28701 N 40TH Way, Cave Creek, AZ 85331, Cave Creek, 85331 - 5 bed, 3 bath
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Cave Creek, AZ 85331
This Modern 2020-Built Residence is a High-Potential Investment Opportunity, listed at $689,000—positioned well below the $710,348 Fair Market Value by 3%. This valuation gap provides $21,348 in Instant Equity. Boasting an Excellent Condition Rating, the home features a Granite Kitchen with a gas cooktop and a versatile five-bedroom layout. The low-maintenance backyard with artificial turf and a covered patio offers a turnkey outdoor lifestyle. Located in the desirable Peak View 2 community, this is an ideal match for Owner-Occupants or growing families seeking a polished, move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28701 N 40TH Way Subject | $689,000* List Price | 5 | 3 | 2,211 | $321 | - |
A 4036 E HOOT OWL Trail Sold | $655,000 | 4 | 3 | 2,211 | $296 | 0.1 mi |
B 4630 E VIA DONA Road Sold | $664,500 | 4 | 2 | 2,186 | $304 | 0.8 mi |
C 4637 E FERNWOOD Court Sold | $695,000 List Price | 4 | 2 | 2,186 | 0.8 mi | |
D 4028 E MARK Lane Active | $675,000 List Price | 5 | 3 | 2,211 | $305 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2020, placing it well within the 10-year threshold for an excellent rating. The interior features modern, high-quality finishes including granite countertops, a gas cooktop, large-format tile flooring, and contemporary bathroom tiling with a glass-enclosed walk-in shower. The home appears to be in pristine, like-new condition with no signs of deferred maintenance or physical depreciation.
As a 2020 build, the home features contemporary design elements, modern energy efficiencies, and the benefit of relatively new systems, reducing the need for immediate capital improvements.
The five-bedroom configuration is a significant asset in this square footage, providing excellent versatility for large families, guest accommodations, or multiple home office setups.
The backyard is fully optimized for the Arizona lifestyle with low-maintenance artificial turf, pavers, and a covered patio, offering an immediate space for entertaining without additional landscaping costs.
The 6,052-square-foot lot is relatively modest for a five-bedroom home, which may limit privacy and outdoor expansion options for buyers seeking a more expansive yard.
Distributing 2,211 square feet across five bedrooms may result in smaller individual bedroom dimensions or more condensed common living areas compared to homes with fewer, larger rooms.
Welcome to this beautifully designed 5-bedroom, 3-bath home with 2,211 sq ft of thoughtfully laid-out space. The open living areas feature durable tile flooring, while plush carpet adds comfort to each bedroom. The kitchen is a standout with granite countertops, a gas cooktop, abundant cabinetry, and a spacious pantry. Retreat to the primary suite complete with a walk-in shower and large walk-in closet. Step outside to a low-maintenance backyard featuring a covered patio, pavers, and artificial turf--perfect for relaxing or entertaining year-round.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,211 | 2,250 | 46% |
| Lot Size | 6,052 | 9,245 | 20% |
| Price | $689.0K | $590.0K | 61% |
| Price per sq ft | $312 | $291 | 57% |
| Built year | 2020 | 1999 | 97% |
| HOA | $113 | $78 | 60% |
| Days on market | 19 | 2381 | 1% |
Apr 3, 2026
$689,000
Initial Listing