
Carefree, AZ 85377
This Turnkey Southwestern Residence is a Strong Value Opportunity, listed at $1,140,000—positioned well below the $1,158,445 Fair Market Value by 1.6%. This valuation gap offers $18,445 in Instant Equity. Featuring a Condition Rating of 3, the home includes recent updates like a 2026 roof coating and alder cabinetry. With a 1.3-acre lot and panoramic mountain views, it offers significant expansion potential. This property is an ideal acquisition for Owner-Occupants seeking a desert retreat or lifestyle-focused buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 36601 N STARDUST Lane Subject | $1,140,000* List Price | 3 | 2 | 2,534 | $457 | - |
A 9432 E QUAIL Trail Pending | $1,250,000 List Price | 4 | 3 | 2,620 | $477 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1979, the property has undergone significant recent updates including a new water heater (2023), exterior paint (2024), and roof coating (2026). The kitchen and interior finishes, featuring alder cabinetry and stainless steel appliances, appear to be high-quality renovations from the 5-15 year range. The home is well-maintained, functional, and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 57838, living area = 2534.
Situated on a private 1.3-acre lot, the property offers breathtaking panoramic views of iconic mountain ranges including Pinnacle Peak and the McDowell Mountains.
The generous acreage provides exceptional flexibility for future additions such as an RV garage, detached workshop, or a separate guest house, allowing the property to grow with the owner's needs.
Built in 1979, the home offers only two bathrooms for over 2,500 square feet of living space, which may be considered insufficient for modern luxury standards or larger families.
The property is located a significant distance from local schools, with the nearest elementary and high schools being nearly 5 miles away, potentially impacting daily commute times for families.
Experience the lifestyle you've been dreaming of in this charming Southwestern home, perfectly positioned on a private 1.3 acre homesite in Carefree's coveted Velvet Shadows community. Surrounded by the natural beauty of the Sonoran Desert with majestic saguaro cacti, native desert vegetation, and panoramic views of Pinnacle Peak, the McDowell Mountains, Black Mountain, Elephant Butte, and other iconic mountain ranges, this exceptional property offers a rare combination of privacy, serenity, and timeless Arizona charm. Thoughtfully enhanced with tasteful updates over the past several years, this beautifully maintained three bedroom residence blends authentic Southwestern architecture with modern comfort. Recent improvements include elastomeric roof coating in 2026, exterior paint in 2024, & a new water heater in 2023, offering added value and peace of mind. A welcoming foyer sets the tone with rustic wood beams, a rich wood planked ceiling, and generous space for a baby grand piano, creating an impressive first impression. Rich alder cabinetry throughout the home adds warmth and character, while the open great room floor plan is designed for comfortable living and effortless entertaining. Gather around the inviting fireplace on cool desert evenings or enjoy the seamless flow between the great room and island kitchen featuring stainless steel appliances, abundant workspace, and ample storage. The versatile third bedroom offers endless possibilities as a private home office, guest room, library, or creative studio. Step outside to your own peaceful desert retreat where a tranquil water feature provides the perfect backdrop for quiet mornings, evening conversations, and entertaining family and friends. The expansive 1.3 acre homesite offers exceptional flexibility with ample room to add an RV garage, detached workshop, or separate guest house, allowing the property to evolve with your lifestyle. Whether you're seeking a full time residence or a seasonal Arizona escape, this rare Velvet Shadows opportunity delivers everything discerning buyers desire: authentic Southwestern architecture, tasteful updates, breathtaking mountain views, generous acreage, expansion potential, and the unmatched Carefree lifestyle. This is more than a home, it is a place where lasting memories are made and every day feels like a retreat.
No exterior & parking available.
Grades PK-6 • 4.7 mi
Grades 6-8 • 7.4 mi
Grades 9-12 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.6 |
| Baths | 2.0 | 3.6 |
| Square foot | 2,534 | 3,431.571 |
| Lot Size | 57,838 | 61,512.857 |
| Price | $1.14M | $1.14M |
| Price per sq ft | $450 | $387 |
| Built year | 1979 | 1995 |
| HOA | $60 | $783 |
| Days on market | 37 | 144 |
Aug 3, 2026
$1,140,000
Initial Listing