
Cave Creek, AZ 85331
Analysis of 40564 N 50TH Street, Cave Creek, AZ 85331 is currently available with a list price of $1,949,000. 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 foothills of Cave Creek, AZ, where mornings begin slowly, coffee in hand, with the soft sound of quail calling in the distance and the desert waking around you. By evening, the mountains glow in warm light, creating the kind of backdrop that defines Cave Creek homes with views and land. This newly built 4 bed, 3.5 bath home offers a rare blend of immediate livability and long-term potential. With a Certificate of Occupancy in place, you can settle in right away while continuing to shape the home and property to match your vision. The layout features a split primary suite and a separate basement unit, well-suited for guests, workspace, or additional flexibility, adding 526 sq ft of living space. Set on five acres, the property offers the space and versatility often associated with Cave Creek acreage, Cave Creek homes with land, and Cave Creek horse property. There is potential room to build a casita, expand outdoor living areas, or further enhance the setting into a custom desert retreat. Privacy here is defined by space and stillness. Neighboring homes are spread across large parcels, creating a quiet, open environment without the need for walls or density. Minimal traffic and little to no road noise allow the natural desert setting to take center stage. Located just minutes from the heart of Cave Creek, AZ, and within close proximity to North Scottsdale, the property offers a balance of privacy, land, and open space with convenient access to dining, shopping, and everyday amenities. Served by electric, a shared well, and a newly installed septic system, the property features natural desert terrain with usable areas for future expansion, subject to buyer verification. For those seeking homes with acreage in Cave Creek, AZ, or a property with land, views, and long-term flexibility, this is a rare opportunity to own a beautiful home while continuing to shape the property over time.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 52% |
| Baths | 4.0 | 3.0 | 83% |
| Square foot | 3,453 | 2,250 | 86% |
| Lot Size | 218,718 | 9,426 | 99% |
| Price | $1.95M | $590.0K | 97% |
| Price per sq ft | $564 | $291 | 96% |
| Built year | 2022 | 1999 | 99% |
| HOA | $0 | $78 | 24% |
| Days on market | 63 | 2381 | 1% |
Feb 18, 2026
$1,949,000
Initial Listing
Mar 26, 1999
$160,000
Public Record