31622 N 42ND Place, Cave Creek, AZ 85331, Cave Creek, 85331 - 4 bed, 4 bath
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Cave Creek, AZ 85331
This New Construction Custom Residence is a Strong Value Opportunity, with a List Price of $1,010,000—positioned well below the $1,108,946 Fair Market Value by 8%. This valuation gap provides $98,946 in Instant Equity. Boasting a Pristine New-Build Condition Rating, the Overton floorplan features 4 bedrooms, a teen room, and a three-car garage. Buyers can fully personalize high-end finishes, including cabinets and flooring. Located in an exclusive 16-home cul-de-sac, this is an exceptional acquisition for Owner-Occupants or Value-Driven Buyers seeking a tailored sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31622 N 42ND Place Subject | $1,010,000* List Price | 4 | 4 | 3,200 | $347 | - |
A 4339 E SMOKEHOUSE Trail Sold | $764,990 List Price | 4 | 3 | 2,412 | 1.0 mi | |
B 31515 N 47th Terrace Sold | $849,900 List Price | 4 | 3 | 2,556 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new construction (2026) offering full customization of high-end finishes including cabinets, counters, and flooring. As a new build, all structural components, major systems, and appliances will be new and meet the highest modern quality standards with no deferred maintenance.
As a new build from the ground up, buyers have the rare opportunity to personalize the interior by selecting their own cabinets, counters, and flooring to suit their specific tastes.
Located in Forest Pleasant Estates, an intimate enclave of only 16 homes, providing a quiet, low-traffic environment and a sense of privacy.
The popular Overton layout offers 3,200 square feet of living space, featuring four bedrooms, a dedicated teen room, and a three-car garage, ideal for growing families.
Property taxes are currently based on raw land; buyers should budget for a significant increase in annual carrying costs once the home is completed and reassessed.
With a 2026 completion date, this property is not suitable for buyers needing immediate occupancy or those looking to avoid the potential delays associated with new construction.
This is a new build from the ground up. Purchase now and select your cabinets, counters, and flooring. Taxes are currently based on raw land. Forest Pleasant Estates is a quiet, intimate cul-de-sac community with only 16 homes. The Overton floorplan is our most popular floorplan with 4 bedrooms, 3.5 bathrooms, and a teen room, with a three car garage. Enjoy the optional vaulted ceilings and upgraded kitchens for a one of a kind home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 52% |
| Baths | 4.0 | 3.0 | 83% |
| Square foot | 3,200 | 2,250 | 81% |
| Lot Size | 10,403 | 9,426 | 54% |
| Price | $1.01M | $590.0K | 82% |
| Price per sq ft | $316 | $291 | 58% |
| Built year | 2026 | 1999 | 99% |
| HOA | $257 | $78 | 85% |
| Days on market | 18 | 2381 | 1% |
Apr 4, 2026
$1,010,000
Initial Listing