43001 N HO HO KAM Road, Cave Creek, AZ 85331, Cave Creek, 85331 - 3 bed, 2 bath
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Cave Creek, AZ 85331
This property presents a Strong Value Opportunity with a List Price of $675,000—positioned well below the $734,847 Fair Market Value by 8%. This valuation gap offers $59,847 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a full renovation, yet offers unobstructed 360-degree panoramic mountain views and a massive 61,057 sqft lot. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a significant value-add project in Tonto Hills.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 43001 N HO HO KAM Road Subject | $675,000* List Price | 3 | 2 | 2,880 | $255 | - |
A 42402 N LA PLATA Road Active | $849,000 List Price | 3 | 3 | 2,852 | $298 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1985 (39 years old), the property is marketed as a major rehab project or potential tear-down. The description mentions uninstalled windows and flooring, suggesting the interior is currently unfinished or in significant disrepair, requiring a full renovation to be livable.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 61057, living area = 2880.
Situated at one of the highest points in Tonto Hills at 3,500 ft elevation, the property offers unparalleled panoramic views of Four Peaks, Weaver's Needle, and the Superstition Mountains.
The high-elevation location provides a significant lifestyle advantage with temperatures consistently 10-15 degrees cooler than the valley floor, offering relief during peak summer months.
The home currently requires significant work, as evidenced by uninstalled windows and flooring, which may complicate traditional financing and require immediate capital for completion.
Given the 1985 construction and the listing's suggestion to 'remove the current home,' the existing structure may have reached the end of its economic life, potentially adding demolition costs to the project.
VIEWS, VIEWS VIEWS from one of the highest lots in the Tonto Hills at apprx. 3500 ft elevation! 360 degree views include Four Peaks, Weaver's Needle, Superstitions, & the boulder laden mountainside of Apache Peak. Whether you are looking to take advantage of the current structure and available materials (uninstalled newer windows, flooring included) or remove the current home and build your own vision, this higher elevation location is rare. Temperatures are consistently 10-15 degrees cooler than the valley. Tonto Hills has the unique world's largest concrete kachina at its entrance, home to the famous Raven's View Wine Bar. Located in unincorporated Maricopa County w/ a THIA (Tonto Hills Improvement Association) You'll be singing ''I can see for miles and miles'' after your visit here.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 2,880 | 2,282 | 69% |
| Lot Size | 61,057 | 9,262.5 | 92% |
| Price | $675.0K | $502.5K | 64% |
| Price per sq ft | $234 | $270 | 48% |
| Built year | 1985 | 1999 | 7% |
| HOA | $300 | $78 | 91% |
| Days on market | 25 | 2644 | 1% |
May 12, 2026
$675,000
Initial Listing
Mar 21, 2000
$440,000
Public Record