
Cave Creek, AZ 85331
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $675,000—positioned above the $599,865 Fair Market Value. While the property carries a Condition Rating of 4, it features a Paid Solar System and a functional Main-Level Primary Suite. The home offers significant potential for cosmetic modernization to align with contemporary standards. With its desirable Tatum Ranch location and versatile floor plan, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31030 N 41ST Place Subject | $695,000* List Price | 3 | 3 | 2,096 | $282 | - |
A 4321 E RANCHO CALIENTE Drive Sold | $559,900 List Price | 3 | 2 | 1,810 | 0.3 mi | |
B 31044 N 40TH Place Sold | $563,900 | 3 | 3 | 1,739 | $324 | 0.2 mi |
C 4243 E DESERT MARIGOLD Drive Active | $645,000 List Price | 3 | 2 | 2,019 | $319 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996 (28 years old), the home is well-maintained but remains largely dated. The kitchen features older cabinetry and countertops, and the main living areas retain original ceramic tile. While the primary bathroom has been partially refreshed with newer vanities and the home includes paid solar, the property's age and primary systems/finishes fall within the 15-30 year renovation bracket, requiring cosmetic updates to meet modern standards.
The property features a fully paid solar system, offering significant energy cost savings and immediate value in the Arizona climate.
The popular Maracay floor plan includes a primary suite on the ground floor, providing a highly sought-after layout for privacy and long-term accessibility.
With soaring ceilings, a dedicated loft/office space, and a flexible play area in the secondary bedrooms, the home offers excellent functionality for modern families and remote work.
At 5,945 square feet, the lot is relatively compact for the Cave Creek area, which may limit outdoor expansion or large-scale landscaping projects.
Built in 1996, the property may require cosmetic updates to the kitchen and bathrooms to meet the expectations of buyers seeking contemporary luxury finishes.
PAID SOLAR! Beautiful 3-bedroom home in the highly desirable Tatum Ranch community of Cave Creek! This popular Maracay floor plan features a spacious and functional layout with the primary suite conveniently located downstairs--perfect for comfort and privacy. Step inside to soaring ceilings and a bright, open feel, with formal living and dining areas that flow seamlessly into the spacious kitchen and inviting family room, complete with a built-in media niche--ideal for everyday living and entertaining. Upstairs offers two generously sized bedrooms, including one with a versatile play area or additional storage space--perfect for growing families or flexible use. A loft/office area provides the ideal space for working from home or a cozy retreat. Enjoy Arizona living at its best!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,096 | 2,250 | 35% |
| Lot Size | 5,945 | 8,968 | 18% |
| Price | $695.0K | $502.5K | 68% |
| Price per sq ft | $332 | $272 | 66% |
| Built year | 1996 | 1999 | 43% |
| HOA | $107 | $78 | 60% |
| Days on market | 33 | 2645 | 1% |
Jun 4, 2026
$695,000
$675,000
+3% Price Increase
Initial Listing
May 5, 2026
$675,000
Initial Listing