8243 E MONTECITO Avenue, Scottsdale, AZ 85251, Scottsdale, 85251 - 3 bed, 2 bath
Loading property details...
Scottsdale, AZ 85251
This Turnkey Short-Term Rental Asset is listed at $880,000, which sits above the $668,671 Fair Market Value. While the property carries a premium valuation, it offers a High-Potential Investment Opportunity due to its proven income-generating history and comprehensive remodel. Featuring a heated PebbleTec pool, putting green, and modern open-concept finishes, the home maintains an Excellent Condition Rating. Its prime location in Old Town Scottsdale ensures high demand for both vacationers and residents. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8243 E MONTECITO Avenue Subject | $880,000* List Price | 3 | 2 | 1,416 | $472 | - |
A 8515 E MACKENZIE Drive Sold | $629,000 | 3 | 2 | 1,066 | $590 | 0.3 mi |
B 4614 N MILLER Road Sold | $675,000 | 3 | 2 | 1,435 | $470 | 0.9 mi |
C 3526 N 85TH Street Sold | $845,000 | 4 | 2 | 1,830 | $462 | 0.7 mi |
D 8513 E INDIANOLA Avenue Sold | $1,095,000 List Price | 4 | 3 | 1,786 | 0.6 mi | |
E 8348 E SELLS Drive Active Under Contract | $635,000 List Price | 3 | 2 | 1,416 | $448 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1959, the property has undergone a high-end, comprehensive remodel within the last 5 years. The kitchen features modern cabinetry, herringbone backsplash, and stainless appliances; the flooring and fixtures are updated throughout; and the exterior systems, including a newer PebbleTec pool and HVAC, appear in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7430, living area = 1416.
Situated in the highly sought-after Scottsdale Estates, this property offers immediate access to premier shopping, dining, and entertainment in Old Town Scottsdale.
The backyard is a premium entertainment space featuring a heated PebbleTec pool with a tanning ledge, a putting green, and a private pool cabana.
With only 1,416 square feet of living space at an $880,000 price point, the property carries a premium valuation that may challenge some appraisals.
Originally built in 1959, the home may present maintenance challenges or aging infrastructure common in mid-century properties despite the modern cosmetic updates.
Experience the best of Old Town Scottsdale in this beautifully remodeled 3-bedroom, 2-bath home! Currently operating as a successful short-term rental, this property offers incredible flexibility--continue generating income with the option to purchase the furnishings separately, or make it your own full-time residence. The open-concept floor plan is complemented by modern finishes and a backyard designed for entertaining, featuring a heated PebbleTec pool with tanning ledge, putting green, covered patio, and pool cabana. Just minutes from Scottsdale's premier shopping, dining, golf, and entertainment, this move-in ready home is an exceptional opportunity for investors and homeowners alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,416 | - |
| Lot Size | 7,430 | - |
| Price | $880.0K | $1.25M |
| Price per sq ft | $621 | $475 |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 22 | 2493 |
Jul 1, 2026
$880,000
Initial Listing