27621 N 47TH Street, Cave Creek, AZ 85331, Cave Creek, 85331 - 5 bed, 3 bath
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Cave Creek, AZ 85331
This Spacious Single-Family Residence represents a Strong Value Opportunity, listed at $785,000—positioned well below the $836,812 Fair Market Value by 6%. This valuation gap offers $51,812 in Instant Equity for the buyer. With a Fair Condition Rating, the home features updated major systems, including recent HVAC and roof replacements, while offering room for cosmetic personalization. Boasting a pool, mountain views, and a 3-car garage, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27621 N 47TH Street Subject | $749,900* List Price | 5 | 3 | 3,203 | $241 | - |
A 28222 N 50TH Place Sold | $805,000 | 4 | 3 | 3,262 | $247 | 0.5 mi |
B 28449 N 46TH Street Sold | $655,000 | 4 | 3 | 2,504 | $262 | 0.5 mi |
C 29205 N 46TH Place Sold | $549,900 List Price | 4 | 3 | 2,883 | 0.9 mi | |
D 28321 N 44TH Way Pending | $900,000 List Price | 4 | 3 | 3,285 | $274 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 27 years old (built 1999), placing it in the 'Fair' category based on age. While major systems are in excellent condition—including HVAC systems replaced within 4 years and a roof replaced 7 years ago—the interior finishes in the kitchen and bathrooms are dated and appear original to the home's construction, requiring cosmetic updates.
The property offers significant peace of mind with both HVAC systems replaced within the last four years, a roof replacement approximately seven years ago, and a recently resurfaced pool.
With over 3,200 sqft, this 5-bedroom home includes a desirable downstairs bedroom and full bath, a large loft, and a 3-car garage, making it ideal for multigenerational living.
Located in a gated community, the home features a backyard oasis with a sparkling pool, mountain views, and a large covered patio perfect for entertaining.
Built in 1999, the interior may require aesthetic modernizing in the kitchen and bathrooms to meet the expectations of buyers seeking a contemporary luxury finish.
The side yard is currently unfinished and described as 'ready for future turf or grass,' representing an immediate project and additional expense for the new owner.
Welcome to this spacious 5-bedroom, 3-bathroom home located in the gated Diamond Creek community of Cave Creek. Designed with both comfort and functionality in mind, this home features separate living and family rooms, a formal dining area, and a versatile loft, providing plenty of space for everyone to spread out and enjoy their own private retreat. The open-concept kitchen overlooks the main living areas, making it perfect for entertaining guests or staying connected while preparing meals. A downstairs bedroom and full bathroom offer an ideal setup for guests, multigenerational living, or a home office. Upstairs, the oversized primary suite serves as a true retreat, featuring direct access to the loft, dual vanities, a separate tub and shower, private toilet room, and generous... space throughout. Step outside to enjoy the backyard oasis complete with a sparkling pool, large covered patio, and additional side yard space ready for future turf, grass, or other outdoor enhancements. Additional highlights include a desirable 3-car garage, whole-home water softener, and reverse osmosis drinking water system. Major updates provide peace of mind, including both HVAC systems replaced within the last four years, a roof replacement approximately seven years ago, a resurfaced pool, and a newer water heater. This exceptional home offers the perfect blend of space, functionality, and outdoor living in one of Cave Creek's most desirable gated communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,203 | - |
| Lot Size | 9,977 | - |
| Price | $749.9K | $800.0K |
| Price per sq ft | $234 | $353 |
| Built year | 1999 | 0 |
| HOA | $638 | $0 |
| Days on market | 29 | 3149 |
Jul 17, 2026
$749,900
$785,000
-4% Price Drop
Initial Listing
Jun 23, 2026
$785,000
Initial Listing