8237 E CHAPARRAL Road, Scottsdale, AZ 85250, Scottsdale, 85250 - 5 bed, 3 bath
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Scottsdale, AZ 85250
This High-Potential Investment Opportunity is a turnkey Short-Term Rental Asset listed at $1,190,000, positioned slightly above the $1,177,473 Fair Market Value. Featuring a 5-bed/3-bath layout with a separate guest house, heated pool, and spa, the property maintains a Condition Rating of 2 following comprehensive renovations. Its proven track record of 122 five-star reviews and prime Old Town Scottsdale location ensure immediate revenue generation. This is a strategic acquisition for Buy-and-Hold Investors or Passive Income Seekers prioritizing a verified, high-performing vacation rental.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8237 E CHAPARRAL Road Subject | $1,190,000* List Price | 5 | 3 | 2,517 | $468 | - |
A 5325 N 83RD Place Sold | $1,175,000 | 4 | 4 | 2,528 | $465 | 0.4 mi |
B 8614 E Jackrabbit Road Sold | $850,000 List Price | 3 | 2 | 2,300 | 0.7 mi | |
C 8226 E JACKRABBIT Road Sold | $1,035,000 | 6 | 4 | 2,992 | $346 | 0.5 mi |
D 8113 E ARLINGTON Road Sold | $840,000 | 3 | 3 | 1,858 | $452 | 0.6 mi |
E 8525 E PASADENA Avenue Active | $999,800 List Price | 7 | 5 | 2,614 | $382 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1961, the property has undergone a comprehensive renovation within the last 5 years. The kitchen features modern dark shaker cabinetry, granite countertops, and stainless steel appliances. Bathrooms have been fully updated with contemporary tile work and fixtures. Systems, including the HVAC units and pool equipment, appear modern and well-maintained, fitting the 'mint condition' criteria for a turnkey investment.
As a turnkey Airbnb with 122 five-star reviews, this property offers a verified income stream and immediate ROI for investors looking to enter the Scottsdale short-term rental market.
The separate 1-bed/1-bath guest house complements the 4-bedroom main residence, significantly increasing occupancy capacity and appeal for large group bookings.
Located near Old Town Scottsdale with no association fees, the property provides maximum operational freedom and high tenant demand without the burden of monthly HOA costs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1961, the property may have aging underlying systems that require more frequent maintenance or capital improvements compared to newer constructions.
The 8,878 sqft lot is relatively compact for a $1.19M price point, especially when accommodating both a main house, guest house, and pool, which may limit outdoor privacy.
This fully furnished Old Town Scottsdale STR/Airbnb is a proven income-producing vacation rental and one of the most loved homes on Airbnb, featuring 122 flawless 5-star reviews. The property includes a spacious 4 bed / 2 bath main house plus a separate 1 bed / 1 bath guest house, offering the ideal setup for large groups and maximizing rental potential. The resort-style backyard is built for entertaining, complete with a heated pool, spa, and covered patio. Guests consistently rave about the home's thoughtful amenities, spacious layout, and unbeatable location close to Old Town's top dining, shopping, and nightlife. Investors: step into a truly turnkey opportunity and start generating revenue from day one.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 94% |
| Baths | 3.0 | 2.0 | 65% |
| Square foot | 2,517 | 2,148 | 71% |
| Lot Size | 8,878 | 7,555 | 81% |
| Price | $1.19M | $600.0K | 84% |
| Price per sq ft | $473 | $372 | 81% |
| Built year | 1961 | 1966 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 2308 | 3% |
May 5, 2026
$1,190,000
Initial Listing