
Cave Creek, AZ 85331
Analysis of 40564 N 50TH Street, Cave Creek, AZ 85331 is currently available with a list price of $1,749,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Built in 2022, this property meets the highest quality standards for a new construction home. The interior features premium finishes including a built-in Wolf coffee system, wine refrigeration, modern walnut-style cabinetry, and large-format tile flooring. Bathrooms are contemporary with floating vanities, backlit mirrors, and high-end glass-enclosed showers. As a recently completed build with a Certificate of Occupancy, all systems and components are new with no physical depreciation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 218718, living area = 3453.
Situated on five acres of natural desert terrain with no HOA, this property offers exceptional privacy, horse property potential, and ample space for future expansion or a custom casita.
Built in 2022, the home features a split primary suite and a separate 526 sq. ft. basement unit, providing excellent flexibility for guests, a home office, or multi-generational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3453, other record living area = 4207.
The reliance on a shared well rather than municipal water may require collaborative maintenance with neighbors and can be a point of concern for certain buyers.
The description suggests the property is a 'work in progress' regarding landscaping and outdoor living areas, likely requiring significant additional investment to fully realize its potential as a desert retreat.
Five private acres in the Cave Creek foothills. No HOA. Open desert, expansive mountain views, and the kind of stillness people move to Arizona to find. This newly built contemporary sits on over five acres of natural desert terrain and offers something increasingly rare in the Valley: meaningful land, a sense of privacy, and a home that is ready to live in now while still leaving room to make it your own. The main level is move-in ready, featuring three bedrooms, two and a half baths, wide plank wood and tile flooring, quartz countertops, a walk-in pantry, gas range, and a split primary suite designed for quiet separation. A gas fireplace anchors the main living space, and a covered patio opens the home to the surrounding desert. With its own exterior entrance, a separate 526 square foot basement unit includes a bedroom and plumbing in place for a kitchenette and bathroom, ready for a buyer to complete to their own specifications. Guest suite, office, studio, home gym, or additional living space, the structure is in place, offering flexibility for how the home evolves over time. The property offers horse potential and usable acreage for a future pool, guest house, barn, garage, or expanded outdoor living. A shared well, owned propane tank, and newly installed septic system are already in place. A Certificate of Occupancy has been issued, and major systems were updated in 2024, including roof, plumbing, electrical, and HVAC. Located minutes from the heart of Cave Creek and a short drive to North Scottsdale, this is a property for the buyer who wants land, views, and the opportunity to shape a home around their life. Buyer to verify all material facts, including square footage, permits, utilities, and intended use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 4.0 | 3.0 | 81% |
| Square foot | 3,453 | 2,282 | 84% |
| Lot Size | 218,718 | 9,262.5 | 99% |
| Price | $1.75M | $502.5K | 97% |
| Price per sq ft | $507 | $272 | 94% |
| Built year | 2022 | 1999 | 98% |
| HOA | $0 | $78 | 23% |
| Days on market | 109 | 2645 | 1% |
May 7, 2026
$1,749,000
$1,949,000
-10% Price Drop
Initial Listing
Feb 18, 2026
$1,949,000
Initial Listing
Mar 26, 1999
$160,000
Public Record