8312 E MACKENZIE Drive, Scottsdale, AZ 85251, Scottsdale, 85251 - 4 bed, 3 bath
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Scottsdale, AZ 85251
This Turnkey Furnished Investment Asset is listed at $950,000, reflecting market stability relative to its $885,931 Fair Market Value. Boasting an exceptional Condition Rating of 2, the property features Extensive Modern Upgrades including a newer roof, HVAC, and sewer line, ensuring a low-maintenance ownership experience. The residence offers a private pool and covered patio with the benefit of no HOA fees. Currently tenant-occupied until April 2026, the home generates steady rental income to offset the purchase price. This is a sophisticated acquisition for Buy-and-Hold Investors or Owner-Occupants planning a future transition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8312 E MACKENZIE Drive Subject | $950,000* List Price | 4 | 3 | 1,851 | $479 | - |
A 3526 N 85TH Street Sold | $845,000 | 4 | 2 | 1,830 | $462 | 0.6 mi |
B 4026 N 83RD Street Sold | $740,000 | 4 | 2 | 1,696 | $436 | 0.2 mi |
C 8250 E MACKENZIE Drive Sold | $699,900 | 3 | 2 | 1,610 | $435 | 0.0 mi |
D 8408 E RANCHO VISTA Drive Sold | $1,030,000 | 4 | 3 | 2,294 | $449 | 0.7 mi |
E 8737 E FAIRMOUNT Avenue Sold | $890,000 | 4 | 2 | 1,980 | $449 | 0.6 mi |
F 8213 E FAIRMOUNT Avenue Sold | $865,000 | 4 | 2 | 2,059 | $420 | 0.4 mi |
G 8219 E WHITTON Avenue Active | $775,000 List Price | 4 | 3 | 1,910 | $406 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1959, the property has undergone an extensive and high-quality modern renovation within the last few years. The kitchen is fully updated with contemporary shaker cabinetry, quartz countertops, a designer tile backsplash, and premium stainless steel appliances including a pot filler. The listing confirms that all major systems—including the roof, HVAC, electrical, sewer, and water heater—are newer, effectively removing deferred maintenance. The interior features modern lighting, updated flooring, and a turnkey aesthetic that meets current market standards for luxury and quality.
The property features a newer roof, HVAC, electrical system, sewer line, and pool equipment, significantly reducing the risk of immediate capital expenditures for the buyer.
Situated in a highly desirable area with no HOA, the home is minutes from Scottsdale Fashion Square, elite dining, and hiking, maximizing its long-term appreciation and rental appeal.
Sold fully furnished with a tenant in place until April 2026, this property provides an immediate and steady income stream to offset the purchase price for investors.
The existing lease agreement until 2026 prevents immediate move-in, which may exclude a large segment of traditional buyers looking for a primary residence.
Despite modern updates, the 1959 construction may feature smaller secondary bedrooms and a more compact lot size compared to newer luxury builds in the same price bracket.
DO NOT PAY ATTENTION TO DAYS ON MARKET Tenant Occupied until April 18, 2026 with steady rental income for the next buyer to offset purchase! Fully Furnished Turnkey Property with NO HOAs in ''The Most Livable City,'' minutes away from some of the greatest shopping, dining and hiking that Scottsdale has to offer. Newer sewer, water heater, roof, HVAC, electrical and pool pump equipment. The openness of the kitchen, living room and dining area makes this home great for entertaining and very comfortable living. Bedrooms and Closets are spacious. Home is North/South facing, which is most desirable where sun exposure is concerned. The outdoor space has a comfortable covered patio to enjoy the outdoors rain or shine while you are hitting a few putts or taking a dip in the pool! This property is close to Scottsdale Fashion Square, Spring Training and Airport.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 1,851 | 1,876 | 49% |
| Lot Size | 6,541 | 7,638 | 19% |
| Price | $950.0K | $682.5K | 78% |
| Price per sq ft | $513 | $403 | 76% |
| Built year | 1959 | 1960 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 418 | 2096 | 33% |
Mar 1, 2025
$950,000
Initial Listing