
Cave Creek, AZ 85331
This Southwest Contemporary Desert Retreat is a High-Potential Investment Opportunity with a List Price of $725,000—positioned well below the $834,009 Fair Market Value by 13%. This valuation gap provides $109,009 in Instant Equity. While maintaining a Fair Condition Rating with its original 1997 interior, the home features a massive 29,070 Sq. Ft. Lot, Black Mountain Views, and no HOA. Its energy-efficient design and single-level layout offer a solid foundation for modernization. This is an ideal acquisition for Owner-Occupants seeking a value-buy or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6030 E Blue Ridge Drive Subject | $725,000* List Price | 3 | 2 | 1,992 | $419 | - |
A 37426 N ARBUSCULA Drive Sold | $690,000 | 3 | 2 | 1,504 | $459 | 0.1 mi |
B 6035 E BLUE RIDGE Drive Active | $815,000 List Price | 2 | 3 | 2,066 | $394 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1997 and appears to retain most of its original interior features, including Saltillo tile flooring, dated brass light fixtures, and older-style ceiling fans. While the home is well-maintained with a recently painted exterior and a new water heater, the interior finishes in the living areas and bedrooms show signs of being outdated. The property fits the 'fair' criteria as it is over 20 years old with no major interior renovations, though it remains functional through regular upkeep.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29070, living area = 1992.
Priced below a recent appraisal and originally custom-built by a quality builder for personal use, this property offers superior construction standards and immediate equity potential.
The expansive 29,070 sq. ft. lot provides significant privacy and freedom from restrictive association rules, all while offering iconic views of Black Mountain.
With a 1997 build date, some interior features and finishes may require modernization to appeal to buyers seeking a fully updated contemporary aesthetic.
The property is currently 'Active Under Contract,' which limits immediate availability for new buyers and may require a backup position to secure the home.
Exceptional opportunity in beautiful Cave Creek! This great value is priced below recent appraisal. Quality builder's own property with no HOA. The rare find on a huge lot incorporates many energy saving features and has an enviable location at the base of iconic Black Mtn. The southwest contemporary design, with high ceilings, Saltillo tile and massive beams, beautifully captures the views and includes a spacious primary suite and 2 additional bedrooms with no interior steps! Extra insulation and north/south orientation reduce utility bills. Recently painted exterior and new water heater just installed. Hidden Valley is a sought after neighborhood close to all the shopping, dining and fun events of Cave Creek/Carefree. Enjoy nearby trails for hiking, biking and wildlife watching.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 39% |
| Square foot | 1,992 | 2,250 | 30% |
| Lot Size | 29,070 | 9,335.5 | 73% |
| Price | $725.0K | $590.0K | 65% |
| Price per sq ft | $364 | $290 | 73% |
| Built year | 1997 | 1999 | 44% |
| HOA | $0 | $78 | 24% |
| Days on market | 16 | 2376 | 1% |
Apr 6, 2026
$725,000
Initial Listing