12392 N 136TH Place, Scottsdale, AZ 85259, Scottsdale, 85259 - 4 bed, 3 bath
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Scottsdale, AZ 85259
This Expansive Scottsdale Mountain Residence is a High-Potential Investment Opportunity, listed at $1,200,000—positioned well below the $1,238,035 Fair Market Value by 3%. This valuation gap provides $38,035 in Instant Equity for buyers. While maintaining a Well-Maintained Condition Rating, the original 1996 finishes offer significant upside through cosmetic modernization. Featuring unobstructed mountain views, a premium lot backing to a wash, and access to Top-Rated Anasazi Elementary (9/10), this 3,500+ sqft home balances prestige with forced appreciation. It is an ideal acquisition for Owner-Occupants seeking a custom sanctuary or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12392 N 136TH Place Subject | $1,200,000* List Price | 4 | 3 | 3,521 | $352 | - |
A 12158 N 138TH Street Sold | $1,000,000 List Price | 4 | 3 | 2,979 | 0.3 mi | |
B 13753 E columbine Drive Sold | $990,000 List Price | 4 | 3 | 2,782 | 0.2 mi | |
C 14340 E CHARTER OAK Drive Sold | $864,900 List Price | 3 | 4 | 3,579 | 0.9 mi | |
D 13793 E LUPINE Avenue Sold | $1,180,000 | 4 | 3 | 2,836 | $416 | 0.6 mi |
E 13782 E LAUREL Lane Active Under Contract | $1,050,000 List Price | 4 | 3 | 2,769 | $379 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996 and largely in original condition, the home is well-maintained and move-in ready but features outdated finishes including white appliances, tile countertops, and oak cabinetry that require modernization to meet current market standards.
Elementary School: Anasazi Elementary School (9/10).
Situated in the exclusive Scottsdale Mountain enclave, this property offers the prestige and security of a top-tier gated community with access to highly-rated schools.
The home is perfectly positioned on a lot backing to a natural wash, ensuring privacy and capturing stunning, unobstructed mountain views.
The property is noted as an opportunity to enhance and modernize, suggesting that the 1996 finishes may require a significant additional investment to meet current luxury standards.
The association fee of $882 represents a substantial recurring cost that may impact the overall budget and carrying costs for potential buyers.
Nestled in the exclusive gated enclave of Scottsdale Mountain, this expansive single-level residence offers the chance to enhance and modernize an already exceptional home. Spanning over 3,500 square feet, this 4 bedroom, 3 bath home features soaring ceilings, abundant natural light, updated HVAC, and ample space to make it your own. Perfectly positioned on a premium lot backing to a wash, the property captures stunning mountain views and provides a uniquely tranquil setting. You won't find this combination of square footage, location, and value in such a premier gated community anywhere else. This is truly an incredible opportunity in one of Scottsdale's most sought-after communities. Your dream home awaits!
No exterior & parking available.
Grades PK-5 • 1.5 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,521 | 3,201 | 62% |
| Lot Size | 10,178 | 11,692.5 | 39% |
| Price | $1.20M | $1.04M | 57% |
| Price per sq ft | $341 | $384 | 41% |
| Built year | 1996 | 1994 | 59% |
| HOA | $882 | $210 | 95% |
| Days on market | 19 | 2256 | 1% |
Apr 3, 2026
$1,200,000
Initial Listing