5002 N 38TH Place, Phoenix, AZ 85018, Phoenix, 85018 - 5 bed, 3 bath
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Phoenix, AZ 85018
This Modern Luxury Arcadia Residence is a Strong Value Opportunity, listed at $1,350,000—positioned well below the $1,447,265 Fair Market Value by 6%. This valuation gap offers $97,265 in Instant Equity. Boasting a Condition Rating of 2, the home features dual master suites, a resort-style Pebble-Tec pool and spa, and designer finishes. Located near Biltmore Preparatory Academy and blocks from Old Town Scottsdale, it balances a premier lifestyle with high-yield potential. This is an elite acquisition for Owner-Occupants or Vacation Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5002 N 38TH Place Subject | $1,350,000* List Price | 5 | 3 | 2,823 | $513 | - |
A 3335 E MARIPOSA Street Sold | $1,300,000 | 4 | 3 | 2,650 | $491 | 0.6 mi |
B 3429 E COOLIDGE Street Sold | $1,620,000 | 4 | 3 | 2,825 | $573 | 0.6 mi |
C 3429 E COOLIDGE Street Sold | $1,620,000 | 4 | 4 | 3,021 | $536 | 0.6 mi |
D 3335 E MARIPOSA Street Sold | $1,300,000 | 4 | 3 | 2,613 | $498 | 0.6 mi |
E 4702 N 33RD Place Sold | $969,000 List Price | 4 | 4 | 2,561 | 0.6 mi | |
F 3433 E MEADOWBROOK Avenue Sold | $990,000 List Price | 3 | 3 | 2,157 | 0.7 mi | |
G 3415 E CAMELBACK Road Active | $950,000 List Price | 5 | 4 | 2,829 | $336 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1963, this property has undergone a comprehensive, high-end designer renovation within the last 5 years. The interior features modern polished concrete flooring, a gourmet kitchen with premium stainless steel appliances and contemporary cabinetry, and spa-style bathrooms with freestanding soaking tubs and floating vanities. The exterior is equally well-maintained with a resort-style Pebble-Tec pool and updated landscaping, meeting the criteria for a fully renovated property with no deferred maintenance.
Situated in the highly desirable Arcadia Camelback Villa Estates, the property is just five blocks from Old Town Scottsdale's world-class dining, shopping, and nightlife.
The rare dual-master suite configuration and dual kitchen spaces offer exceptional flexibility for multi-generational living or high-yield short-term rental opportunities.
The backyard features a heated Pebble-Tec pool, spa, and multicolor light fountain, providing a private, luxury entertaining space that is essential for the Phoenix market.
The assigned high school has a low rating of 3/10, which may deter families who prioritize top-tier public education for their children.
While beautifully remodeled, the original 1963 construction may present maintenance challenges or aging infrastructure common in older homes compared to modern builds.
RATE BUYDOWN w/ SELLER CREDIT to 4.75 - 5.75% range. REDUCE your mortgage payments for the first 2 years! WELCOME to this stunning 5-bedroom, 3.5-bathroom designer residence offering over 2,800 sq. ft. of modern luxury living in the highly desirable Arcadia Camelback Villa Estates that sits just 5 blocks from world-famous Old Town Scottsdale and its vibrant dining, nightlife, and shopping scene. This unique property is designed to impress both homeowners and investors with a rare dual-master suite layout, a spacious split floor plan, and resort-style outdoor amenities. Modern Luxury Arcadia Home - Dual Master Suites & Resort-Style Living Welcome to this stunning 5-bedroom, 3.5-bathroom designer residence offering over 2,800 sq. ft. of modern luxury living in the highly desirable Arcadia Camelback Villa Estates--just 5 blocks from world-famous Old Town Scottsdale and its vibrant dining, nightlife, and shopping scene. This unique property is designed to impress both homeowners and investors with a rare dual-master suite layout, a spacious split floor plan, and resort-style outdoor amenities. Two Master Suites - Located on opposite wings of the home, each with private spa-style bathrooms featuring soaking tubs, walk-in showers, and direct pool access. Gourmet Kitchens - Dual kitchen spaces open into a sunken living room, creating seamless indoor-outdoor entertaining flow. Resort Backyard - Heated Pebble-Tec pool & spa, multicolor light fountain, lush mature landscaping, multiple lounge areas, and a large covered patio offering total privacy. Additional Features - Wine fridge, built-in laundry cabinetry, spacious 2- car garage, and beautifully updated designer finishes throughout. Prime Location: Nestled in Arcadia, one of Scottsdale's most sought-after neighborhoods, the property is minutes from Camelback Mountain hiking, high-end restaurants, boutique shopping, and some of Arizona's most exciting breweries and entertainment. Investor Appeal: With its fully remodeled interiors, dual kitchens, multiple en-suite bedrooms, and resort backyard, this home is a turnkey furnished rental opportunity. Its proximity to Old Town makes it highly desirable for short-term rental guests seeking upscale Scottsdale experiences--offering strong cash flow potential from day one. This home blends luxury family living with exceptional investment potential. Whether you're seeking a forever home in the heart of Scottsdale or a profitable fully furnished turnkey asset in Arizona's hottest rental market, this property delivers.
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 81% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,823 | 2,715 | 54% |
| Lot Size | 10,145 | 9,936 | 52% |
| Price | $1.35M | $1.20M | 58% |
| Price per sq ft | $478 | $473 | 51% |
| Built year | 1963 | 1961 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 1537 | 0% |
Mar 12, 2026
$1,350,000
Initial Listing