4954 E CASCALOTE Drive, Cave Creek, AZ 85331, Cave Creek, 85331 - 4 bed, 3 bath
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Cave Creek, AZ 85331
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $849,000—positioned well below the $1,003,439 Fair Market Value by 15%. This valuation gap provides $154,439 in Instant Equity. Featuring a Condition Rating of 4, the home offers a solid foundation with a new 2025 HVAC system and an expansive 29,862 sqft lot. While interior cosmetic updates are required, the property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build significant long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4954 E CASCALOTE Drive Subject | $849,000* List Price | 4 | 3 | 3,056 | $328 | - |
A 30609 N 47TH Place Pending | $1,075,000 List Price | 4 | 3 | 3,008 | $357 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995 (29 years old), the home is well-maintained but features dated original finishes, particularly in the bathrooms which still have carpet and 90s-era cabinetry. While the HVAC system is excellent (replaced in 2025) and the pool is updated, the interior requires cosmetic modernization to move beyond its original 20+ year old state.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29862, living area = 3056.
Situated on nearly 3/4 of an acre at the end of a quiet cul-de-sac, this property offers exceptional privacy and one of the largest lots in the Tatum Ranch development.
The backyard is fully optimized for the Arizona lifestyle, featuring an updated Pebble Tec pool, outdoor fireplace, putting green, and scenic mountain views.
The property is noted as an opportunity for personalization, suggesting that interior finishes may be dated and require additional investment to meet modern aesthetic standards.
The significant lot size combined with extensive backyard amenities like a pool and putting green will necessitate higher-than-average ongoing maintenance costs and effort.
Located on a quiet cul-de-sac in Tatum Ranch, this well-maintained home sits on nearly 3/4 of an acre, offering one of the larger lots in the development with room to enjoy both privacy and open space. The backyard takes full advantage of the setting, featuring an updated Pebble Tec pool, outdoor fireplace, putting green, and mountain views that provide a beautiful backdrop throughout the day. Inside, the flexible floor plan includes a desirable main-level primary suite, a spacious great room with a gas fireplace, plantation shutters, and easy access to the backyard. Upstairs are three additional bedrooms plus a large bonus room that can serve as a fifth bedroom, office, media room, or playroom. The home has been well cared for and presents an opportunity for a new owner to update and personalize it over time, while enjoying an exceptional lot and desirable floor plan. 15 SEER Trane HVAC replacement done in 2025 with new app-controlled thermostats. Conveniently located near Tatum Ranch Golf Club, Desert Ridge, Scottsdale, and the shopping, dining, and character that make Cave Creek such a special place to call home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,056 | - |
| Lot Size | 29,862 | - |
| Price | $849.0K | $800.0K |
| Price per sq ft | $278 | $353 |
| Built year | 1995 | 0 |
| HOA | $107 | $0 |
| Days on market | 27 | 3149 |
Jun 25, 2026
$849,000
Initial Listing