5532 E CROCUS Drive, Scottsdale, AZ 85254, Scottsdale, 85254 - 5 bed, 5 bath
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Scottsdale, AZ 85254
This Luxury Resort-Style Estate represents a stable acquisition listed at $3,950,000, aligning precisely with its $3,950,000 Fair Market Value. Following an extensive high-end renovation, the property maintains an Excellent Condition Rating and features a custom designer kitchen, mountain views, and a resort-style backyard with a heated pool, spa, and full-size tennis court. Situated on nearly an acre with No HOA, this property is a proven six-figure income-producing asset. It is a premier choice for Luxury Owner-Occupants or Short-Term Rental Investors seeking a turnkey, high-yield trophy property.
Property is new construction or fully renovated.
Although originally built in 1985, the property has undergone an extensive, high-end renovation within the last 5 years, bringing it to current luxury standards. The interior features a custom designer kitchen with a luxury appliance package, modern wide-plank wood flooring, updated spa-style bathrooms, and contemporary light fixtures. All visible components, including the resort-style outdoor amenities and custom cabinetry, appear virtually new with no signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 35123, living area = 5003.
The sprawling estate features a full-size tennis court, heated pool, hot tub, and putting green, offering a premier luxury resort experience in a private setting.
Marketed as a six-figure income-producing property, this luxury retreat is a turnkey opportunity for investors seeking high-yield short-term rental assets.
Despite luxury finishes, the 1985 original construction date may imply older underlying mechanical or structural components compared to modern luxury builds.
The extensive array of outdoor features and large square footage will result in substantial ongoing maintenance and utility costs for the owner.
SIX FIGURE INCOME PRODUCING PROPERTY. This luxury retreat features 5 beds, 4.5 baths, office, and full basement. Set on a sprawling estate lot this property is only minutes from Scottsdale's top attractions. This home showcases some of the finest interior finishes and outdoor amenities you can find in Scottsdale. The open concept great room has and inviting living area and both a casual and formal dining. The custom kitchen lies at the heart of the home and is fully equipped with a luxury appliance package, broad island and custom walk-through pantry. Primary suite features a fireplace, seating area, large walk-in closet and a stunning spa-bathroom. The expansive outdoor space is a must see with a huge heated pool, hot tub, full-size tennis court, putting green and play structure. No HOA
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 85% |
| Baths | 5.0 | 2.0 | 98% |
| Square foot | 5,003 | 2,221.5 | 98% |
| Lot Size | 35,123 | 10,250.5 | 94% |
| Price | $3.95M | $705.0K | 98% |
| Price per sq ft | $790 | $367 | 98% |
| Built year | 1985 | 1984 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 419 | 2218 | 25% |
Feb 28, 2025
$3,950,000
Initial Listing