36601 N Mule Train Road 40a, Carefree, AZ 85377, Carefree, 85377 - 2 bed, 3 bath
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Carefree, AZ 85377
This Luxury Lower-Level Townhouse is a High-Potential Investment Opportunity, listed at $599,000—positioned well below the $748,455 Fair Market Value by 19%. This significant valuation gap offers $149,455 in Instant Equity for the incoming buyer. Boasting a Good Condition Rating, the interior features Dual Master Suites with lock-off capability, Granite Countertops, and a cozy Kiva Fireplace. Located within a gated community near Top-Rated Schools like Black Mountain Elementary, this versatile property is ideal for Seasonal Residents or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 36601 N Mule Train Road 40a Subject | $599,000* List Price | 2 | 3 | 1,975 | $379 | - |
A 36601 N Mule Train Road 15A Active | $660,000 List Price | 2 | 3 | 2,100 | $314 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, this property is well-maintained and move-in ready. It features high-quality materials such as granite countertops, solid core alder doors, and wood flooring that show minimal wear. While some elements like the white kitchen appliances are slightly dated, the overall condition and resort-style amenities align with the 'good' criteria for homes in the 10-20 year age range.
The property features two self-contained master suites that can be locked off from one another, providing exceptional privacy and versatility for use as a multi-generational home or a high-potential investment rental.
As a lower-level townhouse with no interior steps, this home offers excellent accessibility and ease of movement, making it an ideal choice for buyers seeking long-term comfort without mobility constraints.
The interior is appointed with high-quality materials including granite countertops, solid core Alder doors, wood flooring, and a cozy Kiva fireplace, delivering a sophisticated luxury aesthetic.
The monthly association fee of $448 adds a significant ongoing expense to the cost of ownership, which may be a consideration for budget-conscious buyers despite the included resort amenities.
Built in 2005, the property is approaching 20 years of age, meaning major systems or appliances may soon require maintenance or modernization to keep pace with newer luxury developments.
Luxury Lifestyle or Investment Property in Sunny Arizona. This beautiful lower Level Townhouse with no interior Steps is located in the Middle of the Village. Two self-contained Master Bedroom Suites offer excellent Privacy and can be locked off from one another. Upgrade Finishes include Granite Countertops, solid Core Alder Doors, Wood Floors, upgraded Furniture, Ceiling Fans and jetted Tub in the Master Bath. All Rooms open to covered Patios for outdoor Living. Relax by the cozy Kiva Fireplace or enjoy the Resort Style Community Pool, Spa and Clubhouse. This gated Community is close to Shopping in charming Carefree, the new Civana Resort and the Western Town of Cave Creek and World Class Golf.
No exterior & parking available.
Grades PK-6 • 3.4 mi
Grades 6-8 • 6.7 mi
Grades 9-12 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,975 | - |
| Lot Size | 1,984 | - |
| Price | $599.0K | $822.5K |
| Price per sq ft | $303 | $336 |
| Built year | 2005 | 0 |
| HOA | $448 | $0 |
| Days on market | 145 | 2512 |
Feb 27, 2026
$599,000
Initial Listing