39775 N 50TH Street, Cave Creek, AZ 85331, Cave Creek, 85331 - 5 bed, 5 bath
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Cave Creek, AZ 85331
Analysis of 39775 N 50TH Street, Cave Creek, AZ 85331 is currently available with a list price of $2,300,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Cave Creek Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 2000, this property is over 20 years old and retains most of its original finishes, which are now dated. While the home is expansive and features high-end Sub-Zero and Dacor appliances, the interior—specifically the bathrooms and laundry room—shows original tiled countertops and cabinetry that lack modern updates. The listing description explicitly positions the property as a remodel opportunity, aligning with the 'fair' criteria of being functional but showing signs of being outdated and requiring updates to meet current luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 218356, living area = 7040.
The property sits on a rare 5-acre lot with no HOA and horse privileges, offering unparalleled privacy and the freedom to customize the estate without restrictive community rules.
With 7,040 square feet of living space, this home provides a massive footprint that would be significantly more expensive and time-consuming to build from scratch in the current high-cost construction market.
The property is positioned as a remodel opportunity, implying that the year-2000 finishes likely require a substantial additional investment to meet modern luxury standards.
The sheer scale of a 7,000+ square foot home on a 5-acre desert parcel entails significant ongoing utility costs and intensive property maintenance requirements.
** $50k towards Buyers' Closing & Loan Costs with Full Price Offer Acceptable to Seller ** A rare basement home opportunity in today's high build-cost market. Motivated Seller. With 5 acres, million-dollar views, and 7,040 sq. ft. already in place, avoid the cost and delays of building new. Buy it, remodel it, and still be ahead of today's cost to build. Positioned at the base of Cave Creek Regional Park with no HOA and horses allowed, the home features soaring ceilings, walls of glass, and a chef's kitchen with Sub-Zero and Dacor appliances. Pocket doors open to a view deck for sunset entertaining, plus a lower level with second primary suite, guest room, and great room with pool access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.5 | 90% |
| Baths | 5.0 | 3.0 | 96% |
| Square foot | 7,040 | 2,282 | 99% |
| Lot Size | 218,356 | 9,262.5 | 99% |
| Price | $2.30M | $502.5K | 98% |
| Price per sq ft | $327 | $272 | 65% |
| Built year | 2000 | 1999 | 57% |
| HOA | $0 | $78 | 23% |
| Days on market | 128 | 2645 | 1% |
May 10, 2026
$2,300,000
$2,375,000
-3% Price Drop
Initial Listing
Apr 19, 2026
$2,375,000
$2,400,000
-1% Price Drop
Initial Listing
Jan 30, 2026
$2,400,000
Initial Listing