5101 E KAREN Drive, Scottsdale, AZ 85254, Scottsdale, 85254 - 3 bed, 3 bath
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Scottsdale, AZ 85254
This property presents a Strong Value Opportunity with a List Price of $1,295,000—positioned well below the $1,377,656 Fair Market Value by 5%. This valuation gap offers $82,656 in Instant Equity for the buyer. Featuring a Condition Rating of 3, this turnkey home includes a Gourmet Kitchen, Resort-Style Backyard with Pool, and Energy-Efficient Windows. Located in the desirable 85254 zip code with no short-term rental restrictions, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5101 E KAREN Drive Subject | $1,295,000* List Price | 3 | 3 | 2,324 | $593 | - |
A 5507 E KINGS Avenue Sold | $1,375,000 | 3 | 2 | 1,980 | $694 | 1.0 mi |
B 5450 E PARADISE Lane Sold | $1,325,000 | 3 | 2 | 1,980 | $669 | 0.8 mi |
C 5720 E MARILYN Road Sold | $1,525,000 | 4 | 2 | 2,231 | $684 | 0.9 mi |
D 5720 E Marilyn Road Sold | $1,525,000 | 4 | 2 | 2,374 | $642 | 0.9 mi |
E 15020 N 54TH Place Sold | $1,160,000 | 4 | 2 | 2,112 | $549 | 0.4 mi |
F 15640 N 55TH Street Sold | $980,000 | 3 | 2 | 2,102 | $466 | 0.6 mi |
G 5720 E Marilyn Road Sold | $1,525,000 | 4 | 3 | 2,416 | $631 | 0.9 mi |
H 5525 E KAREN Drive Active | $910,000 List Price | 3 | 2 | 2,258 | $403 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1983, the property has undergone significant renovations likely within the 5-15 year range. The kitchen is updated with granite countertops and stainless steel appliances, and the home features modern tile flooring, updated energy-efficient windows, and a well-maintained resort-style backyard. It is in turnkey, move-in ready condition.
Located in the highly desirable 85254 zip code with no restrictive short-term rental guidelines and negotiable furnishings, this turnkey property is perfectly positioned as a high-yield investment or vacation home.
Designed by renowned architect Bob McIntyre, the home features unique aesthetic elements including a private gated courtyard with a fountain and a resort-style backyard with travertine decking and a diving pool.
The residence offers significant upgrades such as energy-efficient windows, a gourmet kitchen with granite countertops, and a sought-after main-level primary suite for enhanced accessibility and privacy.
While the elementary school is well-rated, the assigned middle and high schools carry average ratings of 5 and 6, which may be a drawback for families prioritizing top-tier educational performance.
Originally built in 1983, the home may require more frequent maintenance or future updates to its core mechanical systems compared to newer constructions in the Scottsdale area.
Don't miss this rare opportunity to own a beautiful home in the sought after Santiago subdivision of Scottsdale's ''MAGIC'' 85254 zip code. Designed by renowned architect Bob McIntyre, known for creating the iconic Tlaquepaque Arts & Shopping Village in Sedona AZ. This turnkey property is nicely updated and has been operating as an active short-term rental without Scottsdale's restrictive guidelines. Sellers are willing to include all furnishings with the right offer! Ideally situated near premier shopping, golf courses, the Mayo Clinic, and within walking distance to parks and schools. Drive through the modern gates into a charming private courtyard with a beautiful fountain. Inside, you'll find the perfect tile flooring, vaulted ceilings, and updated energy efficient windows throughout. The gourmet kitchen features granite countertops, stainless steel appliances, and a breakfast bar perfect for entertaining. The main-level primary suite provides comfort and privacy, while upstairs offers a spacious loft, two additional bedrooms with bamboo flooring, and a Jack-and-Jill bathroom. The two-car garage includes built-in cabinetry and epoxy flooring. The resort-style backyard is your own private paradise featuring an outdoor kitchen, easy to maintain artificial turf, mature fruit trees, travertine pool decking, and a diving pool designed for Arizona living at its finest.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 0.3 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 2,324 | 2,154 | 62% |
| Lot Size | 9,054 | 10,392 | 30% |
| Price | $1.29M | $0 | 83% |
| Price per sq ft | $557 | $0 | 83% |
| Built year | 1983 | 1983 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 2590 | 1% |
May 15, 2026
$1,295,000
Initial Listing