5341 E PALO BREA Lane, Cave Creek, AZ 85331, Cave Creek, 85331 - 4 bed, 4 bath
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Cave Creek, AZ 85331
This Luxury Turnkey Residence is listed at $1,290,000, representing a stable acquisition at its $1,290,000 Fair Market Value. Boasting an Excellent Condition Rating, this move-in ready home features extensive 2025 high-end updates, including new quartz countertops and luxury vinyl plank flooring. The functional layout offers a rare first-level primary suite, a dedicated theater room, and a resort-style backyard with a pool and mountain views. Located in the gated Montevista community, this property offers a premium lifestyle with sophisticated design. It is an ideal match for Luxury Home Seekers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5341 E PALO BREA Lane Subject | $1,250,000* List Price | 4 | 4 | 3,918 | $319 | - |
A 5721 E RANCHO CALIENTE Drive Sold | $1,575,000 | 4 | 5 | 4,019 | $392 | 0.5 mi |
B 30406 N 54th Street Sold | $940,000 | 3 | 3 | 2,412 | $390 | 0.1 mi |
C 30406 N 54TH Street Sold | $940,000 | 3 | 3 | 2,412 | $390 | 0.1 mi |
D 5530 E OYER Lane Active | $1,545,000 List Price | 5 | 4 | 3,898 | $396 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 2015-built home meets the 'excellent' criteria due to extensive 2025 renovations that bring all major aesthetic components to current market standards. The property features brand-new quartz countertops throughout, updated LED and pendant lighting, and newer luxury vinyl plank flooring with no carpet. The kitchen is modern with a gas cooktop and new backsplash, while the 2019-built pool and travertine decking indicate well-maintained, recent exterior systems. The home is in turn-key condition with no visible deferred maintenance.
The property features extensive 2025 updates, including new quartz countertops throughout, modern LED lighting, and luxury vinyl plank flooring with no carpet, offering a completely turn-key living experience.
The floor plan is exceptionally well-designed, featuring a rare first-level primary suite complemented by a dedicated theater room, a spacious loft, and a flex room to accommodate various lifestyle needs.
The backyard is a premium entertaining space equipped with a 2019-built pool, elegant travertine decking, artificial turf, and a gas fire pit, all set against a backdrop of scenic mountain views.
The association fee of $717 represents a significant recurring carrying cost that may be a consideration for budget-conscious buyers compared to nearby communities with lower fees.
While the primary suite is on the main floor, the placement of three additional bedrooms and the primary recreation spaces upstairs may not appeal to buyers specifically seeking a full single-story lifestyle.
Welcome home to this beautifully updated semi-custom Toll Brothers residence offering an ideal blend of luxury, functionality, and comfort. The desirable floor plan features a first-level primary suite, while upstairs you'll find three additional bedrooms, including an ensuite, plus a flex room perfect for a gym, playroom, office, or whatever fits your lifestyle. A true theater room and spacious loft add even more versatility. The heart of the home is the open kitchen, dining, and living areas—an inviting space with seamless flow that's perfect for everyday living and entertaining. The kitchen features a gas cooktop, oversized island with seating, an extended pantry, and a newly updated backsplash. The backyard is an entertainer's dream with a 2019-built pool, travertine decking, artificial turf, and a linear gas fire pit. Recent 2025 updates include new quartz countertops throughout the entire home, flat LED ceiling lights, and updated pendants and chandeliers. Additional features you'll love: newer LVP flooring with no carpet anywhere, a welcoming gated courtyard, and a 3-car garage. With its warm ambiance, thoughtful layout, and beautifully upgraded finishes, this home invites you to move right in and feel instantly at home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 52% |
| Baths | 4.0 | 3.0 | 83% |
| Square foot | 3,918 | 2,250 | 90% |
| Lot Size | 9,461 | 9,426 | 50% |
| Price | $1.25M | $590.0K | 89% |
| Price per sq ft | $319 | $291 | 58% |
| Built year | 2015 | 1999 | 87% |
| HOA | $717 | $78 | 99% |
| Days on market | 146 | 2382 | 2% |
Apr 19, 2026
$1,250,000
$1,290,000
-3% Price Drop
Initial Listing
Nov 28, 2025
$1,290,000
Initial Listing