16250 N 49th Street, Scottsdale, AZ 85254, Scottsdale, 85254 - 5 bed, 4 bath
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Scottsdale, AZ 85254
This Spacious Scottsdale Residence is a Strong Value Opportunity, listed at $1,175,000—positioned well below the $1,228,859 Fair Market Value by 4%. This valuation gap provides $53,859 in Instant Equity. The home maintains a Good Condition Rating, featuring a renovated kitchen and a unique hidden basement with a media room. Located in the "Magic Zip Code" 85254 near Horizon High School, the property includes a private pool and spa. This is an ideal acquisition for Owner-Occupants seeking lifestyle luxury or Buy-and-Hold Investors targeting a high-demand rental area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16250 N 49th Street Subject | $1,125,000* List Price | 5 | 4 | 4,211 | $267 | - |
A 5122 E VILLAGE Drive Sold | $899,990 List Price | 5 | 3 | 2,851 | 0.8 mi | |
B 5102 E GRANDVIEW Road Active | $1,200,000 List Price | 5 | 4 | 3,720 | $323 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1988, the property has undergone significant renovations that place it in the 'Good' category. The kitchen and primary bathroom feature granite and travertine finishes consistent with a 5-15 year renovation age, while the powder room shows a very recent, modern remodel (<5 years). The home is well-maintained, move-in ready, and features updated flooring and lighting throughout.
The rare 4,211 SF floor plan includes a hidden basement with two bedrooms and a media room, providing exceptional privacy and versatile additional living space seldom found in the Arizona market.
Ideally situated in the 'Magic Zip Code' 85254, the home offers immediate proximity to Kierland Commons, Desert Ridge, and major freeways, combined with direct gated access to a community greenbelt.
The private backyard serves as a complete retreat, featuring a pool, spa, and grassy play area, complemented by a 3-car garage and a functional RV gate.
Built in 1988, the property may require significant capital improvements or modern cosmetic updates to align with contemporary luxury standards and buyer expectations at this price point.
With a large 4,211 SF structure situated on an 8,591 SF lot, the building-to-land ratio is high, which may result in a more constrained outdoor feel relative to the home's substantial interior scale.
Spacious 4,211 SF home with 5 beds, 3.5 baths, 3-car garage, and RV gate in the sought-after Paradise Valley School District. Thoughtful floor plan includes a hidden basement entrance -- don't miss it! -- revealing two bedrooms, a full bath, and a media/family room. Upstairs hosts the primary suite and two additional bedrooms. The main level offers a bonus room, formal living and dining areas, and a cozy family room with fireplace. Step outside to a private backyard retreat with pool, spa, and grassy play area. Situated directly across from a community greenbelt with gated access, and just minutes from Kierland, Desert Ridge, the upcoming PV Mall redevelopment, and easy access to the 51 and 101 freeways.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 1.2 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 | 91% |
| Square foot | 4,211 | 2,154 | 95% |
| Lot Size | 8,591 | 10,392 | 27% |
| Price | $1.12M | $0 | 76% |
| Price per sq ft | $267 | $0 | 51% |
| Built year | 1988 | 1983 | 71% |
| HOA | $53 | $0 | 83% |
| Days on market | 75 | 2590 | 1% |
Jun 13, 2026
$1,125,000
$1,175,000
-4% Price Drop
Initial Listing
Apr 10, 2026
$1,175,000
Initial Listing