38400 N 94TH Way, Scottsdale, AZ 85262, Scottsdale, 85262 - 4 bed, 6 bath
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Scottsdale, AZ 85262
This Renovated Desert Contemporary Estate is a Prime Investment Opportunity, listed at $2,750,000—positioned well below the $2,806,379 Fair Market Value by 2%. This valuation gap offers $56,379 in Instant Equity. Boasting an Excellent Condition Rating, the residence features French oak floors, a 700+ bottle wine wall, and a resort-style backyard with mountain views, a pool, and spa. With immediate Desert Mountain Membership availability and access to top-rated schools like Black Mountain Elementary, this turnkey sanctuary is ideal for Luxury Home Seekers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38400 N 94TH Way Subject | $2,750,000* List Price | 4 | 6 | 4,244 | $661 | - |
A 9973 E Hidden Valley Road Sold | $2,270,000 List Price | 4 | 5 | 4,578 | 0.6 mi | |
B 9378 E SUNDANCE Trail Active | $3,250,000 List Price | 4 | 5 | 4,923 | $660 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1988, this property has undergone an extensive, high-end renovation within the last 5 years, bringing it to current luxury standards. The interior features premium French oak hardwood floors, a modern kitchen with high-end Thermador appliances, and completely updated bathrooms with contemporary fixtures and finishes. The addition of a 700+ bottle wine wall, new designer lighting, and a fully reimagined resort-style backyard with an outdoor kitchen further justifies the excellent condition rating, as all major components appear new or virtually new with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 47836, living area = 4244.
A rare Lifestyle/Social Membership is immediately available with club approval, allowing buyers to bypass lengthy waitlists in the prestigious Desert Mountain community.
The estate features high-end updates including French oak hardwood floors, a 700+ bottle wine wall, Thermador appliances, and a reimagined resort-style backyard with a pizza oven.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4244, other record living area = 3452.
Despite extensive updates, the original 1988 construction may involve older underlying infrastructure or systems compared to newer luxury builds in the area.
The association fee of $1,838, combined with the costs of a Desert Mountain membership and maintenance for a one-acre estate, represents a significant recurring financial commitment.
RARE Lifestyle/Social Membership immediately available with club approval. Tucked away on the end of a quiet cul-de-sac in Desert Mountain's Gambel Quail enclave, this soft desert contemporary single level estate offers over 4,200 sq. feet of refined living on a private, usable 1 acre+ lot with mountain views. Thoughtfully updated with a warm, modern aesthetic, the home features 4 spacious bedrooms, all ensuite, 2 half baths, and multiple indoor/outdoor living spaces designed for both comfort and entertaining. Featuring French oak hardwood floors throughout, complemented by new designer lighting and a cohesive, elevated finish palette. The kitchen is outfitted with premium Thermador appliances, double ovens, and opens to a stylish bar area and an impressive 700+ bottle wine wall just off the dining room. The primary suite is a true retreat, complete with a stacked stone fireplace and direct access to the outdoor living areas.Each bedroom enjoys its own patio access, creating a seamless indoor-outdoor lifestyle. The resort-style backyard has been completely reimagined with all new landscaping, and features an outdoor kitchen equipped with a pizza oven and smoker--ideal for entertaining under the Arizona sky. With three fireplaces, pool bath access, this home offers a rare blend of privacy, design, and functionality in one of North Scottsdale's most sought-after communities.
No exterior & parking available.
Grades PK-6 • 5.5 mi
Grades 6-8 • 8.5 mi
Grades 9-12 • 5.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 6.0 | 4.0 | 93% |
| Square foot | 4,244 | 3,626 | 70% |
| Lot Size | 47,836 | 37,862 | 80% |
| Price | $2.75M | $0 | 86% |
| Price per sq ft | $648 | $0 | 87% |
| Built year | 1988 | 2004 | 3% |
| HOA | $1838 | $300 | 93% |
| Days on market | 22 | 1998 | 1% |
Mar 31, 2026
$2,750,000
Initial Listing