2518 N 87TH Terrace, Scottsdale, AZ 85257, Scottsdale, 85257 - 3 bed, 2 bath
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Scottsdale, AZ 85257
This Turnkey Scottsdale Residence is a Prime Investment Opportunity, listed at $650,000—positioned well below the $675,994 Fair Market Value by 3%. This valuation gap provides $25,994 in Instant Equity. Boasting a Mint Condition Rating, the home features a 2022-remodeled kitchen, vaulted ceilings, and a temperature-controlled garage. With a proven $57,000 annual STR revenue and no HOA, it offers immediate cash flow or a high-end lifestyle near Hohokam Traditional School. This is an elite acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2518 N 87TH Terrace Subject | $650,000* List Price | 3 | 2 | 1,464 | $462 | - |
A 1818 N 87TH Terrace Sold | $480,000 List Price | 3 | 2 | 1,464 | 0.5 mi | |
B 8608 E DIANNA Drive Sold | $820,000 | 3 | 2 | 1,609 | $510 | 0.5 mi |
C 8755 E HUBBELL Street Sold | $684,999 List Price | 3 | 2 | 1,423 | 0.5 mi | |
D 8532 E SHERIDAN Street Sold | $625,000 | 3 | 2 | 1,520 | $411 | 0.3 mi |
E 8608 E DIANNA Drive Sold | $820,000 | 3 | 2 | 1,632 | $502 | 0.5 mi |
F 2230 N 87TH Terrace Pending | $649,900 List Price | 3 | 2 | 1,464 | $444 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a major renovation within the last 5 years, including a 2022 kitchen remodel with quartz countertops and updated bathrooms. Critical systems are also recently updated, featuring a newer AC, water heater, and an upgraded electrical panel, meeting the criteria for mint condition with no immediate maintenance required.
The property features a 2022-remodeled kitchen with quartz countertops and updated bathrooms, alongside critical mechanical upgrades including a newer AC, water heater, and an EV-ready electrical panel.
Operating as a successful short-term rental with over $57,000 in gross revenue and no HOA restrictions, this home offers high versatility for investors or owners seeking supplemental income.
Rare features such as a temperature-controlled garage with a mini-split, vaulted ceilings, and a private backyard oasis with a play pool and covered patio significantly enhance the home's marketability.
At 1,464 square feet on a sub-5,000 square foot lot, the property offers limited interior space and a smaller yard compared to other single-family residences in the area.
The assigned middle and high schools have lower performance ratings (4/10 and 3/10), which may be a deterrent for families prioritizing top-tier educational proximity.
Tucked in the heart of Scottsdale near Pima and Thomas, this beautifully updated 3-bedroom, 2-bathroom home sits in one of the Valley's most sought-after pockets -- walkable to dining, biking paths, and everything that makes this zip code special. Inside, vaulted 9+ foot ceilings set the tone the moment you walk in. The 2022-remodeled kitchen is the heart of the home -- quartz countertops, a large island, and an eat-in dining area that was made for gathering. Zero interior steps, a spacious primary suite with walk-in closet and dual vanity ¾ bath, elegant updated flooring and bathrooms throughout. Out back, the east/west facing lot delivers those Arizona evenings you moved here for -- sparkling play pool, covered patio, and low-maintenance desert landscape. The big stuff has been handled-- newer AC, water heater, and an upgraded electrical panel with capacity for an EV charger, sauna, or pool heater. The temperature-controlled garage with mini split is the kind of bonus that buyers remember. And NO HOA. Currently operating as a short-term rental generating over $57,000 in gross revenue in 2025 -- 56% occupancy, $292 average nightly rate. The income history is there if you want it, and the lifestyle is there if you don't.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 6-8 • 2.8 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,464 | 1,600 | 26% |
| Lot Size | 4,989 | 7,309 | 8% |
| Price | $650.0K | $550.0K | 68% |
| Price per sq ft | $444 | $344 | 79% |
| Built year | 1972 | 1960 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 2424 | 2% |
Apr 23, 2026
$650,000
Initial Listing