16236 N 51st Street, Scottsdale, AZ 85254, Scottsdale, 85254 - 5 bed, 4 bath
Loading property details...
Scottsdale, AZ 85254
This Renovated Scottsdale Residence is a High-Potential Investment Opportunity, listed at $1,225,000—positioned well below the $1,922,011 Fair Market Value by 36%. This significant valuation gap offers $697,011 in Instant Equity. Featuring an Excellent Condition Rating, the property includes a granite kitchen, 3-car garage, and a backyard oasis with a pool and putting green. Located in the "Magic Zip Code" with No HOA, it balances luxury living with massive financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16236 N 51st Street Subject | $1,225,000* List Price | 5 | 4 | 3,611 | $532 | - |
A 17131 N 51ST Way Sold | $1,500,000 List Price | 4 | 4 | 3,643 | 0.5 mi | |
B 17030 N 57TH Street Sold | $1,480,000 | 5 | 5 | 3,369 | $439 | 0.9 mi |
C 5525 E ANDERSON Drive Sold | $1,235,000 | 4 | 3 | 3,302 | $374 | 0.8 mi |
D 5010 E NISBET Road Active Under Contract | $1,150,000 List Price | 4 | 3 | 2,970 | $387 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1990, the property has undergone an extensive recent renovation within the last 5 years. The interior features high-end modern finishes including grey wood-look tile in a herringbone pattern throughout, fresh white paint, and contemporary light fixtures. The kitchen is fully updated with white cabinetry, granite countertops, a mosaic backsplash, and stainless steel appliances. The exterior and backyard amenities, including the pool and putting green, appear meticulously maintained and move-in ready.
Situated in the highly desirable 'Magic Zip Code' (85254) with no HOA, this property offers exceptional freedom and proximity to the PV Mall redevelopment and Scottsdale Quarter.
The backyard is a true Arizona oasis featuring a sparkling pool, putting green, built-in BBQ, fire pit, and a covered patio, perfect for high-end entertaining.
With 3,611 square feet, 5 bedrooms, and a 3-car garage plus an RV gate, the home provides ample space and storage for large families or those with recreational vehicles.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3611, other record living area = 3538.
Built in 1990, the home features some era-specific elements like extensive tile flooring and older vaulted ceiling styles that may require further modernization to compete with new luxury builds.
The assigned public schools currently hold mid-range ratings (5-6), which may be a drawback for buyers specifically seeking top-tier educational districts for a million-dollar investment.
NO HOA in the Magic Zip Code! Perfectly positioned between the PV Mall redevelopment and Scottsdale Quarter, this corner-lot home in Tatum Square offers easy access to top shopping, dining, and entertainment. Complete with a 3-car garage and RV gate, it's designed for both lifestyle and convenience. Inside, you'll find tile flooring, vaulted ceilings, recessed lighting, and a cozy fireplace. The kitchen features white cabinetry, granite counters, stainless steel appliances, a mosaic backsplash, and an island with breakfast bar seating. The oversized primary suite includes vaulted ceilings, dual sinks, and a walk-in closet. Enjoy Arizona living in the backyard oasis with a covered patio, putting green, built-in BBQ, fire pit, and sparkling pool. Don't miss this one!
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 1.0 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 85% |
| Baths | 4.0 | 2.0 | 90% |
| Square foot | 3,611 | 2,221.5 | 93% |
| Lot Size | 9,320 | 10,215.5 | 30% |
| Price | $1.23M | $705.0K | 80% |
| Price per sq ft | $339 | $363 | 47% |
| Built year | 1990 | 1984 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 2218 | 0% |
Mar 4, 2026
$1,225,000
Initial Listing