38500 N SCHOOL HOUSE Road 5, Cave Creek, AZ 85331, Cave Creek, 85331 - 3 bed, 3 bath
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Cave Creek, AZ 85331
This Luxury Resort-Style Residence is a High-Potential Investment Opportunity, listed at $835,000—positioned well below the $959,895 Fair Market Value by 13%. This significant valuation gap provides $124,895 in Instant Equity. Built in 2022, the home maintains a Mint Condition Rating and features a Granite Kitchen, soaring ceilings, and an unobstructed mountain view. Located within walking distance to Cave Creek’s vibrant town center, the property offers premium community amenities including a heated pool and pickleball court. This is an exceptional acquisition for Owner-Occupants seeking wealth-building potential or lifestyle-driven buyers wanting a turnkey desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38500 N SCHOOL HOUSE Road 5 Subject | $799,000* List Price | 3 | 3 | 2,113 | $378 | - |
A 38500 N SCHOOL HOUSE Road 1 Active | $824,995 List Price | 3 | 3 | 2,109 | $391 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2022, this home is less than 10 years old and in mint condition. The kitchen features modern granite countertops and new appliances, while the HVAC and electrical systems are nearly new, requiring no maintenance.
The property is ideally situated within walking distance to Cave Creek's vibrant town center, providing immediate access to premier dining, shopping, and local entertainment.
As a nearly new build, the home features contemporary finishes, soaring ceilings, and energy-efficient appliances, offering a move-in-ready experience with minimal maintenance required.
The Galloway Ridge community provides an exceptional lifestyle package including a heated pool, spa, pickleball court, fitness center, and dog park, all complemented by scenic mountain views.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4463, other record lot size in square feet = 4642.
With a lot size of 4,463 square feet, the property offers a more compact outdoor footprint, which may be a drawback for buyers seeking a large private backyard.
The $264 monthly association fee adds a consistent carrying cost to the property, which may impact the budget for buyers sensitive to monthly overhead.
Discover resort-style living in the heart of Cave Creek in this beautifully appointed 3-bedroom, 3-bathroom home, just a short stroll from the town's charming shops, restaurants, and entertainment. Designed for both comfort and style, the open-concept floor plan features soaring ceilings, granite countertops, new appliances, and a blend of tile and carpet flooring. Relax on your private patio with a cozy fireplace, just steps from the community pool. Residents enjoy exceptional amenities, including a heated pool and spa, fitness center, pickleball court, BBQ pavilion, fire pit, and dog park. Move-in ready and perfectly located, this home offers the ideal blend of luxury, convenience, and the vibrant Cave Creek lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,113 | - |
| Lot Size | 4,463 | - |
| Price | $799.0K | $800.0K |
| Price per sq ft | $378 | $353 |
| Built year | 2022 | 0 |
| HOA | $264 | $0 |
| Days on market | 88 | 3149 |
Jun 27, 2026
$799,000
$835,000
-4% Price Drop
Initial Listing
Apr 25, 2026
$835,000
Initial Listing