12429 N 138th Place, Scottsdale, AZ 85259, Scottsdale, 85259 - 4 bed, 5 bath
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Scottsdale, AZ 85259
This Stunning Custom Estate is a Strong Value Opportunity, listed at $3,695,000—positioned well below the $3,967,033 Fair Market Value by 6%. This valuation gap offers $272,033 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home offers luxury amenities including a Wolf-Subzero kitchen, negative edge pool, and panoramic mountain views. Located near top-rated schools like Anasazi Elementary, this property is an ideal sanctuary for Luxury Homeowners or Discerning Investors seeking a prestigious Scottsdale lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12429 N 138th Place Subject | $3,695,000* List Price | 4 | 5 | 5,764 | $688 | - |
A 12807 N 137TH Street Active | $4,300,000 List Price | 4 | 6 | 6,211 | $692 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, the property is approximately 18 years old, placing it firmly in the 'Good' category. The home features high-end custom finishes, including a gourmet kitchen with Wolf and Sub-Zero appliances and premium stone flooring. It appears exceptionally well-maintained and move-in ready, though the cabinetry and stone choices reflect the original construction era rather than a recent renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 111786, living area = 5764.
Elementary School: Anasazi Elementary School (9/10).
Situated on a 2.7-acre hillside lot in Hawks Canyon, the property offers unobstructed, panoramic views of Camelback Mountain and complete seclusion.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =111786, other record lot size in square feet = 117786.
The property carries a significant association fee of $1,026, which adds to the monthly carrying costs for the homeowner.
The home's hillside construction requires a vertical layout with an elevator, which may not appeal to buyers seeking a traditional single-level living experience.
Stunning views in every direction! From Camelback Mountain to your own backyard, this home is all about exploring and enjoying the 2.7 acre lot! Complete privacy and an unobstructed lifestyle, this exceptional custom home is nestled into the hillside of Hawks Canyon at the top of Scottsdale Mountain. Every window has a view! Enter on the ground floor and take the elevator up to the main level featuring a split floor-plan. The moment you enter the courtyard you will love the privacy and intimacy created as you approach the dramatic glass entry doors that capture forever views! Gourmet chef's kitchen includes all Wolf-Subzero appliances, bar seating for 8, and easy access to the outdoor kitchen. Negative edge pool/spa, and an abundance of outdoor patio space Close to MAYO, BASIS, and DMHS!
No exterior & parking available.
Grades PK-5 • 1.8 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 5.0 | 0.0 |
| Square foot | 5,764 | - |
| Lot Size | 111,786 | - |
| Price | $3.69M | $1.25M |
| Price per sq ft | $641 | $475 |
| Built year | 2008 | 0 |
| HOA | $1026 | $0 |
| Days on market | 22 | 2493 |
Jul 1, 2026
$3,695,000
Initial Listing