29923 N 161ST Way, Scottsdale, AZ 85262, Scottsdale, 85262 - 4 bed, 4 bath
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29923 N 161ST Way
Scottsdale, AZ 85262
ACTIVE
CONDITION: FAIR
4Beds
4Baths
3,528Sq Ft
83,496Lot Size
Property Price
LIST PRICE$875,000
EST. MARKET VALUE
$873,533
SUMMARY
This Spacious Custom Residence is a Strong Value Opportunity, listed at $895,000—positioned slightly above the $879,837 Fair Market Value. While the property requires minor cosmetic updates to its original cabinetry and slate flooring, its Fair Condition Rating is offset by a massive 2-acre lot and robust water infrastructure, including a private well and rainwater collection. Featuring a Rooftop Observation Deck and Breathtaking Mountain Views, this home offers a serene lifestyle. It is an ideal acquisition for Owner-Occupants seeking a custom desert retreat or Value-Add Investors.
Estimated Market Value
$873,533
Based on Realkey algorithm analyzing recent comparable sales in Scottsdale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29923 N 161ST Way Subject | $875,000* List Price | 4 | 4 | 3,528 | $248 | - |
A 30111 N 166th Place Active | $975,000 List Price | 5 | 4 | 3,350 | $291 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2000, the property is 24 years old and falls into the 'Fair' category based on age (>20y). While the home is well-maintained with granite countertops and stainless steel appliances, the honey-toned cabinetry and slate tile work are original to the build and considered dated by modern standards, requiring minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 83496, living area = 3528.
- Expansive Lot & Scenic Views
Situated on nearly 2 acres, this property offers breathtaking mountain views and a rooftop observation deck, providing a private and serene Arizona outdoor lifestyle.
- Robust Water Infrastructure
The home features an Epcor-approved 3,000-gallon water tank, a rainwater collection system, and a private well, ensuring long-term water reliability and peace of mind in a desert environment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =83496, other record lot size in square feet = 62247.
- Remote Location
The property is located a significant distance from local schools (9-13 miles) and major city amenities, which may be a drawback for families or those requiring frequent commutes.
- Water System Management
While the multiple water sources are a benefit, the reliance on a storage tank and a non-primary private well requires more specialized maintenance and monitoring compared to standard municipal connections.
About 29923 N 161ST Way
Priced to sell! Check out the breathtaking mountain views from this custom home positioned on an expansive lot of nearly 2 acres with ample property potential. This 4 bed + den /3.5 bath, home features a split floorplan, formal living/dining room, and a family room open to the kitchen. The spacious kitchen offers granite countertops, breakfast bar, island, SS appliances, custom cabinetry, and walk-in pantry. Slate flooring enhances the living areas with wood flooring in the bedrooms. The oversized primary suite includes double doors for backyard access, a walk-in shower, dual vanities, and a custom walk-in closet. Outside enjoy a large covered patio, paved entertainment area, rooftop observation deck, 3 car garage, paved circular driveway, and front courtyard, Come see this beautiful hom Epcor approved with a 3K gallon water tank, providing peace of mind with a reliable water source for the long term. The property also has a rainwater collection system which provides an additional water source. There is also a private well on the property yet not set up to be a main water source. The property offers the perfect Arizona outdoor lifestyle providing access to nearby hiking, mountain biking, and horseback riding trails. It is truly a serene escape from the busy city life.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 83,496 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Scottsdale Unified Schools
Four Peaks Elementary School
Grades 4-5 • 9.0 mi
0/10
McDowell Mountain Elementary School
Grades PK-3 • 9.5 mi
6/10
Desert Sun Academy
Grades K-6 • 12.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,528 | 2,663.758 |
| Lot Size | 83,496 | 10,693.732 |
| Price | $875.0K | $1.16M |
| Price per sq ft | $248 | $440 |
| Built year | 2000 | 1993 |
| HOA | $0 | $289 |
| Days on market | 34 | 84 |
Pricing History
Listed for Sale
Aug 26, 2026
$875,000
$895,000
-2% Price Drop
Initial Listing
Price Change
Aug 6, 2026
$895,000
Initial Listing