7729 E RANCHO VISTA Drive, Scottsdale, AZ 85251, Scottsdale, 85251 - 2 bed, 2 bath
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Scottsdale, AZ 85251
This Villa Monterey Townhouse represents a High-Potential Investment Opportunity with a List Price of $474,900—positioned well below the $728,446 Fair Market Value by 34%. This significant valuation gap provides $253,546 in Instant Equity for buyers ready to complete the modernization. Featuring a Condition Rating of 4 with a new waterfall stone island and rear covered patio, the property offers massive upside in a prime 55+ community near Pueblo Elementary. This is a premier acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7729 E RANCHO VISTA Drive Subject | $474,900* List Price | 2 | 2 | 1,440 | $506 | - |
A 4938 N 78TH Street Sold | $500,000 | 2 | 2 | 1,440 | $347 | 0.1 mi |
B 4830 N 74TH Place Sold | $585,000 | 3 | 2 | 1,782 | $328 | 0.3 mi |
C 4938 N 78TH Street Sold | $500,000 | 2 | 2 | 1,440 | $347 | 0.1 mi |
D 4938 N 78TH Street Sold | $500,000 | 2 | 2 | 1,440 | $347 | 0.1 mi |
E 7527 E RANCHO VISTA Drive Sold | $575,000 | 2 | 2 | 1,456 | $395 | 0.3 mi |
F 7651 E COOLIDGE Street Sold | $349,000 List Price | 2 | 2 | 1,127 | 0.2 mi | |
G 4630 N 76TH Place Active | $475,000 List Price | 2 | 2 | 1,316 | $361 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is in a state of partial renovation, featuring a mix of modern updates and significantly outdated elements. While the main living areas have been improved with new wood-look tile flooring, recessed lighting, and a high-end waterfall stone island, the kitchen remains in a largely original or dated condition with old cabinetry, coil-top appliances, and carpeted floors. The listing description explicitly mentions 'future potential' and 'upside,' indicating that while the home is functional, it requires further investment to complete the modernization of key areas like the kitchen and likely the bathrooms.
Situated in the highly desirable Villa Monterey 55+ community, this property offers exceptional proximity to Old Town Scottsdale's world-class dining, shopping, and entertainment.
The home features modern enhancements including a unique waterfall leather-finish island, newer flooring, and updated sliding glass doors, providing a stylish head start on renovations.
With 1,440 square feet, an oversized carport, and an interior laundry room, the layout provides a spacious and practical foundation that is often superior to standard units in the area.
The 55+ age restriction limits the potential buyer pool to a specific demographic, which can impact long-term resale flexibility compared to non-restricted subdivisions.
Described as having 'miscellaneous remodeling' and 'future' potential for the kitchen, the property likely requires additional capital investment and construction to achieve a fully finished, cohesive look.
Excellent Buyer Opportunity in 55+ age restricted Villa Monterey! Location, Location, Location! So much upside and future potential. Misc remodeling completed by former mortgagor! Large ''waterfall leather like finish'' island for future kitchen or wet bar, rear bonus room with newer updated sliding doors & flooring, ceiling lights, inside laundry room, oversize carport, 2 bedroom 2 bath design, rear covered patio & patio, skylights, and more! Submit all offers for Seller review and approval.
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 1.7 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,440 | 1,547 | 45% |
| Lot Size | 3,880 | 1,738 | 66% |
| Price | $474.9K | $295.0K | 71% |
| Price per sq ft | $330 | $222 | 77% |
| Built year | 1963 | 1969 | 20% |
| HOA | $690 | $475 | 71% |
| Days on market | 24 | 2230 | 2% |
Mar 29, 2026
$474,900
Initial Listing