62% |
| Price | $1.70M | $915.0K | 76% |
| Price per sq ft | $436 | $386 | 65% |
| Built year | 1995 | 1994 | 62% |
| HOA | $266 | $198 | 67% |
| Days on market | 4 | 2338 | 2% |
Jun 15, 2026
$1,700,000
Initial Listing