
Phoenix, AZ 85018
This Modernized Arcadia Lite Residence is a Strong Value Opportunity, listed at $849,500—positioned well below the $939,650 Fair Market Value by 9%. This valuation gap provides $90,150 in Instant Equity. Boasting a Condition Rating of 2, the home features a high-end remodel with a waterfall-edge island and a newly built pool with Camelback Mountain views. Located near Old Town Scottsdale, it balances luxury living with significant financial upside. This is an ideal match for Owner-Occupants or Lifestyle-Driven Buyers seeking a turnkey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5328 E VERDE Lane Subject | $849,500* List Price | 3 | 2 | 1,742 | $539 | - |
A 3830 N 48TH Place N Sold | $719,000 List Price | 3 | 2 | 1,800 | 1.0 mi | |
B 4842 E FAIRMOUNT Avenue Sold | $810,000 List Price | 3 | 2 | 1,772 | 1.0 mi | |
C 5038 E EARLL Drive Pending | $1,100,000 List Price | 3 | 2 | 1,772 | $621 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1955 home has undergone a comprehensive, high-end remodel within the last few years. The kitchen features a modern waterfall-edge island and stainless steel appliances, while the bathrooms have been fully updated with contemporary finishes. The addition of a newly built pool and reimagined landscaping confirms the property is in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9021, living area = 1742.
The home features a comprehensive interior renovation, highlighted by an open-concept kitchen with an oversized waterfall-edge island and designer finishes, offering a sophisticated, move-in-ready experience.
A newly constructed pool, reimagined landscaping, and a built-in BBQ station paired with stunning views of Camelback Mountain create a superior outdoor entertaining space.
The assigned public schools carry ratings between 5 and 6, which may be a drawback for families specifically seeking top-tier educational districts.
At 1,742 square feet, the home is relatively modest in size for its price point, resulting in a high price-per-square-foot that may challenge buyers seeking more interior volume.
Situated in the desirable Arcadia Lite community, this spacious, fully remodeled home offers an exceptional blend of comfort, style, and convenience in one of Scottsdale's most central locations. Just minutes from Paradise Valley, Old Town Scottsdale, premier dining, shopping, golf, and with easy access to the Loop 101, Sherwood Towne is known for its quiet streets, established character, and proximity to everything the area has to offer. This thoughtfully updated residence showcases an open-concept floor plan designed for both everyday living and entertaining. Upon entry, you're welcomed into a light-filled space anchored by an oversized waterfall-edge island with ample seating and storage. This kitchen features a full wall of cabinetry, stainless steel appliances, and designer pendant lighting, seamlessly flowing into both the great room and formal dining area. The dining space easily accommodates large gatherings, while the great room is centered around a beautiful fireplace and opens through French doors to the covered patio. The split layout enhances functionality and privacy. One wing features a generously sized guest bedroom with direct patio access. On the opposite side, a dedicated office also opens to the outdoor space, creating flexibility for work or relaxation. The guest bathroom has been fully remodeled with a walk-in shower, new tile, dual vanities, updated lighting, and mirrors. The primary suite offers a serene retreat, complete with a newly renovated bathroom featuring a walk-in shower, updated vanity, and modern finishes. A well-appointed laundry room with abundant built-in storage adds everyday convenience. Outdoor living is equally impressive. The backyard has been completely reimagined with new landscaping and a newly built pool, all set against beautiful views of Camelback Mountain. The lush, covered patio provides an inviting setting with a built-in BBQ and generous counter space, perfect for entertaining or enjoying Arizona evenings. This is a rare opportunity to own a move-in-ready home in a prime location with thoughtful upgrades throughout. A perfect home for those seeking a convenient location, generous space, a new pool, and stunning mountain views.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 36% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,742 | 2,705 | 17% |
| Lot Size | 9,021 | 9,936 | 40% |
| Price | $849.5K | $1.15M | 42% |
| Price per sq ft | $488 | $473 | 53% |
| Built year | 1955 | 1961 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 1536 | 0% |
Apr 21, 2026
$849,500
Initial Listing