
Scottsdale, AZ 85251
This Remodeled Old Town Townhouse is a High-Potential Investment Opportunity with a List Price of $519,000—positioned well below the $731,642 Fair Market Value by 29%. This significant valuation gap provides $212,642 in Instant Equity. Featuring a Condition Rating of 2, the home includes a Granite Kitchen, Dual-Pane Windows, and a Private Patio near Scottsdale Fashion Square and Mohave Middle School. With no rental restrictions and Short-Term Rental eligibility, it balances lifestyle luxury with high-yield potential. This is an ideal acquisition for Short-Term Rental Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4209 N MILLER Road Subject | $519,000* List Price | 3 | 3 | 1,704 | $429 | - |
A 4308 N PARKWAY Avenue Sold | $562,500 | 3 | 3 | 1,650 | $341 | 0.1 mi |
B 4830 N 74TH Place Sold | $585,000 | 3 | 2 | 1,702 | $344 | 0.7 mi |
C 8375 E INDIAN SCHOOL Road Sold | $485,000 | 3 | 3 | 1,608 | $302 | 0.9 mi |
D 7637 E THORNWOOD Drive Sold | $450,000 List Price | 3 | 3 | 1,890 | 0.7 mi | |
E 4354 N PARKWAY Avenue Sold | $530,000 | 2 | 3 | 1,656 | $320 | 0.2 mi |
F 7803 E MACKENZIE Drive Active | $629,000 List Price | 3 | 2 | 1,876 | $335 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1967, the property has undergone an extensive recent remodel and is presented in turnkey condition. Key features include a modernized kitchen with granite countertops, fully renovated bathrooms with oversized tiled showers and double sinks, updated wood-look flooring, dual-pane windows, and recessed lighting. The property shows no signs of deferred maintenance and meets current quality standards for a high-end rental or primary residence.
The property permits short-term rentals with no restrictions, offering an exceptional opportunity for investors in a high-demand tourism hub.
Boasting a high walkability factor, the home is moments away from Scottsdale Fashion Square, the Waterfront district, and premier dining and entertainment.
The townhome features a modernized kitchen with granite countertops and fully updated bathrooms, including a primary suite with a large walk-in shower.
Originally built in 1967, the property may have underlying aging systems or structural elements typical of older developments despite cosmetic renovations.
The residence offers a two-car carport rather than a private garage, which may be a disadvantage for buyers seeking maximum security or climate-controlled vehicle storage.
No rental restrictions and short term rentals are permitted, creating an exceptional opportunity in the heart of Old Town Scottsdale. This beautifully remodeled and meticulously maintained 3 bedroom, 2.5 bath townhome offers the rare combination of lifestyle, walkability, and investment flexibility. Whether used as a primary residence, secondary home, or investment property, the location places you just moments from Scottsdale Fashion Square and the Waterfront district with easy access to the best shopping, dining, and entertainment Scottsdale has to offer. The property can also be sold furnished, creating a true turnkey opportunity. As an added benefit, the HOA has been prepaid for the 2026 calendar year. The main level features a remodeled kitchen with granite countertops, breakfast bar seating, pantry storage, and a dining area that opens to the living space. A spacious covered patio with mature citrus provides a private setting to relax or entertain. A powder bath, interior laundry, and additional storage complete the downstairs layout. Upstairs, the primary suite includes a fully remodeled bath with double sinks, an oversized tiled walk in shower, and a generous walk in closet. Two additional bedrooms and an updated guest bathroom offer comfortable space for family or guests. Dual pane windows are installed throughout. A two car carport and private storage shed are located directly behind the patio. Residents of Casa Granada enjoy a large community pool, expansive green spaces, and walking paths, all within a location that continues to hold strong long term value.
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 64% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,704 | 1,569.5 | 68% |
| Lot Size | 1,729 | 1,729 | 50% |
| Price | $519.0K | $295.0K | 79% |
| Price per sq ft | $305 | $222 | 66% |
| Built year | 1967 | 1969 | 36% |
| HOA | $255 | $450 | 27% |
| Days on market | 62 | 2230 | 2% |
Feb 19, 2026
$519,000
Initial Listing