42402 N LA PLATA Road, Cave Creek, AZ 85331, Cave Creek, 85331 - 3 bed, 3 bath
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Cave Creek, AZ 85331
This property presents a High-Potential Investment Opportunity with a List Price of $849,000—positioned well above the $828,732 Fair Market Value by -2%. While the property requires a full renovation given its Condition Rating of 5, the 1.6-acre lot and Spectacular Mountain Views provide a rare foundation for forced appreciation. The expansive lot size offers significant upside for a custom desert retreat. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a high-value project in the prestigious Tonto Hills community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42402 N LA PLATA Road Subject | $849,000* List Price | 3 | 3 | 2,852 | $291 | - |
A 43001 N HO HO KAM Road Active | $675,000 List Price | 3 | 2 | 2,880 | $234 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976 and described as an 'original' build, the property requires substantial rehabilitation to meet modern standards. The interior features dated Saltillo tile, old carpeting, and 1970s-style brick walls. The bathroom shows original tiled countertops and vanities, and the listing description explicitly suggests a total transformation is needed, indicating significant deferred updates to major systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 72800, living area = 2852.
Situated in the prestigious Tonto Hills community, the property boasts breathtaking, unobstructed views of the desert, mountains, and local golf course.
With over 1.6 acres of land, this property offers a rare level of privacy and significant outdoor space, perfect for creating a secluded desert retreat.
Built in 1976 and described as an original, the home likely requires comprehensive updates to its finishes and systems to meet modern luxury standards.
The scale of the property and its vintage state suggest that a full transformation will require a significant additional investment of time and capital.
Priced to sell! Rare opportunity to live in the highly desired Tonto Hills community with endless views. Transform this original into the home of your dreams where you will enjoy privacy and spectacular views of the golf course and desert, while just mintues away from all the shopping, dining, and resort lifestyle Cave Creek and Carefree have to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,852 | 2,282 | 66% |
| Lot Size | 72,800 | 9,262.5 | 94% |
| Price | $849.0K | $502.5K | 76% |
| Price per sq ft | $298 | $272 | 56% |
| Built year | 1976 | 1999 | 3% |
| HOA | $300 | $78 | 91% |
| Days on market | 58 | 2645 | 1% |
May 3, 2026
$849,000
$899,900
-6% Price Drop
Initial Listing
Apr 10, 2026
$899,900
Initial Listing