33215 N 50TH Street, Cave Creek, AZ 85331, Cave Creek, 85331 - 3 bed, 3 bath
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Cave Creek, AZ 85331
This Spacious Desert Residence is a High-Potential Investment Opportunity, with a List Price of $749,900—positioned well below the $895,152 Fair Market Value by 16%. This valuation gap provides $145,252 in Instant Equity. While maintaining a Well-Maintained Condition Rating, the original finishes offer significant upside through cosmetic modernization. Featuring Mountain Views, an Open-Concept Layout, and a large 12,250 sqft Lot, this home balances lifestyle and value. It is an ideal acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33215 N 50TH Street Subject | $749,900* List Price | 3 | 3 | 2,524 | $355 | - |
A 5209 E SIERRA SUNSET Trail Sold | $885,000 | 4 | 3 | 2,542 | $348 | 0.6 mi |
B 5209 E SIERRA SUNSET Trail Sold | $885,000 | 4 | 3 | 2,542 | $348 | 0.6 mi |
C 34105 N 44TH Place Sold | $960,000 | 4 | 3 | 3,154 | $304 | 1.0 mi |
D 5822 E BRAMBLE BERRY Lane Sold | $830,000 | 4 | 3 | 2,476 | $335 | 1.0 mi |
E 4819 E LONESOME Trail Active | $829,999 List Price | 3 | 2 | 2,437 | $341 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this property is exceptionally well-maintained and move-in ready, but it retains most of its original late-90s finishes. The presence of glass block windows in the bathroom, specific tile patterns, and the overall 'warm' color palette indicate that no major modern renovations have been performed. While the systems appear functional and the home is clean, the aesthetic and fixtures are stylistically outdated compared to current market standards for an 'excellent' or 'good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12250, living area = 2524.
Situated in Cave Creek near premier hiking trails, golf courses, and dining, this home offers the quintessential Arizona lifestyle complemented by scenic mountain views.
The 2,524 sqft layout features high ceilings, abundant natural light, and a large chef’s kitchen with a central island, making it ideal for both comfortable daily living and entertaining.
Built in 1998, the home features 'warm finishes' that may require cosmetic updates or system refreshments to meet the aesthetic preferences of contemporary buyers.
The property carries a $430 association fee, which increases the monthly carrying costs and may be a consideration for budget-conscious purchasers.
Beautifully designed home in Cave Creek, AZ offering an open-concept layout with high ceilings and abundant natural light. The spacious kitchen features a large island, ample cabinetry, and warm finishes, flowing seamlessly into the main living areas--ideal for everyday living and entertaining. The primary suite includes a bay window and a spa-like bath with dual vanities, soaking tub, and walk-in shower. Flexible secondary rooms provide space for guests, a home office, or hobbies. Enjoy a covered patio, low-maintenance desert landscaping, and outdoor space perfect for relaxing. Conveniently located near Cave Creek dining, hiking trails, golf, and shopping, this home delivers the best of Arizona desert living.
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 | 2,524 | 2,250 | 57% |
| Lot Size | 12,250 | 9,426 | 61% |
| Price | $749.9K | $590.0K | 68% |
| Price per sq ft | $297 | $291 | 52% |
| Built year | 1998 | 1999 | 49% |
| HOA | $430 | $78 | 92% |
| Days on market | 12 | 2381 | 1% |
Apr 10, 2026
$749,900
Initial Listing